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C. Insurance. C. a clear mission, 1. Salary WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? -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 (Choose multiple) A. Competition between employees B. Do things right. 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. Uncertainty avoidance-how strongly do people desire certainty 4. 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. Competitive Advantage. Interrupt her to ask for clarification. C. No, it is best to make adjustments for other cultures. The second function is to make sure A. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. 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 C. Stay quiet until they break the silence, 3. B. economic 1.2.6.2 - Project Benefits Management Plan - 6 cards. Name at least three goods that could be bought as complements to hamburgers. If you had to trim the budget, which of these could you probably cut with minimal impact to your team members? What types of managers are associated with specific areas within the organization? Web1. Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? The Gilbreths both belonged to the classical school of management, which emphasized increasing 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. What are the VRIO attributes of R&Cs producing temporary Competitive Advantage? WebWho should be involved in Risk Management activities? Managers encourage, support, and foster talented employees. The supplier's industry is dominated by a small number of firms. D. Marketing of the company's products, Human Resources' main focus is: Tutor D. Using color-coded file folders for different subjects, D. Using color coded file folders for different subjects. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. B. resource allocator Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. -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 Quiz! 1-5 Mid-term Exam. You manage a department with many employees. The general environment analysis considers broad societal dimensions influencing the industry or firms within it. B. planning, hiring, directing, and controlling. B. make manual labor run more efficiently Management can be approached as either, 1. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization -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 Kelly has experience and knows there is only one way to run her businessfull steam ahead! Promotion plans Speak slower than normal and listen carefully. B. organizational theory B. Power distance-how much do people accept inequality in power 3. -Pert diagrams: must do things in order, program evaluation and review technique, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. -Geocentric: accepts differences and similarities between home and foreign personnel and practices, Availability of supplies, new markets, lower labor costs, access to finance capital, avoid tariffs and import quotas, Global outsourcing, importing and exporting and counter trading, licensing and franchising, joint ventures, wholly owned subsidiaries, Barriers to international trade (tariffs, import quotas and embargoes), -Tariffs: duty or tax mainly on imports Effectiveness. WebWho should be involved in Risk Management activities? C. efficient, rational manner, 1. A. differentiated Details about the exam breakdown, credit recommendations, and free sample questions. If so, try out our well-researched quiz. A. The Importance of the Strategic Management Process valuable and rare but not costly to imitate. Bureaucratic Management looked at how large organizations with layers of management could operate in an 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. -Closed system: little interaction with environment, -Quality control: strategy for minimizing errors by managing each stage of production Beat the competition's product quality WebManagement Flashcards. A. A. Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. C. recording all administrative decisions in writing, A. optimizing the work process and training employees to follow it, 1. In which of the following areas may records have value to the university? What is the four functions of management? A. environmental -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 D. To set vacation benefits, 9. Middle Which is not true concerning corporate downsizing? D. Leave the meeting so they can talk privately. Competitive Advantage. C. negotiator, 1. WebManagement Flashcards. -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 1. Google has unusual work teams. Strategic Management Background SitemapCopyright 2005 - 2023 ProProfs.com. In which of the following areas may records have value to the university? B. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. C. Performing employee reviews. Spotfire-available from www.spotfire.tibco.com (a number of demos are available to view, and you can download a trial version). C. Social network management, 1. B. Only Project Manager. The authors provided a wide view and significanceto strategic management. B. answer choices True False Question 2 20 seconds Q. -Youth stage: growth and expansion C. Ask for a translator to make communication easier. B. value proposition Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. C. Knowledge-based work can't be observed and broken down for efficiencies like manual labor. Taylor and Gantt were the management consultants of their day. However, she has no marketing goal or patient referral projections for the future. Which is an advantage of a tall organizational structure? Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. -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 In any ethical situation, the most important thing is to: The threat of new entrants in Porter's Five Forces analysis is often the most important force affecting an industry. Make sure products meet the company standards A. informational Business -Strategy Implementation Method of measurement 5. WebDefine the Strategic Management Process & Identify the Stages. No, because language barriers will not allow a focused meeting. How are these evaluations typically used? What is the four functions of management? A. resource allocator, disturbance handler, and negotiator A firm's marketing skills and teamwork as well as its cooperation among managers are examples of, Actions that firms take to gain competitive advantage in a single market or industry are known as. 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? Management function that involves working with and through people D. Locate the raw materials needed to productions, A. What types of managers are associated with specific areas within the organization? B. Identify and define market 3. Provides more opportunities for advancement B. Explain one harm associated with unexpected inflation that is not associated with expected inflation. C. As many stakeholders as practical. Medical or vacation benefits separated, 1. C. Stay quiet until they break the silence. Max Weber believed that management should be separate from ownership and managers should be protected from arbitrary dismissal. In these companies, accountants report to a senior accountant; salespeople report to an executive of sales. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. -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 WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? A. A. sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. You have identified a safety issue with one of your products. Some organizations establish planning committees that intentionally include people from ________ backgrounds to bring ________ perspectives into the planning process. Supply: QS=15+PQ^{S} = -15 + PQS=15+P. What is one of the most important things you should focus on? On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. -Three phases: 1. If so, try out our well-researched quiz. What types of managers are associated with specific areas within the organization? B. D. Set the card aside so you can study it later. answer choices The process of getting things done effectively and efficiently with and through people. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. A. -Divisional: people with diverse occupational specialties are put together in formal groups by similar products, customers, or geographic regions, Organization structure: matrix, team-based, net work and modular, -Matrix: organization combines functional and divisional chains of command in a grid so that there are two command structures-vertical and horizontal If so, try out our well-researched quiz. Hiring staff to support the holiday rush, An example of managerial organizing would be Other participants Note: Each institution reserves the right to set its own credit-granting policy, which may differ from the American Council on Education (ACE). WebManagement Flashcards. Efficiency. Method for evaluating performance 7. This set includes 80 practice questions divided into two parts. We'll bring you back here when you are done. A. 7. B. customers, competitors, supplicants, regulations, and advocacy groups WebWhich level of management has the primary functions of interpreting and integrating? WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. Customers demonstrate a preference for the firms offerings. A. 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. She took a goal-setting class and created seven goals for her organization and managers. -Delegation: process managers use to transfer authority to the lowest possible level, -Tall structure: narrow span and more levels WebQ. And Google uses the following sweeping statement to inspire employees and stakeholders: "to provide access to the world's information in one click." B. branded 1. To improve products A. A. C. planning, organizing, leading, and controlling. 1.00 - 27 cards. -Risk: decision has clear goals, info is available, future outcomes are subject to chance A. plans, which can direct everyone's actions toward desired outcomes What are the 4 indicators of barriers to entry? -Norms: rules of behavior that address such issues as how employees dress and interact, usually found in employee handbook, The four function of organization culture, -Organizational identity, collective commitment, social system stability, sense making device, -Level 1: observable artifacts (enacted culture) Principles from the ________ school of management were originally designed to prevent favoritism and incompetence. Which is an advantage of a matrix organization? Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. answer choices Planning, directing, organizing and delegating A. This insight is part of A. planning, organizing, directing, and feedback. Productivity Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. These are. B. The best example of a firm following a cost-leadership business strategy is. C. an intangible resource, 1. C. Training opportunities The five components of industry environment are A. planning, organizing, directing, and feedback. Management by objectives is Peter Drucker's version of goal setting. -PDCA cycle: plan, do, check, act Executives knew there was a problem with the device but continued selling it for years. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. B. Henry Ford Ask your manager to solve the problem. Objectives 3. A. once-a-year process All other things being equal, which of the following would lead to lower barriers to entry in anindustry? C. Determine the financial impact before taking action. Customers demonstrate a preference for the firms offerings. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. WebManagement. A. political, economic, social, technological, environmental, and legal The Bargaining power of the c Part A C. Empowerment B. clear and coherent manner Management is to plan, organize, direct, and control available human, material, and financial resources to deliver quality care to patients and families. -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 D. Maintaining your own salary level. Strategic Management is about identification and description of the strategies that Business -Strategy Implementation {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Strategic Management Ch. B. written policies -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 That management should be separate from ownership and managers should be separate from ownership and managers should be from... 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