PRELIMS Flashcards
(94 cards)
“Management is, above all, a practice were art, science, and craft meet.”
Henry Mintzberg
It is the ability to diagnose situations
and predict patterns of behaviors, which
result in better decision making.
Critical thinking
A _____________ is able to put aside biases and view situations from different perspectives to ultimately improve his or her understanding of the world.
Critical thinker
The generally accepted critical thinking
methodology includes seven steps
Observe, Interpret, Analyze, Infer, Evaluate, Explain, meta-think
recognize the behavior
Observe
understand the cause and
effects of behavior
Interpret
investigate the causes and effects
of behavior
Analyze
propose paths to change behavior
Infer
(assess the consequences of
changing behavior
Evaluate
(justify a change to behavior
Explain
consider the process used to
propose this behavior change
Meta-Think
is the process of working with
people and distributing an organization’s
resources to achieve goals efficiently and
effectively.
Management
These principles are constantly evolving to
better meet the four things every
organization needs to be successful
Access to resources, Effective leaders, Competent employees, Interested consumers or advocates
Managers’ activities are both people‐focused and technically
focused. Their tasks fall into four main categories
planning, organizing,
leading, and controlling
A manager collaborates and communicates with his or her team to pursue a goal. This
task could include setting up and leading monthly sales meetings to look at progress, organizing and hosting. We often describe
this people‐focused side of a manager’s
duties as the
Art of Management
Tasks in this category might
include testing a new manufacturing
process to reduce energy costs at a plant, or progress on developing a new product, In general, we can think of these more technical activities as the
Science of Management
Management can be both people focused (art) and
technical (science).
The Art and Science of Management
Managers focus on more than just profits. Instead, they look at how their practices affect their triple bottom line, defined as the “3 P’s”:
People, Profit, Planet
Management can make a difference through _____ by investing in wellness programs, training and education, retirement accounts, healthcare benefits, career advancement opportunities, and flexible environments
People
To make a difference through ______, managers make sure that their company is financially healthy so it can offer employees stable jobs, hire new college graduates, reward investors, and support local and global causes.
Profit
To make a difference for the _____, companies must concentrate on communities and causes as well.
Planet
Whatever managers do and however they make a difference, we can
categorize their actions by using four distinct management functions:
Planning, Organizing, Leading, and Controlling`
It is the process of setting goals for the future, designing
appropriate strategies, and deciding on the actions and resources
needed to achieve success.
Planning
It is the process of orchestrating people, actions,
resources, and decisions to achieve goals.
Organizing