The above statement is true. The project sponsor is a senior manager from the business unit most affected by a project who assures the project will fulfill the needs of his or her firm.
- The project sponsor is in charge of the project's overall success, which includes selecting the project manager and team, establishing success parameters, and guaranteeing the project's timely completion.
- Executive sponsor is a position in project management, typically held by the project board's most senior member and frequently its chair. A top executive at a company who is accountable to the company for the project's success will serve as the project sponsor.
- Members of senior management who support projects and have a significant amount of influence and power are known as project sponsors. The names of project sponsors vary frequently, including those of product sponsors, project directors, account managers, and business unit managers.
Thus this is definition of project sponsor.
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Answer: Indirect Exporting
Explanation:
Indirect exporting describes a scenario where an entity exports to another country through an intermediary. They essentially sell to this intermediary and this intermediary then sells to consumers in other countries.
Much like investment banks underwriting stock, this type of exporting has very little risk and commitment attached because it simply involves one selling everything to an intermediary. The company exporting has therefore absolved itself of further risk which will then be incurred by the intermediary. t
The intermediary will however buy the goods at a discount due to the risk they take on. As a result, this gives less profit.
Answer:
b. Dogs
Explanation:
The BCG matrix is used to analyse the performance of an organization's product in terms of the market growth and market share. Going by the BCG matrix, there are 4 types of products based on the measurement criteria mentioned earlier. These are Star, Cash cow, Question mark and Dogs.
Stars are high performers with high market growth and high market share. Cash cows have high market share but low market growth. Question marks are products with high market growth but low market share. Dogs are the poor performing products with low market share and low growth rate. Hence the division as identified by General Motors for closure is in the division of Dogs.
Option b
Answer:
Establish incentives for autonomous division managers to make decisions that are in the overall organization's best interests (i.e., goal congruence).
