Week 7 Flashcards
(35 cards)
what are the 4 steps to the management process
planning, organizing, leading, controlling
what are the 3 levels of management
Top managers, middle managers, first line managers
what are the 5 management skills
technical skills, HR skills, conceptual skills, time management skills, decision making skills
what is strategic management
its setting goals and formulating strategies to reach the goals
what is SMART goal setting
S - specific
M - measurable
A - acheivable
R - relevant
T - time bound
what does SWOT stand for and what the goal
S - strengths
W - Weaknesses
O - opportunites
T - Threats
can be useed by firms to see how they can improve or can be used to access potential opportunities
what type of analysis accesses a firms strength and weaknesses
organizational analysis
in the swot analysis what parts are internal(2) and external(2) for the firm
strength and weaknesses are internal
opportunities and threats are external
what is the first thing that a manager should do in terms of the control process
establish standards
arranging jobs into a logical system is known as
organzing
what is the management proccess between managers and their subordinates
leading
what is a improving economy in the eyes of a business
a opportunity
what strategy focuses on how specific areas can achieve corporate goals
functional strategy
who sets strategic goals
top managers
what is the goal of a Strategy
its a outline to how the firm will meet its mission statement and goals
what is contingency planning
this is the focus on what might happen: preparing in advance for how the firm will respond to emergencies.
what was the HBR what makes a good leader about
the things that make leaders great
what are some examples from the HBR on what makes a great leader (6)
emotional intelligence, self awareness, self regulation, motivation, empathy, social skills
what are the three types of employee behaviours
performance behaviour, citizenship behaviour, counterproductive behaviours
what is the main driver (reasoning) for employee behaviour
personality traits
what are the 5 fundamental traits
agreeableness, conscientiousness, emotionally, extraversion
what is meant by preformance behaviour
this is behavoiurs that are directly tied to the job its self
what is meant by citizenship behaviours
behaviour that is not directly tied to the job but still effect the organization as a whole
what is meant by counterproductive behaviours
behaviours that go against the goals of the organization