MGMT 301 Exam 1 – Flashcards
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management
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getting work done through others
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efficiency
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getting work done with a minimum of effort, expense, or waste
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effectiveness
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accomplishing tasks that help fulfill organizational objectives such as customer service and satisfaction
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planning
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the process of determining the organization's desired future position and deciding how best to get there
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organizing
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the process of designing jobs, grouping jobs into manageable units, and establishing patterns of authority among jobs and groups of jobs
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leading
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the process of motivating members of the organization to work together toward the attainment of organizational goals
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controlling
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the process of monitoring and correcting the actions of the organization and its people to keep them headed toward their goals.
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Mintzber's Managerial Roles
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Interpersonal, Informational, Decisional
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Interpersonal Roles
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figurehead, leader, liaison
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Informational Roles
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monitor, disseminator, spokesperson
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Decisional Roles
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entrepreneur, disturbance handler, resource allocator, negotiator
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Frederick W. Taylor
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Father of Scientific Management
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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
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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 nonmanagerial employees who are directly responsible for producing the company's products or services
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team leaders
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managers responsible for facilitating team activities toward goal accomplishment
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figurehead role
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the interpersonal role managers play when they perform ceremonial duties
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leader role
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the interpersonal role managers play when they motivate and encourage workers to accomplish organizational objectives
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liaison role
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the interpersonal role managers play when they deal with people outside their units
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monitor role
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the informational role managers play when they scan their environment for information
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disseminator role
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the informational role managers play when they share information with people outside their departments or companies
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spokesperson role
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the informational role managers play when they share information with people outside their departments or companies
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entrepreneur role
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the decisional role managers play when they adapt themselves, their subordinates, and their units to change
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disturbance handler role
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the decisional role managers play when they respond to severe problems that demand immediate action
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resource allocator role
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managers decide who will get what resources and how many resources they will get
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negotiator role
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the decisional role managers play when they negotiate schedules, projects, goals, outcomes, resources, and employee raises
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technical skills
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the ability to apply the specialized procedures, techniques, and knowledge required to get the job done
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human skills
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the ability to work well with others
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conceptual skills
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the ability to see the organization as a whole, understand how the different parts affect each other, and recognize how the company fits into or is affected by its external environment
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motivation to manage
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an assessment of how enthusiastic employees are about managing the work of others
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viziers
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ancient managers who used the managerial functions of planning, organizing, leading, and controlling
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classical management
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a management theory that emphasized greater workforce productivity
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scientific management
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a management theory that concentrates on increasing workforce productivity
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classical organization theory
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a theory that concentrates on top-level managers and problems of managing the entire organization
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Gantt Chart
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a tool developed by Henry Gantt, that visually depicts the steps in a process, the time and the sequence of steps required to complete the entire project
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bureaucracy
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a management approach based on formal organizational structure with set rules and regulations that rely on the specialization of labor, an authority hierarchy, and rigid promotion and selection criteria
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human relations approach
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a behavioral management theory that focuses on individual working in group settings and in which managers and workers are studied in relation to what occurs in the group
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behavioral science
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a behavioral management theory that views workers as much more complex than the "economic man" described int eh classical approach or the "social man" described in the human relations approach
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decision sciences
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modern management theories decision making, information systems, mathematics, and statistics to aid in making choices
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production management
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a sphere of management science that focuses on manufacturing technology and the flow of material in manufacturing
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operations management
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a sphere of management science that includes the areas of purchasing, materials management, production, inventory and quality control, maintenance, and plant management
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information system
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a computerized system that helps managers make better decisions by permitting them to gather and accurately process large volumes of data
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contingency theory
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a management theory describing the unique aspects of the situation that effect performance such as technology adn the environment
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technology
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the conversion process used in organizations to transform raw materials into a complete product
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kaizen
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the Japanese word for the continuing improvement of everything an organization does
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Theory Z
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a management approach, development by William Ouchi in 1981, that combines American and Japanese management practices
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competitive advantage
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the advantage that can be gained through lower cost or differentiation
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competitive scope
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the breadth of a firm's target within its industry
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cost leadership
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a strategy that involved keeping costs and prives lower than those of competitors
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differentiation
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a strategy that attempts to improve a firm's competitive position by developing unique products
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cost focus
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a competitive strategy that emphasizes gaining advantage through cost control in a narrow market area
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focused differentiation
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a competitive strategy that involves providing a competitive and unique product and/or service to a narrow market area
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adaptive learning
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according to Peter Senge, an early stage that a firm goes through in becoming a learning organization; characterized by learning through adapting to its successes
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generative learning
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according to Peter Senge, a stage that a firm goes through in becoming a learning organization and that requires "seeing the systems" that control events
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Theory X
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the assumption that employees dislike work and are lazy and irresponsible, and must be coerced into work
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Theory Y
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the assumption that employees are creative, enjoy work, seek responsibility, and can exercise self direction
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problem solving
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involves identifying and taking action to resolve problems
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information competency
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the ability to gather and use information to solve problems
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performance threat
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a situation where something is wrong or likely to be wrong
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performance opportunity
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a situation that offers the possibility of a better future if the right steps are taken
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systematic thinking
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approach problems in a rational and analytical fashion
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intuitive thinking
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approaches problems in a flexible and spontaneous fashion
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certain environment
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offers complete information on possible action alternatives and their consequences
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risk environment
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lacks complete information but offers probabilities of the likely outcomes for possible action alternatives
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uncertain environment
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lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternatives
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decision
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a choice among possible alternative courses of action
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programmed decision
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applies a solution from past experience to a routine problem
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nonprogrammed decision
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applies a specific solution that has been crafted to address a unique problem
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Decision Making Process
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1. define the problem 2. generate alternatives 3. consider pro's and con's 4. select an alternative 5. implement 6. evaluate
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ethics
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sets standards of good or bad, or right or wrong, in our conduct
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ethical behavior
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"right" or "good" in the context of a governing moral code
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values
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broad beliefs about what is appropriate behavior
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terminal values
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preferences about desired end states
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instrumental values
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preferences regarding the means to desired ends
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utilitarian view
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ethical behavior delivers the greatest good to the most people
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individualism view
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ethical behavior advances long-term self-interests
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justice view
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ethical behavior treats people impartially and fairly
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procedural justice
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focuses on the fair application of policies and rules
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distributive justice
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focuses on treating people the same regardless of personal characteristics
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interactional justice
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the degree to which others are treated with dignity and respect
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utilitarian approach
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moral decisions are those which produce the greatest good for the greatest number. decision maker optimizes satisfaction for the greatest number of people
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individualism approach
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aka Egoism. acts are ethical when they promote the individual's best long-term interest
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moral rights approach
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people have fundamental rights and liberties that cannot be taken away. the ethically correct decision is the one that best maintains the rights of those affected
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justice approach
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distributive justice, procedural justice, and compensatory justice
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distributive justice
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requires that different treatment of treatment of people not be based on arbitrary characteristics
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procedural justice
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requires that rules be clearly stated and consistently and impartially enforced
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compensatory justice
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argues that the party responsibly should compensate injured individuals
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normative ethics
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how you should behave
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descriptive ethics
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how people really behave
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universalism
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individuals should uphold certain values regardless of the immediate result
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teleology
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considers an act to be morally right or acceptable if it produces a desired result
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deontology
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focuses on people's intentions not the consequences of their actions
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relativism
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defines ethical behavior based on opinions and behaviors of relevant other people
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virtue ethics
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suggests that what is moral must also come from what a mature person with "good" moral character would deem right
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virtue ethics
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suggests that what is moral must also come from what a mature person with "good" moral character would deem right