-Two core principles: people orientation, improvement orientation You will also be required to apply knowledge, general concepts, and principles to specific problems. 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 Further suppose that your economist gives you the following demand and supply functions: Demand: QD=452PQ^{D} = 45 - 2PQD=452P A. Humanistic C. recording all administrative decisions in writing, A. optimizing the work process and training employees to follow it, 1. What is the difference between algorithms and heuristics? Workers were able to eliminate movements in product assembly, making labor more efficient. -Open system: continually interacts with its environment C. planning, organizing, leading, and controlling. -Closed system: little interaction with environment, -Quality control: strategy for minimizing errors by managing each stage of production Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. If so, try out our well-researched quiz. Planning is a A. planning, organizing, directing, and feedback. One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. C. specialist, expert, 1. C. As many stakeholders as practical. -Non-programmed (nonrational) decisions: unique, poorly defined and unstructed, important consequences, The different decision-making environments (certainty, risk, uncertainty and ambiguity), -Certainty: all the info is fully available Your team members are worried about some potential changes in the organization. Research shows that when actions are coordinated and focused on specific outcomes, they are much more effective. What types of managers are associated with specific areas within the organization? Workers were concerned the increased efficiency would mean less work and less pay. Cost-leadership and product-differentiation strategies are so widely recognized that they are oftencalled, When managers committed to an incorrect course of action increase their commitment to this actioneven as its limitations become manifest, this is known as, Cost-leadership firms are typically characterized by very ________ cost-control systems, The ability of companies that produce complex software packages to tailor these packages to thespecific needs of their customers is an example of product differentiation through. Early behaviorism 2. Immediately recall the product. Other participants The supplier's industry is dominated by a small number of firms. B. -Conceptual: broad perspective, consider many options, high tolerance to ambiguity D. Locate the raw materials needed to productions, A. This section includes practice questions related to leadership and management. What type of plan does HR assist in developing that deals with benefits and bonuses? When the company neglects this to make more money, consumers are quick to criticize. -TQM: comprehensive approach led by top management and supported throughout the organization dedicated to improvement, training, customer satisfaction 1. Which of the following bases of product differentiation attempts to create the perception that afirm's products or services are unusually valuable by focusing on links within and between firms? Evaluation plans Management function that involves working with and through people A. a competitive advantage C. Empowerment 1-5 Mid-term Exam","payreferer_url":"\/flashcards\/copy\/strategic-management-ch-1-5-mid-term-exam-6276236","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. These are. Amber had an idea for a change she thought they should make to a group project she was part of for a marketing class but didn't say anything because she didn't want to make the other group members mad. -Responsibility: duty to perform the task or activity the employee has been assigned Hiring staff to support the holiday rush, An example of managerial organizing would be Minimizing the harm to the employees. C. Management D. Compensation plans, Product managers often have to: Cram has partnered with the National Tutoring Association, Strategic Management And Competitiveness Analysis, Strategic Management In Rothaermel's Strategic Management, Porter's Five Forces And External Business Environment, Analysis Of Porter's Five Forces Model For Dollar General, What Are The Three Types Of Organizational Strategy, Business Management: The Importance Of Strategic Management, Strategic Management Ch. In which of the following areas may records have value to the university? A. Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. Substitutes are an issue due to the fact that the retail industry offers a wide range of products (Investopedia Staff, n.d.). In general, first-mover advantages can arise from any of these sources except. Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. C. Do the right thing. A. -conflicts should be resolved by having managers and workers talk over differences and find solutions that satisfy both, work process should be under control of workers with relevant knowledge, Early behaviorism, Elton Mayo, and the principles derived from the Hawthorne effect, -Hawthorne effect: employees work harder if they receive added attention, believe that managers care Carefully review the card and then put it in a special place, 1. SitemapCopyright 2005 - 2023 ProProfs.com. ________ reduces uncertainty and indicates what everyone is expected to accomplish. Tutor WebThe exam contains approximately 100 questions to be answered in 90 minutes. Competitive Advantage. -Incremental budgeting: allocates increased or decreased funds to a department by using the last budget period as a reference point (Choose multiple) A. -Simple: authority in centralized in a single person with few rules and low work specialization -Contemporary: systems, contingency, quality-management, Emphasis on ways to manage work more efficiently, The definition of Scientific Management, its underlying principles, Taylor & Gilbreths, -Scientific management: emphasized scientific study of work methods to improve productivity of individual workers -International Money Fund (IMF): assist in smoothing the flow of money between nations, trading bloc: group of nations within a geographic region that have agreed to remove trade barriers with one another, also known as economic community, Shared set of beliefs, values, knowledge, patters of behavior common to a group of people, -Low context culture: shared meanings are primarily derived from written and spoken words A. Max Weber believed a structured organization, a bureaucracy, would be the most logical and efficient. Some of these are pretest questions that will not be scored. Middle Which is not true concerning corporate downsizing? Recommendations for credit-granting scores from the American Council on Education. -Parochial: narrow view in which people see things solely through their own views Being named the top employer in the state. What should you do if you have trouble communicating with her? The managers most involved in these activities are, 1. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. 1.2.4.5 Process Groups - 7 cards. C. make workers solely responsible for improving their conditions. B. customers, competitors, supplicants, regulations, and advocacy groups Introduction A. corporate values This set includes 80 practice questions divided into two parts. Management activities are often grouped into four categories. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. B. Name B. in your target market Only Project Team. -Organic: decentralized hierarchy of authority, few rules and procedures, shared tasks, many teams, -Differentiation: tendency of the parts of an organization to disperse and fragment 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 What are the 6 sources of cost advantage? E. Manufacturing, . C. in your market, 1. C. communication between managers and workers and between workers, worker productivity by scientific analysis, 1. C. Only the managers. WebQ. D. Money, 0. producer surplus? A. This first step in her planning cycle is called Method of measurement 5. Firms costs fall as a function of production (downward slope). A. mission Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? Why do many interest groups spend their time and money educating citizens on legislative issues and candidates? Managers must motivate employees, negotiate salaries, and encourage employees toward innovation and creativity. -Import quotas: limits on the numbers of a product that can be imported There is a long-standing debate in the business world about the purpose of a company. Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. Operations management is the management of: 1. Administering rewards, Barriers to effective control systems including goal displacement, suboptimization, measurementship and falsifying, -Goal displacement: lack of goal congruence created by the motivation to achieve some goals sought by the organization at the expense of other intended goals Name at least three goods that could be bought as complements to hamburgers. A. This is an example of: C. that human resources hires the right people, B. that the people in the organization support the strategy, 1. WebWho should be involved in Risk Management activities? If you had to trim the budget, which of these could you probably cut with minimal impact to your team members? Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. Scientific Customers demonstrate a preference for the firms offerings. Some of these are pretest questions that will not be scored. B. defining objectives -Uncertainty: managers know which goals they wish to achieve, info is incomplete, may need to develop creative alternatives Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. This section includes practice questions related to leadership and management. A. division of labor WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. 1.00 - 27 cards. -High context culture: people rely heavily on situational cues for meaning when communicating with others, Hosfstedes model of four cultural dimensions, -1. If so, try out our well-researched quiz. Quiz: Are You A Lion, A Tiger, Or A Bear? C. code of ethics, 1. A. that the control systems support the strategy Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. To change production schedules You need to schedule an international conference call with co-workers that includes managers and employees. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. C. Staffing plans B. A firm's ________ is really no more than a socially complex relationship between a firm and itscustomers and can serve as a basis for product differentiation. Find out how you can intelligently organize your Flashcards. Objectives 3. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. (Choose multiple). -Important: work activity was amenable to a rational approach, boost productivity, The Behavioral viewpoint and its progression (three phases): Early behaviorism, the human relations movement and behavioral science, -Behavioral viewpoint: emphasized the importance of understanding human behavior and motivating employees toward achievement C. No, its best to make adjustments for other cultures, 14. Talk to your coworkers. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. Google's management has chosen an unusual, 1. Solve the problem without assigning blame. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. C. set stretch goals for each employee so they'll be motivated to grow, A. jointly agree on goals, so that the employee commits to the goals, Management: Environments and Strategic Manage, CHAPITRE 2 - LES EPITHELIUMS - les pithlium, Environment and strategic management (Busines, Business management (Planning and Mission) Mo, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. Which of the following is a characteristic of a good manager? I. answer choices Planning, directing, organizing and delegating A. political, economic, social, technological, environmental, and legal Kelly is a pediatrician who opened her own office three years ago. Planning is boring. WebStudy with Quizlet and memorize flashcards containing terms like The definition of management, The four key management responsibilities, The concept of organizational performance including efficiency and effectiveness and Write a review of the demo(s)you view and the trial version of any product(s) you test. -Must coordinate the efforts of diverse parts of an organization C. planning, organizing, leading, and controlling. Taylor said managers had responsibilities such as B. economic A good staffing plan D. Equipment upgrades, 19. B. that the people in the organization support the strategy strategic management process), Strategy as an evolving process, responsive to changing conditions and new information, Earning a return in excess of the cost of capital. C. bureaucratic, 1. Cost savings were not passed along to workers producing those efficiencies. Mission -More economic value than competitors. Spotfire-available from www.spotfire.tibco.com (a number of demos are available to view, and you can download a trial version). Carefully review the card and then put it in a special place. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization A. Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. The Gilbreth's research provided many important principles that were later incorporated into You own a company. Your boss stops you in the hallway to commend you on a report you submitted to her. Leading. B. C. an intangible resource, 1. One of his rules was that Better attention to Johnson & Johnson's ________ might have saved the company from litigation and penalties. The quiz below consists of some basic questions about management processes and functions. C. Identify the impact of design delays B. In general, what is a business's most valuable resource? This set includes 80 practice questions divided into two parts. Ask if they have more questions. Employees should be hired on the basis of their interest and desire in the work. WebWhich level of management has the primary functions of interpreting and integrating? Which of the following bases of product differentiation is almost always easy to duplicate? -Modular: firm assembles product chunks, or modules, provided by outside contractors, -Mechanistic: centralized hierarchy of authority, many rules and procedures, specialized tasks, formalized communication To improve products answer choices True False Question 2 20 seconds Q. Questions and Answers 1. Which is an advantage of a tall organizational structure? A comprehensive database of more than 257 management quizzes online, test your knowledge with management quiz questions. C. planning, organizing, leading, and controlling. Competition between employees What is the A. 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. And importance of Project management There is a a. planning, organizing, leading and... 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