Podcast
Questions and Answers
Management is defined as the pursuit of organizational goals
Management is defined as the pursuit of organizational goals
- with passion and effectiveness
- efficiently and effectively. (correct)
- efficiently and in a detailed-oriented manner.
- correctly and with synergy.
What are the four principal functions of management?
What are the four principal functions of management?
- planning, organizing, leading, and controlling (correct)
- staffing, planning, profiting, and delegating
- staffing, planning, motivating, and delegating
- scheduling, organizing, leading, and mentoring
When a cross-town competitor closed suddenly, the number of customers at Janie's Gun Gallery increased dramatically. Janie inspired her team to put in extra effort to meet every customer's needs. Which of the four key management functions was Janie using?
When a cross-town competitor closed suddenly, the number of customers at Janie's Gun Gallery increased dramatically. Janie inspired her team to put in extra effort to meet every customer's needs. Which of the four key management functions was Janie using?
- organizing
- leading (correct)
- controlling
- planning
As the yardmaster for Onion Pacific Railroad, Tamar regularly performed the management process. When Tamar assigned engineers to train routes, he was _____ and when he calculated how many trains arrived on time he was _____.
As the yardmaster for Onion Pacific Railroad, Tamar regularly performed the management process. When Tamar assigned engineers to train routes, he was _____ and when he calculated how many trains arrived on time he was _____.
Jorge is an associate for a large retailer. Sometimes Jorge works alone answering customer questions or moving inventory. Other times, he works with other associates to rearrange displays or complete large orders. Jorge is probably a(n)
Jorge is an associate for a large retailer. Sometimes Jorge works alone answering customer questions or moving inventory. Other times, he works with other associates to rearrange displays or complete large orders. Jorge is probably a(n)
As a child in the 1950s, Matthew did not wear a seatbelt when riding in a car. In fact, he would lay in the window above the backseat of his family's sedan and then roll down into the floor when his dad pushed the brake pedal quickly. In the early 1980s, while he was a manager of a courier service, Matthew learned that seatbelts prevented fatalities in car crashes and kept the driver in place to better control the vehicle. Even though it was not yet legally required in the state, Matthew issued a company policy that all drivers and anyone riding in company vehicles must wear seatbelts. Matthew's management style is best described as
As a child in the 1950s, Matthew did not wear a seatbelt when riding in a car. In fact, he would lay in the window above the backseat of his family's sedan and then roll down into the floor when his dad pushed the brake pedal quickly. In the early 1980s, while he was a manager of a courier service, Matthew learned that seatbelts prevented fatalities in car crashes and kept the driver in place to better control the vehicle. Even though it was not yet legally required in the state, Matthew issued a company policy that all drivers and anyone riding in company vehicles must wear seatbelts. Matthew's management style is best described as
As some of the earliest management theories, scientific management and administrative management comprise the __________ viewpoint.
As some of the earliest management theories, scientific management and administrative management comprise the __________ viewpoint.
Alejandro is the type of manager who completely focuses on efficiency, and he assumes workers are rational. Alejandro is probably applying the __________ viewpoint.
Alejandro is the type of manager who completely focuses on efficiency, and he assumes workers are rational. Alejandro is probably applying the __________ viewpoint.
Kalini, a package delivery service manager, is interested in implementing __________. To do this, Kalini will study the routes that drivers take through a congested city in order to identify ways that delivery staff can make the most deliveries in each two-hour period.
Kalini, a package delivery service manager, is interested in implementing __________. To do this, Kalini will study the routes that drivers take through a congested city in order to identify ways that delivery staff can make the most deliveries in each two-hour period.
According to Taylor's principles, which of these might help to improve workers' productivity?
According to Taylor's principles, which of these might help to improve workers' productivity?
The manager of a private limousine service is interested in implementing the principles of administrative management, which involves
The manager of a private limousine service is interested in implementing the principles of administrative management, which involves
Brenden, the department manager, feels that his employees lack the motivation to consistently meet department goals. To better understand human actions and to motivate his employees toward achievement, Brenden needs to adopt the __________ viewpoint.
Brenden, the department manager, feels that his employees lack the motivation to consistently meet department goals. To better understand human actions and to motivate his employees toward achievement, Brenden needs to adopt the __________ viewpoint.
Order the phases of thought in the behavioral viewpoint from earliest to most recent.
Order the phases of thought in the behavioral viewpoint from earliest to most recent.
Hugo Munsterberg is known as
Hugo Munsterberg is known as
If publishing at a newspaper company is arranged so that editors, editorial assistants, and reporters coordinate to determine which stories should be published, this community arrangement would align with ideas brought forth by
If publishing at a newspaper company is arranged so that editors, editorial assistants, and reporters coordinate to determine which stories should be published, this community arrangement would align with ideas brought forth by
Kira, the general manager of a travel agency, believes that her workers are responsible and capable, and that they can be trusted when given responsibility. Kira is an example of a __________ manager.
Kira, the general manager of a travel agency, believes that her workers are responsible and capable, and that they can be trusted when given responsibility. Kira is an example of a __________ manager.
Riley recently became a top manager at a technology firm that is attempting to rehabilitate its image and return to profitability after a very public scandal. Which of the following actions should Riley take to promote high ethical standards?
Riley recently became a top manager at a technology firm that is attempting to rehabilitate its image and return to profitability after a very public scandal. Which of the following actions should Riley take to promote high ethical standards?
Jackson, the owner of a t-shirt shop, attended an entrepreneurship workshop that discussed the triple bottom line, which measures an organization's __________ performance.
Jackson, the owner of a t-shirt shop, attended an entrepreneurship workshop that discussed the triple bottom line, which measures an organization's __________ performance.
An organization's internal stakeholders consist of
An organization's internal stakeholders consist of
In her strategic planning, the CEO of a home goods manufacturing company is aiming to improve customer service by concentrating on distributors, local communities, and special-interest groups. These three groups are
In her strategic planning, the CEO of a home goods manufacturing company is aiming to improve customer service by concentrating on distributors, local communities, and special-interest groups. These three groups are
Keisha has worked at the station next to yours in the textile factory for eight years. You have become close friends, attending each other's family events, birthday parties, and the like. Keisha sends a text message asking you to punch her timecard when you arrive for your shift because she is going to be late. You know the factory has strict policies against punching someone else's timecard, and it could be grounds for termination. You are facing a(n)
Keisha has worked at the station next to yours in the textile factory for eight years. You have become close friends, attending each other's family events, birthday parties, and the like. Keisha sends a text message asking you to punch her timecard when you arrive for your shift because she is going to be late. You know the factory has strict policies against punching someone else's timecard, and it could be grounds for termination. You are facing a(n)
Pinpoint Diagnostic Laboratory has instituted new policies around misappropriation of assets, confidentiality of company information, and patient privacy. Also with the local elections just around the corner, management sent out reminders about political contributions and conflicts of interest. All of these policies can be found in Pinpoint's
Pinpoint Diagnostic Laboratory has instituted new policies around misappropriation of assets, confidentiality of company information, and patient privacy. Also with the local elections just around the corner, management sent out reminders about political contributions and conflicts of interest. All of these policies can be found in Pinpoint's
A national ice cream chain asked its 30 highest paid employees to take a 15% pay cut. Doing this, in response to the recent sales decline, meant no store closures and no downsizing. This could be characterized as the __________ approach to ethical dilemmas.
A national ice cream chain asked its 30 highest paid employees to take a 15% pay cut. Doing this, in response to the recent sales decline, meant no store closures and no downsizing. This could be characterized as the __________ approach to ethical dilemmas.
Globalization is the trend
Globalization is the trend
Last week Arturo, CEO of Quality Furniture in Providence, Rhode Island, traveled to Europe to visit customers. While overseas, Arturo checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly. After visiting the last customer Thursday morning, Arturo was able to return to the corporate office in Providence to meet with his board of directors that night. __________ is the “shrinking” of time and space with air travel and the electronic media.
Last week Arturo, CEO of Quality Furniture in Providence, Rhode Island, traveled to Europe to visit customers. While overseas, Arturo checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly. After visiting the last customer Thursday morning, Arturo was able to return to the corporate office in Providence to meet with his board of directors that night. __________ is the “shrinking” of time and space with air travel and the electronic media.
According to Rosabeth Moss Kantor of the Harvard Business School, which three events of the 1980s paved the way for the global economy?
According to Rosabeth Moss Kantor of the Harvard Business School, which three events of the 1980s paved the way for the global economy?
Caleb, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Caleb later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies
Caleb, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Caleb later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies
Fresh Toppings is based in Sacramento, California and has restaurants in 25 countries. In the United States, Fresh Toppings would be viewed as which of the following?
Fresh Toppings is based in Sacramento, California and has restaurants in 25 countries. In the United States, Fresh Toppings would be viewed as which of the following?
Ethnocentric managers believe that their native country, culture, language, and behavior
Ethnocentric managers believe that their native country, culture, language, and behavior
A major U.S.-based commercial construction firm has established operations in Belize. Wyatt has been managing the Belizean operations for several months, and is perplexed as to why the workers arrive late, take long lunches, and leave early on Wednesdays. He begins requiring employees to punch in and out on a time clock. Wyatt's decision to utilize a time clock, something common in U.S. workplaces, may signal that he is a(n) __________ manager.
A major U.S.-based commercial construction firm has established operations in Belize. Wyatt has been managing the Belizean operations for several months, and is perplexed as to why the workers arrive late, take long lunches, and leave early on Wednesdays. He begins requiring employees to punch in and out on a time clock. Wyatt's decision to utilize a time clock, something common in U.S. workplaces, may signal that he is a(n) __________ manager.
Manufacturing plants with low labor costs that give special privileges to their American owners in return for employing Mexican citizens are known as
Manufacturing plants with low labor costs that give special privileges to their American owners in return for employing Mexican citizens are known as
Airbus Inc., a company that builds airplanes, typically orders parts for its airplanes from other companies. __________ is the practice Airbus Inc. is using.
Airbus Inc., a company that builds airplanes, typically orders parts for its airplanes from other companies. __________ is the practice Airbus Inc. is using.
A company is licensing its products when it
A company is licensing its products when it
Pineapple Whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits. Pineapple Whip is engaged in
Pineapple Whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits. Pineapple Whip is engaged in
Orlando, the owner of a Belgian event-planning company called Memory Makers, plans to open a marketing company that focuses on product launches, called Kick Start, in Germany. Kick Start will be totally owned and controlled by Memory Makers, which makes Kick Start a __________ of Memory Makers.
Orlando, the owner of a Belgian event-planning company called Memory Makers, plans to open a marketing company that focuses on product launches, called Kick Start, in Germany. Kick Start will be totally owned and controlled by Memory Makers, which makes Kick Start a __________ of Memory Makers.
Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by
Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by
An entrepreneur would create a business plan to outline which of the following?
An entrepreneur would create a business plan to outline which of the following?
A mission statement expresses __________ and a vision statement expresses __________
A mission statement expresses __________ and a vision statement expresses __________
Which of these represents the company's mission statement?
Which of these represents the company's mission statement?
The three levels of __________ are strategic, tactical, and operational.
The three levels of __________ are strategic, tactical, and operational.
How often should a company revise its strategic plan?
How often should a company revise its strategic plan?
Executives of a national insurance underwriting firm has informed its district managers of a new goal to improve customer retention. The district managers will set goals to be achieved over the next 6 to 24 months as part of __________ planning.
Executives of a national insurance underwriting firm has informed its district managers of a new goal to improve customer retention. The district managers will set goals to be achieved over the next 6 to 24 months as part of __________ planning.
Best Bottling is a beverage copacking company that contracts its beverage manufacturing services to small and upstart beverage brands. The leaders of Best Bottling have been updating their official statements to make it clear to customers that Best Bottling values customer service, product quality, and on-time order delivery. Best Bottling is at which step in the strategic management process?
Best Bottling is a beverage copacking company that contracts its beverage manufacturing services to small and upstart beverage brands. The leaders of Best Bottling have been updating their official statements to make it clear to customers that Best Bottling values customer service, product quality, and on-time order delivery. Best Bottling is at which step in the strategic management process?
Which managers would be at Level 2: Business-level strategy?
Which managers would be at Level 2: Business-level strategy?
The three key principles of __________ are the creation of a unique and valuable position, trade-offs in competing, and creating a “fit” among activities.
The three key principles of __________ are the creation of a unique and valuable position, trade-offs in competing, and creating a “fit” among activities.
Harvard Business School professor Michael Porter defines strategic positioning as
Harvard Business School professor Michael Porter defines strategic positioning as
In order, the steps of the strategic-management process are
In order, the steps of the strategic-management process are
Flashcards
Management
Management
Pursuit of organizational goals efficiently and effectively.
Functions of Management
Functions of Management
Planning, organizing, leading, and controlling.
Leading
Leading
Inspiring effort to meet customer needs.
Organizing & Controlling
Organizing & Controlling
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Nonmanagerial Employee
Nonmanagerial Employee
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Evidence-based Management
Evidence-based Management
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Classical Viewpoint
Classical Viewpoint
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Classical Management
Classical Management
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Scientific Management
Scientific Management
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Taylor's Principles
Taylor's Principles
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Administrative Management
Administrative Management
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Behavioral Viewpoint
Behavioral Viewpoint
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Behavioral thought phases
Behavioral thought phases
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Hugo Munsterberg
Hugo Munsterberg
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Mary Parker Follett
Mary Parker Follett
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Theory Y Manager
Theory Y Manager
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Promoting High Ethics
Promoting High Ethics
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Triple Bottom Line
Triple Bottom Line
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Internal Stakeholders
Internal Stakeholders
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External stakeholders
External stakeholders
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Ethical Dilemma
Ethical Dilemma
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Pinpoint's code of ethics
Pinpoint's code of ethics
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Utilitarian
Utilitarian
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Globalization Trend
Globalization Trend
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Global Village
Global Village
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Global Economy
Global Economy
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Can get started easily
Can get started easily
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Fresh Toppings is based in Sacramento
Fresh Toppings is based in Sacramento
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Ethnocentric Managers
Ethnocentric Managers
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Wyatt
Wyatt
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Study Notes
- Management is defined as pursuing organizational goals efficiently and effectively.
- The four principal functions of management involve planning, organizing, leading, and controlling.
- When Janie inspired her team to put in extra effort to meet every customer's needs after a competitor closed, she used leading.
- When Tamar assigned engineers to train routes and calculated how many trains arrived on time, representing organizing and controlling.
- Jorge, an associate for a large retailer, is most likely to be a nonmanagerial employee.
- Matthew's management style is best described as evidence-based, as he implemented a seatbelt policy based on evidence of its benefits, pre-legal requirement.
- Scientific and administrative management comprise the classical viewpoint as some of the earliest management theories.
- Alejandro, who focuses on efficiency and assumes workers are rational, is applying the classical viewpoint.
- Kalini is interested in implementing scientific management to identify ways that delivery staff can make the most deliveries in each two-hour period.
- According to Taylor's principles, workers' productivity can be improved by carefully selecting workers according to their abilities and giving them training.
- The manager who is interested in implementing the principles of administrative management involves managing the total organization.
- Brenden needs to adopt the behavioral viewpoint to understand human actions and motivate his employees toward achievement.
- The phases of thought in the behavioral viewpoint from earliest to most recent are early behaviorism, human relations movement, and behavioral science.
- Hugo Munsterberg is known as the father of industrial psychology.
- Editors, editorial assistants, and reporters coordinate to determine which stories should be published, aligns with Mary Parker Follett's ideas.
- Kira is an example of a Theory Y manager, believing that her workers are responsible, capable, and can be trusted when given responsibility.
- Riley should set policies that demonstrate organizational support for ethical behaviors to promote high ethical standards after a public scandal.
- The triple bottom line measures an organization's social, environmental, and financial performance.
- Internal stakeholder consist of the board of directors, employees, and owners.
- Distributors, local communities, and special-interest groups are considered external stakeholders.
- Facing a request to punch a friend's timecard when it violates company policy represents an ethical dilemma.
- New policies around misappropriation of assets, confidentiality, patient privacy, and political contributions are in Pinpoint's code of ethics.
- Asking employees to take a pay cut to avoid store closures with recent sales decline may be characterized as utilitarian.
- Globalization is the trend of the world economy toward becoming a more interdependent system.
- Arturo's ability to travel to Europe, check e-mails, show his company's website, and return to the corporate office in Providence to meet with director is the global village.
- The Berlin Wall came down, Asian countries opened their economies to foreign investors, and there was a worldwide trend of governments deregulating their economies paved the way for the global economy.
- Caleb wants to stay small because if he decides to add new products, small companies can get started more easily and maneuver faster.
- Fresh Toppings, based in Sacramento, California, with restaurants in 25 countries, would be viewed as a multinational corporation in the United States.
- Ethnocentric managers believe that their native country, culture, language, and behavior are superior to all others.
- Wyatt beginning to require the employees to utilization a time clock, something common in U.S. workplace, may signal that he is an ethnocentric manager.
- Manufacturing plants with low labor costs and that give special privileges to their American owned in return for employing Mexican citizens are known as maquiladoras.
- Airbus Inc. is using outsourcing because they order parts for its airplanes from other companies.
- A company is licensing its products when it allows a foreign company to pay it a fee to make or distribute the company's product or service.
- Pineapple Whip is engaged in franchising because they sells its branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits.
- Nyah knows that planning and strategic management can help focus on the most critical problems, choices, and opportunities by providing direction and momentum.
- An entrepreneur would create a business plan to outline goals and strategies with success measures.
- A mission statement expresses why the organization exists, and a vision statement expresses what the organization wants to become.
- LinkedIn's statement about connecting the world's professionals to make them more productive and successful is a mission statement.
- The three levels of planning are strategic, tactical, and operational.
- A company should revise its strategic plan every 1 to 2 years.
- District managers will set goals to be achieved over the next 6 to 24 months as part of tactical planning.
- Best Bottling is in step 1 of the strategic management process and needs to establish the mission, vision, and values statements.
- Retail unit managers would be at Level 2: Business-level strategy.
- The three key principles of strategic positioning are the creation of a unique and valuable position, trade-offs in competing, and creating a “fit” among activities.
- Michael Porter defines strategic positioning as attempts to achieve sustainable competitive advantage by preserving what is distinctive about a company.
- The steps of the strategic-management process are to establish the mission, vision, and values statements; assess the current reality; formulate the grand strategy; implement the strategy; and maintain strategic control.
- Zene is assessing current reality when he eats dinner at a lot of restaurants because he wants to know what is going on.
- Breyona is engaged in SWOT analysis when she keeping a close eyes on her company's internal and external environments to identify better ways of doing business.
- A SWOT analysis is a search for the strengths, weaknesses, opportunities, and threats influencing an organization's competition.
- In a SWOT analysis, organizational strengths are skills and capabilities that give a company advantages in executing its strategies.
- A forecast is a projection of the future.
- Scenario analysis is the process wherein alternative possible plans are created and then the one that best fits the situation is applied.
- Denelle is conducting a trend analysis when she reviews holiday sales from the last five year.
- Benchmarking is the process by which a company compares its performance with that of high-performing organizations.
- Michael Porter proposed that business-level strategies originate with the threats of new entrants, substitute products or services, bargaining power of suppliers and buyers, and competitive rivalries.
- Bella Blooms should be concerned about the threat of rivalry among competitors when natural supply has dramatically increased its marketing to farmers.
- According to Porter, the cost-focus and focused-differentiation strategies have in common that both focus on narrow markets.
- Organizations endeavoring to keep their costs below competitors while targeting a wide market are utilizing a cost-leadership strategy.
- Planet Pantry is pursuing a differentiation strategy because they sell high-quality products and grocery items that are unique to its highly populated area, and it offers frequent cooking classes showcasing global cuisine.
- In management, being effective means using resources wisely and cost-effectively. T/F
- When Deshi is setting employee schedules, assigning sections and work responsibilities, and ordering extra inventory, he is engaged in the leading function of the management process. T/F
- Juliana is engaged in the controlling management function when she is comparing the goals of the clinics in her region with their recent sales. T/F
- As a manager of a high-end jewelry design brand, Reyhan makes strategic long-term decisions about his company's overall direction and is a middle manager. T/F
- Breyona is a middle manager. T/F
- Mintzberg concluded that managers play three broad types of roles: interpersonal, analytical, and critical. T/F
- Human skills consist of the ability to think analytically, to visualize an organization as a whole, and to understand how the parts work together. T/F
- Organizations can gain a competitive advantage simply by selling products and services at a lower price than competitors. T/F
- An industrial food-processing factory has been applying the behavioral science approach to management for over 100 years. T/F
- Data Byte Computer Repair has a clear hierarchy of authority and division of labor. T/F
- Jake takes issue with the classical viewpoint because he believes it promotes an exhausting amount of outside feedback, much of which is not credible. T/F
- A local grocer routinely develops and acquires new knowledge.T/F
- Over half of younger workers believe that companies operate to meet society's needs first. T/F
- The employees are internal stakeholders of the factory. T/F
- The task environment of the local bowling alley consists of just two groups, customers and stockholders T/F
- Boutique Inn and Red Raven Resort can be considered strategic allies. T/F
- The general environment, or macroenvironment, includes six forces: economic, utilitarian, socialization, demographic, procedural, and governmental. T/F
- Best Foods Grocery management noticed an increase in the number of ethnic minority families in its surrounding neighborhoods. T/F
- Lego committed $150 million to convert its operations entirely to renewable energy. T/F
- Emma takes advantage of the fact that Dembe is sleep-deprived and will be more likely to engage in unethical behavior. T/F
- U.S. companies showed less concern for corporate governance and more interest in the development of corporate social responsibility. T/F
- Later that day, Kevin texted Natalia. T/F
- an example of a multinational corporation.T/F
- T/F
- assistant store manager acts like she knows it all. T/F
- world's largest economy. T/F
- Today's global world is different.T/F
- Multi Domestic Corporations (MDCs) prioritize local responsiveness over global integrity.T/F
- A company may enter into a strategic alliance to create a new company. T/F
- T/F
- business model. T/F
- cost leadership strategy. T/F
- High costs and imitation are some of the disadvantages of differentiation strategy. T/F
- offer a narrow segment something unique. T/F
- its saying its code of ethics. T/F
- operational planning. T/F
- tactical planning. T/F
- strategic goal. T/F
- competitive advantage. T/F
- T/F
- T/F
- T/F
- T/F
- T/F
- T/F
- T/F
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