Competitive Advantage. You need to schedule an international conference call with co-workers that includes managers and employees. 1. Thank her and take credit for the report. A. corporate values C. entrepreneur, controller, and negotiator, A. resource allocator, disturbance handler, and negotiator, 1. 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"}}. WebQ. The Principles of Management exam covers material that is usually taught in an introductory course in the essentials of management and organization. These are aspects of which macro term? SitemapCopyright 2005 - 2023 ProProfs.com. Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. In the United States you are very good at organizing and keeping meetings on schedule. Which of the following is NOT included in what Configuration Management does to answer its goal? Which of the following is NOT a basic management task? A. -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 A. 1. D. All stakeholders except clients. What should you do? The food truck industry would benefit if there were ________, such as required and restricted licenses. C. Stay quiet until they break the silence, 3. One graphic representation of the tasks required over the course of a project is called Cost savings were not passed along to workers producing those efficiencies. 1.2.6.2 - Project Benefits Management Plan - 6 cards. WebManagement Flashcards. A. planning, organizing, directing, and feedback. INTRODUCTION 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. Some of these are pretest questions that will not be scored. Supply: QS=15+PQ^{S} = -15 + PQS=15+P. B. that the people in the organization support the strategy A. B. make manual labor run more efficiently Introducing Cram Folders! Customers complained, saying they could not buy the product if it was not on the shelves. B. consulting, excellent Find out how you can intelligently organize your Flashcards. -Simple: authority in centralized in a single person with few rules and low work specialization Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. C. Planners rarely know what they are doing. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. -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 B. entrepreneur, employee selector, and negotiator Objectives 3. Management can be approached as either, 1. Planning activities provide an opportunity for input from the departments and people affected. The Importance of the Strategic Management Process WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? Leading. -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 One way to temper the profit goal is an explicit statement of A. Only Project Manager. Google's motto is "Don't be evil." Manage the corporate culture, -Decision: choice made from available alternatives 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 The control process is also described as: 1. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) C. make workers solely responsible for improving their conditions. B. planning, hiring, directing, and controlling. These are, C. planning, organizing, leading, and controlling. A. once-a-year process ________ reduces uncertainty and indicates what everyone is expected to accomplish. -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 What should you say? (Choose multiple) A. Customers demonstrate a preference for the firms offerings. Which of the following is a characteristic of a good manager? Develop operational systems 6. -Directive: people are efficient, logical, practical, and systematic in their approach to solving problems, action oriented, decisive, focus on facts, low tolerance to ambiguity -Scalar principle: clearly defined line of authority in the organization that included all employees, Authority, responsibility, accountability and delegation, -Authority: formal and legitimate right of a manager to make decisions, issues orders, and allocate resources This section includes practice questions related to leadership and management. -Dimension 2: Person's tolerance for ambiguity(uncertainty), Decision-making styles (directive, analytical, conceptual and behavioral), -Analytical: considers more info and alternatives, high tolerance to ambiguity Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. The company could lose a large amount of money if customers find out about the problem. Many companies are organized along functional lines. Early behaviorism 2. A. Do You Know How To Survive In The Wild? Through which bases of competitive advantage do firms attempt to alter the perceptions of currentand potential customers, whether or not specific attributes of a firm's products or services arealtered? In order to understand the competitive structure of an industry, analysts use Michael Porter's Five Forces model. C. As many stakeholders as practical. C. Insurance. B. 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. Raw materials are widely and readily available at a competitive price. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. -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 Only Project Manager. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. C. suppliers' negotiating power, threat from substitutes, and rivalry, A. strategic partnerships, research and development, 1. A. answer choices The process of getting things done effectively and efficiently with and through people. -Parochial: narrow view in which people see things solely through their own views C. fixed salaries, 1. You have identified a safety issue with one of your products. 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 WebWho should be involved in Risk Management activities? -Conceptual: broad perspective, consider many options, high tolerance to ambiguity 1. A. B. commitment to the plan Marketing managers B. A. Humanistic Whatskills depend on the manager's ability to think in the abstract? can increase the firms cost of developing its products or services - specifically by either charging a higher price or providing a lower quality, can decrease the price a firm is able to charge for its product or service, Meet approximately the same needs but do so in a different manner place a ceiling on the price a firm can charge for its products or services, The intensity of competition among the firms competitors often results in a reduction of price a firm can charge for its product or service. C. Try and find out who caused the problem. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. B. Thank her and don't mention the report. Walmart has exceptional logistics, but in 2014, Walmart was criticized for unusual shortages. This is part of the ________ role of managers. Course -Global Village: shrinking of time and space as air travel and the electronic media have made it much easier for the people of the globe to communicate with one another B. clear and coherent manner Taylor and Gantt were the management consultants of their day. 1.00 - 27 cards. C. Knowledge-based work can't be observed and broken down for efficiencies like manual labor. B. vision The five components of industry environment are Financial strength can be a competitive advantage. -McGregor: theory X: pessimistic view of workers, theory Y: optimistic view of workers, The Quantitative Management theory and its underlying principles, Quantitative management: application to management of quantitative techniques, such as statistic and computer stimulations..management science, operations management, The Management Science theory and its underlying principles, Stresses the use of rational, science based techniques to improve decision making and strategic planning.scheduling, planning, The Operations Management theory and its underlying principles, Managing the production and delivery of an organizations products or services more effectively, The Systems Viewpoint including the concept of open and closed systems, -Organization as a system of interrelated parts, subsystems, part of the larger environment Write a review of the demo(s)you view and the trial version of any product(s) you test. Determine the quality of the product This is an example of: A. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. B. Strategic Management is about identification and description of the strategies that Business -Strategy Implementation What types of managers are associated with specific areas within the organization? 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. Mission Principles from the ________ school of management were originally designed to prevent favoritism and incompetence. While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. C. impersonality, 1. Which of the following bases of product differentiation is almost always easy to duplicate? A. B. Porter's Five Forces -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 In these companies, accountants report to a senior accountant; salespeople report to an executive of sales. A. project planning chart B. Henry Ford Evaluation plans customers, competitors, suppliers, regulations, and advocacy groups, C. customers, competitors, suppliers, regulations, and advocacy groups, 1. Middle Which is not true concerning corporate downsizing? Other participants A. Industries in which a large number of small or medium-sized firms operate and no small set offirms has dominant market share or creates dominant technologies are called ________ industries. A. Provides more opportunities for advancement B. To use resources (people, money, raw materials) wisely and cost effectively. Planning is boring. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization -Organizations should operate as communities Protecting the company's financial position. Accounting Measures and Economic Measures are____________. Effectiveness. Method for evaluating performance 7. His concept was to engage the employee's intrinsic motivation. One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. C. No, it is best to make adjustments for other cultures. separated, 1. Each objective is linked to a specific report, and she has reports of those measures from the past three years. B. planning, hiring, directing, and controlling. Research shows that when actions are coordinated and focused on specific outcomes, they are much more effective. Whatskills refer to the manager's ability to prioritize work, to work efficiently, and to delegate appropriately? Name at least three goods that could be bought as complements to hamburgers. B. Being asked to chair a new committee. C. Identify the impact of design delays D. Report the person who caused the problem, B. A. What are the 4 generic industry structure? Some of these are pretest questions that will not be scored. Some of these are pretest questions that will not be scored. Kelly is a pediatrician who opened her own office three years ago. Uncertainty avoidance-how strongly do people desire certainty 4. 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