Management Test 3 USF – Flashcards

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motivation
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forces that energize, direct, and sustain a person's efforts
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goal-setting theory
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a motivation theory stating that people have conscious goals that energize them and direct their thoughts and behaviors toward a particular end
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stretch goals
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targets that are particularly demanding, sometimes even thought to be impossible
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law of effect
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a law formulated by Edward Thorndike in 1911 stating that behavior that is followed by positive consequences will likely be repeated
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reinforcers
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positive consequences that motive behavior
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organizational behavior modification (OB MOD)
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the application of reinforcement theory in organization settings
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positive reinforcement
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applying a consequence that increases the likelihood of a person repeating the behavior that led to it
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negative reinforcement
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removing or with holding an undesirable consequence
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punishment
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administering an aversive consequence
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extinction
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withdrawing or failing to provide a reinforcing consequence
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expectancy theory
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a theory proposing that people will behave based on their perceived likelihood that their effort will lead to a certain outcome and on how highly they value that outcome
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expectancy
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employees' perception of the likelihood that their efforts will enable them to attain their performance goals
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outcome
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a consequence a person receives for his or her performance
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instrumentality
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the perceived likelihood that performance will be followed by a particular outcome
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valence
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the value an outcome holds for the person contemplating it
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Maslow's need hierarchy
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a human needs theory postulating that people are motivated to satisfy unmet needs in a specific order
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Alderfer's ERG theory
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a human needs theory postulating that people have three basic sets of needs that can operate simultaneously
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extrinsic rewards
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rewards given to a person by the boss, the company, or some other person
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intrinsic reward
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reward a worker derives directly from performing the job itself
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job rotation
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changing from one routine task to another to alleviate boredom
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job enlargement
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giving people additional tasks at the same time to alleviate boredom
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job enrichment
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changing a task to make it inherently more rewarding, motivating, and satisfying
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two-factor theory
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Herzberg's theory describing two factors affecting people's work motivation and satisfaction
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hygiene factors
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characteristics of the workplace, such as company policies, working conditions, pay, and supervision, that can make people dissatisfied
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motivators
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factors that make a job more motivating, such as additional job responsibilities, opportunities for personal growth and recognition, and feelings of achievement
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growth need strength
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the degree to which individuals want personal and psychological development
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empowerment
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the process of sharing power with employees, thereby enhancing their confidence in their ability to perform their jobs and their belief that they are influential contributors to the organization
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equity theory
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a theory stating that people assess how fairly they have been treated according to two key factors: outcomes and inputs
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procedural justice
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using a fair process in decision making and making sure others know that the process was as fair as possible
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quality of work life (QWL) programs
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programs designed to create a workplace that enhances employee well-being
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psychological contract
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a set of perceptions of what employees owe their employers, and what their employers owe them
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group
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a collection of people who interact to undertake a task but do not necessarily perform as a unit or achieve significant performance improvements
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team
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a small number or people with complementary skills who are committed to a common purpose, set of performance goals, and approach for which they hold themselves mutually accountable
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work teams
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teams that make or do things like manufacture, assemble, sell, or provide service
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project and development teams
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teams that work on long-term projects but disband once the work is completed
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parallel teams
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teams that operate separately from the regular work structure, and exist temporarily
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management teams
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teams that coordinate and give direction to the subunits under their jurisdiction and integrate work among subunits
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transnational teams
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work groups composed of multinational members whose activities span multiple countries
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virtual teams
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teams that are physically dispersed and communicate electronically more than face-to-face
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traditional work groups
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groups that have no managerial responsibilities
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quality circles
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voluntary groups of people drawn from various production teams who make suggestions about quality
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semiautonomous work groups
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groups that make decisions about managing and carrying out major production activities but get outside support for quality control and maintenance
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autonomous work groups
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groups that control decisions about and execution of a complete range of tasks
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self-designing teams
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teams with the responsibilities of autonomous work groups, plus control over hiring, firing, and deciding what task members perform
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self-managed teams
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autonomous work groups in which workers are trained to do all or most of the jobs in a unit, have no immediate supervisor, and make decisions previously made by first-line supervisors
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social loafing
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working less hard and being less productive when in a group
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social facilitation effect
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working harder when in a group than when working alone
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norms
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shared beliefs about how people should think and behave
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roles
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different sets of expectations for how different individuals should behave
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task specialist
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an individual who has more advanced job-related skills and abilities than other group members possess
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team maintenance specialist
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individual who develops and maintains team harmony
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cohesiveness
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the degree to which a group is attractive to its members, members are motivated to remain in the group, and members influence one another
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gatekeeper
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a team member who keeps abreast of current developments and provides the team with relevant information
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informing
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a team strategy that entails making decisions with the team and then informing outsiders of its intentions
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parading
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a team strategy that entails simultaneously emphasizing internal team building and achieving external visibility
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probing
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a team strategy that requires team members to interact frequently with outsiders, diagnose their needs, and experiment with solutions
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conflict
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a process in which one party perceives that its interests are being opposed or negatively affected by another party
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avoidance
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a reaction to conflict that involves ignoring the problem by doing nothing at all, or deemphasizing the disagreement
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accommodation
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a style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests
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compromise
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a style of dealing with conflict involving moderate attention to both parties' concerns
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competing
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a style of dealing with conflict involving strong focus on one's own goals and little or no concern for the other person's goals
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collaboration
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a style of dealing with conflict emphasizing both cooperation and assertiveness to maximize both parties' satisfaction
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superordinate goals
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higher-level goals taking priority over group goals
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mediator
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a third party who intervenes to help others manage their conflict
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communication
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the transmission of information and meaning from one party to another through the use of shared symbols
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one-way communication
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a process in which information flows in only one direction - from the sender to the receiver, with no feedback loop
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two-way communication
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a process in which information flows in two directions - the receiver provides feedback, and the sender is receptive to the feedback
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perception
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the process or receiving and interpreting information
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filtering
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the process of withholding, ignoring, or distorting information
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virtual office
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a mobile office in which people can work anywhere as long as they have the tools to communicate with customers and colleagues
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media richness
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the degree to which a communication channel conveys information
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reflection
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process by which a person states what he or she believes the other person is saying
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downward communication
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information that flows from higher to lower levels in the organization's heirarchy
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coaching
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dialogue with a goal of helping another be more effective and achieve his or her full potential on the job
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open-book management
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practice of sharing with employees at all levels of the organization vital information previously meant for management's eyes only
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upward communication
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information that flows from lower to higher levels in the organization's hierarchy
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horizontal communication
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information shared among people on the same hierarchical level
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grapevine
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informal communication network
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boundaryless organization
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organization in which there are no barriers to information flow
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control
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any process that directs the activities of individuals toward the achievement of organizational goals
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bureaucratic control
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the use of rules, regulations, and authority to guide performance
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market control
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control based on the use of pricing mechanisms and economic information to regulate activities within organizations
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clan control
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control based on the norms, values, shared goals, and trust among group members
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standard
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expected performance for a given goal: a target that establishes a desired performance level, motivates performance, and serves as a benchmark against which actual performance is assessed
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principle of exception
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a managerial principle stating that control is enhanced by concentrating on the exceptions to or significant deviations form the expected result or standard
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feedforward control
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the control process used before operations begin, including, policies, procedures, and rules designated to ensure that planned activities are carried out properly
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concurrent control
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the control process used while plans are being carried out, including directing, monitoring, and fine-tuning activities as they are performed
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feedback control
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control that focuses on the use of information about previous results to correct deviations from the acceptable standard
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management audit
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an evaluation of the effectiveness and efficiency of various systems within an organization
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external audit
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an evaluation conducted by one organization, such as a CPA firm, on another
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internal audit
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a periodic assessment of a company's own planning, organizing, leading and controlling processes
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budgeting
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the process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences; also called "budgetary controlling"
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accounting audits
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procedures used to verify accounting reports and statements
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activity-based costing (ABC)
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a method of cost accounting designed to identify streams of activity and then to allocate coasts across particular business processes according to the amount of time employees devote to particular activities
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balance sheet
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a report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equity
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assets
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the values of the various items the corporation owns
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liabilities
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the amounts a corporation owes to various creditors
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stockholders' equity
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the amount accruing to the corporation's owners
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profit and loss statement
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an itemized financial statement of the income and expenses of a company's operations
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current ratio
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a liquidity ratio that indicates the extent to which a short-term asset can decline and still be adequate to pay short-term liabilities
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debt-equity ratio
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a leverage ratio that indicates the company's ability to meet its long-term financial obligations
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return on investment (ROI)
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a ratio of profit to capital used, or a rate of return from capital
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management myopia
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focusing on short-term earnings and profits at the expense of longer-term strategic obligations
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balanced scorecard
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control system combining four sets of performance measures: financial, customer, business process, and learning and growth
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transfer price
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price charged by one unit for a good or service provided to another unit within the organization
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technology audit
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process of clarifying the key technologies on which an organization depends
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disruptive innovation
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a process by which a product, service, or business model takes root initially in simple applications at the bottom of a market and then moves "up market," eventually displacing established competitors
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make-or-buy decision
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the question an organization asks itself about whether to acquire new technology from an outside source or develop it itself
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development project
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a focused organizational effort to create a new product or process via technological advances
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organization development (OD)
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the systemwide application of behavioral science knowledge to develop, improve, and reinforce the strategies, structures, and processes that lead to organizational effectiveness
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unfreezing
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realizing that current practices are inappropriate and that new behavior is necessary
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performance GAP
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the difference between actual performance and desired performance
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moving
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instituting change
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force-field analysis
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an approach to implementing Lewin's unfreezing/moving/refreezing model by involving identifying the forces that prevent people from changing and those that will drive people toward change
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refreezing
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strengthening the new behaviors that support the change
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adapters
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companies that take the current industry structure and its evolution as givens, and choose where to compete
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shapers
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companies that try to change the structure of their industries, creating a future competitive landscape of their own design
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Chapter 11 of Karlins: Perfectionism What are some key topic of this chapter?
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- He knew a professor who was a perfectionist (She spent 10% of the time creating the work, and spent 90% of the time fine-tuning it) -There are only a few true reasons to be a perfectionist. (Defusing a bomb in NY city, or petty instances) -Grades: Is is really necessary to spent so much time studying to get all A's and have no free time when you can get A's and B's and enjoy free time and extracurriculars and still have the same potential as those with straight A's? The cost of perfectionism usually isn't worth all the time and hassle
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Chapter 12 of Karlins: Healthy Lifestyle What are some key topic of this chapter?
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- Wendy Johnson (She was moving up in her career ladder quickly, but she died at age 45 because she had poor health) - Stress: Many dangers of stress (Heart attack and other health issues, loss of friends from over-acting, etc) & there is not room for excessive stress in your life - Relaxation Response (Basically meditating): 1. Find a calm environment, 2. find a mental device to repeat (Ommm) 3. Keep a passive attitude 4. Stay in a comfortable position. - Type A or B personality - What am I and how does one make the best of their personality -Practice personal ecology (Make a healthier lifestyle, be happier, have a more productive lifestyle)
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Chapter 13 of Karlins: Battles What are some key topic of this chapter?
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- Choose battles that are worth the fight -Princeton Parking situation -Dropping a class situation -Four rules: -- Don't forget battles you have little change of winning -- Don't engage in battles not worth the fight -- Don't win battles that will cost you the war -- Don't rule out retreat as an eventual path
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Chapter 14 of Karlins: Retirement What are some key topic of this chapter?
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-Retirement - Make sure you have a game plan (financial, happiness, keeping busy, what is your goal?) - Pine box retirement - Not retiring. Working in some complicity until you die - Once you retire boredom and self-worth are big factors of retirement that you want to have under control -Keep in contact with friends to be happy and to keep them happy. You were once so close, why do you have to slip away? (Don't use the excuse ... "I'm to busy")
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Chapter 15 of Karlins: Recap What are some key topic of this chapter?
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This chapter basically just recapped the book. It told a story about a guy climbing the Zenfu mountains and the "old Master" gave insight on how this guy can find enlightenment. Basically the old master told him to read "Life Management 101." Everything is in this book. Re analyze your life while you have time and you are young.It will be worth it.
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