Combo with ;GBA 5202 Module 1; and 5 others – Flashcards

Unlock all answers in this set

Unlock answers
question
Fundamental drivers of competitive advantage
answer
Speed, innovation, service, sustainability, cost competitiveness, quality
question
Effectively creating ____ requires full considering a new/challenging set of stakeholders and issues
answer
value
question
By _____ managers make sure the org resources are being used as planned and that the org is meeting its goals such as quality and safety
answer
controlling
question
Which of the four managerial functions are most necessary for managers to devote adequate attention and resources?
answer
Planning, organizing, leading, and controlling
question
Why is it important in a business career to be both a specialist and a generalist?
answer
Being a spec. provides specific skills that help you provide concrete, identifiable value to your firm and customers, generalist over time gives knowledge about a variety of business disciplines so you can think strategically with different perspectives
question
the key to success of a company is the _____ advantage the company holds and how well the company can sustain the advantage
answer
competitive
question
knowledge management supports ____ across boundaries
answer
collaboration
question
Frontline managers are AKA
answer
operational managers, supervisors, lower-level managers
question
traditional functions of management
answer
controlling, organizing, planning, leading
question
three essential skill categories include:
answer
technical, conceptual and interpersonal
question
Major waves of change that are part of the challenges of managing in the new competitive landscape
answer
globalization, importance of knowledge/ideas, collaboration across org boundaries, technological change
question
companies must realize the need to serve the _____ drives everything
answer
customer
question
the best managers achieve high performance by focusing on:
answer
efficiency and effectiveness
question
_____ is the effort to minimize the use of resources, esp those that are polluting/non renewable
answer
sustainability
question
____is the process of working with people and resources to accomplish org goals.
answer
management
question
____describes the monetary amount associated with how well a job, task, good, or service meet's users needs
answer
value
question
roles/ responsibilities of a successful manager
answer
focus on customers (internal/external), knowledge of all business functions, coordinate resources and do real work with lower people, accountable for results, think strategical, translate strategies into objectives
question
factors that drive successful performance for a company, ultimately leading to competitive advantage
answer
Quality, service, innovation
question
in order to improve better customer experience, Detroit institute of arts did:
answer
ID ways to customize services, ID ways to make experience more pleasant, analyzed types of customer interaction that occur in a museum
question
frontline managers are:
answer
lower-level managers who supervise operational activities of an org
question
organizing activities include
answer
marshalling/allocating resource, grouping jobs into work units, attracting ppl to org, specifying job responsibilities
question
A____exective would be responsible for overall management and effectiveness of the org
answer
top-level
question
_______ is the excellence of a product, whether its goods or services
answer
quality
question
a ______ skill is the ability to perform a specialized task that involves a certain method or process.
answer
technical
question
3 types of skills needed to be an effective manager?
answer
Conceptual/decision skills, tech skills, interpersonal/communication skills
question
____ is the intro of new goods/services
answer
innovation
question
qualities of total quality management
answer
preventing defects before they occur, achieving zero defects in manufacturing, operating with a philosophy of continuous improvement, designing products for quality
question
speed refers to fast and timely execution, response and_____of results
answer
delivery
question
what is the management function of specifying the goals to be achieved and deciding in advance the appropriate actions to achieve these goals?
answer
planning
question
practices aimed at discovering/harnessing an orbs intellectual resources are called:
answer
knowledge management
question
skills pertaining to the ability to ID and resolve problems for the benefit of the org and its members are called:
answer
conceptual and decision skills
question
to be _____ is to achieve org goals. to be____is to achieve goals with min. waste of resources
answer
effective; efficient
question
managers located in the middle layers of the org hierarchy, reporting to the top level execs are called
answer
mid-level managers. duh.
question
What are ways quality can be measured?
answer
product performance, conformance to standards, durability, customer service, aesthetics, reliability
question
role of knowledge management in successful innovation
answer
capitalize on ppls expertise, find intellectual assets of ppl, help ppl colloboate/learn, help ppl generate and develop ideas into innovation
question
over time, individuals should learn to be a _____, knowing enough about a variety of business disciplines so they can think strategically and work with different perspectives
answer
generalist
question
the management function of systematically making decisions
answer
planning
question
definition of controlling
answer
monitoring performance and making needed changes
question
helps a company gain a competitive advantage
answer
cost competitiveness, speed, quality, innovation, service
question
____means giving customers what they want or need, when they want it
answer
service
question
3 essential categories of skills for successful manager
answer
interpersonal/communication skills, technical skills, conceptual and decision skills
question
_____ is stimulating people to be high performers
answer
leading
question
cost _______ means keeping costs low enough so that the company can realize profit and price its products at levels that are attractive to the consumer.
answer
competitiveness
question
____is giving people what they want or need when they want it
answer
service
question
what is the role of knowledge management in modern business?
answer
help people generate new ideas, develop new ideas into successful innovations, help people collaborate and learn, find human assets
question
three essential skill categories are
answer
technical, interpersonal and conceptial
question
____ is the intro of new goods/services
answer
innovation
question
components of total quality management
answer
operating w/ philosophy of continuous improvement, preventing defects before they occur, achieving 0 defects, designing products for quality
question
assembling /coordinating human, financial, informational and other resources need to achieve goals is called_____
answer
organizing
question
ways that wal mart manages its workforce to increase cost competitiveness?
answer
computerized schedule based on store sales, transactions, units sold and customer traffic, schedule just enough workers, require employee flexibility
question
Cost Competitiveness involves:
answer
lowering costs to increase profits. Cost competitiveness means keeping costs low enough so that the company can realize profits and price its products (goods or services) at levels that are attractive to consumers.
question
Interpersonal and communication skills are sometimes known as:
answer
people skills. Interpersonal and communication skills influence the manager's ability to work well with people. These skills are often called people skills. Managers spend the great majority of their time interacting with people, and they must develop their abilities to lead, motivate, and communicate effectively with those around them.
question
The planning function for the new business environment is described as:
answer
delivering strategic value.The planning function for the new business environment is more dynamically described as delivering strategic value.Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals.
question
Which of the following is true of the common practices of successful executives?
answer
They take responsibility for decisions. Successful executives ask "What needs to be done?" not just "What do I want to do?"They take responsibility for decisions. This requires checking up, revisiting, and changing if necessary.
question
Which of the following occurs when a person rises higher in a company?
answer
Conceptual skills become more important than technical skills. Technical skills are most important early in a person's career. Conceptual and decision skills become more important than technical skills as one rises higher in the company. But interpersonal skills are important throughout one's career, at every level of management.
question
Which of the following is a characteristic of the management function of controlling?
answer
Monitoring performance and making necessary changes. The fourth function of management, controlling, monitors performance and implements necessary changes. By controlling, managers make sure the organization's resources are being used as planned and the organization is meeting its goals such as quality and safety.
question
Managers who have to create and articulate a broad corporate purpose with which people can identify, and one to which people will enthusiastically commit are known as:
answer
top-level managers. Traditionally, the role of top-level managers has been to set overall direction by formulating strategy and controlling resources. But now top managers are more commonly called on to be not only strategic architects but also true organizational leaders. As leaders, they must create and articulate a broader corporate purpose with which people can identify—and one to which people will enthusiastically commit.
question
______is one of the ongoing challenges that characterize the current business landscape.
answer
Technological change. The four ongoing challenges that characterize the current business landscape are globalization, technological change, the importance of knowledge and ideas, and collaboration across organizational boundaries.
question
The skills of understanding oneself, managing oneself, and dealing effectively with others is called:
answer
emotional intelligence. Businesspeople often talk about emotional intelligence, or EQ—the skills of understanding oneself (including strengths and limitations), managing oneself (dealing with emotions, making good decisions, seeking and using feedback, exercising self-control), and dealing effectively with others (listening, showing empathy, motivating, leading, and so on).
question
_____ means keeping costs low enough so that the company can realize profits and price its products at levels that are attractive to customers.
answer
Cost competitiveness. Cost competitiveness means keeping costs low enough so that the company can realize profits and price its products (goods or services) at levels that are attractive to consumers.If a firm can offer a desirable product at a lower price, it is more likely to sell.
question
Companies that want to grow often:
answer
tap into international markets where incomes are rising and demand is increasing.
question
One of the key activities of an operational manager is:
answer
creating and pursuing new growth opportunities for the business. Frontline managers, or operational managers, are lower-level managers who supervise the operations of an organization. One of the key activities of an operational manager is creating and pursuing new growth opportunities for the business.
question
Which of the following is true of the modern approach to quality?
answer
It focuses on preventing defects before they occur. W. Edwards Deming, J. M. Juran, and other quality gurus convinced managers to take a more complete approach to achieving total quality. This includes preventing defects before they occur, achieving zero defects in manufacturing, and designing products for quality.
question
Which of the following is one of the most important processes of knowledge management?
answer
Planning. One of the most important processes of knowledge management is to ensure that people in different parts of the organization collaborate effectively with one another. Collaboration across boundaries occurs within and even beyond the boundaries of the organization itself.
question
The goodwill stemming from one's interpersonal relationships is known as:
answer
Social capital. Social capital is the goodwill stemming from one's social relationships, and it can be mobilized on one's behalf. It aids career success, compensation, employment, team effectiveness, successful entrepreneurship, and relationships with suppliers and other outsiders.
question
A more complete approach to achieving total quality would include:
answer
achieving zero defects in manufacturing. W. Edwards Deming, J. M. Juran, and other quality gurus convinced managers to take a more complete approach to achieving total quality. This includes preventing defects before they occur, achieving zero defects in manufacturing, and designing products for quality. The goal is to solve and eradicate from the beginning all quality-related problems and to live a philosophy of continuous improvement in the way the company operates.
question
_____ workers are those who primarily contribute their ideas and problem-solving expertise.
answer
Knowledge. Workers whose primary contributions are ideas and problem-solving expertise are often referred to as knowledge workers. Managing these workers poses some particular challenges such as knowing if they are doing a good job.
question
Which of the following is characteristic of frontline managers?
answer
They are the link between management and non-management personnel.Frontline managers are directly involved with non-management employees, implementing the specific plans developed with middle managers. This role is critical in the organization because these operational managers are the link between management and non-management personnel.
question
Which of the following is considered as an interpersonal role?
answer
Monitor. One of the interpersonal roles required in a manager is liaison—maintaining a network of outside contacts who provide information and favors.
question
Products do not sell forever, and competitors are introducing new products all the time. Therefore, a firm must _____, or it will die.
answer
Innovate. A firm must adapt to changes in consumer demands and to new competitors. Products don't sell forever; in fact, they don't sell for nearly as long as they used to because so many competitors are introducing so many new products all the time. A firm must innovate, or it will die.
question
Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face of sinking market share, Pluto reduced its dependency on laptops by venturing into tablets and smartphones. This is an example of _____.
answer
Diversification.Diversification occurs when a firm invests in different types of businesses or products or when it expands geographically to reduce its dependence on a single market or technology.
question
Which of the following is a controllable environmental factor that can affect an organization?
answer
Cost leadership strategy. External factors that influence an organization are often uncontrollable. Examples include recession, government regulations, competitors' actions, and other factors. However, managers should not ignore controllable internal management issues.
question
Complexity and dynamism in the environment result in:
answer
environmental uncertainty.Environmental uncertainty means that managers do not have enough information about the environment to understand or predict the future. Uncertainty arises from two related factors: complexity and dynamism.
question
Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants?
answer
Competitive environment. The competitive environment is the immediate environment surrounding a firm. It includes suppliers, customers, rivals, new entrants, and substitute products.
question
Which of the following is an example of a cooperative strategy to influence the environment?
answer
Contractual marketing systems. In some situations, two or more organizations work together using cooperative strategies to influence the environment. An example of contracting occurs when suppliers and customers, or managers and labor unions, sign formal agreements about the terms and conditions of their future relationships.
question
Identifying the best-in-class performance by a company in a given area, such as customer service, and then comparing the process to one's own is called _____.
answer
benchmarking. Benchmarking means identifying the best-in-class performance by a company in a given area, say product development or customer service, and then comparing your processes to theirs.
question
Differences in the way people dress and act, their interactions with each other and with customers, and what qualities are expected and appreciated by their managers and company are examples of the _____.
answer
Organization culture. Organization culture includes the way people dress and behave, the way they interact with each other and with customers, and the qualities that are likely to be valued by their managers.
question
Mercury Inc. is a successful tea manufacturer. The company recently branched out and announced a series of unique tea-flavored biscuits that will soon be available across all supermarkets. Which of the following is Mercury trying to do in this case?
answer
domaine selection. Domain selection is the entrance by a company into another suitable market or industry with an existing expertise. For example, the market may have limited competition or regulation, ample suppliers and customers, or high growth.
question
According to Michael Porter's competitive environment model, high switching costs increases _____.
answer
the power of suppliers . Dependence on suppliers, and thus their power, results from high switching costs, the fixed costs buyers face if they change suppliers. For example, once a buyer learns how to operate a supplier's equipment, such as computer software, the buyer faces both economic and psychological costs in changing to a new supplier.
question
Why is understanding an organization's environment important?
answer
Without this understanding, organizations tend to miss opportunities or make poor decisions. If managers do not understand how the environment affects their organizations or cannot identify opportunities and threats that are likely to be important, their ability to make decisions and execute plans will be severely limited.
question
Which of the following is a characteristic of a strong culture?
answer
Everyone believing in the firm's practices. A strong culture is one in which everyone understands and believes in the firm's goals, priorities, and practices. In contrast to strong cultures, weak cultures have the following characteristics: different people hold different values, there is confusion about corporate goals, and it is not clear from one day to the next what principles should guide decisions.
question
Which type of culture is externally oriented and flexible, with a strategic emphasis on growth, new resource acquisition, and innovation?
answer
Adhocracy culture. An adhocracy is externally oriented and flexible. This culture type emphasizes change in which growth, resource acquisition, and innovation.
question
The internal environment includes:
answer
culture and climate. The internal environment includes a firm's culture, climate, and values. The external environment includes all relevant forces outside the organization's boundaries.
question
Which of the following is true of a company's response to societal trends?
answer
Responding to social trends can affect a company's reputation in the marketplace. How companies respond to social issues may also affect their reputation in the marketplace, which in turn may help or hinder their competitiveness. Societal trends regarding how people think and behave have major implications for management of the labor force, corporate social actions, and strategic decisions about products and markets.
question
Raw materials, services, equipment, capital, and information are _____ for an organization.
answer
inputs. Inputs are the goods and services organizations take in and use to create products or services. It includes raw materials, services, equipment, capital, and information.
question
When clothing retailers reduce prices to clear out last season's merchandise to make room for new inventory, they are _____.
answer
smoothing. At the end of each clothing season, retailers discount their merchandise to clear it out to make room for incoming inventories. This is an example of smoothing environmental cycles to level off fluctuations in demand.
question
Which of the following is a component of Porter's competitive environment?
answer
Suppliers. The competitive environment includes rivalry among current competitors and the impact of new entrants, substitute and complementary products, suppliers, and customers.
question
Which of the following is a dominant attribute of a hierarchical culture?
answer
Rules and regulations. The hierarchical culture is internally oriented by more focus on control and stability. It values stability and assumes that individuals will comply with organizational mandates when roles are stated formally and enforced through rules and procedures
question
Which of the following is a demographic factor of an organization's macroenvironment?
answer
Employees' age. Demographics are measures of various characteristics of the people who make up groups or other social units, such as the workforce. Work groups, organizations, countries, markets, and societies can be described statistically by referring to demographic measures such as their members' age, gender, family size, income, education, occupation, and so forth.
question
In competition, a substitute is best described as a(n):
answer
alternative to a product. A substitute is a potential threat; customers use it as an alternative, buying less of one kind of product but more of another.
question
types of control systems
answer
-clan -bureaucratic -market
question
balance sheet and profit and loss statement are 2 financial statements that
answer
help control org performance
question
control process order
answer
1.establish standards of performance, goals or targets against which performance is to be evaluated. 2. measure actual performance 3. compare actual performance against chosen standards 4. evaluate the result and initiate corrective action if the standard is not being achieved
question
______ systems will be ineffective if employees engage in tactics aimed at beating the system
answer
control
question
price charged for one business unit for a good or service provided by another unit within an org is called
answer
transfer price
question
key financial rations are calculated from selected items on:
answer
balance sheet P&L statement
question
focusing on short term earnings and profits at the expense of longer term strategy is known as
answer
management mytopia
question
a sales budget includes sales forecasts by:
answer
-sales area -product -month
question
control systems are an important method of constraining people's behavior and making their behavior predictable; however it can lead to
answer
dysfunctional behavior
question
ABC process requires
answer
-employees break down what they do each day -managers spread expenses over employee actions
question
budgetary control process
answer
-establishing expectancies -budgetary ops stage -reinforcing successes and correcting problems
question
types of bureaucratic control
answer
-concurrent -feedforward -feedback
question
when designing a control system managers should remember to
answer
use multiple types of control
question
______ involves culture, shared values, beliefs, expectations, and trust. it works best when employees are empowered to make decisions
answer
clan control
question
steps in the control process
answer
-comparing performance to the standard -taking action to correct problems -setting performance standards -measuring performance
question
Last step of control process
answer
to take appropriate action when there are significant deviations
question
performance level inside an org can be measure using which of the following?
answer
-personal observations -oral reports -written reports
question
balance sheet itemizes
answer
-assets -stockholder's liability -stockholder's equity -liability
question
in large, diversified firms, ____ are used to regulate independent business units
answer
market controls
question
2 effects on pricing that occur as the result of using market controls
answer
-price becomes an indicator of the value of the good -price helps regulate productivity and performance
question
effective_____ maximize potential benefits and minimize dysfunctional behaviors
answer
control systems
question
3 types of control systems
answer
-market -bureaucratic -clan
question
____ any process that directs the activities of individuals toward the achievement of org goals
answer
control
question
a cash budget shows:
answer
-whether external financing is req' -anticipated receipts and expenditures -amount of cash available -working capital available
question
___ is one of the most widely recognized and commonly used methods of managerial control
answer
-budgetary control
question
info req for a production budget includes
answer
-types and capacities of machines -economic quantities to produce -availability of materials
question
balanced scorecard comprises which of the following sets of performance measures?
answer
-learning/growth -financial -customer satisfaction -business processes
question
firm's capital budget
answer
-equipment -plant or buildings
question
concurrent control is used at which stage of the process of transforming inputs into furnished goods and services?
answer
while plans are being carried out
question
effective control system
answer
-standards should be objective -expressed in quantitative terms -not capable of sabotage -should incorporate all important performance aspects
question
the ___ states that control enhanced by concentrating on the exceptions to, or significantly deviations form, the expected result or standard
answer
principle of exception
question
can be evaluated during a company's internal audit?
answer
-production efficiency -sales effectiveness -financial stability -earnings growth -energy use
question
managers should consider three types of potential employee responses to control including
answer
rigid bureaucratic behavior -resistance to control -tactical behavior
question
freeforward control is used at which stage of the process of transforming inputs into finished goods and services?
answer
input
question
feedback control is used at which stage of the process of transforming inputs into finished goods and services?
answer
output
question
an effective control system must be based on ___ performance standards
answer
-valid and accurate
question
the ___budget is used for areas of the org that incur expenses but no revenue, like HR
answer
cost
question
control system should emphasize_____ rather than focusing on controlling negative behavior alone
answer
positive behavior
question
allowing people to initiate their own corrective action encourages self-control and reduces the need for outside supervision.
answer
open book management
question
market controls involve the use of______ forces
answer
economic
question
____ is the process of finding out what's being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences
answer
budgetary control
question
the balanced scorecard incorporates elements of feedforward, concurrent, and ____ control
answer
feedback
question
____ helps an organization identify streams of activity and allocate costs according to time spent on particular activities
answer
activity based costing
question
type of control system that depends on pricing mechanisms and economic info to regulate activities within an org is known as a
answer
market control
question
the ____ shows a financial picture of a company at a given time
answer
balance sheet
question
In order to eval an orgs effectiveness, a manager might conduct
answer
-external audit -internal audit
question
a ______ control system is designed to measure progress toward performance goals and corrective measures, if necessary
answer
bureaucratic
question
a bureaucratic control system works best______
answer
when tasks are certain and workers are independent
question
effective control system should accomplish which of the following two goals?
answer
minimize dysfunctional behaviors -maximize potential benefits
question
which of the following is an example of communication
answer
-when employees participate in decision making -when employee report deviation in production -when employees give feedback
question
____ ties together feedforward control, concurrent control and feedback control at the point at which it is applied
answer
budgetary control
question
analysis for an external audit can include:
answer
-discovering the strengths and weakness of a competitor -determining the soundness of potential supplier -investigating other orgs for possible merger or acquisition
question
performance standards are set with respect to:
answer
-time used -cost -quantity -quality
question
types of issues that can be avoided with feedforward for of policies
answer
-public disclosure of corp info -workplace romance -tattoos/body art
question
when you compare performance with standard, and only pay attention to the deviation___ has occurred
answer
principal of exception
question
budget begins with an estimate of
answer
-sales -expected income
question
feedforward control is used at which stage of the process of transforming inputs into finished goods and services
answer
input
question
triple bottom line
answer
-financial performance -environmental impact -impact on employees and communities where company operates
question
what are reasons control systems based solely on bureaucratic and market mechanisms are insufficient for directing today's workforce?
answer
-employment relationship has changed -nature of management has changed -employees jobs are more complex
question
if managers use too much____, they can reduce the level of learning
answer
standardization
question
standard is a target that an org uses to
answer
-benchmark actual performance -establish a desired performance level -motivate performance among employees
question
assets are equal to liabilities plus
answer
stockholder's equit
question
leverage ratio that indicates the company's ability to meet its long term financial obligations?
answer
debt equity
question
the most common liquidity ratio is called:
answer
-current ratio
question
a manager designing a control system should evaluate the terms in three questions
answer
-does it provide enough info to each part of org about how other parts of the company are functioning? -proved people with data relevant to decisions they need to make? -provide the right amount of info to decision makers throughout the org?
question
a culture that makes it difficult to adapt to a changing environment results from______
answer
-close supervision -hierarchal authority
question
T/F market controls such as transfer prices provide natural incentives to keep costs down and quality up
answer
true mother ****er
question
control that helps managers deal with problems as they are occurring
answer
concurrent
question
the amount accruing to the corps owners is known as
answer
stockholder's equity
question
____ ratios show the relative amount of fund in the business supplied by creditors and shareholders
answer
leverage
question
_____ ratios indicate a company's ability to pay short term debts
answer
liquidity
question
balance sheet itemizes three elements ___, liabilities, and stockholder's equity
answer
assets
question
The activity-based costing approach results in:
answer
spreading costs over activities according to the time spent on each.
question
Bureaucratic control deals with:
answer
rules and regs
question
_____ is designed to reduce defects in all organization processes—not just product defects but anything that may result in customer dissatisfaction.
answer
six sigma
question
_____ is the fee charged by one unit for a good or service provided to another unit within the organization.
answer
transfer price
question
A common disadvantage of _____ control is the long time lags that often occur between performance and review, slowing down managerial response.
answer
feedback
question
When an organization investigates several companies as potential new suppliers, it is conducting a(n) _____ audit.
answer
external Any company can conduct external audits of competitors or other companies for its own strategic decision-making purposes. This type of analysis (1) investigates other organizations for possible merger or acquisition, (2) determines the soundness of a company that will be used as a major supplier, or (3) discovers the strengths and weaknesses of a competitor to maintain or better exploit the competitive advantage of the investigating organization.
question
_____ ratio is a leverage ratio that indicates a company's ability to meet its long-term financial obligations.
answer
debt equity
question
_____ has become an essential part of clan control because employees' jobs, the nature of management, and the employment relationship have all changed.
answer
Empowerment
question
_____ control systems are designed to measure progress toward set performance goals, and if necessary, to apply corrective measures to ensure that performance achieves managers' objectives.
answer
Bureaucratic
question
To increase the likelihood that employees will accept a control system, it should have performance standards that are:
answer
useful and achievable
question
A balance sheet shows the financial picture of a company at a given time and itemizes assets, liabilities, and _____.
answer
stockholder's equity
question
The principle of _____ states that only cases with significant deviation from the standard require corrective action, and that managers need not be concerned with performance that equals or closely approximates the expected results.
answer
exception
question
_____ refers to focusing on short-term earnings and profits at the expense of longer-term strategic obligations.
answer
management mytopia
question
Which of the following is typically considered part of a firm's capital budget?
answer
equipment
question
Which of the following types of control systems depends on pricing mechanisms and economic information to regulate activities within an organization?
answer
market control
question
_____ ratios indicate management's ability to generate a financial return on sales or investment.
answer
profitability
question
Which of the following should be the subsequent step in a typical control process after setting performance standards?
answer
measuring performance
question
A frank and open-minded discussion of four basic questions aimed at continuous improvement is referred to as a(n) _____.
answer
AAR
question
When legal experts advise companies to establish policies forbidding disclosure of proprietary information, they are exercising _____ control.
answer
feedforward
question
two types of stretch goals are
answer
-vertical -horizontal
question
3 needs ID'd by McClelland are critical to motivating people
answer
-achievement -power -affiliation
question
job _____ involves giving people additional tasks at the same time
answer
enlargement
question
according to hackman and oldham model of job design, positive outcomes occur when people experience positive psychological states which are
answer
-knowledge of actual results of work activities -experienced responsibility for outcome of work -experienced meaningfulness of the work
question
Maslow;s need heiracrchy
answer
-social -safety -ego -self actualization -physiological
question
process of sharing power with employees is called
answer
empowerment
question
to be effective managers must motivate people to:
answer
-remain in the organization -come to work regularly -join the org
question
to discourage behavior, _____may be used
answer
punishment
question
broad categories that affect people working on their jobs according to herbergs theory
answer
-motivators -hygiene factors
question
____ refers to the perceived likelihood that performance will be followed by a particular outcome
answer
-instrumentality
question
a ____ reward if a reward that the person derives directly from performing the job itself
answer
intristic
question
ways people can restore equity when they feel they are being treated inequitably
answer
-reduce their inputs by giving less effort -performing at lower levels or quitting -ask for a raise -work harder or put forth more effort
question
managers must motivate people to
answer
-join the org -remain in the org -come to work regularly -perform -exhibit good citizenship
question
according to _____ people must satisfy their needs from bottom to top of the hierarchy
answer
maslow
question
ways to empower employees
answer
-providing more access to resources -increasing authority at all levels -allowing independent judgement
question
what must take place in order for a firms reward system to support the firms strategy?
answer
-employees rewarded for building new skills that are critical to strengthening core competencies -are rewarded for creating value -rewarded for developing themselves strategically important ways
question
Herzberg's two-factor theory describes people's work_____ and satisfaction
answer
motivation
question
____ is a human needs theory--people have 3 basic sets of needs that can operate simultaneously
answer
alderfer's ERG theory
question
impacts of empowerment on employees
answer
-feel capable of performing their jobs with skill -perceive meaning in their work -sense of self determination
question
goal-setting theory is what type of theory?
answer
motivation
question
2 key factors that people use to assess how fairly they have been treated are_____
answer
-outcomes -inputs
question
a set of perceptions of what an employee owes their employer and what their employer owes them is called a ______
answer
psychological contract
question
herzberg made several contributions to understanding motivation. ID those
answer
-set stage for hackman/oldham theory -highlighted the distinction between extrinsic and intrinsic rewards -reminded managers not to count solely on extrinsic rewards to motivate workers
question
consequences of work life programs
answer
-better health -netter attitudes -better business performance
question
ways to offer feedback to employees on their performance
answer
-providing statistics on work that the employee directly influenced -by conducting performance reviews regularly
question
accurate descriptions of new psychological contract
answer
-company will keep providing about the same pay with small increases -company will provide job if it can -employees will need to do their own jobs as well as extra work when others are downsized
question
fear causes people to do?
answer
-focus on themselves rather than the group or org -focus on short term
question
a theory proposing that people will behave based on their perceived likelihood that their effort will lead to a certain outcome and how highly they value that outcome, is called the______
answer
expectancy theory
question
which theory suggest that there are three universal needs: existence, relatedness, and growth which constitute a hierarchy of needs and motivate behavior
answer
erg
question
provide inartistic motivation
answer
-freedom to pursue interesting tasks -a challenging problem -a chance to create something new
question
the ____ theory states that people assess how fairly they have been treated according to two key factors: outcomes and inputs
answer
equity
question
in order to motivate employees, managers should help create a workplace that provides which of the following?
answer
-resources -challenging assignments -training -autonomy -responsibility
question
the____ has to support the firm's strategy, defining people' performance in ways that pursue strategic objectives
answer
reward system
question
broad factors that affect people working on their jobs according to herzberg
answer
-motivators -hygiene factors
question
implications of expectancy theory
answer
-managers need to make performance instrumental toward positive outcomes -managers need to increase expectancies -need to POSITIVELY ID valiant outcomes
question
impact of procedural justice can differ by culture, impact is strongest amongst nations characterized by
answer
-uncertainty avoidance -femininity -individualism
question
the application of reinforcement theory in org settings is called
answer
org behavior modification
question
herzberg motivator hygiene theory highlights the distinction between _____ and _____
answer
-extrinsic -instrinsic
question
leverage point that addresses providing employees with a work environment that facilitates good performance is known as
answer
increasing expectations
question
true about feedback at work
answer
it's up to me to get feedback i need -learning what i need to know about myself will help me ID needs and create new opportunities -i need to know things about my performance and behavior -taking initiative on this gives me more power and influence over my career
question
when managers want employees to continue performing certain behaviors they use
answer
-positive reinforcement -negative reinforcement
question
Maslow's human motivation
answer
-ID importatant needs -helpful general levels of needs where lower levels must be satisfied before higher levels -alerted managers to importance of personal growth/self actualization
question
according to equity theory, people compare the ration of their own outcomes to inputs against ___
answer
outcome to input ration of a comparision other
question
accurate descriptions of new psych contract
answer
-employees will need to do their own jobs as well as extra work when others are downsized -company will keep providing same pay with small increases periodically company will provide job if it can
question
employees with a ____locus of control tend to attribute results to luck or fate
answer
external
question
first two consequences, + and - reinforcement are + for the person receiving them, the last two, punishment and extinction are?
answer
Negative
question
costs usually __ in the short term when empowerment is implemented
answer
increase
question
motivational theory that builds on, but differs from mallow's theory is called
answer
Aldeferer's erg theory
question
internationally....
answer
managers in japan are more motivated by security
question
SMART
answer
-specific -measurable -achievable -results based -time specific
question
job ____ is intended to alleviate boredom by giving people different things to do at different times
answer
rotation
question
law of effect laid the foundation for countless investigations into the effects of positive consequences called
answer
reinforcers
question
____ is the completion of a while, identifiable piece of work
answer
task identity
question
job ____ means that jobs are restructured by adding higher levels of responsibility
answer
enrichment
question
Implication of the expectancy theory
answer
-need to make performance instrumental toward positive outcomes -need to positively ID valiant outcomes -increase expectancies
question
brown flynn employees felt motivated bc the company offered them challenges, leadership opportunities and
answer
mutual respect
question
the need for____ reflects a strong desire to be liked by other people
answer
affiliation
question
2nd belief described by expectancy theory is known as___. this is the perceived likelihood that performance will be followed by a particular outcome
answer
instrumentality
question
_____ is a consequence a person receives for his/her actions
answer
outcome
question
_____ is the degree to which individuals want personal and psychological development
answer
growth need strength
question
____ is the value an outcome holds for the person contemplating it
answer
valence
question
____ is the value the person places on the outcome
answer
valence
question
the fundamental processes that influence the motivation of all people are described by goal setting, reinforcement and ____ theories
answer
expectancy
question
the ___ theory describes how a person's work efforts lead to a level of work performance
answer
expectancy
question
the hackman and oldham model offers insight into ____ as a way to motivate workers
answer
job design
question
The use of reinforcement or punishment in organizational settings is an integral part of:
answer
organizational behavior modification.
question
Job enrichment would be more successful for people with:
answer
high growth need strength.
question
A psychological contract is described as:
answer
a set of perceptions of what employees owe their employers, and what their employers owe them.
question
Following Herzberg's model, Hackman and Oldham proposed a more complete model of _____.
answer
job design
question
According to Maslow's hierarchy of needs, which of the following needs would one seek to satisfy first?
answer
physiological
question
_____ performance goals can be dysfunctional when people work in a group if the goals create competition among team members.
answer
individual
question
Which of the following is one of the eight categories of quality of work life programs?
answer
Fair compensation
question
Harry has been promoted because of his hard work. Judy, his colleague, feels that it is unfair and that he does not deserve the promotion. In this case, Judy illustrates _____.
answer
negative valence
question
Which of the following best describes extinction?
answer
It refers to withdrawing or failing to provide a reinforcing consequence.
question
Motivation for employees can come from an interesting project, a completed sale, or the discovery of a perfect solution, all of which are examples of:
answer
intrinsic rewards.
question
The goal-setting theory states that:
answer
people have conscious goals that energize them and direct their thoughts and behaviors toward a particular end.
question
Targets that are particularly demanding and sometime even thought to be impossible are known as _____ goals.
answer
stretch
question
Herzberg's two-factor theory highlights the distinction between:
answer
intrinsic and extrinsic rewards.
question
Which of the following best describes motivation?
answer
Forces that energize, direct, and sustain a person's efforts
question
Key beliefs in the expectancy theory include expectancy and _____.
answer
instrumentality
question
According to the expectancy theory, _____ is the link between performance and outcome.
answer
instrumentality
question
According to McClelland's needs theory, the need for _____ involves a strong desire to be liked by other people.
answer
affiliation
question
Rachel has been exceeding her targets for the past two months, and therefore her boss decided to give her a bonus. This is an example of _____ reinforcement.
answer
positive
question
A person can restore _____ in a number of ways by behaviorally or perceptually changing inputs and outcomes.
answer
equity
question
approach that focuses on individual leaders and attempts to determine the personal characteristics that great leaders share is called the____ approach
answer
trait
question
participative leadership behaviors are appropriate when
answer
people have an internal locus of control
question
Hershey and Blanchards situational theory states that before deciding whether task performance or maintenance behaviors are important, managers should consider an employees
answer
-psychological maturity -job maturity
question
Manager behavior
answer
-establish/implement org procedures -accountable for goal accomplishment
question
leader behavior
answer
-develop visions for orgs -provide meaning/purpose for employees
question
2 key situations factos in path-goal theory are personal characteristics of ____, and the environmental pressures and demands they must cope with
answer
followers
question
_____ decision making is when managers involve their employees in making decisions
answer
participative
question
According to Fiedler, which 3 of the following determine the favorability of a situation
answer
-position power -task structure leader-member relations
question
Leader-Member Exchange, LMX theory highlights the importance of leader behaviors towards individuals T/F
answer
True
question
reasons visions can be inappropriate
answer
-ignore stakeholders needs -may not reflect current environment of the org -reflect leaders personal needs
question
effective leaders must articulate and clearly _____ an org's vision
answer
communicate
question
if an employee is an independent thinker, who works best when left alone, it is counterproductive to use____leadership behaviors to instruct that employee
answer
directive
question
_____ performance behaviors are actions taken to ensure the work group or org makes a profit
answer
task
question
behavioral approach to leadership attempts to ID
answer
what leaders do
question
managers who were high on maintenance behaviors had____
answer
-fewer grievances from their employees -less turnover
question
most effective followers are capable of ____ thinking
answer
independent
question
effective leasers must point the way and clear the path so others can_____
answer
succeed
question
3 key characteristics of path-goal theory?
answer
-authoritarianism -locus of control -ability
question
the ___ model of leadership emphasizes how leaders go about making decisions
answer
vroom
question
a leader who makes subs aware of the importance of their jobs and performance to the org and their needs for growth and motivates them to work for the good of the org is a ___ leader
answer
transformational
question
path-goal theory, 3 functions of a leader are to
answer
-increase opps for personal satisfaction -reduce barriers to goal attainment -provide coaching and direction
question
fielder used term "leader style" to refer to the characteristic approach of a manager toward leadership.
answer
-task oriented -relationship oriented
question
T?F path-goal is concerned with how leaders influence follower's perceptions of their work goals and the paths they follow toward goal attainment
answer
true
question
____ leaders give purpose and meaning to orgs
answer
strategic
question
___ leadership seeks info, opinions and preferences to make a decision
answer
democratic
question
____ is the ability to influence other people in an org is defined as:
answer
power
question
exemplifies transformational leader?
answer
-jeff bezos -lee lacocca
question
group maintenance is one of the categories of the ___ approach
answer
behavioral
question
directive leadership is appropriate when followers
answer
-have low abilities -are authoritarian
question
it is equally important for managers to follow as it is for them to___
answer
lead
question
when leaders vary their behavior to meet the needs of the specific situation, they are practicing the:
answer
situational approach to leadership
question
which of the following are methods successful leaders have used to develop their leadership skills?
answer
-attending seminars on skill development -observing methods and skills of their managers -learning from their mistakes -reading leadership and professional development books
question
which of following methods successful leaders have used t develop their leadership skills?
answer
-attending seminars on skill development -observing methods and skills of their managers -learning from their mistakes -reading leadership and other professional books
question
transformational leadership theory emphasizes influencing followers through:
answer
-intellectually stimulating subordinates -being a charismatic leader -engaging in developmental consideration
question
what do outstanding leaders have that provides direction, and the inspiration to move the org toward it?
answer
a vision
question
_____ leadership involves making decisions and announcing them to the group
answer
autocratic
question
leaders have ____ power as a result of subordinate and coworker respect, admiration and loyalty
answer
referent
question
group maintenance behaviors are taken to ensure the satisfaction of group members, develop and maintain harmonious work relationships, and
answer
-preserve the stability of the group
question
according to path-goal theory, which of the following statements regarding the importance of follower characteristics is/are true?
answer
-ability is peoples beliefs about their abilities to perform their jobs -authoritarianism is the degree to which individuals defer to authority -locus of control is the extent to which people believe they can affect their environment
question
which is NOT an important skill or strategy that contributes to effective transformational leadership?
answer
command respect
question
authentic leaders posses which of the following characteristics?
answer
-trustworthiness -honesty -reliability -genuineness -integrity
question
5 sources of leadership
answer
-expert -legitimate -coercive -referent -reward
question
following acts of courage are required for a leader to fulfill his vision?
answer
-persisting despite resistance -saying what needs to be said to those that need to hear it -seeing things as they are and facing them head on
question
among the 1st to acknowledge and explain that leadership effectiveness is reliant on both the situation and the person and why a leader is effective in one situation and ineffective in another is fielders__model of leadership
answer
contingency
question
managers' ability to control the valued rewards is using their____power
answer
reward
question
path-goal theory, 4 pertinent leadership behaviors are
answer
-achievement -supportive -directive -participative
question
______ leadership seeks info, opinions, and preferences to make a decision
answer
democratic
question
the essence of a ___- leader is having a vision and enthusiastically communicating it to others. a quiet and earnest person as well as the larger than life type of person can portray this quality
answer
charismatic
question
personal characteristics of ____ and environmental pressures are two facts that determine which leadership behaviors are most appropriate in the path-goal theory
answer
followers
question
according to ohio state studies, effective leaders should exhibit _____
answer
high levels of maintenance and high levels of performance behaviors
question
ways a leader's vision can contribute to org
answer
-necessary for effective leadership -can be developed across org -helps develop leaders within org
question
according to hershey and blanchard, the key factor of situational theory is the ____ of the followers
answer
maturity
question
a vision expresses the leader's ____ for the organization
answer
ambitions
question
4 skills/strategies that contribute to transformational leadership
answer
-having a vision -postitive self regard -communicating the vision -building trust
question
manager's ability to punish others is their ____ power
answer
coercive
question
how a leader behaves influences people's ____ and performance
answer
attitudes
question
T/F Leaders who pursue their own interests and ignore their follower's real needs are said to be pseudotransformational
answer
true
question
in exhibiting group maintenance behaviors, the goal is to preserve the __of the group
answer
stability
question
_____ leadership provides guidance and support for day-to-day activities
answer
supervisory
question
effective followers are
answer
-capable of independent thinking -actively committed to the org
question
a _____ leader is someone whose main purpose is to work for the benefit of others
answer
servant
question
leadership assessment is info about both your current levels of performance and
answer
your primary development needs
question
when a substitute for leadership is present, a manager is free to use time to find new
answer
ways to improve org effectiveness and efficiency
question
effective leaders have a high level of ______ about their business and technical matters
answer
knowledge
question
the best visions are both unique and convey an
answer
ideal
question
traditional approaches to leadership include which of the following?
answer
-behavioral -trait -situational
question
outstanding leaders combine good strategic substance and effective interpersonal processes that produce:
answer
-sustainable competitive advantage -results
question
formal/informal support is important to leaders because it helps them to
answer
-handle struggles -stay the course
question
participative behavior is esp helpful when___ is needed
answer
subordinate support of a decision
question
leadership motivation
answer
-need for power -desire to lead
question
actions taken to ensure the satisfaction of group members are___behaviors
answer
group maintence
question
personality characteristics of drive
answer
-high levels of energy -initiative -persistence in the dace of adversity -high need for achievement -ambition
question
psychological maturity is defined as an employee's self-___ and self-____
answer
-respect -confidence
question
to being developing your personal leadership style you should:
answer
-become competent in your chosen field -establish credibility -learn from your mistakes
question
following experiences you should seek in developing your personal leadership style?
answer
-challenging assignments -overcome ideas and deals that failed -exposure to positive role models
question
5 key behaviors that people want and need from their leaders according to kouzes and posner
answer
-create change by challenging the process -model the way -empower others -encourage the heart -inspire a shared vision
question
important for leaders to posses self confidence in order to
answer
-overcome obstacles -make decisions despite uncertainty -instill confidence in others
question
contemporary leadership approaches
answer
-authentic -charismatic -transformational
question
formal or informal support is important to leaders because it helps them to
answer
-stay the course -handle struggles
question
shared leadership is characterized by the rotation of people through the leadership role based on which person has ___-
answer
the most relevant skills
question
a combination of strong professional will and humility that builds enduring greatness describes ____ leadership
answer
level 5
question
a leader that leads interdepartmental cooperation is an____ leader
answer
intergroup
question
leadership behavior such as trust, open communication, mutual respect, mutual obligation, and mutual loyalty all work to improve relationships according to the ____ theory
answer
leader member exchange
question
three components must be present in effective developmental experiences, assessment, challenge, and
answer
support
question
a style in which the leader is true to himself is
answer
authentic
question
appropriateness of democratic leadership depends on the characteristics of leaders, the followers and
answer
the situation
question
effective followers are valuable to orbs because they
answer
master skills that are useful
question
characteristics of relationship oriented behavior
answer
-friendly/considerate -showing appreciation -setting org goals -demonstrating trust/confidence -keeping people informed
question
external locus of control means that whatever happens is a result of
answer
luck/fate
question
maintenance behaviors are most important for followers with___ levels of maturity
answer
moderate
question
task-oriented behaviors include planning, scheduling, coordinating, providing resources, and ____
answer
setting performance goals
question
the absence of managerial decision making is known as___leadership
answer
laissez-faire
question
the level of a follower's skills is known as___ maturity, and his self confidence is psychological maturity
answer
job
question
the performance and maintenance behaviors of leadership are ____ each other.
answer
independent of
question
Phil is an interior designer with 12 years of experience. In the firm he works, new people go to him for instructions or advice. In this scenario, Phil clearly has _____ power
answer
expert
question
According to Tannenbaum and Schmidt's classic Harvard Business Review article, managers should consider three factors before deciding how to lead: forces in the manager, forces in the subordinate, and forces in the _____
answer
situation
question
Which of the following leadership perspectives attempts to identify what good leaders do?
answer
Behavioral approach
question
As one of the developmental experiences that individuals should seek, assignments involve:
answer
building something from nothing.
question
_____ leadership behavior provides guidance, support, and corrective feedback for day-to-day activities.
answer
Supervisory
question
_____ concerns how leaders influence subordinates' perceptions of their task objectives and the way they work toward attainment of those objectives.
answer
Path-goal theory
question
A leader who exhibits a(n) _____ style will make decisions alone, without soliciting input from others.
answer
autocratic
question
Which of the following best describes pseudotransformational leaders?
answer
Leaders who talk a good game, but ignore followers' real needs as their own self-interests take precedence.
question
_____ leaders are those who motivate people to transcend their personal interests for the good of the group.
answer
Transformational
question
Which of the following is a situational model that focuses on the participative dimension of leadership?
answer
The Vroom model
question
Three general categories of leadership behavior are related to group maintenance, employee participation in decision making, and _____.
answer
task performance
question
_____ behaviors refer to actions taken to ensure the satisfaction of team members, develop and maintain harmonious work relationships, and preserve the social stability of the group
answer
Group maintenance
question
Which of the following is a key behavior of the best leaders according to Kouzes and Posner?
answer
Inspire a shared vision The best leaders use a set of five key behaviors identified by James Kouzes and Barry Posner, two well-known authors and consultants, which are (1) challenge the process, (2) inspire a shared vision, (3) enable others to act, (4) model the way, and (5) encourage the heart.
question
_____ leadership does not involve a hierarchical, superior-subordinate relationship but instead invites colleagues at the same level to solve problems together
answer
Lateral
question
Katana is using a leadership model to help her decide how to approach a current business problem. The model is funnel-like, where she looks at successive problem characteristics such as significance, importance of commitment, and leader and team expertise. Answering high or low to these, she will end up with the most efficient and appropriate decision style for this problem. Katana is using _____.
answer
the Vroom model of leadership The Vroom model operates like a funnel. Individuals answer the questions one at a time, choosing high or low for each, sometimes skipping questions as they follow the appropriate path. Eventually they reach one of 14 possible endpoints. For each endpoint, the model states which of five decision styles is most appropriate. Several different decision styles may work, but the style recommended is the one that takes the least time.
question
Muriel has taught at a public elementary school for six years, and every year she simply gets the raise given to all of the teachers at her school, regardless of her performance. She has spoken to the principal about this, and has been told that it is based on the current union contract wherein job performance is not currently considered in awarding raises. Here the union contract limits the principal's _____.
answer
reward power
question
_____ is a leadership philosophy characterized by an absence of managerial decision making.
answer
Laissez-faire
question
Managers can spend less time in direct attempts to influence people when:
answer
substitutes for leadership are operating.
question
Which of the following statements is true of an organization's vision?
answer
The best organizational vision is that which is both ideal and unique.
question
Differentiation
answer
means that the organization is composed of many units that work on different kinds of tasks, using different skills and work methods
question
Integration
answer
means that these differentiated units are put back together so that work is coordinated into an overall product
question
Division of labor
answer
means the work of the organization is subdivided into smaller tasks. Various individuals and units throughout the organization perform different tasks
question
Specialization
answer
refers to the fact that different people or groups often perform specific parts of the larger task.
question
Which is true about matrix organizations
answer
-employees have two bosses -its a hybrid for of organization -functional and divisional forms overlap
question
Effective delegation
answer
-define the goal succinctly -select the person for the task -solicit the subordinate's views about suggested approach -give the subordinate the authority, time, resource -schedule checkpoints for reviewing progress -follow through by discussing progress at appropriate intervals
question
top______ _____ typically are composed of the CEO, CFO, COO, president, and other key executives
answer
management team
question
randal robinson works within the field of research and development (R) for MNOP Corporation. Therefore, Randal works for a _______ department, rather than a line of department
answer
staff
question
three basic approaches to departmentalization
answer
-matrix -functional -divisional
question
A ______ organization departmentalizations its units around products, customers, or geographic regions
answer
divisional
question
which organizational structure is composed of dual reporting relationships in which some managers report to two superiors
answer
Matrix
question
units that deal directly with the organization's primary goods and services are referred to as:
answer
line departments
question
the number of subordinates that report directly to a manager is known as the managers___of____
answer
span; control
question
what depicts the positions in the firm (reporting structure) and the way they are arranged? (division of labor)
answer
organization chart
question
corporate____is a term describing the oversight of the firm by its executive staff and board of directors
answer
governance
question
a divisional organization departmentalizes its units around:
answer
-products -geographic regions -customers
question
_____ departments are those that have responsibility for the principal activities of the firm
answer
line
question
_______ means that a person is assigned a task that he/she is supposed to carry out
answer
responsibility
question
Top Management team
answer
CEO, CFO, President
question
_____ constrains actions and integrates various units by regulating what people do
answer
standardization
question
In a ____ organization, departments are specialized and grouped according to business functions and the skills
answer
functional
question
legitimate right to make decisions and tell people what to do?
answer
authority
question
three broad levels of the organizational pyramid are commonly called the
answer
hierarchy
question
disadvantages of the matrix structure?
answer
-manager jockeying for power -dual bosses -difficulty with accountability
question
the____organization is a collection of independent, mostly single-function firms that collaborate to produce a good or service
answer
network
question
____ departments support the line departments by providing specialized/professional skills
answer
staff
question
Coordination methods
answer
-coordination by standardization -by mutual adjustment -plans
question
an organization with departmentalization around specialized activities is called a ____ org
answer
functional
question
when middle managers give orders to first line supervisors direct operative-level workers this exemplifies
answer
authority
question
when decision making is spread throughout an organization it is considered highly
answer
decentralized
question
which of the following statements are true about an organization chart?
answer
-depicts level of authority/responsibility to assigned positions in the company -provides a picture of the reporting structure of a company -depicts the arrangement of positions in a company
question
procedures that link the various parts of the org for the purpose of achieving the org's overall mission are called
answer
coordination
question
a collaborative process, in which the manager and participants develop a shared sense of ownership for the work they are doing, will generate better
answer
-participation in the project -commitment to the outcomes -ideas for the project
question
this concept refers to issues pertaining to authority within an organization, the board of directors, the CEP, and hierarchical levels
answer
vertical integration
question
which of the following statements apply to the role of integration in an organization as it relates to the completion of tasks?
answer
-recommended for highly differentiated and complex companies -structured mechanisms to enhance collaboration/coordination -activities formed to link the work of different units
question
techniques managers can use to reduce the need for information
answer
-create self contained tasks -create slack resources
question
coordination methods
answer
-mutual adjustment -planning -standardization
question
generally, people at higher levels in the organization have ______ to make decisions and tell lower level people what to do
answer
authority
question
in a _______ organization, departments are specialized and grouped according ti business functions and the skills they require
answer
functional
question
which of the following are reasons why organization are moving to a flatter organization structure with fewer layers.
answer
-fast-acting -cost-effective -more efficient
question
an organization with departmentalization around specialized activities, such as production, marketing, or human resources is called a ________ organization
answer
functional
question
which of the following are horizontal processes that may be used to increase the org's info processing capability as uncertainty increases
answer
-liaison roles -task forces/team -direct contact
question
which of the following are advantages of the functional approach to departmentalization
answer
-monitoring of the environment is more effective -performance standards are better maintained -economies of scale are realized
question
advantages of matrix organizations?
answer
-higher demand of flexibility -higher degree of adaptability
question
managers can reduce the need for information by creating ______ resources and self-contained ______
answer
slack, tasks
question
shortcomings of the functional form except:
answer
decision making and lines of communications are single
question
which of the following are disadvantages of product departmentalization
answer
-duplication of effort -it's difficult to coordinate across product lines and divisions
question
when middle managers give orders to first-line supervisors and first-line supervisors direct operative level workers, this exemplifies:
answer
authority
question
elements of a traditional org chart?
answer
-boxes representing the work performed in each unit -title in boxes representing the work performed in each unit -levels of management indicating the number of horizontal layers in the chart
question
structural differentiation is created through which of the following?
answer
-job specialization -division of labor
question
this concept refers to issues pertaining to authority within an organization, the board of directors, the CEO and hierarchical levels
answer
vertical differentiation
question
Coordination by______ allows interdependent units to modify and adapt their actions as long as they meet the deadlines /targets required for working with others
answer
plan
question
the degree to which differentiated work units work together and coordinate their efforts is called_____
answer
integration
question
advantages of the product approach to departmentalization
answer
- info needs are manged more easily -people have a full time commitment to a particular product line -task responsibilities are clear
question
a firm wishing to be a true ______ should have people who engage in disciplined thinking
answer
learning organization
question
an organization where job holder's responsibilities increase as need arises and communication occurs through advice and information has ______ structure
answer
an organic
question
allow companies to be adaptive and sensitive to changes in their environments and respond to them quickly, thus to be more agile?
answer
-org structures -org designs -org systems
question
flexible factories differ from traditional factories by all of the following except:
answer
-longer production times x-providing more production options x-lot size, flow patterns, scheduling x-provifing a greater variety of products
question
the larger an organization, the more likely that it will develop_____
answer
-economies of scale -economies of scope
question
huge, complex organizations face such problems as bureaucracy and __________
answer
complacency
question
lean manufacturing strives for high quality, speed, and _______
answer
flexibility
question
managers in progressive companies do which of the following?
answer
-prepare for an uncertain future -place a premium on being able to act quickly -act in accordance with customer needs and outside pressures
question
this type of org seeks to maximize efficiency
answer
-mechanistic organization
question
a company's value chain can build competitive advantage when, through it, the company does all of the following except:
answer
-increasing stock prices X-achieves economies of scale X-links the elements in innovative ways X-develops innovative distro channels
question
in order for organizations to gain the flexibility and agility that todays dynamic organizations require, they must appropriately design which of the following
answer
-info flows -organizational structure -technology -organizational processes
question
large-size organizations often lead to increased_____
answer
scale economies
question
being both a big and small organization can be achieved by___________
answer
-organizing around small, adaptive team-based work units -avoiding problems of growth and size -decentralizing decision making
question
accurate descriptions of strategic alliances
answer
-social links are formed b/w participating orgs -participating orgs accept joint ownership -individual orgs share admin authority
question
traditional downsizing was used by a company when there was a fall in _____ of a product or service in the short run
answer
demand
question
orgs need to be responsive so they can:
answer
-constantly seek new ways to meet their customer's needs -build a competitive advantage for the future -react to shifts in customer service
question
dr, kenichi ohm developed the strategic triangle to identify three key players that businesses must take into account:
answer
-company, competitors, customers
question
amazon displays:
answer
-acting small -being big
question
_______ allow organizations to respond to customer demands and environments threats faster and less expensively than their own
answer
strategic alliances
question
ind. orgs share administrative authority, social links, and accept joint ownership when they form a ____
answer
strategic alliance
question
successfully developing leadership in core competencies can increase a company's _____
answer
responsiveness -competitiveness
question
T/F large orgs are typically less organic and more bureaucratic
answer
true
question
managers who wish to strengthen their firm's core competencies should focus on:
answer
-ID'ing existing core competencies -investing in core comp. to remain better than competitors -extending competencies for future applications -acquiring or building competencies for the future
question
to capitalize on the advantages of size, companies should strive to be both_____ and ______
answer
big and small
question
particular form/degree of organic structure depends on the company's_____
answer
-tech -size -strategy customers
question
managers who want to strengthen their firm's____can do so by focusing on issues surrounding the firm's core competencies
answer
competitiveness
question
primary activities in generic value chain?
answer
-inbound logistics -outbound logistics -marketing
question
_______ is the systematic application of scientific knowledge to a new product, process, or service
answer
technology
question
refers to an approach that uses statistical tools to analyze the cause of product defects and aims to defect-free outputs
answer
six sigma
question
organizing approach based on a commitment to making an operation both efficient and effective and continually strives for improvement is called______
answer
lean manufacturing
question
allow companies to be adaptive and sensitive to changes in their environment and respond to them quickly, thus be more agile?
answer
-org systems -org structures -org designs
question
company's value chain can build competitive advantage when, through it, the company
answer
-links the elements in innovative in innovative ways -develops innovative distribution -achieves economies of scale
question
"if you were a customer, how would you like us to operate?"
answer
reengineering
question
paper plus manufactures toilet paper and paper towels bc there is such similarity in the materials used for production of these goods as well as in the processes used in production, paper plus has an_____
answer
economy of scope
question
when managers screen potential partners, they should consider financial terms and each other's_____
answer
area of expertise
question
CEOS share their _____ with other ket members of the top management team
answer
authority
question
informal authority can come from:
answer
-expertise -personal qualities -experience
question
_____ ______ describes the role of a corporation's executive staff and board of directors in ensuring that the firm's activities meet the goals of the firm's stakeholders
answer
corporate governance
question
creating self-contained____ refers to changing from a functional organization to a product or project organization and giving each unit the resources it needs
answer
tasks
question
an approach that involves feedback and discussions to jointly figure out how to approach problems and devise solutions that are agreeable to everyone
answer
coordination by mutual adjustment
question
the assignment of a a task that an employee is supposed to carry out is called his/her _________
answer
responsibility
question
______ resources are simple extra resources on which organizations can rely on in a pinch
answer
slack
question
which of the following does an organization chart provide?
answer
-a picture of the various activities carried out by different individuals -a picture of the reporting structure
question
which of the following are elements of a traditional organizational chart?
answer
-levels of management indicating the number of horizontal layers in the chart -boxes representing different work -title in boxes representing the work performed in each unit.
question
NOT appropriate when delegating?
answer
managers should use delegation to pass responsibility to their subordinates.
question
formal position______ is generally the primary means of running an organization and is exemplified by orders that a boss gives to a lower-level employee being carried out
answer
authority
question
an aspect of the organization's internal environment created by job specialization and the division of labor is known as ______
answer
differentiation
question
which of the following are horizontal processes that may be used to increase the organization's information-processing capability as uncertainty increases?
answer
-liaison roles -task forces/teams -direct contact
question
as tasks of organizations become increasingly complex, the organization inevitably must be_____ into smaller units or departments
answer
departmentalized
question
a wide span of control builds a _____organization
answer
flat
question
when interdependent units are required to meet deadlines and objectives for a common goal, this approach is known as:
answer
coordination by plan
question
shortcomings of the functional form?
answer
-lines of communication and coordination are more complex -managers become specialists but not generalist -employees care more about the function than about the company
question
it is quite common for people to have more____ then____
answer
responsibility; authority
question
______ may be valuable when departments have different priorities or conflicting goals, which need to be mediated by top management
answer
centralization
question
a person who assembles and coordinates participants in a network is referred to as a
answer
broker
question
companies in simple, stable environments have____levels of differentiation
answer
low
question
to cope with high uncertainty and heavy information demands, managers can use which two general strategies?
answer
-increase the capacity to handle more information -reduce the need for information
question
reasons for separating the position of CEO and the chairman of the board?
answer
-prepare for successor to the ceo -unseat/reduce CEO power -improve corporate governance
question
should NEVER be delegated
answer
-conducting performance reviews -discipling subordinates
question
focus of many boards in wake of scandals/lawsuits?
answer
-audits -financial reporting -laws against discrimination
question
four-person diamond matrix structure include:
answer
-product managers must collaborate and mane conflicts with functional managers -employees must learn how to respond to two superiors and prioritize multiple demands -functional managers must collaborate and manage conflicts with product managers -top execs need to balance power/emphasis between functions and divisions
question
a wide span of control build a _____ organization
answer
flat
question
this is generally the primary means of running an organization and is exemplified by orders that a boss gives to a lower-level employee being carried out
answer
formal position authority
question
formalization is considered the appropriate method for organizations to use to improve coordination and eliminate uncertainty in ____situations
answer
stable
question
which of the following are techniques managers can use to increase information processing?
answer
-create horizontal relationships -invest in information systems
question
Which of the following is not a role that brokers perform to aid integration and coordination in a network structured organization?
answer
implementing role.
question
which of the following are advantages of both the product and customer/regional approach to departmentalization
answer
-focus on customer needs -provide faster and better service
question
in response to corp. scandals related to governance at firms like Enron and WorldCom, congress:
answer
-passed the Sarbanes-Oxley act imposing tighter rules on corporate governance
question
which of the following statements serve to illustrate the conflicts between line and staff departments?
answer
-success of line managers is based on their knowledge of the organization and it's environment -success of staff managers is based on their knowledge and expertise in the functional area they oversee
question
the person who gets a delegated assignment should be given:
answer
-resources -time -authority
question
this type of departmentalization is primarily useful in a stable environment with a low need for flexibility
answer
functional
question
_____ and ______ refer to the way all parts of the organization will work together
answer
integration; coordination
question
how can small business owners obtain the expertise of a board of directors?
answer
seek advisors who will hold the owners accountable for their goals and performance.
question
the degree to which differentiated work units work together and coordinate their efforts is called:
answer
integration
question
the challenge of_____ authority for managers is that it can help or hinder their achievement of the organization's goals
answer
informal
question
traditionally, authority resides in _____ not____
answer
positions, people
question
a very flexible version of the network organization is the ____ _____ organization, composed of temp arrangements among members that can be assembled to meet a changing competitive environment
answer
dynamic network
question
the key to managing a _____ structure is the realization that is a process that requires managers to attend the norms, values, attitudes that shape how employees behave
answer
matrix
question
all of the following are potential benefits of network organization EXCEPT
answer
-simplicity x-reduced costs x-flexibility x-innovation x-reduced risk
question
antonina believes that there is too much specialization in the company. therefore she appears to favor:
answer
low differentiation
question
The role of a corporation's executive staff and board of directors in ensuring that the firm's activities meet the goals of the firm's stakeholders is known as corporate
answer
governance
question
A collection of independent, mostly single-function firms that collaborate to produce a good or service is called a _____ organization.
answer
network The network organization is a collection of independent, mostly single-function firms that collaborate to produce a good or service. As depicted in Figure 8.7, the network organization describes not one organization but the web of relationships among many firms.
question
As organizations grow and become increasingly diversified, functional departments may become difficult to manage, which may result in a restructuring to
answer
divisional departments. As organizations grow and become increasingly diversified, they find that functional departments have difficulty managing a wide variety of products, customers, and geographic regions. In this case, organizations may restructure to group all functions into a single division and duplicate each of the functions across all the divisions, resulting in divisional departmentalization
question
Who among the following occupies the top of the organizational pyramid and is personally accountable to the board and to the owners for the organization's performance?
answer
The CEO The authority officially vested in the board of directors is assigned to a chief executive officer (CEO), who occupies the top of the organizational pyramid. The CEO is personally accountable to the board and to the owners for the organization's performance.
question
Delegation occurs:
answer
in any kind of organizational structure. Delegation is perhaps the most fundamental feature of management because it entails getting work done through others. Thus, delegation is important at all hierarchical levels. The process can occur between any two individuals in any type of structure with regard to any task.
question
Which of the following is a coordination method?
answer
Standardization As organizations differentiate their structures, they also need to be concerned about integration and coordination, the way all parts of the organization will work together. In general, coordination methods include standardization (complemented by formalization), plans, and mutual adjustment.
question
A matrix organization is an overlap of:
answer
functional and divisional organizational forms. A matrix organization is a hybrid form of organization in which functional and divisional forms overlap. Managers and staff personnel report to two bosses—a functional manager and a divisional manager.
question
To cope with high uncertainty and heavy information demands in today's environments, managers can increase the capacity to handle more information or:
answer
reduce the need for information. To cope with high uncertainty and heavy information demands, managers can use the two general strategies shown in Figure 8.8. First, management can act to reduce the need for information. Second, it can increase its capacity to handle more information.
question
Research, legal, accounting, and human resources departments are examples of:
answer
Staff departments are those that provide specialized or professional skills that support line departments. They include research, legal, accounting, public relations, and human resources departments.
question
An organization chart:
answer
depicts the positions in a firm. The organization chart depicts the positions in the firm and the way they are arranged. The chart provides a picture of the reporting structure (who reports to whom) and the various activities that are carried out by different individuals. Levels of management are indicated by the number of horizontal layers in the chart.
question
Which of the following best describes integration?
answer
It is the degree to which differentiated work units work together and coordinate their efforts. As organizations differentiate their structures, managers must simultaneously consider issues of integration. Integration is the degree to which differentiated work units work together and coordinate their efforts.
question
Authority is defined as the:
answer
legitimate right to make decisions and to tell people what to do. At the most fundamental level, the functioning of every organization depends on the use of authority, the legitimate right to make decisions and to tell other people what to do. Traditionally, authority resides in positions rather than in people.
question
The optimal span of control should be narrow when:
answer
subordinates are inadequately trained. The optimal span of control depends on a number of factors. The span should be wider when (1) the work is clearly defined and unambiguous, (2) subordinates are highly trained and have access to information, (3) the manager is highly capable and supportive, (4) jobs are similar and performance measures are comparable, and (5) subordinates prefer autonomy to close supervisory control. If the opposite conditions exist, a narrow span of control may be more appropriate.
question
Organizations have several ways to subdivide their structures. The three basic approaches to departmentalization are functional, divisional, and _____.
answer
matrix. As organizations divide work into different units, one can detect patterns in the way departments are clustered and arranged. The three basic approaches to departmentalization are functional, divisional, and matrix.
question
Which of the following is the first step in a delegation process?
answer
Defining the goal According to Figure 8.2, the first step in the delegation process—defining the goal—requires the manager to have a clear understanding of the outcome he or she wants.
question
Which of the following is an advantage of delegating?
answer
It allows managers to accomplish more than they could alone. Delegating allows managers to accomplish much more than they would be able to do on their own. Delegation frees up the manager to devote energy to important, higher-level activities. Delegation essentially gives the subordinate a more important job, an opportunity to develop new skills and to demonstrate potential for promotion. At least some employees tend to feel a stronger commitment, perform their tasks better, and engage in more innovation.
question
Karla recently accepted a job with a software developer. She is surprised that her boss frequently refers to her judgment to resolve problems, despite the fact that she has not worked there long. Based on Karla's experience, it can be concluded that the firm has:
answer
decentralized authority. In decentralized organizations, more decisions are made at lower levels. Ideally, decision making occurs at the level of the people who are most directly affected and have the most intimate knowledge about the problem. Karla's boss decentralizes decision making by getting Karla's opinion to resolve problems
question
Jerry has a written policy forbidding office romances. This is an example of:
answer
formalization. To improve coordination, organizations may also rely on formalization, the presence of rules and regulations governing how people in the organization interact. Simple, often written, policies regarding attendance, dress, and decorum, for example, may help eliminate a good deal of uncertainty at work. Jerry's written policy is a kind of formalization.
question
Which of the following is created through division of labor and job specialization?
answer
Differentiation Several related concepts underlie the idea of structural differentiation. Differentiation is created through division of labor and job specialization.
question
One of the major tasks performed by the board of directors in a corporation is:
answer
selecting and recruiting the CEO. Boards perform at least three major sets of duties: (1) selecting, assessing, rewarding, and perhaps replacing the CEO; (2) determining the firm's strategic direction and reviewing financial performance; and (3) ensuring ethical, socially responsible, and legal conduct.
question
a fast changing environment requires an organization to respond_____
answer
quickly
question
which of the following describe organic structure?
answer
-communication occurs through advice/info -decision making and influence are decentralizes -expertise is highly valued
question
huge, complex organizations face such problem as bureaucracy and __________
answer
complacency
question
a design approach in which all relevant functions cooperate jointly and continually in a maximum effort aimed at producing high-quality products that meet customers needs is:
answer
-concurrent engineering
question
_______ is a planned elimination of positions or jobs
answer
downsizing
question
types of products that are produced through mass customization include:
answer
-textbooks -computers -automobiles -clothes
question
movement of resources/products into org to its customers is called______
answer
logistics
question
the particular form/degree of organic structure depends on the company's ______
answer
-size -technology -customers -strategy
question
an org skilled at creating, acquiring, and transferring knowledge, and at modifying behavior to reflect new knowledge is a __________ organization
answer
learning
question
an org where jobholder's responsibilities increase as need arises and communication occurs through advice and information has_____ structure
answer
an organic
question
firm wishing to be a true learning org should______
answer
-review successes/failures for deeper understanding -search constantly for new knowledge/ways to apply it -have people who engage in disciplined thinking share ideas throughout the organization through multiple venues
question
T/F CRM focuses on creating two way exchanges with customers so that the firm can have an intimate knowledge of the customer needs, wants and buying patterns
answer
true
question
primary activities in generic value chain
answer
-marketing -outbound logistics -inbound logistics
question
an organizational characteristic that is an important factor in how an organization responds to changes in its environment is______
answer
agility
question
strategy aimed at reducing the total time it takes to deliver a product or service is:
answer
time-based competition
question
when those who have not been laid off during downsizing, but struggle with heavier workloads, lose commitment to the company and become risk adverse often exhibit what is known as ______ _____
answer
survivor's syndrome
question
managers who wish to strengthen their firms core competencies should focus on:
answer
-investing in core competencies to remain better than competitors -ID'ing existing core competencies -extending competencies for future applications -acquiring or building competencies for the future
question
a firm must respond to a fast-changing environment by being quick and _____
answer
agile
question
successfully developing leadership in core competencies can increase a company's_______
answer
-competitiveness -responsiveness
question
in recent times, downsizing has been used as a way to become more_____
answer
efficient
question
T/F diseconomies of scale lead to new organizational problems such as administrative difficulties that inhibit efficiency
answer
true
question
Strategic alliances are sometimes formed between:
answer
-universities -firms/competitors -governments
question
to capitalize on the advantages of size, companies should strive to be both_____ and _____
answer
big and small
question
large organizations are harder to control because__
answer
jobs become more specialized and complex
question
adapting to the changes in environment include being sensitive to all of the following except:
answer
managerial cognition
question
in a high involvement organization, top management ensures that_____
answer
there is consensus about where the business is heading
question
being both a big and small organization can be achieved by:_____
answer
-decentralizing decision making -avoiding problems of growth/size -organizing around small, adaptive team-based work units
question
t/f in a high involvement org, top management makes all the company decisions
answer
false
question
____ is a way of managing in which the org is committed to continuous improvement of the product/service
answer
total quality management
question
when all functional groups in an organization are involved with the efforts to design and produce a product that will satisfy customer needs, the org is using
answer
concurrent engineering
question
which of the following are advantages of large size organizations?
answer
-Easier access to capital -lower operating costs -greater purchasing power
question
the coordinated series or sequence of functional activities necessary to transform inputs such as raw materials or professional skills into the finished goods/services customers value and want to buy is called the____
answer
value chain
question
JIT concentrates on reducing time in manufacturing, whereas TBC attempts to deliver speed in
answer
-product development -manufacturing -logistics -customer service
question
a multifaceted process focusing on creating two way exchanges with customers to foster intimate knowledge of their needs, wants and buying patterns is:
answer
Customer relationship management
question
which of the following represents an example of a lean manufacturing tactic that has resulted in chaos, overworked people, and low morale?
answer
-laying off operational workers -eliminating layers of management
question
continuous processes are characterized by which of the following?
answer
-structure can be more organic -machines and/or computers do all the work
question
which of the following is NOT a benefit of concurrent engineering?
answer
-product design can be easily changed X-functional departments are more committed to decisions X-Management experience about product is enhanced X-cost/quality can be determined early in the process
question
the benefits of CIM include which of the following?
answer
-greater control and predictability of production process -high-volume and high-variety products can be produced simultaneously -reduced waste -faster throughput times
question
this type of organization seeks to maximize efficiency
answer
mechanistic org
question
JIT rep's a # of key production and organizational concepts including:
answer
-elimination of waster -perfect quality reduced cycle items -elimination of delays -reduced setup times
question
Toilet paper
answer
economy of scope
question
Time-based competition (TBC) has several key org elements including:
answer
-concurrent engineering -logistics -JIT production
question
avoid making the following downsizing mistakes
answer
-laying off too many people -implementing early retirement programs -making slow, small and frequent layoffs
question
_____ is a way of managing in which the org is committed to continuous improvement of the product/service
answer
total quality management
question
when all functional groups in an organization are involved with the efforts to design and produce a product that will satisfy customer needs, the organization is using:
answer
concurrent engineering
question
which of the following are advantages of large-size organizations?
answer
-lower operating costs -greater purchasing power -easier access to capital
question
Does NOT support Total Quality Management?
answer
-use numerical quotas x-break down barriers among departments x-strive for long-term improvement rather than short-term profit x-build long-term relationships instead of awarding business on price tag alone
question
A company where structure is more mechanistic, there are more rules and formal procedures, and decision making is centralized would most likely be using_____ technology
answer
large-batch
question
The principal idea of _______ is to revolutionize key organizational systems and processes to become more customer focus
answer
reengineering
question
Organizations that are typically less organic and more bureaucratic are_______
answer
large organizations
question
T/F customer relationship management (CRM) focuses on creating two-way exchanges with customers so that the first can have an intimate knowledge of the customer's wants, needs, and buying patterns.
answer
true
question
when materials and processes employed in one product can be used to make other related products, you have_____
answer
economies of scope
question
An organizing approach based on a commitment to making an operation both efficient and effective, and that continually strives for improvement is called____
answer
lean manufacturing
question
____offers efficiency only when the costs of storing items are greater than the costs of frequent delivery?
answer
JIT
question
an organization's environment is composed of many different parts. The environmental aspect that has had the most profound impact on organizing in recent years is_____
answer
a customer focus
question
For the ____ approach to be effective, people must be broadly trained, communication is informal and horizontal among line workers, equipment is general purpose, and supplier relationships are long-term and cooperative
answer
lean
question
Managers must usually restructure their internal processes and their relationships wwith customers in fundamental ways to achieve ____quality
answer
six sigma
question
The task of organizing a business includes designing the____, information flows, and technology that make the organization effective
answer
processes
question
The use of computer-aided design and computer-aided manufacturing to sequence and make mass customization possible is called:
answer
computer-integrated manufacturing (CIM)
question
the research and development alliance that resulted in the most innovation occurred when the partners were_____
answer
experts in moderately different types of research
question
an organization that is prepared to meet the complex and ever-changing challenges that it constantly confronts is
answer
adaptable
question
One of the most important contributors to total quality management has been the intro of statistical tools to analyze causes of product defects. the approach that assesses whether the product or process is less than 3.4 defects per million is called
answer
Six Sigma quality
question
when downsizing is used to lead a more agile, flexible and responsive firm it is often called____
answer
righsizing
question
in JIT operations, a customer order triggers a factory order and the _____
answer
production program
question
For reengineering to be effective and successful, a ____ change must take place in the way the parts of the organization work together
answer
fundamental
question
organizationally, companies should be viewed as a portfolio of____, not just a portfolio of specific businesses
answer
capabilities
question
In lean manufacturing, ______ are considered wasteful
answer
overhead and inventory
question
companies that provide goods/services in very low volume, such as restaurants or doctors' offices are called_____
answer
job shops
question
The focus of reengineering is to:
answer
revolutionize key operational processes
question
_____tags help boost logistics efficiency and speed
answer
RFID
question
companies are able to mass customize products by organizing around interdependent operating units, called_____, that perform specific processes or tasks
answer
modules
question
economies of _________ allow firms to compete with large foreign rivals, by using materials and processes from one product to make others
answer
scope
question
Six sigma defects include all of the following EXCEPT
answer
-deficient corporate culture x-product problems x-wrong shipment x-poor customer service x-late delivery
question
in organic organizations, people work more as ______, rather than as subordinates who take orders from the boss
answer
teammates
question
Japanese business philosophy centers on the belief that a company retains competitive advantage by continuing to improve. this is known as______
answer
kaizen
question
an organic structure is much less____ than a mechanistic structure
answer
rigid
question
before a company commits to winning market share, it should commit to excellence and leadership in its_______
answer
core competencies
question
burns and stalker a _________ organization as being similar to a bureaucracy
answer
mechanistic
question
an org is a_______ system
answer
complex
question
the best type of set-up when are very different is:
answer
equity ownership
question
deming's 14 points of quality emphasized a ______ approach to management
answer
holistic
question
the Malcolm baldric quality award recognizes companies that meet certain criteria in all of the following areas except:
answer
reputation DOES: -market focus -strat planning -leadership -business results
question
_____ is a team-based approach that incorporates perspectives of all functions, resulting in a higher quality product
answer
concurrent engineering
question
manufacturing plants that have short production runs, are organized around products, and use decentralized scheduling are called_____ factories
answer
flexible
question
in a flexible factory, scheduling is:
answer
decentralized
question
this term refers to wherever the work goes next, and highlights the interdependence among functions in the organization
answer
internal customer
question
once the company answers the question "how would our customers want us to operate?" a ______is formed and decisions and actions are directed toward achieving it.
answer
vision
question
managers must usually restructure their internal processes and relationships with customers in fundamental ways to achieve_____quality
answer
six sigma
question
six sigma defects:
answer
-wrong shipment -poor customer service -product problems -late deliver (XXXX--deficient corp. culture)
question
an organization can achieve competitive advantage if it's resources are valuable, _____, imitatable, and organized
answer
-rare
question
reasons structured interviews are superior to unstructured interviews
answer
-less subjective -more likely to yield valuable information -less influenced by interviewer bias
question
T/F employers today are attempting to increase benefit costs, even as their value to their employees are rising?
answer
F
question
two critical issues related to the testing methods used in the selection of employees are:
answer
-reliability -validity
question
a performance appraisal focuses on three basic categories
answer
-traits -behaviors -results
question
adequate background checks include which of the following?
answer
criminal records check employment verficiation Social security
question
three basic employee benefits offered to every employee, regardless of employment status, as req' by law
answer
Social security unemployment insurance workers comp
question
how many and what types of employees the org will actually have is known as
answer
supply of labor
question
responses that managers have made to deal with the skills shortage have included
answer
-increasing training budgets -retraining downsized workers -recruiting qualified workers from other countries
question
legally, job applications and resumes would contain basic information on the candidate including
answer
-certifications -education -work experiences -citizenship
question
an org can check a variety of references for a job candidate. which of the following would be considered useful in supplementing candidate-provided info?
answer
-former employers -educational institutions
question
workers typically vote for unions b/c
answer
-job dissatisfaction -desire for better benefits -desire to raise average wage
question
human resource management
answer
-1st interaction with an org you wish to join involves it's HR -historically known as personnel management -deals with managing people at work
question
companies can create a strategic competitive advantage by creating value through their human resources. Whats NOT a program?
answer
X-customer roundtables YES: -continuous improvement programs -total quality initiatives -empowerment programs
question
1964 civil rights act prohibits discriminate against
answer
-sex -national origin -color -religion -race
question
job analysis
answer
-describing tasks, duties, and responsibilities -describing the skills and knowledge needed
question
360 degree performance appraisal has the advantage of giving a fuller picture of an employee's ___-
answer
strengths/weaknesses
question
guidelines for choosing performance eval method
answer
-comm performance standards to employees -use more than one rater -develop former appeal process -take legal considerations into account -document the performance appraisal carefully -eval employees on specific performance-related behaviors -base performance standards on job analysis
question
commonly used paper and pencil inventories measure such personality traits as
answer
-energy -adjustment -sociability
question
collective bargaining agreement might include
answer
-union security clause -rate of pay -determination of pay increases
question
training and development helps to ensure that employees
answer
-take on new responsibilities -have the knowledge and skills needed to perform jobs effectively -adapt to changing conditions
question
_____ are used when objective performance measures are not available
answer
-merit pay systems
question
pay ____ refers to the choice of whether to be a high, average or low paying company
answer
level
question
areas of human resources management
answer
-labor relations -performance appraisal -training -staffing -rewards
question
verbal comprehension tests measure which of the following?
answer
-vocab -reading
question
national labor relations act has resulted in:
answer
-establishing five unfair employer practices -creating the national labor relations board -declaring labor unions legal
question
guidelines for giving feedback
answer
-why employees work is important -express confidence in future performance -raise relevant issues -summarize performance -thank employee
question
equal pay act of 1963
answer
law prohibits unequal pay for men and women who preform the same work
question
emphasis on different human resources activities depends on whether the org is
answer
-declining -standing still -growing
question
performance appraisals serve basic purposes
answer
-documentation to ID/plan training -documentation to justify decisions in court -info for salary, promotion, dismissal
question
staffing function
answer
-selection -outplacement -recruitment
question
disadvantages of trait appraisals
answer
-don't enable managers to provide feedback to improve performance -traits do not show a direct relation to performance which can result in workers and courts viewing them as unfair and discriminatory
question
3 human resource functions that contribute to org's strategy are:
answer
-HR specialists -HR managers -line managers
question
4 criteria highlight the importance of people and show human resources as similar strategic management
answer
-creates value -is organized -rare -difficult to imitate
question
HR deals with the following daily
answer
-managing diversity -motivating employees -managing layoffs
question
three stages in HR planning process
answer
-evaluating -planning -programming
question
___- is the use of a third party to resolve a labor dispute
answer
arbitration
question
A BARS os used for a _____ appraisal
answer
behavioral
question
assessment center exercises tap a number of critical managerial dimensions such as
answer
-leadership -communication ability -decision-making skills
question
orbs can achieve competitive advantage when they posses or develop resources that are
answer
-valuable -imitatable -organized -rare
question
how many and what types of employees the org will actually have is known as its:
answer
supply of labor
question
which of the following are crucial decisions for designing an effective pay plan?
answer
-pay level -ind. pay -pay structure
question
The WARN Act req' employers to give affected employees ____ day's written notice of plant closings or mass lay offs
answer
60
question
MOB is an acronym for
answer
management by objectives
question
a 360 degree performance appraisal is most effective in a culture that is
answer
individualistic
question
The four sets of values that human resources should advocate for the organization are:
answer
-ethical -legal -financial -strategic
question
The labor-Management relations act accomplished several things, including:
answer
-protecting employers' free speech rights -defining unfair labor practices by unions -permitting workers to reject a union as their representative
question
a ____ center is a managerial performance test in which candidates participate in a variety of exercises and situations
answer
assessment
question
the______ created two employee categories: exempt and non-expempt
answer
fair labor standards act
question
union members are given a voice during contract negotiations and admin through which procedure
answer
grievances
question
needs assessment is used to ID training needs for?
answer
-jobs -departments -people
question
phase 1 of training starts with an ____, in which managers conduct an analysis to ID the jobs, people, and departments for which training is necessary
answer
needs assessment
question
managers can help employees who feel a traditional benefits package does not meet their needs by offering a _____ benefit plan
answer
cafeteria-style
question
the description of skills, knowledge, abilities, and other characteristics needed to perform a job is called_____
answer
job specification
question
job analysis provides the info req' by virtually every human resources activity, in which way would it add value to an org?
answer
-assist with training -assist with recruitment -assist with appraisal -help defend against unfair dismissal claims
question
periodic ritual, which typically takes place every three years, of negotiating an agreement over wages, benefits, hours, and working conditions is called____
answer
collective bargaining
question
ADA prohibits employment discrimination against people:
answer
-recovering from alcoholism -with AIDS -remission from cancer -recovering from drug abuse
question
protects private pension plans from mismanagement
answer
-employment retirement income security act of 1974
question
______ is the strategic value of the knowledge of employees and abilities
answer
human capital
question
the type of validity that refers to the degree to which a test actually predicts job performance is called______.
answer
-criterion-related validity
question
phase two of training involves the design of______
answer
training programs
question
job analysis provides the information required by virtually every human resources activity. In which of the following ways would job analysis add value to an org?
answer
-help defend against unfair dismissal claims -assist with recruitment -assist with training -assist with appraisal
question
content validity is more____ than evals of criterion related validity
answer
subjective
question
Social Security verification, a criminal records review, and verifications of past employment and education are all a part of a(n):
answer
background check. For a higher level of scrutiny, background investigations also have become standard procedure for many companies. The different types of checks include Social Security verification, past employment and education verification, and a criminal records check.
question
When a company prefers to base salary on performance, in the absence of objective performance measures, it uses a(n) _____ which is based on ratings given by managers.
answer
merit pay system
question
The three stages in the HR planning process are planning, programming, and _____.
answer
evaluating
question
The process of using multiple sources of appraisal to gain a comprehensive perspective on one's performance is known as a _____appraisal.
answer
360-degree In a process known as 360-degree appraisal, feedback is obtained from every level involved with the employee: subordinates, peers, and superiors.
question
Employees are a source of competitive advantage when they are:
answer
organized. Firms can create a competitive advantage when they possess or develop resources that are valuable, rare, inimitable, and organized. People are a source of competitive advantage when organizations know how to deploy them as needed based on their experience, skills, and potential.
question
Which of the following is NOT a reason why workers typically vote for unionization?
answer
An attempt to influence the stock price The four factors that play a significant role in a workers' vote for a union are presented in Figure 10.8. First, economic factors are important, especially for workers in low-paying jobs; unions attempt to raise the average wage rate for their members. Second, job dissatisfaction encourages workers to seek out a union. Poor supervisory practices, favoritism, lack of communication, and perceived unfair or arbitrary discipline and discharge are specific triggers of job dissatisfaction. Third, the belief that the union can obtain desired benefits can generate a pro-union vote. Finally, the image of the union can determine whether dissatisfied workers will seek out a union.
question
A seemingly neutral employment practice that has a disproportionately negative effect on a group protected by the Civil Rights Act is said to have a(n):
answer
adverse impact. One common reason employers are sued is adverse impact, when a seemingly neutral employment practice has a disproportionately negative effect on a group protected by the Civil Rights Act.
question
An internal recruitment tool used by organizations is the:
answer
job-posting system.
question
_____ has been criticized for resulting in unrealistic expectations, too much rigidity, and too much focus on short-term achievement at the expense of long-term goals.
answer
Management by objectives Management by objectives (MBO) involves a subordinate and a supervisor agreeing in advance on specific performance goals (objectives). But the approach has disadvantages. It can result in unrealistic objectives being set, frustrating the employee and the manager. The objectives can also be too rigid, leaving the employee with insufficient flexibility should circumstances change. Finally, MBO often focuses too much on short-term achievement at the expense of long-term goals.
question
An internal factor that influences the wage mix is:
answer
worth of job. The wage mix is influenced by a variety of factors including internal factors (the organization's compensation policy, the worth of each job, the employee's relative worth, and the employer's ability to pay) and external factors (conditions of the labor market, area wage rates, the cost of living, the use of collective bargaining, and legal requirements).
question
A job analysis determines:
answer
the skills and knowledge needed for a position. Job analysis does two things. First, it tells the HR manager about the job itself: the essential tasks, duties, and responsibilities involved in performing the job. This information is called a job description. Second, job analysis describes the skills, knowledge, abilities, and other characteristics needed to perform the job. This is called the job specification.
question
Considering current understanding of employment at will, under which of the following conditions is it legal to terminate someone?
answer
If an employee performs adequately at work
question
One difficult part of human resources planning is trying to determine how many and what type of people are needed in an organization, which is known as a(n):
answer
demand forecast.
question
_____ refers to the degree to which a selection test predicts or correlates with job performance.
answer
Validity
question
Right-to-work legislation allows employees to work without having to join a:
answer
union.
question
_____ involves teaching managers and professional employees broader skills needed for their present and future jobs.
answer
Development
question
_____ is a design approach in which all relevant functions cooperate jointly and continually in a maximum effort aimed at producing high-quality products that meet customers' needs.
answer
Concurrent engineering Many companies are turning to concurrent (sometimes called simultaneous) engineering as the cornerstone of their TBC strategy. Concurrent engineering is a design approach in which all relevant functions cooperate jointly and continually in a maximum effort aimed at producing high-quality products that meet customers' needs.
question
Rightsizing refers to:
answer
arriving at the size at which a company performs most effectively.
question
A high-involvement organization:
answer
In a high-involvement organization, top management ensures that there is a consensus about the direction in which the business is heading. The leader seeks input from the top management team and from lower levels of the company.
question
Which of the following steps in the value chain involves focusing on innovation and new products?
answer
Research and development
question
Marques Tech is a leading mobile phone manufacturer. The company has a deal with FoodZone, a leading fast-food chain. Anyone with the latest Marques cell phone will get 20% off on their bill at FoodZone, with the offer being valid for six months. Which of the following best describes this scenario?
answer
Strategic alliance A strategic alliance is a formal relationship created with the purpose of joint pursuit of mutual goals. In a strategic alliance, individual organizations share administrative authority, form social links, and accept joint ownership.
question
An effective strategy for enabling a firm to be responsive and competitive is to focus on fundamental strengths and expertise, and developing leadership in and organizing around its _____.
answer
core capabilities
question
Almost any competitive advantage is temporary, so companies should strive for continuous improvement, which is also known as _____.
answer
kaizen
question
At _____, a product or process is defect-free 99.99966 percent of the time.
answer
six sigma
question
In an organic structure, _____.
answer
employees depend more on one another and relate more informally
question
The support activities in the generic value chain include:
answer
firm infrastructure.
question
Which of the following is a characteristic of a large batch organization?
answer
More rules and formal procedures
question
In _____, materials and processes employed in one product can be used to make other, related products.
answer
economies of scope
question
In _____, the emphasis is on quality, speed, and flexibility more than on cost, efficiency, and hierarchy, which is exemplified by employees' authority to halt operations to correct problems.
answer
lean manufacturing In a lean operation, the emphasis is on quality, speed, and flexibility more than on cost, efficiency, and hierarchy. If an employee spots a problem, the employee is authorized to halt the operation and signal for help to correct the problem at its source so that processes can be improved and future problems avoided.
question
Diseconomies of scale refers to the:
answer
varied costs associated with an organization being too big.
question
Which of the following types of organization is similar to a bureaucratic structure?
answer
A mechanistic organization
question
Which of the following is one of the two areas of focus of learning organizations?
answer
Exploitation
question
Which of the following is a practice that is recommended for firms to ease the pain of downsizing?
answer
Train people to cope with the new situation
question
Order the stages of decision making
answer
1.ID and diagnose proble, 2.generate alternative solutions, 3.Eval alternatives, 4. make the choice, 5. Implement the decision, 6. Evaluate the decisions
question
Bias that interfere with objective rationality are called____biases
answer
psychological
question
determining the value or adequacy of the alternatives that were generated, or, deciding which solution is best, is the primary task in the ______ _______ stage of decision making.
answer
evaluating alternatives
question
How do social realities affect decision making?
answer
Important managerial decisions are marked by conflict among interested parties, interpersonal factors decrease decision-making effectiveness, a manager must consider the preferences/reactions of many people, many decisions are the result of intensive social interactions, bargaining, and politicking
question
In a situation where winning the argument becomes more important than solving the problem, goal_____has occurred.
answer
displacement
question
Managers are faced with tough decisions daily that lack structure and lead them to avoid making decisions or taking action. Which characteristics add to the difficulty managers experience when making tough decisions?
answer
-level of uncertainty -complexity of the problem -degree of risk
question
the condition of certainty exists when managers have____of the necessary information and can precisely predict the consequences of actions
answer
all
question
Which model of organizational decision making occurs when groups with differing preferences use power and negotiation to influence decisions?
answer
Coalition model
question
An alternative to an individual making a decision would be a manager convening several people together to make a _____ decision
answer
group
question
What are characteristics consistent with a non programmed decision?
answer
-new and complex -no certain outcomes -no proven answers
question
The fourth step in decision banking, after all the possible consequences of the options ave been evaluated, is called_____
answer
making the choice
question
What are the potential advantages of using a group to make a decision?
answer
-provides intellectual stimulation -leads to higher level of commitment -more info is available -more perspectives on different issues or different approaches to solving the problem are available -participants in the group discussions are more likely to understand why the decision was made
question
Managerial decisions usually lack____
answer
structure
question
Barriers to effective decision making
answer
-psychological biases -social realities -time pressures
question
______ conflict can improve group decision making by encouraging diverse viewpoints and creative solutions as well as discouraging group think
answer
constructive
question
when decision makers weigh short term costs and benefits more heavily than long term, they are guilty of what psychological bias in their decision making process
answer
-discounting the future
question
In order to make timely and high-quality decisions under time pressure, which would managers rely?
answer
-real time info -daily operating measures
question
alternative courses of action that can be implemented based on how the future unfolds are called______ plans
answer
contingency
question
Periodic reorders of inventory in business Program v. non
answer
programmed
question
procedure for admitting patients in a hospital Program v. non
answer
programmed
question
amount calculated when COL adjustment is given to all employees in a certain job category program v. non
answer
programmed
question
ideas that have been seen or tried before are called_____ made solution
answer
ready
question
which of the following describes the condition of risk?
answer
-losses may occur -outcome is uncertain even though you can estimate the likelihood of various consequences -the probability of an action being successful is less than 100 percent
question
In terms of managerial decision making, _____ occurs when the decision makers carefully and conscientiously execute all 6 stages of decision making, including making provisions for implementation and eval
answer
vigilance
question
best stragey for managers to apply to avoid mistakes when making decisions under time pressure
answer
rely on real-time info
question
programmed decisions are ones that:
answer
-have objective, correct answers -solvable by using simple rules -have been encountered before
question
steps manager should take when planning an implementation
answer
-assign responsibility for each step -determine how things will look when the decision is fully operational -chronologically order the steps necessary to achieve a fully operational decision -list resources and activities required to implement each step
question
opposing pressures from different sources, occurring on the psychological level, or of disagreement between individuals or groups is called
answer
conflict
question
a decision bias influenced by the way in which a problem or decision alternative is phrased or presented is known as a _____ effect in decision-making terminology
answer
framing
question
which of the following are ways that time pressures influences effective decision making?
answer
-meeting the deadline becomes more important than content -decision quality may be reduced when the decision is made to quickly -business decisions made too slowly become irrelevant
question
determining the value or adequacy of the alternatives that were generated, or, deciding which solution is the best, is the primary task in the _____ ______ stage of decision making
answer
evaluating alternatives
question
when searching for solutions, there are times when what has been done before is not applicable. In these situations, managers search for____solutions, or those that must be designed for specific problems
answer
custom-made
question
disadvantages of using groups to make decisions
answer
goal displacement
question
2nd stage of decision making, generating alt. solutions, which of the following are used by managers to develop alternative courses of action
answer
-search ready made solutions to use ideas that have already been tried before -follow the advice of others who have faces similar problems -generate custom-made solutions designed for a specific purpose
question
in decision-making terminology, ___ exists when the probability of a successful action is less than 100 percent and losses are possible
answer
risk
question
the organizational decisions that are not routine, but instead are novel and _____ are more typical for managers
answer
nonprogrammed
question
4th step in decision making, making the choice, the decision will differ according to the criteria and method used. What are the important methods managers should recognize when choosing from among the alternatives evacuated?
answer
-optimizing -maximizing -satisicing
question
Characteristics are consistent with a non programmed decision
answer
-new and complex -no certain outcomes -no proven answers
question
a phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus is known as
answer
group think
question
5th step in decision making, implementing the decision, which of the following are actions taken when planning the implementation
answer
-determine how things will look when the decision is fully operational -ID potential problems/opportunities with implementation -diagram the steps necessary to achieve a fully operational decision
question
NOT a potential advantage of using a group
answer
satisficing
question
Sixth and final stage of decision making process
answer
-compare collected info with specified goals -use feedback to either continue the decision or go back to the first stage -collect info on how well the decisions is working
question
procedures to manage decision making in groups?
answer
-encourage creativity 0encourage constructive conflict -stay focused on groups goals -avoid group think and satisficing -encourage people's input
question
gambling is an example of the ____ in that some people believe they have the skill to beat the odds, even though most of the time they cannot
answer
illusion of control
question
traditional budget process which begins with the budget from the previous period and makes small adjustments from that starting point is an example of which type of decision making model?
answer
incremental model
question
_____ occurs when you achieve the best possible balance among several goals
answer
optimizing
question
how a problem or decision alternative is_____can subjectively influence objective facts
answer
framed
question
Managers are being____ decision makers when they carefully execute all states of decision making
answer
vigiliant
question
T/F decision makers should assume that things will go smoothly during implementation
answer
false
question
Often, managers do not expend their time/energy to gather more information when needing to make a decision. Rather, in decision making terminology, they opt for_____ , that is, making an expedient decision based on readily available information
answer
satisficing
question
In decision making, which is NOT a potential advantage of using a group?
answer
satisficing
question
T/F the incremental model of organizational decision making depicts a chaotic process and seemingly random decision
answer
false
question
When evaluating alternatives to decision making, what goal-related questions should managers consider in deciding among other alternatives?
answer
-Which alternatives are most acceptable -how solution relates to the goal, defined earlier -which goals does alternative address -which alternatives can be implemented at lowest risk
question
Ways to be creative?
answer
-bringing something into creation -joining two previously unrelated things -improving something or giving it a new application
question
When group members don't want to break up a positive team spirit and remain friendly_____ may occur
answer
groupthink
question
being vigilant in the decision making process occurs when decision makers______
answer
-make provisions for implementation and evaluation of decisions -improve their decision making processes by incorporating lessons learned in successive decisions -carefully and conscientiously execute all six stages of the process
question
when decision makers weigh short-term costs and benefits more heavily than longer-term ones, they are guilty of what psychological bias in their decision making?
answer
discounting the future
question
Total and consistent agreement among group members, called groupthink, can be destructive. however, some degree of conflict can be_____in managing groups
answer
-constructive -effective -helpful
question
Disadvantages of group decision making due to the phenomenon of groupthink?
answer
-pressure to conform -complacency -overconfidence
question
which of the following are consistent with the use of a devil's advocate to create constructive conflict?
answer
-make conflict less personal and emotional -criticize ideas and point out problems -lessen people's inhibitions about disagreeing with others
question
A manager deciding which employee to lay off when all team members are essentially performing at identical levels produces what type of conflict in the manager?
answer
psychological
question
According to bounded rationality, decision makers cannot be truly rational because:
answer
-they have imperfect incomplete information -people have conflicting goals -there is not enough time to process all the information -problems faced are complex
question
When assessing alternatives in decision making, which one of the following actions is fundamental to the process?
answer
predict the possible consequences that will occur if the various options are put into effect
question
_____ is acceptable when there is no other known option because time is short, info unavailable, or other constraints make maximizing impossible
answer
satisficing
question
The three requirements for effectively managing group decisions include:
answer
-enhancement of creativity -an appropriate leadership style -constructive use of disagreement and conflict
question
which of the following are ways in which managers have encourages creativity in their employees
answer
-give creative efforts the rewards they are due -listen to employee's ideas -stimulate and challenge people intellectually
question
Managers make many large and small scale organizational decisions on a daily basis. Therefore, _____ is a critical managerial skill; without this ability, managers will not be effective.
answer
decision making
question
many mangers are more comfortable in analyzing decisions v. making them. when having to choose from among alternatives, what is a common condition that may prevent managers from making a choice?
answer
analysis paralysis
question
Which of the following are constraints on decision making?
answer
-market -legal/ethical -human -organizational -financial
question
"Illusions of control" are pitfalls in decision making; these illusions may include:
answer
-general optimism -over confidence -previous successes
question
Which of the following questions should a manager ask to aid in decision making when evaluating alternatives?
answer
-does the alternative meet our primary objective? -is our info about alternatives complete and current -what problems could we have if we implement the alternative?
question
How can a problem be turned into an opportunity?
answer
by understanding what the organization is doing now and what it can do to create a more positive future.
question
A structured debate comparing two conflicting courses of action, ____ is a a form of constructive conflict.
answer
dialectic
question
Ways managers can encourage more creativity in their employees
answer
-recognize creativity -don't punish creative failures -strive to be creative yourself stimulate and challenge people intellectually
question
During brainstorming, when group members are non-engaged due to inhibition or anxiety, which of the following could help increase effectiveness?
answer
-utilize electronic communication (reduces face to face) -take time for members to silently write down ideas
question
choosing the first option that is minimally acceptable or adequate when making a decision is known as_______
answer
satisficing
question
______ conflict is defined as differences in perspectives / judgments about issues, or issues-based differences
answer
cognitive
question
Effective crisis management
answer
-communicate and reinforce the org's values -show emotion -be optimistic and honest
question
When managers are considering alternatives for future planning, what are the four alternative scenarios from which to consider outcomes or consequences?
answer
-pessimistic -worst-case -most-likely best-possible
question
When generating alternative solutions to problem solving, managers cannot help but to use______
answer
past experiences
question
which of the following conditions is helpful for managers to make better decisions?
answer
-getting enough rest -putting distractions aside -managing stress
question
A less-than-perfect form of rationality in which decision makers cannot be perfectly rational because decisions are complex and complete information is unavailable or can't be processed is referred to as:
answer
bounded rationality
question
When managers express that they are not satisfied, or comfortable with, the what ifs, or what may happen in a given set of circumstances, they are demonstrating their preference for______
answer
certainty
question
when brainstorming, groups should do which of the following to encourage ideas?
answer
-post ideas for everyone to read -encourage people to say anything that comes to mind -withhold criticism of people and ideas
question
risk is uncertain at best, good decision makers in an org prefer to__
answer
manage risk
question
ways to improve your own potential to "get creative" may include:
answer
take a "break" to read or try something new talk to other people about your own ideas and issues assume you can be creative
question
Elements of an effective crisis management plan
answer
-communication actions -strategic action -evaluation and diagnostic actions
question
when a competitor lowers prices, managers generally think they must do the same. Which of the following alternatives to consider if a competitor cuts prices?
answer
-emphasizing consumer risk to low-price products -building awareness of products/features and overall quality -communicating your cost advantage to your competitors so they realize they can't win a price war
question
its useful to take a little extra time to ID potential problems/opportunities associate with implementation. Which of the following questions could be useful for managers to ask when planning for potential outcomes.
answer
-what problems could this action cause? What can we do to prevent the problems? What unintended benefits or opportunities could arise?
question
Which of te following is a necessary and daily activity of all managers within organizations
answer
decision making
question
to be able to understand decision making within a particular organization, it is important for managers to understand three characteristics about the organization
answer
-org decision processes -decision making during a crisis the constraints decisions makers face
question
one of the potential problems when using a group for decision making is an_____member or leader
answer
dominating
question
playing devils advocate and the dialetic are both techniques of constructive conflict. the dialectic approach goes further by requiring a ___ debate between two conflicting courses of action.
answer
structured
question
the most constructive type of conflict is_____conflict, or difference is perspectives/judgements about issues; _____ conflict is emotional and directed at other people
answer
cognitive; affective
question
A decision bias influenced by a framing effect is more likely when which of the following occur?
answer
previous successes are referenced with a specific alternative
question
Today evaluation of alternatives relies more on data collected through______ than in the past
answer
computer technology
question
The framing effect can have a disastrous effect in decision making when:
answer
managers believe a current problem is similar to come they already experienced, so they don't look for alternatives
question
Which of the following statements is true of brainstorming?
answer
It creates an environment where there is no criticism. In a proper brainstorming environment, which is free of criticism, people are less inhibited and are more likely to voice their unusual, creative, or even wild ideas. By the time people have exhausted their ideas, a long list of alternatives has been generated. Only then does the group turn to the evaluation stage.
question
Which of the following terms refers to the condition that causes new goals to replace the original ones?
answer
Goal alignment The goal of group members should be to come up with the best possible solution to a problem. But when goal displacement occurs, new goals emerge to replace the original ones. Often winning the argument becomes the new goal. Saving face and defeating the other person's idea become more important than solving the problem.
question
The leader of a decision-making group must:
answer
engage in affective conflict. The leader should avoid dominating the discussion or allowing another individual to dominate.
question
_____ refers to a less-than-perfect form of rationality in which decision makers cannot be perfectly rational because decisions are complex and complete information is unavailable or cannot be fully processed.
answer
Bounded rationality Bounded rationality refers to a less-than-perfect form of rationality in which decision makers cannot be perfectly rational because decisions are complex and complete information is unavailable or cannot be fully processed.
question
_____ comes into play when a manager makes a decision with a bias weighing short-term costs and benefits more heavily than longer-term costs and benefits.
answer
Discounting the future
question
Which of the following is a potential disadvantage of group decision making?
answer
satisficing
question
n the decision-making process, _____ refers to choosing the first option that is minimally acceptable or adequate.
answer
satsficing
question
Which of the following is the organizational decision process model in which major solutions arise through a series of smaller decisions?
answer
incremental model
question
Hesitation to invest in promising research and development that will not pay off until far into the future is an example of _____.
answer
discounting the future.Decision makers often discount the future. That is, in their evaluation of alternatives, they weigh short-term costs and benefits more heavily than longer-term costs and benefits. The avoidance of short-term costs or the seeking of short-term rewards often results in negative long-term consequences.
question
_____ refers to people's belief that they can influence events even when they have no control over what will happen.
answer
Illusion of control
question
When a manager must decide between several attractive options, or when there are no attractive options, he or she experiences _____ conflict.
answer
psychological. Conflict exists when a manager must consider opposing pressures from different sources. Individual decision makers experience psychological conflict when several options are attractive, or when none of the options is attractive.
question
_____ is referred to as emotional disagreement directed toward other people.
answer
Affective conflict
question
Which of the following should be the first phase in an ideal six-phase decision-making process?
answer
Identifying and diagnosing the problem
question
What is the role of a devil's advocate in constructive conflict?
answer
To criticize ideas and point out problems
question
Marcus Imports is a trading firm that has a stiff, bureaucratic structure. The company has a promotion scheme where people who have finished a certain number of years in service get a pay hike and a promotion. For the manager at Marcus, this decision highlights which of the following types of decisions?
answer
Programmed.Programmed decisions have been encountered and made before. They have objectively correct answers and can be solved by using simple rules, policies, or numerical computations.
question
Which of the following are characteristics of effective goals?
answer
-specific -attainable -measurable
question
Strategic Management process
answer
1-est. mission, values, goals 2-analysis of external opportunities/threats 3-analysis of internal strengths/weaknesses 4-SWOT analysis and strategy formulation 5-strategy implementation 6-strategic control
question
Which of the following are some components of a mission statement?
answer
-what the organization does -who it provides goods/services to -company's values
question
The process of assessing how well one company's basic functions and skills compare to those of another company or set of companies is known as
answer
benchmarking
question
A tacticle level plan requires a moderate amount of detail and involves the____level of management
answer
middle
question
Which of the following correctly describes a corporate strategy:
answer
-It ID's a set of businesses, markets, or industries the company competes in -it ID's the distribution of resources among a company's business.
question
T/F Two types of resources are tangible and quantifiable
answer
F/ the two types are tangible and intangible
question
There are several things at a minimum, a plan should include. Which of the following?
answer
-obstacles that may develop while attaining the goal -an outline of alternatives that may lead to goal attainment -resources required to reach the goal
question
In the planning process the targets or ends that managers want to pursue are:
answer
goals
question
A _____ strategy identifies a set of businesses, markets, or industries in which the organization competes and the distribution of resources among those businesses
answer
corporate
question
a _____ strategy involves expanding the domain of the org into supply channels or to distributors
answer
vertical integration
question
T/F A strategic vision helps a company understand its past so it can succeed in the present
answer
F---its solely focused on future
question
The mission and vision of the org drive the_____, the 2nd component of the strategic management process
answer
analysis of the external environment
question
Which of the following tasks are typically conducted by managers in the goal and plan evaluation step of the formal planning process?
answer
-prioritize and, if necessary, eliminate goals -estimate the costs of each plan -evaluate advantages of each goal and plan
question
Which of the following are necessary for successful implementation of a plan?
answer
-employees must understand the plan -managers and employees must have the resources to implement the plan
question
The actions or means the manager intends to use to achieve goals are known as:
answer
plans
question
A strategic ______ system evaluates whether or not organization outcomes are meeting expectations and taking corrective actions where necessary
answer
control
question
A company making use of a low-cost business strategy attempts to be_____ and offer a standard product
answer
efficient
question
4 conditions necessary for resources to be a source of competitive advantage
answer
-must create customer value -be well organized -difficult to imitate
question
A resource that is ____ and not equally available to all competitors gives the company that has access to that resource a competitive advantage
answer
rare
question
Key drivers of a strategy map
answer
-learning/growth goals -internal goals -customer goals -financial goals
question
How are planning and decision making similar
answer
-both processes lead to an implementation -both processes can be revised as needed -both processes involve evaluating alternatives
question
Stakeholders are groups and individuals who affect and are affected by:
answer
The organizations mission
question
The type of org plan that involves making decisions about the org's long term goal is a ____ plan
answer
strategic
question
Tangible assets
answer
-raw materials -real estate -manufacturing plant -machinery
question
A________ examines time and resource constrains by gathering, interpreting, and summarizing all information relevant to the planning issue
answer
Situation Analysis
question
The type of planning that identifies the procedures and processes, such as delivery schedules, required of the lower levels of the organization is known as ___planning
answer
operational
question
Just possessing a resource, even one that is rare and difficult to imitate, may not be sufficient to attain a competitive advantage. In order to create value for the customer, the resource must also be:
answer
organized
question
A strategic plan specifies organizational-level_____ for up to the next 5 years in the future.
answer
goals.
question
Companies concentrate on a single industry to_____
answer
strengthen their competitive position
question
The monitor and control step of the planning process is the______ step
answer
6th
question
Intangible assets
answer
-corporate culture -technological knowledge -corporate culture
question
When a company has a conglomerate diversification strategy, it expands into_______businesses
answer
unrelated
question
Which of the following are the characteristics of a cash cow, according to the BCG matrix?
answer
-operates in a low-growth market -has a strong competitive position
question
A strategy of____ involves moving into new businesses that are related to the company's original core business.
answer
concentric diversification
question
Which of the following are among the levels of organizational planning?
answer
-operational -strategic -tactical
question
Steps of strategy implementation
answer
-define strategic tasks -create an implementation plan -assess organizational capabilities -develop an implementation agenda
question
Which of the following problems can imede the successful implementation of a company strategy?
answer
-top down senior management style -unclear strategy and conflicting priorities -poor coordination across functions, businesses, or borders
question
Stakeholders are groups and individuals who affect and are affected by
answer
the organization's mission
question
A strategic plan differs from an operational plan in that a strategic plan requires a _____ level of detail while an operational plan requires a ______ level of detail
answer
low; high
question
A_____ business strategy is one where companies attempt to be efficient and offer a standard, no-frills product.
answer
low-cost.
question
A strategic control system has dual responsibilities that seem conflicting: setting goals to encourage _____operations while allowing flexibility to adapt to changing conditions.
answer
efficient
question
Ideally, a vision statement clarifies the long-term direction of the company and its strategic ______
answer
intent
question
A strategic plan involves management at the____ level creating a plan with a ___level of detail
answer
top; low
question
An example of a process that operational planning might be concerned with is:
answer
a production run
question
which of the following tasks are typically conducted by managers in the goal and plan evaluation step of the formal planning process
answer
-estimate the cost of each plan -evaluate advantages of each goal and plan prioritize and, if necessary, eliminate goals
question
A strategic____ system evaluates whether or not organization outcomes are meeting expectations and taking corrective actions where necessary.
answer
control
question
tactical planning occurs at the____level of the organization while operational planning occurs at the _____ level
answer
middle; front line
question
Planning is a decision-making processes so that like other decision making processes, the process can return back to the beginning as a circumstances change. this means the process is:
answer
cyclical
question
______strategic goals evolve from the mission and vision of the organization
answer
strategic goals
question
A _____ approach to planning occurs when top-level executives develop the plans and then communicate them to lower level employees for implementation
answer
top-down
question
in the selection step of the planning process, managers will select the plan they believe to be the:
answer
most feasible
question
Not all companies have core capabilities, but when they do it is because they have resources that are rare, ____, valuable, and organized
answer
not easily imitated
question
When a company is employing a conglomerate diversification strategy, the many businesses that make up the corporation ma be referred to as a business
answer
portfolio
question
A ____, according to the BCG matrix, is a company with a strong competitive position in a high growth market
answer
star
question
The primary difference between tactical and operational plans is that tactical plans have a time horizon of _____ while operational plans only over a few months
answer
1-2 years
question
______ is the planning step where the plan is executed by taking action
answer
implementation
question
when a company does something particularly well relative to its competitors, it can be said to have a
answer
core capability
question
According to the BCG matrix, a dog is a company that has a weak competitive position in a ______ market
answer
low-growth
question
A company that currently operating in a ____, mature, or threatened industry might benefit by diversifying into an unrelated industry
answer
slow-growth
question
effective goals specify a _____ so that employees know when to deliver the results
answer
target date
question
to be effective, strategic, tactical, and operational plans must be_____, which means they are consistent, mutually supportive, and focused on achieving the common purpose and direction of the organization
answer
aligned
question
A goal is specific so that:
answer
it describes particular behaviors or outcomes
question
an internal analysis helps decision makers better understand their firm's existing functions, ____, and skills
answer
resources
question
the best way for companies to make use of the environmental data they collect is:
answer
through expert quantitative analysis
question
a relevant goal is one that will the org achieve its:
answer
objectives
question
one critical task in environmental analysis is forecasting, which means
answer
predicting future trends
question
A company in a ____ growth market and with a strong competitive position in that market is known as a star in the BCG matrix
answer
high
question
3rd step of 6 steps of planning is:
answer
goal and plan evaluation
question
buyers, suppliers, competitors, govt. and regulatory agencies are all____
answer
stakeholders
question
4th step in the formal planning process is
answer
goal and plan selection
question
often. companies seeking to diversify their portfolio of businesses might choose to do so through______
answer
mergers/acquisitions
question
the type of plan that translates broad strategic goals and plans into specific goals and plans that are relevant to a particular function is known as a _____ plan
answer
tactical
question
environmental analysis examines?
answer
economic and tech factors
question
Components of a mission statement
answer
-what org does -who it provides goods/services to -the company's values
question
a strategy of concentric diversification involves moving into new businesses that are related to the company's original____ business
answer
core
question
the monitor and control step of the planning process is the _____ step
answer
6
question
characteristics of effective goals
answer
-measurable -attainable -specific
question
Targets or ends that managers want to reach
answer
goals
question
While a business strategy specifies how particular business units will compete, a _____ strategy specifies which businesses a company should be in
answer
corporate
question
Should be included in a plan
answer
-resources req to reach the goal -obstacles that may develop while attaining the goal -outline of alternatives that may lead to goal attainment
question
_____ is considered as an activity of the external environment of an organization.
answer
Macroeconomic analysis. Macroeconomic conditions are the economic factors that affect supply, demand, growth, competition, and profitability within the industry. It is an activity involved in the external environment of the organization.
question
In a SWOT analysis, the absence of reliable suppliers would be considered as a(n):
answer
weakness. SWOT analysis helps managers summarize the relevant, important facts from their external and internal analyses. Weaknesses might be lack of spare production capacity and the absence of reliable suppliers.
question
The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle.
answer
strategy-mapping. The similarities between decision making and planning includes the fact that both move not just in one direction but in a cycle. The outcomes of decisions and plans are evaluated, and if necessary, they are revised.
question
In the BCG matrix, high growth, weak-competitive-position businesses are called _____.
answer
Question Marks. High-growth, weak-competitive-position businesses are called question marks. They require substantial investment to improve their position; otherwise divestiture is recommended.
question
Which of the following is true of strategic planning?
answer
Strategic plans have a strong external orientation. Strategic planning involves making decisions about the organization's long-term goals and strategies. Strategic plans have a strong external orientation and cover major portions of the organization. Senior executives are responsible for the development and execution of the strategic plan, although they usually do not formulate or implement the entire plan personally.
question
A(n) _____ illustrates the four key drivers of a firm's long-term success, and shows how goals in each area are linked to others.
answer
strategy map One method for aligning the organization's strategic and operational goals is a strategy map. It illustrates the four key drivers of a firm's long-term success, and it shows how specific plans and goals in each area link to the others and can generate real improvements in an organization's performance.
question
Which of the following is true of operational planning?
answer
It identifies specific plans and procedures. Operational planning identifies the specific procedures and processes required at lower levels of the organization. Frontline managers usually focus on routine tasks such as production runs, delivery schedules, and human resource requirements.
question
The planning level with the shortest time horizon is known as _____ planning.
answer
operational
question
_____ provides individuals and work units with a clear map to follow in future activities.
answer
Planning. Planning provides a clear map to follow in future activities; at the same time this map may be flexible enough to allow for individual circumstances and changing conditions.
question
The letter S in the acronym SMART stands for:
answer
Specific
question
The BCG matrix categorizes businesses within a conglomerate's portfolio as dogs, stars, question marks, and _____.
answer
cash cows
question
A _____ system is a component of the strategic management process designed to support managers in evaluating the organization's progress with its strategy and, when discrepancies exist, taking corrective action.
answer
strategic control The final component of the strategic management process is strategic control. A strategic control system is designed to support managers in evaluating the organization's progress with its strategy and, when discrepancies exist, taking corrective action.
question
A vertical integration strategy is a strategy:
answer
hat involves expanding the domain of the organization into supply channels or to distributors. A vertical integration strategy involves expanding the domain of the organization into supply channels or to distributors. Vertical integration generally is used to eliminate uncertainties and reduce costs associated with suppliers or distributors.
question
The strategy an organization uses to build competitive advantage by being unique in its industry or market segment along one or more dimensions is known as a(n) _____ strategy.
answer
differentiation
question
Benchmarking is the process of assessing how well one company's basic functions and skills compare with:
answer
those of another company. To assess and improve performance, some companies use benchmarking, the process of assessing how well one company's basic functions and skills compare with those of another company or set of companies. The goal of benchmarking is to thoroughly understand the "best practices" of other firms and to undertake actions to achieve both better performance and lower costs.
question
Which of the following takes place after a firm formulates its strategy?
answer
Strategy implementation
question
_____ include sets of actions to be taken when a company's initial plans have not worked well or if events in the external environment require a sudden change.
answer
Contingency plans
question
The most effective _____ statements inspire organization members, offering a worthwhile target for the entire organization to work together to achieve.
answer
visionThe most effective vision statements inspire organization members. They offer a worthwhile target for the entire organization to work together to achieve. Often these statements are not strictly financial because financial targets alone may not motivate all organization members.
question
The coordinated series or sequence of functional activities necessary to transform inputs such as raw materials or professional skills into the finished goods or services customers value and want to buy. is called the:
answer
value chain
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New