Podcast
Questions and Answers
Which country did modern management theory emerge in the 20th century?
Which country did modern management theory emerge in the 20th century?
- China
- Germany
- United States (correct)
- United Kingdom
Who is credited with developing a car for the masses called 'Tin Lizzie' or Model T?
Who is credited with developing a car for the masses called 'Tin Lizzie' or Model T?
- Henry Ford (correct)
- Thomas Edison
- Nikola Tesla
- Alexander Graham Bell
Which company's strategy of focusing on professional contractors at the expense of retail customers was widely seen as a mistake?
Which company's strategy of focusing on professional contractors at the expense of retail customers was widely seen as a mistake?
- JC Penney
- Bob Nardelli
- Lowe's
- Home Depot (correct)
Who was the CEO of Home Depot who tried to impose an autocratic style on the company known for its laid-back culture and decentralized operations?
Who was the CEO of Home Depot who tried to impose an autocratic style on the company known for its laid-back culture and decentralized operations?
What was the name of the strategy adopted by JC Penney's CEO, Ron Johnson, which included doing away with sales, promotions, and coupons?
What was the name of the strategy adopted by JC Penney's CEO, Ron Johnson, which included doing away with sales, promotions, and coupons?
What was the initial reaction of investors to JC Penney's 'Fair & Square' strategy?
What was the initial reaction of investors to JC Penney's 'Fair & Square' strategy?
What was the result of JC Penney's 'Fair & Square' strategy on the company's sales?
What was the result of JC Penney's 'Fair & Square' strategy on the company's sales?
What were the two causes of change mentioned in the text?
What were the two causes of change mentioned in the text?
What is the most persistent, pervasive, and powerful challenge for managers?
What is the most persistent, pervasive, and powerful challenge for managers?
What does the introduction of new technology lead to in terms of employees?
What does the introduction of new technology lead to in terms of employees?
What is the purpose of globalization?
What is the purpose of globalization?
What are the resources that managers must manage?
What are the resources that managers must manage?
What is the role of managers in achieving a firm's goals?
What is the role of managers in achieving a firm's goals?
What is the definition of an entrepreneur?
What is the definition of an entrepreneur?
Who is Joseph Schumpeter and what is meant by the term 'creative destruction'?
Who is Joseph Schumpeter and what is meant by the term 'creative destruction'?
What is meant by an entrepreneurial mindset?
What is meant by an entrepreneurial mindset?
According to F.W. Taylor, what is the art of management?
According to F.W. Taylor, what is the art of management?
What are the three levels of planning?
What are the three levels of planning?
What does organizing involve for managers?
What does organizing involve for managers?
What are the roles that managers play according to Mintzberg?
What are the roles that managers play according to Mintzberg?
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