-Uncertainty: managers know which goals they wish to achieve, info is incomplete, may need to develop creative alternatives 7. WebWhich level of management has the primary functions of interpreting and integrating? Uncertainty avoidance-how strongly do people desire certainty 4. 1.2.4.5 Process Groups - 7 cards. Finances B. While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. Taylor said managers had responsibilities such as What should you say? A. planning, organizing, directing, and feedback. Which is an advantage of a tall organizational structure? B. make manual labor run more efficiently A. This insight is part of The opacity of the language leaves the law open to manipulation on political grounds. 1.2.4.4 -Project Management Processes - 4 cards. D. Equipment upgrades, 19. Carefully review the card and then put it in a special place, 1. -Organizing: development of resources to achieve strategic goals, -Division of labor, tasks are subdivided into jobs, employees perform specialized tasks, jobs are small but efficient, The chain of command, unity of command and the scalar principle, -Chain of command: line of authority that links all persons in an organization, shows who reports to whom Which of the following bases of product differentiation is almost always easy to duplicate? Only Project Team. This is part of the ________ role of managers. Efficiency. Which of the following is NOT a basic management task? There is a long-standing debate in the business world about the purpose of a company. A. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. answer choices Planning, directing, organizing and delegating How can interest groups help their members become informed voters? Management function that involves working with and through people Develop management systems 7. The threat of direct competition tends to be high when. Follow a product through its lifecycle C. Product design schedules -Rewards for cost reduction (employee incentives), Generate economic value by having lower costs than rivals, -Generate economic value by offering a good or service that provides greater perceived benefits than those of rivals, -Almost anything can be a base of differentiation -A wide range of customers needs can be filled by a wide range of bases of differentiation, -Many methods for differentiating the product or service, -Cost leadership and differentiation can co-exist in the same firm, however mangers must set priorities. Date When designing a new product, a good schedule helps management? C. an intangible resource, 1. A. government regulations If you had to trim the budget, which of these could you probably cut with minimal impact to your team members? B. Which is a limitation of scientific management? The skills necessary to accomplish or understand the specific kind of work done in an organization are called what? A. A. B. control, which can correct staff actions with feedback Strategic management is a method used by fi Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; (1) Accounting Measures and/or (2) Economic Measures, audio not yet available for this language, Define the Strategic Management Process & Identify the Stages, sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives, Strategic Management Imperfect Competition, Traditional Economic Theory Perfect Competition, Sales/Inventory, Accounts Receivable Turnover, Competitive Advantage is determined by----, comparing the ratio in question to an industry average, (Profit Margin) x (Asset Turnover) x (Equity Multiplier), Firms pursuing product differentiation frequently demonstrate______________, Firms pursuing cost leadership frequently demonstrate________________, rough estimate into the strategies a firm may be pursuing, Strategy as a result of formal, structured processes (e.g. Testing to ensure quality products B. set goals for each employee and then evaluate them quarterly Leading. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. Goal The training, experience, judgment, intelligence, relationships and insight of individual managersand workers in a firm are examples of, The VRIO assumption that some of the resource and capability differences among firms may belong lasting because it may be very costly for firms without certain resources and capabilities todevelop or acquire them is known as, Resources and capabilities, such as interpersonal relations among managers and a firm's culture,that may be costly to imitate because they are beyond the ability of firms to systematically manageand influence are referred to as, To the extent that a firm's resources and capabilities enhance a firm's competitive position byenabling a firm to exploit its opportunities or neutralize its threats, these resources and capabilitiesare valuable and are known as, Resources that generate a temporary competitive advantage are. In general, what is a business's most valuable resource? Individualism/collectivism 2. Your schedule C. Try and find out who caused the problem. B. commitment to the plan What is the four functions of management? Determine the quality of the product Method for evaluating performance 7. -Midlife stage: period of growth evolving into stability What types of managers are associated with specific areas within the organization? His concept was to engage the employee's intrinsic motivation. The exam contains approximately 100 questions to be answered in 90 minutes. B. -Feedback: organizations outputs, post actions, output control, The three tasks of performance management systems, -Must be able to influence people decisions and actions in an appropriate direction C. impersonality, 1. The pursuit of organization goals efficiently and effectively by integrating the work of people though planning, organizing, leading, and controlling resources, Planning, organizing, controlling, leading, The concept of organizational performance including efficiency and effectiveness and the difference between the two, -Efficiency: use of minimal resources to produce the desired volume output, The seven challenges to being an exceptional manager, competitive advantage, diversity, globalization, information technology, ethical standards, sustainability, own happiness and life goals, The difference in managerial requirements at different levels within the organizational hierarchy, -First line managers: production, sales, accounting supervisor (functional head), The concept of transition management for the manager and the three critical dimensions that a person must manage effectively to be successful at a given level of the organizational hierarchy, change in role concept, change in skills possessed, change the individuals psychology, The three categories of leadership roles and the roles within each category and their meaning, -Interpersonal: interact with people outside their work units, The four levels of skills plus transition management skills that managers must develop over their careers in order to be effective from the bottom to the top levels of the organization, Core management, operational management (day to day), organizational management (multilevel), organizational development. Plus one for every level: transition management, The transition in management skill emphasis as one progresses upwards in management, knowing how to transition to the next step in managing, The concept of evidence based management (Pfeffer and Sutton), Evidence based management: translating principles based on best evidence into organizational practice, bringing rationality to the decision making process, The two overarching perspectives about management, -Historical: classical, behavioral, quantitative XAT January 2013: Verbal and Logical Ability Solved Question Paper. Management can be approached as either, 1. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. Only Project Manager. Ask your manager to solve the problem. -Values: things that organizations hold most dear Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. D. Further investigate the situation. Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. Processes that create products A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. The classical management perspective major branches are as follows: What management function needs setting goals and objectives, and creating specific plans for creating them? Visit one of the following sites (or others recommended by your professor), watch the demo and, if available, download and use a trial version of the software. -Satisficing models: managers seek alternatives until they find one that is satisfactory, not optimal, -Bounded rationality and satisficing model: managers seek alternatives until they find one that is satisfactory -RATER scale: enables customers to rate the quality of service along dimensions like reliability, assurance, tangibles, empathy, responsiveness, -Also called lean production, not machines or technology but employee involvement, Sharing financial info and results with all employees, -Financial, customer, internal business, innovation and learning, comprehensive management control system, -Economic value added: company's net operating profit minus the cost of capital invested in the company's tangible assets, Management control tools including Gantt Charts and Pert diagrams, -Gantt charts: Interactive calendar Whatskills refer to the manager's ability to prioritize work, to work efficiently, and to delegate appropriately? 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