Essentials of Contemporary Management – Flashcards

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Management
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planning, organizing, leading and controlling of human and other resources to achieve organizational goals efficiently and effectively
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efficiency
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measure of how productively resources are used to achieve a goal
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effectiveness
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measure of the appropriateness of the goals that managers have selected for the organization and of the degree to which the organization achieves these goals
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planning
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identifying and selecting appropriate goals; one of the four principal tasks of management
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strategy
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a cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals; outcome of planning
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organizing
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structuring working relationships so organizational members work together to achieve organizational goals; one of the four principal tasks of management
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leading
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articulating a clear vision and energizing and enabling organizational members so that they understand the part they play in achieving organizational goals; one of the four principals of management
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controlling
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evaluating how well an organization is achieving its goals and taking action to maintain or improve performance; of the four principal tasks of management
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conceptual skills
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the ability to analyze and diagnose a situation and to distinguish between cause and effect- top level managers
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human skills
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the ability to understand, alter, lead and control the behavior of other individuals and groups
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technical skills
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job specific knowledge and techniques required to perform an organizational role (engineers) lower level
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schneider ASA framework
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attraction selection attrition
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big 5 personality framework (OCEANS)
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extroversion-positive affectivity, high sales, high customer relations
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neuroticism
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negative affectivity, devil's advocate, very critical, high quality control
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agreeableness
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likeability scale, good in team setting, get along well with others
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conscientousness*
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most consistently related to performance, detail-oriented, organized, self disciplined, careful
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openness to experience
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broader interests, willing to take risks
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locus of control
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internal = highly motivated, external = based on luck, deflating
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self-monitoring
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good at paying attention to social cues, high sales; if low = consistent behavior in all situations, devil's advocate, honest feedback
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self-esteem
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low = need more nurturing, high - motivated to take on a challenge
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McClelland Needs
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1. Need for achievement, 2. Need for affiliation *3. Need for power
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Ability
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in order to affectively manage ability - selection = nature, placement = nature (placing people where they best fit) training = nurture
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work values - extrinsic
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consequences of work - pay, salary, job security, benefits
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work values - intrinsic
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work itself - wanting to be challenged, autonomy(freedom to make decisions), responsibility, opportunity to grow, learn, develop
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job satisfaction determinants
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personality-extroversion, values/alignment, work situation*, social influence - coworkers
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facet model
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pay, benefits, vacation, job safety, job security 1-5 scale, very dissatisfied -->very satisfied, 60 or better is a good score
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Herberg's Two Factor Theory - hygiene
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Hygiene(extrinsic) dissatisfied --> not dissatisfied
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Herberg's Two Factor Theory - motivators
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intrinsic, not satisfied --> satisfied
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Steady-state model
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personality dictates where start location is on model
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JS ---> performance
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positive relationship/moderate
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JS ---> OCBs
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positive moderate/strong
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JS ---> employee well-being
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positive moderate/strong
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JS ---> absenteeism
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negative/weak
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JS ---> turnover(quitting)
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negative/moderate, not always a bad thing
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JS ---> customer satisfaction
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positive moderate
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JS --->workplace deviance
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negative moderate
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organizational commitment
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how the employee feels about the organization as a whole
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theory x
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the average worker is lazy, dislikes work and will try to do as little as possible; manager must supervise them closely and control their behavior by means of "the carrot and the stick" - rewards and punishments
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theory y
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assumes that workers are not inherently lazy, will do what is good for the organization
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rules of governing ethical decision making - utilitarianism
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greatest good for the greatest number - pleasure/pain - majority rules
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moral rights rule
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golden rule - maintains and protects fundamental inalienable rights and priveleges
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justice rule
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fairness, impartial, equitable, distribution of harms and benefits
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practical rule
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accepted standards and practice, significant other expectations
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kohlberg's theory of cognitive moral development - preconventional level
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stage 1: punishment avoidance stage 2: exchanges, fair for oneself
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kohlberg's theory of cognitive moral development - conventional level
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stage 3: significant others' expectations stage 4: society's laws & rules majority of people are here (look outside for guidance)
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kohlberg's theory of cognitive moral development - principal level
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stage 5: principles of moral rights justice, "self" less than 20%
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glass ceiling
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invisible barrier preventing women and minorities from moving up corporate ladder
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glass elevator
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discriminates against women; men move up the ladder at a faster pace than women
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sexual harassment - quid pro quo
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"this for that" asking employee to perform sexual favor in exchange for some award, or punishment avoidance
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steps to eradicate sexual harassment
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develop/clearly communicate, fair complaint procedure, take corrective action immediately, provide education/training to all members and managers
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hofstede's national culture
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individual/collectivism, power distance - whether society allows for a large gap between upper and lower class, achievement vs. nurturing, uncerainty avoidance - risk, tolerance for risk, short term vs. long term, demographic forces, political & legal forces
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global environment
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set of forces and conditions in the world outside an organization's boundary that affect the way it operates and shape its behavior - present managers with opportunities and threats
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task environment
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set of forces and conditions that originate with suppliers, distributors, customers, and competitors - most immediate and direct effect on managers
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general environment
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wide-ranging global, economic, technological, sociocultural, demographic, political and legal forces
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mission statement
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broad declaration - declares organization's purpose, identifies their product, serves to differentiate from competitors
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steps in planning process
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determine org's mission and goals, formulate the strategy, implement the strategy
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Jay Barney VRIO framework
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sustaining a competitve advantage - resources and capabilities; in order to sustain an above industry average and long-term competitive advantage organization must be valuable, rare, inimitable, and organized
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Porter's Five forces model (threats)
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-level of rivalry - competitors -potential for entry - competitors - power of the supplier - suppliers - power of the customer - customer -substitutes - competitor
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direct supervision
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is the most immediate and potent form of control
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clan control
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value, norms of control
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Skinner's Operant Conditioning
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behavior vs. consequence - people learn when they make the connection between behavior and consequence
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desired behavior results in...
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positive reinforcement = more time off, increased learning negative reinforcement - creating a threat
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groupthink
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pattern of faulty and biased decision making that occurs in groups whos members strive for agreement among themselves at the expense of accurately assessing information relevant to a decision
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nominal group technique
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group members write down ideas and solutions, read their suggestions to the whole group and discuss and then rank alternatives
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production blocking
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a loss of productivity in brainstorming sessions due to the unstructured nature of brainstorming
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delphi technique
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group members do not meet face to face but respond in writing to questions posed by the group leader
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equal pay act 1963
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requires that men and women be paid equally if they are performing equal work
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title 7 of civil rights
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prohibits discrimination in employment decisions on basis of race, religion, sex, color or national origin - includes hiring, firing, pay, promotion, and working conditions
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age discrimination in employment
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prohibits discrimination against workers over the age of 40
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ADA
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Americans with Disabilities Act - prohibits discrimination against disabled individuals
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low-cost strategy
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managers try to gain a competitive advantage by focusing the energy of all the organization's departments or functions on driving the company's costs down below the costs of its industry rivals
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differentiation strategy
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distinguishing an organization's products from the products of competitors on dimensions such as product design, quality or after-sales service
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fixed reinforcement
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fixed interval(element of time) = salary fixed ratio(# of actions or behaviors) = commission fixed = specific
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variable reinforcement
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variable interval(element of time) - evaluations variable ratio(# of actions or behaviors) - compliments variable = average
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punishment
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-make sure you do not punish with an audience -punish behavior, not the person(don't attack the individual) -downplay emotional element -punish the behavior immediately -provide an example of what you'd like to see
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economist view of motivation
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pay is the key motivating factor
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job enlargement
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increasing the number of different tasks in a given job by changing the division of labor
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job enrichment
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increasing the degree of responsibility a worker has over his or her job
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organization change
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the movement of an organization away from its present state and toward some desired future state to increase efficiency and effectiveness
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agency theory
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a theory of the relationship between principals and their agents; board vs. CEO
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efficiency wage theory
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look at industry average and do it better
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maslow's hierarchy of needs
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self-actualization(learning and development) esteem(recognition) belongingness(working relations) society needs(job security) physiological(pay)
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Aldefer's E->R->G
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Growth- self-actualization Relatedness->belongingness Existence->pay
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equity theory - ratio
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inputs/outcomes the self is looking at what they put in, over what they get out ways to restore = change inputs, outcomes, referent, perception, quit/leave
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referent
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coworker, self @ different time/job, expectation
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expectancy theory
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effort --->performance ---> outcome ^^expectancy ^^instrumentality ^^valence expectancy explains relationship between effort and performance instrumentality explains relationship between performance and outcome
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situational leadership model
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*ability and willingness** leader style - s1 - telling, s2 - selling(telling and explain why something is done a certain way), s3 - participating(getting individual involved), s4 - delegating(empowerment)
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benchmarking
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the process of comparing one company's performance on specific dimensions with the performance of other, high-performing organizations
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