Business Management Flashcards
(129 cards)
How are “mission statements and vision statements similar?
“Mission statements and vision statements are similar in that they are both intended to clarify the objectives of the organization.”
What is a mission statement?
“mission statement is only intended to define the broad mission an organization is attempting to carry out on a daily basis.”
Why are mission statements important?
“A mission statement is a declaration of the reason an organization exists. This is important in determining standards, values, strategies, and other organizational aspects and serves as a guideline for establishing the processes to achieve goals. ”
What is a “vision statement”?
“A vision statement is intended to define the specific goals an organization hopes to achieve in the future.”
Why is a “vision Statement” important?
“A vision statement is a declaration of the goals the organization wishes to achieve at some future point, which is important in designing and implementing the strategies necessary to meet those goals.”
What are the two main operational structures used?
organic and mechanistic.
What are the characterisc of a mechanistic structure?
“ A mechanistic structure is any structure in which the operations of an organization are extremely well regulated and defined. Mechanistic structures are usually centralized, have a large number of departments, have a large number of managers with very limited spans of control, have an extensive chain-of-command, are extremely formalized with a large number of policies and procedures, and usually have a large number of extremely specialized tasks.”
What are the characterisc of a organic structure?
“An organic structure, on the other hand, is any structure in which an organization is loosely regulated and possibly less defined. Organic structures are usually decentralized, have a small number of departments, have a small number of managers with each assigned a large span-of-control, have a short chain-of- command, have virtually no formalization so that only basic policies and procedures are established and usually have fewer specialized tasks than mechanistic structures.”
“As a result, the specific type of structure that is best suited for a particular organization can vary depending on the specific situation. If an organization wants or needs to maintain control of the individual processes and tasks that are performed by the various parts of the organization and the organization is in a business environment that is relatively stable, then it may be wise for the organization to use which structure? .
to use a structure that is more mechanistic.”
“If the organization is in a business environment in which it needs to implement changes frequently and/or creativity is essential to the its success, then which structure should the organization use?
then it may want to use a structure that is more organic.
“However, regardless of whether an organization is primarily mechanistic or primarily organic, it is impossible for an organization to be completely mechanistic or organic, as each organization needs some combination of the two operational structures in order to continue functioning.” True or False
True
How does a bill become Law?
“The process of creating a new law begins with a bill being introduced by either the Senate or the House of Representatives. The bill is then referred to a committee that determines if the bill should be considered further by a subcommittee, considered further by the entire floor of the House or Senate, or if the bill should be ignored. If the bill reaches the floor of the House or Senate, the bill is debated and a vote is taken to pass or defeat the bill. If the bill is passed in the Senate, then the bill is passed on to the House to be considered in the same way and vice versa. After both the House and Senate have approved a particular bill, the bill is sent on to the president to be signed into law. However, the president can veto the bill (refuse to sign it into law), or the bill may be returned to congress. It will become law automatically if the president ignores it for 10 days while Congress is in session. It will die automatically if it is ignored until after Congress is out of session.”
What are the three common ways an HR professional can influence upcoming legislation?
“the three most common methods are by : mail:“To influence legislation by mail, a formal letter can be sent to an “elected official such as a state senator, a congressman or congresswoman, a local mayor, etc.” Elected Officials:“To influence legislation through meetings, a meeting should be scheduled with an elected official or a member of his or her staff to discuss the issue of concern.” or by lobbying:“To influence legislation by lobbying, members of similar organizations, possibly even competitors within the same industry, should be found and the entire group should express their opinions to an appropriate elected official by mail or in person.”
What are the responsibilities an organization to its employees, consumers, investors, and to society, in general?
“These responsibilities include abiding laws and regulations, adopting socially and ethically accepted business practices, reporting fully and honestly, and adding overall value.”
Explain the organization’s governance process?
“is the established policies and procedures designed to meet those responsibilities. The process is directed by the board of directors, or equivalent governing body, and executive management. However, since the responsibilities are mostly ethical obligations, the success of the governing process hinges in the organization’s ethical climate. Thus, the need exists for organizations to encourage ethical values. ”
“The interactive and structural configuration—such as hierarchical or matrix formats—of personnel within an organization that are used by management to influence the behaviors, culture, and objective outcomes of the organization itself. ”
Corporate Governance
What is included in the Corporate Governance Framework?
“The oversight of corporate governance thus requires framework considerations such as roles, responsibilities, and human resources to objectively monitor effectiveness and change the governance structure as needed.”
Organization is governed by what and why?
“How an organization is governed is often a result of the culture within its ranks. Norms such as rules, policies, SOPs, business systems, quality systems, and modes of communication can all influence how governance is executed and in turn how effective management can be”
· Create a code of corporate conduct and ethics so that all members of the firm know what behaviors are expected of them. · Create a policy detailing how leaders and employees will be trained on the code, how any code violations should be reported, how whistle“blowers will be protected, how issues will be investigated, what consequences violators will face, and how reports will be tracked and documented. · Ensure that leaders and board members uphold their fiduciary responsibility and always act with the best interests of the company in mind. · Help spearhead or support environmental initiatives like reducing consumption and waste or using more eco-friendly supplies. What is the above used for? · Help spearhead or support activities that attempt to solve societal problems like poverty or a lack of access to clean water.”
Used to create Effective corporate citizenship and governance system —through HR
“the practice of exchanging information, data, ideas, and opinions.”
Communication
“There are many models that depict complex”
Communication processes
Almost all communications will includes what?
“he sender or source chooses, creates, and encodes the message. The receiver decodes and interprets the message. In between, the message must be transmitted through some communication channel or medium like phone, text, email, video, or broadcast. Communication messages often pass through noise barriers such as environmental sounds, people speaking, traffic, and construction. Removing these barriers can decrease instances of misunderstanding and confusion. Feedback allows the model to be interchangeable, allowing for communication to flow both ways.”
“Delivering messages can be difficult, especially if the context is serious in nature. The message content should be tailored to fit the audience. This requires understanding the roles, expectations, and perspective of recipients. ” How can this be accomplished?
“First, focus on eliminating any barriers or vague wording that may interfere with interpreting the message. Once the proper channel for delivery is selected, it may be important to focus on nonverbal signals and ensure that they coincide with the mood of the message content. Finally, messages should allow for feedback that will lead to follow-up discussions. If the message is complex in nature, such as a business change or new benefits offering, it may be critical to share repeated reminders and have open lines of communication to reduce confusion and ensure success.”
Is an important component of communication that requires paying close attention to what is being said. What is this?
Active Listening