Chapter 1 Study questions Flashcards
(130 cards)
What was the underlying management theme from the Monsanto advertisement video?
We need to understand how relationships work for every unique area.
Understanding people and organizations is valuable for whom?
Everyone
The core element of management is understanding what?
Human interaction
According to the Weird Al music video, “Our proven methodology, with strong commitment to quality effectively enhances corporate______________.”
synergy
Definition of management
the pursuit of organizational goals
Top Managers
Set Objectives, scan environment, plan and make decisions
Middle Managers
Allocate Resoruces, oversee first-line managers, develop and implement activities
First-Line Managers
Coordinate activities, report to middle managers, supervise employees, involved in day-to-day operations
board of directors
oversee the activities of the firm and ensure that the organization is maximizing value to its stakeholders
Which level of manager is typically in charge of allocating resources and developing activities?
Middle managers
Whose job is it to oversee the activities of the firm and ensure that the organization is maximizing value to its stakeholders?
Board of directors
Which manager’s duties include planning and making decisions and setting objectives for the organization?
Top managers
Ford’s functions of management
Planning, Organizing, Leading, Controlling
Planning
Identifying goals, establishing objectives, and implementing action plans within the constraints of the organization. As a manager, you need to be aware, not only, of what ultimate goals you are working toward, but also how you want to try to achieve them. This is the starting point of the management process.
Organizing
Delegation of tasks to different individuals and work groups. Understanding which employees or groups have the skillsets to accomplish tasks in the most efficient and effective manner possible is imperative from a strategic standpoint.
Leading
Motivating and directing employees towards the achievement of organizational goals. The ability to get the most out of your employees can separate the successful managers from the failures.
Controlling
Measuring the performance of employees and work groups against established standards. Are employees living up to expectations from supervisors and consumers in regards to different measurables like quality? If your organization isn’t where you expect to be, we go back through our process and tweak as needed, beginning with the planning function.
conceptual skills
Conceptual skills are often the “bird’s eye view,” where managers need to think analytically, understand the how an organization best functions and fit the overall puzzle pieces together.
Technical skills
specific knowledge needed to perform a specialized skill.
Human skills
or interpersonal skills, basically describe working with people.
soft skills
the ability to motivate, inspire trust, communicate, network and manage human interaction at all levels.
In the above video, technological skills, sector-specific training, and other skills are listed as typical______________.
hard skills
The specific knowledge needed to perform a specialized skill is known as what?
Technical skills
Which level of management most often needs to utilize conceptual skills?
Top managers