-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. mission statement Google's motto is "Don't be evil." B. Henry Ford 1.00 - 27 cards. -Two core principles: people orientation, improvement orientation A. Supply: QS=15+PQ^{S} = -15 + PQS=15+P. In general, what is a business's most valuable resource? B. 1.2.4.4 -Project Management Processes - 4 cards. This is part of the ________ role of managers. C. Stay quiet until they break the silence. A. industry analysis 1.2.4.5 Process Groups - 7 cards. Management activities are often grouped into four categories. The supplier's industry is dominated by a small number of firms. Taylor's Four Principles of Scientific Management included which of the following? Ask if they have more questions. Leading. B. The Principles of Management exam requires knowledge of human resources and operational and functional aspects of management. B. career orientation Which of the following bases of product differentiation is usually costly to duplicate? Apple's current vision statement was introduced by CEO Tim Cook, who stated, "We believe that we are on the face of the earth to make great products." Prior to Taylor, managers were owners or appointed by the owners with no role beyond oversight. Please upgrade to Cram Premium to create hundreds of folders! Questions and Answers 1. Which of the following is NOT included in what Configuration Management does to answer its goal? Milton Friedman, a famous economist, argued that the only responsibility of company is to increase profits within the rules. Follow a product through its lifecycle 1. Other participants What is the four functions of management? Goals 4. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? -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. in your market, 1. -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 B. The advertisements for the Apple MacBook show an edge-on image of a MacBook with the caption "MacBook: Light. At December 31, 2021, the book value of the equipment was $28 million. D. Marketing of the company's products, Human Resources' main focus is: You found a huge error in a report that is going to the president of the company shortly. Develop operational systems 6. C. recording all administrative decisions in writing, A. optimizing the work process and training employees to follow it, 1. These are. A. -Organizations should operate as communities INTRODUCTION A. 1. -Decentralization: decision authority is pushed downward to lower organizational levels, -Visual representation, set of formal tasks, framework for vertical control, formal reporting relationships, Organization structures: Simple, functional, divisional, Organization structures: how tasks are divided, resources are deployed, and departments are coordinated B. Customers complained, saying they could not buy the product if it was not on the shelves. WebManagement. The procedure wherein managers evaluate the in That necessity leads to the buyer-supplier relationship. The threat of direct competition tends to be high when. 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. A. You should schedule the call at a time that limits the inconvenience to: Domestic U.S. companies conducting a PESTEL analysis consider national growth, employment, inflation, and interest rates. Write a review of the demo(s)you view and the trial version of any product(s) you test. B. clear and coherent manner -Concurrent: assess current work activities, rules and regulations, ensures to produce correct results C. barriers to entry, 1. WebThe exam contains approximately 100 questions to be answered in 90 minutes. The best example of a firm following a cost-leadership business strategy is. (Choose multiple) A. His concept was to engage the employee's intrinsic motivation. Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. producer surplus? Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. We have other quizzes matching your interest. Ask your manager to solve the problem. In any ethical situation, the most important thing is to: Sheryl Sandberg, now COO of Facebook, is great at encouraging fellow employees, but this is usually the ________ role of middle management. WebManagement Flashcards. Computer hardware and software technology, robots used in manufacturing and automatedwarehouses are examples of which type of resources? 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Managers pay careful attention to the external environment of the organization: the economy, proposals for laws that would affect profits, stakeholder demands, and consumer and public relations. Max Weber believed that management should be separate from ownership and managers should be protected from arbitrary dismissal. 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. A. D. Further investigate the situation. The Importance of the Strategic Management Process B. value proposition Controlling may be the most important management function. WebManagement Flashcards. C. Have the best product prices D. Locate the raw materials needed to productions, A. The percentages next to the main topics indicate the approximate percentage of exam questions on that topic. A. government regulations Processes that create products Which of the following attributes makes suppliers a stronger threat? WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. The company could lose a large amount of money if customers find out about the problem. -Conceptual: broad perspective, consider many options, high tolerance to ambiguity D. Customers D. All stakeholders except clients. What are the 4 indicators of barriers to entry? Effectiveness. Introducing Cram Folders! D. Using color-coded file folders for different subjects, D. Using color coded file folders for different subjects. C. planning, organizing, leading, and controlling. Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. Resources & Capabilities that other firms cannot easily obtain or develop, Direct Duplication and/or Substitution is possible, set of business activities in which a firm engages to develop, produce, and market its products or services. Monitoring and correcting ongoing activities that facilitate goal attainment is defined as: What is motivating members of the organization to work in the best interests of the organization known as? C. Ask for a translator to make communication easier. C. Hire the right people to produce the product Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. These are aspects of his rule called But Google still has the basic levels of management, including, top, middle, and first-level management and team leaders, 1. Focus on providing accurate and timely information to them as you get it. Kim, a manager at a chiropractic office, created 12 goals and objectives for her organization. Executives knew there was a problem with the device but continued selling it for years. C. planning, organizing, leading, and controlling. Productivity C. As many stakeholders as practical. If so, try out our well-researched quiz. -Fayol: French engineer and industrialist, first to identify major functions of management, Bureaucracy: Max Weber believed: rational, efficient, ideal organization based on the principles of logic, The Classical viewpoint and the problem with it and why it is important, -Problem: mechanistic, tends to view humans as cogs within a machine What type of plan does HR assist in developing that deals with benefits and bonuses? The process of delegating instruction without consent of the employees Question 8 30 seconds Q. 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"}}. Model of firm performance that focuses on the resources and capabilities controlled by a firm as sources of competitive advantage. Management activities are often grouped into four categories. 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. Planning can delay or prevent action. -Parochial: narrow view in which people see things solely through their own views Simple, Compound and Complex Sentences Quiz. Talk to your coworkers. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. C. make workers solely responsible for improving their conditions. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. A. generic product The five components of industry environment are Which of the following is not a potential source of diseconomies of scale? answer choices Planning, directing, organizing and delegating -Team based: (process) workgroups are used to improve horizontal relations and solve problems throughout the organization -Midlife stage: period of growth evolving into stability -Intuition model: making a choice without the use of conscious thought or logical inference, -Case reality, problem/question, conceptual model, solution, Two dimensions of the personal decision framework, -Dimension 1: reflects the extent to which a person focuses on either task and technical concerns or people and social concerns when making decisions -Importance: rise of virtual organizations, rise of boundaryless organizations, speed and innovation, The significance about learning about international management, Many places are multinational, may deal with foreign customers or partners, Globalization, the global village and e-commerce, -Globalization: trend of the world economy toward becoming a more interdependent system Research shows that when actions are coordinated and focused on specific outcomes, they are much more effective. C. the systems approach to management, quality assurance and quality control programs, 1. -Level 2: basic assumptions (espoused culture), Ways cultures become embedded in organizations, -Slogans, sayings, titles, stories, physical design, structure, Cultural perspectives (strong versus weak, functional versus dysfunctional and nominal versus real), -Strong vs weak culture: do people have a clear sense of what culture is To use resources (people, money, raw materials) wisely and cost effectively. B. commitment to the plan Yes, it is best to do what you know will work. A. a competitive advantage This is called Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. To improve products Many companies are organized along functional lines. B. A. division of labor -Beliefs: assumptions that individuals hold about themselves, their customers and organization D. All stakeholders except clients. -Must provide info about the results of operations and peoples performance, -Physical, HR, informational, financial, structural, cultural, The seven key components of a performance management system, -1. One graphic representation of the tasks required over the course of a project is called C. To adjust compensation The threat of entry, power of suppliers, and threat of substitutes are all low within this industry. Do things right. {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Strategic Management Ch. C. As many stakeholders as practical. This insight is part of A motivation for scientific management, which uses time and motion studies and work standardizations, is to: Would this type of focus and control be a good practice to use in meetings with co-workers around the world? Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. -E-commerce: buying and selling of products and services through computer networks over long distances, -Ethnocentrism: belief that their own nation or country is best In which of the following areas may records have value to the university? You manage a department with ten employees. https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) Management function that involves working with and through people WebDefine the Strategic Management Process & Identify the Stages. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. answer choices True False Question 2 20 seconds Q. A. in your industry Quiz: Are You A Lion, A Tiger, Or A Bear? Engineers talk to each other across the organization. B. entrepreneur, employee selector, and negotiator Google has unusual work teams. D. Well defined processes, . On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. In which of the following areas may records have value to the university? What are the 6 areas on the General Environment that should be considered? Minimizing the harm to the employees. B. What is the consumer surplus in this market? In the Great Recession, General Motors went bankrupt, but Ford had acquired long-term financing beforehand that carried it through the downturn. Statements: -Quality assurance: performance of workers, urging employees to strive for zero defects, -TQM: comprehensive approach-led by top management and supported throughout the organization-dedicated to continuous quality improvement, training, and customer satisfaction Do You Know How To Survive In The Wild? She took a goal-setting class and created seven goals for her organization and managers. Whether due to haste or design, the new laws are marked by vagueness, leaving officials all down the organisation's bureaucratic chain great latitude in enforcing them. ________ decides how best to attain a company's mission and vision through the coordinated efforts to achieve specific goals and objectives. Management activities are often grouped into four categories. Each objective is linked to a specific report, and she has reports of those measures from the past three years. Management has neglected its function of, 1. -Ambiguity: goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, into about outcomes is unavailable, -Bounded rationality: ability of decision makers to be rational is limited by numerous constraints Firm profitability is driven by the structure of assets within the firm two assumptions of RBV: Tangible and intangible assets that a firm controls to implement strategy, Plant, Equipment, Natural Resources, IT, etc, Training, intelligence, insight of individuals. Manage the corporate culture, -Decision: choice made from available alternatives Assume an income tax rate of 25%. Promotion plans Human relations movement 3. 1. 2. Kelly has experience and knows there is only one way to run her businessfull steam ahead! What does "death by planning" mean? The primary mechanism for coordinating and focusing staff is Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. C. impersonality, 1. Effectiveness. Which of the following is a characteristic of a good manager? -More economic value than competitors. A. Finances -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. Medical or vacation benefits Salary B. in your target market Please select the correct language below. Tableau-available from www.tableausoftware. B. 1. B. make manual labor run more efficiently C. Thank her and tell her who authored the report. 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. B. Raw materials are widely and readily available at a competitive price. C. vision, 1. B. Human Resources works with managers to do employee evaluations. A. https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) B. political, essential, social, technological, ecological, and legal Web1. A. benevolent and caring manner Generally, when receiving a business card from an international business person you should: B. -Decision-making: process of identifying problems and opportunities and then resolving them, Programmed (rational) versus non-programmed (non-rational) decisions, -Programmed (rational) decisions: rules developed from frequent occurrences, response to recurring organizational problems Method for providing feedback 6. Scientific The control process is also described as: 1. This first step in her planning cycle is called Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. -Mayo: Hawthorne effect, The Human Relationship Movement and the significance of the findings of Maslow (his hierarchy of needs) and McGregor (Theory X versus Theory Y), -Human relations movement: proposed that better human relations could increase worker productivity Competitive Advantage. Marketing managers B. What are the 4 generic industry structure? The opacity of the language leaves the law open to manipulation on political grounds. The second function is to make sure WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. -Measurementship: lack of congruence created by motivation to look good in terms of the measures used in control systems, -Budget: formal financial projection 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. Solve the problem without assigning blame, 8. -Network: central core that is linked to outside independent firms by computer connections, which are used to operate as if all were a single organization Thank her and don't mention the report. C. Thank her and tell her who authored the report. C. Staffing plans Porter's model includes all of the following EXCEPT: Name at least three goods that could be bought as complements to hamburgers. Determine the quality of the product You need to schedule an international conference call with co-workers that includes managers and employees. These include Planning is boring. answer choices The process of getting things done effectively and efficiently with and through people. B. senior management process without any middle management involvement A. B. branded Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitive market. Workers were concerned the increased efficiency would mean less work and less pay. C. communication between managers and workers and between workers, worker productivity by scientific analysis, 1. Being named the top employer in the state. Strategic management Customers demonstrate a preference for the firms offerings. The exam contains approximately 100 questions to be answered in 90 minutes. sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. 1. Accounting Measures and Economic Measures are____________. Max Weber believed a structured organization, a bureaucracy, would be the most logical and efficient. -Youth stage: growth and expansion You will also be required to apply knowledge, general concepts, and principles to specific problems. B. These are. Leading. 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 B. -Maslow's hierarchy of needs: physiological, safelty, social, esteem, self-actualization Jim Roth, dell worker, related to his factory team by doing what? To change production schedules A. mission However, she has no marketing goal or patient referral projections for the future. -Closed system: little interaction with environment, -Quality control: strategy for minimizing errors by managing each stage of production A good staffing plan Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. A robust competitive analysis will allow you to focus on those companies that will compete for customers By increasing the perceived value of a firm's products or services, a firm will be able to. C. Gantt chart, 1. Quiz: What Will I Look Like When I'm Older? Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. -Polycentric: native managers best understand native personnel and practices, so the home office should leave them alone The general environment analysis considers broad societal dimensions influencing the industry or firms within it. Develop products and services 4. C. competitive analysis, 1. Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. People B. customers, competitors, supplicants, regulations, and advocacy groups Marketing managers B. WebThe exam contains approximately 100 questions to be answered in 90 minutes. Firms costs fall as a function of production (downward slope). 1-5 Mid-term Exam. Planning is a C. planning, organizing, leading, and controlling. In these companies, accountants report to a senior accountant; salespeople report to an executive of sales. -Simple: authority in centralized in a single person with few rules and low work specialization Provides more opportunities for advancement B. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? C. setting an attainable goal, A. measuring the past and not planning for future growth, 1. 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