Juan is a highly qualified biomedical researcher. Having recently completed hiseducation, he applies to work at a pharmaceutical
company which is renowned for itsfast paced innovation and aggressive growth policy. Which of the following, if true,would provide for a poor person organization fit in this case?A) Juan is interested in applied research that is likely to produce tangible results.B) Juan has the tendency to be process oriented and is risk averse.C) Juan is a team player and works exceedingly well in lab groups.D) Juan is interested in making numerous breakthrough discoveries in the lab
Answer:B. Juan has the tendency to be process oriented and is risk averse.
The above will be a mismatch to a company that is innovative compare to a person that sticks to old process, also aggressive growth company are ready to bear risk which is not in tune with a risk averse staff
For example, when a company is preparing for an IPO, the prospectus will be given to potential investors (mom & pop, and sophisticated) to give them information on current financial status of the company, growth strategies, current shareholders, directors, etc.
A competitive firm is a price taker, it faces a horizontal line demand curve at the price level. This demand curve also represents average revenue and marginal revenue. So the price is always equal to marginal revenue.
Now, a firm is able to maximize revenue at the point where price equals marginal cost. Since price equals marginal revenue, so marginal revenue also equals marginal cost.
The firm will earn profit only if it is able to cover the variable cost of production. So the price should be either equal to or greater than the average variable cost.
1) organic organizations are better able to deal with a complex environment.
An organic organization is one that is flexibile, and that can adapt easily, and quickly, to a changing enviroment.
According to the contingency model, organizations are better off when they are flexible, keep their options open, and adapt rapidly to changes. In other words, organic organizations are better able to deal with a complex enviroment.
This is because of the lack of rigidity inside an organic organization. The organic organization will prioritize pragmatism over rules or hierarchy, allowing it to respond more quickly to a dramatic shift, than a mechanistic, rigid organization.