Management 3302 – Flashcards

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Efficiency
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Getting work done with minimum effort, expense, or waste
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Effectiveness
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Accomplishing tasks that help fulfil organizational objectives.
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Four functions
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Planning, Organizing, Leading, Controlling
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Top managers:
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Executives responsible for the overall direction of the organization
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Middle managers responsibility
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*Setting objectives consistent with top management's goals *Planning and implementing subunit stragies for achieving the objective
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Middle Manager examples
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Plant manager, regional manager, or divisional manager
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First Line Manager
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Train and supervise the performance of nonmanagerial employees who are responsible for producing a company's goods and services
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First Line Management responsibilities
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Monotoring, teaching, and short-term planning
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First Line Manager examples:
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Office Manager, shift supervisor, or department manager
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Team leaders
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Managers responsible for facilitating team activities toward goal accomplishment
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Team Leaders assist team members:
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Plan and schedule work Learn to solve problems Work effectively with each other
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Interpersonal Managerial Role: Figurehead
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Managers perform ceremonial duties
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Interpersonal Managerial Role: Leader
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Managers motivate and encourage workers to accomplish organizational objectives
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Interpersonal Managerial Role: Liaison
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Managers deal with people outside their units
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Informational Managerial Roles: Monitor
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Managers scan their environment for information
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Informational Managerial Roles: Disseminator
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Managers share the collected information with their subordinates and others in the company
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Informational Managerial Roles: Spokesperson
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Managers share information with people outside their departments or companies
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Decistional Managerial Roles: Entrepreneur
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Managers adapt themselves, their subordinates, and their units to change
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Decistional Managerial Roles: Disturbance Handler
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Managers respond to pressures and problems that demand immediate attention and action
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Decistional Managerial Roles: Resource Allocator
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Managers decide who gets what resources and in what amounts
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Decistional Managerial Roles: Negotiator
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Managers negotiatie schedules, projects, resources, and employee raises
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Management Technical Skills
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Specialized procedures, techniques, and knowledge required to get the job done
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Management Human Skills
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Ability to work well with others
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Management Conceptual Skills
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Ability to: *See the organizational as a whole, understand how the different parts affect each other *Recognize how the company fits into or is affected by its environment
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Management Motivation to Manage
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Assessment of how enthusiastic employees are about managing the work of others
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One of top ten mistakes made by managers:
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1. Insensitive to others:abrasive, intimidating, buyllying style 2. Cold, aloof, arrogant 3. Betray trust 4. Overly ambitious: thinking of next job, playing politics 5. Specific performance problems with the business 6. Overmanaging: unable to delegate or build a team 7. Unable to staff effectively 8. Unable to think strategically 9. Unable to adapt to boss with different style 10. Overdependent on advocate or mentor
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Employment Security (Competitive Advantage0
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Employees can innovate and increase the profitabliity of an organization without the fear of losing their job
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Selective hiring (Comptetitive Advantage)
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Companies need to hire the best talent due to the presence of employment security
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Self-Managed Teams (Competitive Advantage)
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Produce high productivity through increased employee commitment and creativity
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Decenteralization (Competitive Advantage)
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Allows employees closest to the problems, productions, and clients, to make timely decisions
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High wages are contigent on
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Organizational Performance
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High Wages indicates the organization values its employees.
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True
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High remuneration helps an organization attract talented employees and retain existing employees
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True
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Companies need to invest resources in the training employees to ensure skill development
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True
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Reduction of status differences
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Leads to employees concentrating on work related issues rather than biases and prejudices of the management
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Sharing information:
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Helps employees participate in the decision making process
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Functions of management are:
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Planning, organizing, controlling, and leading
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Kinds of managers are:
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Top, middle, first-line, and team leaders
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Roles played by managers include:
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interpersonal, informational, and decisional
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Skills essential for managers are:
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Technical, human, and conceptual skills
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Companies look for a total of four sets of skills in individuals to identify potential managers. These desired skills are technical skills, human skills, conceptual skills, and motivation to manage.
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True
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A manager striving to improve orgizational ____________ is accomplishing tasks that help fulfill organizational objectives.
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effectiveness
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Top managers are responsible for creating a context for change in the organization.
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True
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Upper-level managers may actually spend more time dealing with people than lower-level managers
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True
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A manager engaged in the management function of __________ is monitoring progress toward goal acheivment and taking corrective action when needed.
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Controlling
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Which type of skills tends to be most important to the success of lower-level managers?
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Technical Skills
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The four classical functions of management are (1) making things happen, (2) meeting the competition, (3) organizing people, projects, and processes, and (4) leading.
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False
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Which skills increase in their importance to success as managers rise through the managerial ranks?
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Conceptual skills and the motivation to manage
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Typical responsibilities for _____________ include setting objectives consistent with organization goals and then planning and implemmenting the subunit strategies for achieving these goals.
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middle managers
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Managers who train and supervise the performance of nonmanagerial employees, and who are directly responsible for producing the company's products or services, are categorized as:
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first-line managers
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Top managers
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Hold positions like chief executive officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), and Chief Information officer (CIO) and are all responsible for the overall direction of the organization.
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Middle managers
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Responsible for setting objectives consistent with top management's goals and for planning and implementing subunit strategies for achieving these objectives.
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First line managers
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Train and supervise the performance of non-managerial employees who are directly responsible for producing the company's products or services.
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First line managers are the only managers who do not supervise other managers.
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True
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Interpersonal roles subroles:
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Figurehead role, leader role, liaison role
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The figurehead role
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Managers perform ceremonial duties like reading company visitors, speaking at the opening of a new facility, or representing the company at a community lunch and to support local charities.
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