exam 1 Flashcards

(45 cards)

1
Q

3 Skills Everybody Needs

A

Conceptual Skills- see the big picture (developed by experience) Most used at top
Human Skills- can you work with or through other people (will enhance or derail career) Used throughout equally
Technical Skills- do you have the skills to get the job done (will get the first promotion) Most used at the bottom

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2
Q

Levels of Managers

A

Top- CEO, CIO, President (planning 3 to 5 years)
Middle- Branch Manager, Regional manager… Manager report to you but you still have managers above you (Planning 1 to 2 years)
First- Supervisors (1 day to 1 year)

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3
Q

Managing in Times of Crisis

A
Stay Calm!!!
  you can cause more chaos
  Fake confidence and hope because that’s what
  people expect
Be Visible
  People need to see presence
Put People First
  Do Not worry about bottom line
Tell the Truth!!!!!!!
Know when to get back to business
  Gets positive energy flowing 
  rebuild
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4
Q

Functions of Management:

A

Planning- future/ Plan to succeed
Organizing- after planning, you organize the resources
Leading- very challenging because of distractions (economy/underemployment/safety)
Controlling- control results not people
Everybody’s goals are different so managers
need to motivate
Take corrective actions (use benchmarks)
Communicate

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5
Q

Effective

A

did what you said you would do

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6
Q

Efficient

A

use the fewest resources to get the job done

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7
Q

Functional Manager

A

Responsible for one function

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8
Q

General Manager

A

Responsible for many functions

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9
Q

Pardigm

A

what we believe is true

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10
Q

Classical Perspective

A

Efficiency is key

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11
Q

Scientific Management

A

ONE best way to complete the job

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12
Q

Gilbreths

A

time motion studies

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13
Q

bureaucratic movement

A

Max Weber- chain of command

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14
Q

Humanistic Perspective

A

how to motivate people

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15
Q

Hawthorne Studies

A

if you pay attention to something, it will perform better

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16
Q

Human Relations

A

person to person

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17
Q

Human Resources

A

how to treat people

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18
Q

Maslow’s Hierarchy

A

basic needs first then go up

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19
Q

Theory X

A

people are lazy, micromanage

20
Q

Theory Y

A

People want to do a good job

21
Q

Management Science

A

Technology is used. What-if statements are able to be analyzed

22
Q

TQM

A

Total Quality Management

23
Q

General Environment

A

Indirect impact on business

a. International
b. Technology
c. Sociocultural
d. Legal/ Political
e. Natural
f. Economic

24
Q

Task Environment

A

Directly affects business

a. suppliers
b. customers
c. competitors
d. labor market

25
Internal Environment
we control a. baseball culture b. club culture c. academy culture d. fortress culture
26
Steps to become a multinational company
1. domestic 2. international 3. multinational 4. global
27
Utilitarian
be practical
28
Individualism
good for some, bad for others
29
Moral Rights
free speech, privacy, bear arms...
30
Justice
everyone should be handled fairly
31
Pre-Conventional
it might be wrong but im going to do it anyway
32
Conventional
it's the right thing to do
33
Post-Conventional
whistle blowers: you know it's not right and have the courage to say something
34
Entrepreneur
start from scratch
35
Intrapreneur
works within a company
36
Socialpreneur
have ideas how to change social problems
37
NAFTA
North American Free Trade Agreement
38
MBO
Management by Objectives
39
Levels of Goals
1. Mission 2. Strategic 3. Tactical 4. Operational 5. Individual
40
Characteristics of an entrepreneur
Passionate. Determined. Risk tolerant. Self motivated. Confident. Comfortable with ambiguity.
41
Creating a business plan
1. Executive Summary 2. is it feasible 3. Marketing/ Consumers 4. Financials 5. Legal Structure 6. Management team**** most important 7. Mission Statement 8. Competitors
42
3 F's
family, friends, fools
43
Angel investorys
sometimes no strings attached, sometimes for a share of the company usually low
44
Venture Capital
want a large stake in the company (40-50%) you pay for business advice
45
SMART
``` Specific Measurable Achievable Rewards Time Specific ```