Exam 1 Ch 1-4 and 16 Flashcards
(235 cards)
Managing for competitive advantage, information technology, and diversity represent key
managerial challenges
What does being a manager offer to an employee?
many rewards apart from money and status
Amelia pays a lot of attention to her company’s competitors, she watches for long-run opportunities and problems, and she devises strategies for how her company will respond. Amelia is a(n)
top-level manager.
When a cross-town competitor closed suddenly, the number of customers at Janie’s Gun Gallery increased dramatically. Janie inspired her team to put in extra effort to meet every customer’s needs. Which of the four key management functions was Janie using?
leading
A national sales organization has implemented a set of training courses on its intranet, with a link that allows employees to find and share answers to questions that arise with customers. ________ is the system that allows the sharing of knowledge and information throughout an organization.
Knowledge management
What are the four principal functions of management?
planning, organizing, leading, and controlling
Managing for competitive advantage is an important challenge to being an exceptional manager. Some organizations focus on ________ by offering goods and services that are more excellent than those offered by competitors; meanwhile, other organizations may focus on ________ by delivering goods and services faster and cheaper.
quality; efficiency
As regional manager of a dollar store chain, Kamile compares weekly sales reports from each store with projected sales goals and then takes corrective action if needed. Which of the four key management functions is Kamile using?
controlling
Aaron is trying to further develop his soft skills. Based on what you know about career readiness competencies, which of the following actions will help him the most?
He needs to work with different stakeholders and take in their feedback when making decisions.
Collette manages a coffee shop that is well-known for its signature purple espresso. This morning, she was informed that the purple espresso beans are backordered for at least three weeks. Collette responds by calling others in her network to fix this supply issue and providing another feature product for her customers. Collette is playing the ________ role.
disturbance handler
Tyrone manages a small lakefront shop that sells fishing tackle and boating gear. One of Tyrone’s employees recently suggested that the shop begin to sell variety bags of 3 or 4 fishing lures. Tyrone implemented this idea and the shop now averages selling five variety bags each day. Tyrone’s acceptance and implementation of the employee’s idea shows that he embraces the ________ role.
entrepreneur
________ include leadership and information technology and will be necessary for success no matter your career path; while ________ include social and emotional intelligence and are becoming more important as firms outsource or automate routine tasks.
Core competencies; soft skills
________ employs state-of-the-art computer software and hardware to help people work better together.
Collaborative computing
As chief people officer (CPO) at a major beverage manufacturer, Clarence regularly contributes to discussions about the direction of the firm and how his division can influence the employees to work toward organizational goals. Clarence is probably a(n)
top manager.
The Changs, owners of Forever 21, lacked some of the skills exceptional managers need. Based on the Management in Action case, which skill did they lack the most?
conceptual
Murad dreamed of working in the fashion industry. He landed a fashion internship, but the company did not hire him when he graduated. After interviewing with eight other companies, Murad still did not have a job upon graduation. Murad viewed his job search struggles as an opportunity to move to Paris, the fashion capital of the world. Murad is demonstrating
resilience.
Which one of the following is one way to think about management?
the art of getting things done through people
________ is the discipline concerned with creating computer systems that simulate human reasoning and sensation.
Artificial intelligence
Vilma works with a group on projects that are too complicated for one person and frequently necessitates diverse areas of expertise. Vilma’s primary role is to ensure the group has everything it needs to achieve its goals. Vilma is probably a
team leader.
In the Management in Action case it is evident that the Changs did not effectively manage for technological advances. How could they have done this?
They could have better utilized big data.
As a university president, Hazine presents diplomas at commencement, announces awards and promotions to faculty, and issues regular statements about the importance of adhering to university policies. These behaviors are part of Hazine playing the ________ role.
figurehead
Vandelay Industries employs chemical and manufacturing experts who are among the best in the world at developing and producing products that contain latex. Vandelay Industries is highly efficient and outperforms its competitors which results in a(n) ________ over its competition.
competitive advantage
Ignacio has excellent hard skills, including his competency in ________, as demonstrated by his expertise in developing, delivering, and analyzing his company’s social media impact.
new media literacy
Tanisha, an experienced logistics manager, was recently assigned to oversee a division that is struggling to meet its goals. In her first week, she reviewed the organizational chart, productivity reports, and operational costs. What might Tanisha do with this information?
She might reorganize the division and rethink the work flows.