Podcast
Questions and Answers
Which of the following activities is NOT considered one of the primary functions of management?
Which of the following activities is NOT considered one of the primary functions of management?
- Supervising (correct)
- Planning
- Controlling
- Organizing
When a manager is engaged in defining objectives and determining the actions required to achieve them, which function of management are they performing?
When a manager is engaged in defining objectives and determining the actions required to achieve them, which function of management are they performing?
- Organizing
- Leading
- Controlling
- Planning (correct)
What factor most significantly shapes an organization's culture?
What factor most significantly shapes an organization's culture?
- Market trends
- Employee unions
- Government regulations
- Company founders (correct)
In the rational decision-making model, at which point is the problem clearly defined and articulated?
In the rational decision-making model, at which point is the problem clearly defined and articulated?
What does 'satisficing' entail in the context of decision-making?
What does 'satisficing' entail in the context of decision-making?
According to Porter's perspective on competitive advantage, what is the primary source of a company's edge in the market?
According to Porter's perspective on competitive advantage, what is the primary source of a company's edge in the market?
What is the central focus of business-level strategy?
What is the central focus of business-level strategy?
Which of Hofstede's cultural dimensions reflects the extent to which a society feels threatened by ambiguity and uncertainty?
Which of Hofstede's cultural dimensions reflects the extent to which a society feels threatened by ambiguity and uncertainty?
In Hofstede's cultural dimensions, which dimension would typically be high in a culture that emphasizes assertiveness and material success?
In Hofstede's cultural dimensions, which dimension would typically be high in a culture that emphasizes assertiveness and material success?
Flashcards
Planning
Planning
A function of management that includes setting goals and determining how to achieve them.
Organizational Culture
Organizational Culture
Refers to shared values, beliefs, and norms that shape behavior within an organization.
Artifacts of Organizational Culture
Artifacts of Organizational Culture
Physical or visible aspects of an organization that reflect its culture.
Satisficing
Satisficing
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Competitive Advantage
Competitive Advantage
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Business-Level Strategy
Business-Level Strategy
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Uncertainty Avoidance
Uncertainty Avoidance
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"Storming" phase
"Storming" phase
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Balanced Scorecard
Balanced Scorecard
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Moore's Law
Moore's Law
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Study Notes
- Supervising is NOT one of the four functions of management.
- Planning is the management function that involves setting goals and determining the means to achieve them.
- Organizational culture is primarily shaped by company founders.
- A visible artifact of organizational culture is office layout.
- Defining the problem is step 1 in rational decision-making.
- Satisficing in decision-making means selecting an option that is "good enough".
- According to Porter, competitive advantage comes from choosing a unique set of activities.
- Business-level strategy focuses on creating a competitive advantage in a specific industry.
- Hofstede's dimension that measures the degree to which people tolerate uncertainty is Uncertainty Avoidance.
- A culture that values assertiveness and material success would score high in Masculinity.
- The "storming" phase of team development is characterized by emerging conflicts and disagreements.
- Members settle into their roles during the norming stage of team development.
- The Balanced Scorecard assesses company performance based on multiple perspectives including financial, customer, internal processes, and innovation.
- Employee personal happiness is NOT a key area of the Balanced Scorecard.
- Moore's Law states that the number of transistors on a microchip doubles approximately every two years.
- The effect of Moore's Law on business is that computing power becomes cheaper and more powerful over time.
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