Exam 1 Prep Flashcards

(95 cards)

1
Q

Management

A

Getting work done through others

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2
Q

Efficiency

A

Getting work done with a minimum of effort, expense or waste

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3
Q

Middle Managers

A

Responsible for setting objectives consistent with top management’s goals and for planning and implementing subunit strategies for achieving these objectives.

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4
Q

Leader Role

A

The interpersonal role managers play when they motivate and encourage workers to accomplish organizational objectives

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5
Q

Soldiering

A

When workers deliberately slow their pace or restrict their work output

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6
Q

Social Responsibility

A

A business’s obligation to pursue policies, make decisions, and take actions that benefit society

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7
Q

Groupthink

A

A barrier to good decision making caused by pressure within the group for members to agree with each other

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8
Q

Company Mission

A

A company’s purpose or reason for existing

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9
Q

Planning

A

Determining organizational goals and a means for achieving them

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10
Q

Organizing

A

Deciding where decisions will be make, who will do what jobs and tasks, and who will work for whom

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11
Q

Leading

A

Inspiring and motivating workers to work hard to achieve organizational goals

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12
Q

Effectiveness

A

Accomplishing tasks that help fulfill organizational objectives

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13
Q

Controlling

A

Monitoring progress toward goal achievement and taking corrective action when needed

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14
Q

Top Managers

A

Executives responsible for the overall direction of the organization

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15
Q

First-Line Managers

A

Train and supervise the performance of non-managerial employees who are directly responsible for producing the company’s products or services

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16
Q

Team Leaders

A

Managers responsible for facilitating team activities toward goal accomplishment

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17
Q

Figurehead Role

A

The interpersonal role managers play when they perform ceremonial duties

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18
Q

Liaison Role

A

Interpersonal role managers play when they deal with people outside their unites

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19
Q

Monitor Role

A

The informational role managers play when they scan their environment for information

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20
Q

Conceptual Skills

A

The ability to see the organization as a whole, understand how the different parts affect each other, and recognize how the company fits into or is affected by its environment

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21
Q

Environmental Complexity

A

The number and the intensity of external factors in the environment that affect organizations

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22
Q

Punctuated Equability Theory

A

The theory that companies go through long periods of stability (equilibrium), followed by short periods of dynamic, fundamental change (revolutionary periods), and then a new equilibrium

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23
Q

Advocacy Groups

A

Concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions

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24
Q

Environmental Scanning

A

Searching the environment for important events or issues that might affect and organization

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25
Employee Shrinkage
Employees theft of company merchandise
26
Visible Artifacts
Visible signs of an organization's culture, such as the office design and layout, company dress code, and company benefits and perks, like stock options, personal parking spaces, or the private company dining room
27
Ethics
The set of moral principles or values that defines right and wrong for a person or group
28
Ethical Intensity
The degree of concern people have about an ethical issue
29
Principle of Distributive Justice
An ethical principle that holds that you hold never take any action that harms the least fortunate among us: the poor, the uneducated, the unemployed
30
Action Plan
A plan that lists the specific steps, people, resources, and time period needed to attain a goal
31
Operational Plans
Day-to-day plans, developed and implemented by lower-level managers, for producing or delivering the organization's products and services over a thirty-day to six-month period
32
Rational Decision Making
A systematic process of defining problems, evaluating alternatives, and choosing optimal solutions
33
Resources
The assets, capabilities, processes, employee time, information, and knowledge that an organization uses to improve its effectiveness and efficiency and create and sustain competitive advantage
34
Secondary Firms
The firms in a strategic group that follow strategies related to but somewhat different from those of the core firms
35
Magnitude of Consequences
The total harm or benefit derived from an ethical decision
36
Stakeholder Model
A theory of corporate responsibility that holds that management's most important responsibility, long-term survival, is achieved by satisfying the interests of multiple corporate stakeholders
37
Discretionary Responsibility
The social roles that a company fulfills beyond its economic, legal, and ethical responsibilities
38
Organizational Culture
The values, beliefs, and attitudes shared by organizational members
39
Shareholder Model
A view of social responsibility that holds that an organization's overriding goal should be profit maximization for the benefit of shareholders
40
Ethical Responsibility
A company's social responsibility not to violate accepted principles of right and wrong when conducting its business
41
``` Conceptual Truth (Decisions) -John Maxwell ```
"You are where you are today because of the decisions you made yesterday, you are where you are tomorrow because of the decisions you make today."
42
Conceptual Truth (Systems)
"Systems are perfectly designed t get the results they get."
43
Conceptual Truth (Vision)
"We don't see things as they are, we see things as we are."
44
Conceptual Truth (Cost/Change)
"There is always cost associated with change. There is always cost associated with not changing."
45
Conceptual Truth (Itself)
"Anything left to itself will digress to the next level."
46
Conceptual Truth (Reactive)
"You can choose to be reactive to what is happening around you or proactive, but if you choose neither you choose to be reactive."
47
Theory X
Don't trust, has no confidence in the team's success.
48
Theory Y
Want to trust; enthusiastic about the team's approach
49
Locus of Control
Is in the individual inherent desire and capacity to grow, choose, learn to take responsibility for learning
50
External - Locus of Control
Individual believes that his/her behavior is guided by faith or luck
51
Internal - Locus of Control
Individual believes that his/her behavior is guided by their personal decisions and efforts
52
Closed System
The Organization comes first. Highly Efficient People feel fear
53
Synchronous System
The Values come first. Teamwork Hard to challenge existing ideas
54
Random System
The individual comes first. Innovative Too chaotic, high turnover
55
Open System
The Process comes first High Communication False consensus
56
Interpersonal Roles
Figurehead Leader Liaison
57
Informational Roles
Monitor Disseminator Spokesperson
58
Decisional Roles
Entrepreneur Disturbance Handler Resource Allocator Negotiator
59
Disseminator Role
Managers share the information they have collected with their subordinates and others in the company
60
Spokesperson Role
Share information with people outside their departments or companies
61
Entrepreneur Role
Managers adapt themselves, their subordinates, and their units to change
62
Disturbance Handler Role
Managers respond to pressures and problems so severe that they demand immediate attention and action
63
Resource Allocator Role
Managers decide who will get what resources and how many resources they will get
64
Negotiator Role
Managers negotiate schedules, projects, goals, outcomes, resources, and employee raises
65
Time Study
Timing how long it takes good workers to complete each part of their jobs
66
Synergy
When two or more subsystems working together can produce more than they can working apart 1 +1 =3
67
System
A set of interrelated elements or parts that function as a whole
68
Uncertainty
How well managers can understand or predict the external changes and trends affecting their businesses
69
Three Numbers of Communication
7% Words 38% Tone 55% Body Language
70
Dr. V's Management Definition
Management is... having the right people, at the right place, at the right time, doing the right thing, the right way
71
Decision Change Equation
(D)issatisfation (V)ision (P)lan > (C)ost
72
Conceptual Truth (Financially Independent)
"You are financially independent when your passive income exceeds your expenses"
73
PIE Model
(P)erformance (I)mage (E)xposure | Exposure impacts you more career wise
74
Leadership Development Model
Individual - Self aware, skills Group/Organization- Teamwork, communication Community - Engagement, Connection Family
75
James 4:17
If you know the right thing to do and don't do it, then that for you is evil
76
Strategic Management Process
Being able to see, predict, and plan ahead 1. Develop a strategic vision 2. Setting objectives 3. Crafting a strategy 4. Implementing and executing a strategy 5. Monitoring development, evaluating performance
77
SWOT Analysis
(S)trengths (W)eakness (O)pportunities (T)hreats Internal - Strengths and Weaknesses External - Opportunities and Threats
78
Management By Objective (MBO)
1. Discuss possible goals 2. Select goals that are challenging, obtainable and consistent to a companies overall goals 3. Jointly develop tactical plans that lead to accomplishing tactical goals and objectives 4. Meet regularly to review progress
79
A Type
Focuses on individual (Bad)
80
C Type
Focuses on the problem (Good)
81
Culture
Clear set of values and norms that actively guide company operations
82
Mistakes Managers Make
Insensitive, overly ambitious, over managing, betrayal of trust
83
Fredrick Taylor
Scientific Management. Finding the one best way to do each task
84
Hawthorne Studies
Demonstrated that workers feeling and attitudes affected their work. Financial intensives aren't the most important thing
85
Porter's 5 Industry Forces
1. General 2. Economic 3. Technological 4. Political/ Legal 5. Socioeconomic
86
Key Metrics
Fortified Position - a unique advantage
87
Louis L'Amour
I know that no university exists that can give you an education. One's education is left up to one's self.
88
Benjamin Franklin
All mankind is divided into three classes. Immovable, moveable, those that move
89
Thomas Edison
I'm not discouraged because every wrong attempt is another step forward
90
Henri Fayol
The success of the enterprise depends more on the administrative ability of its leaders than on their technical skills
91
Jack Welch
Managers who don't share the values, but deliver the numbers have the power to destroy the culture
92
Steven Grellet
Any good that I can do or any kindness I can show let me do it now.
93
Henry Cloud
We change our behavior when the pain of staying the same becomes greater than the pain of changing
94
Albert Einstein
No problem can be solved from the same consciousness that created it. We must learn to see the world anew
95
Sweethearting
Occurs when employees discount or don't ring up merchandise their family or friends bring to the cash register