Podcast
Questions and Answers
What is one of the three important trends in management mentioned in the text?
What is one of the three important trends in management mentioned in the text?
- Growing need for managers with local management skills
- Crisis management (correct)
- Use of internal directors for management control
- Decreasing use of information technology in organizations
How should managers deal with crises according to the text?
How should managers deal with crises according to the text?
- Develop contingency plans, face the problem, tell the truth, ask for help when needed, and learn from past experiences (correct)
- Blame others for the crisis
- Ignore the problem and hope it goes away
- Cover up the situation and do not communicate with stakeholders
What impact is the proliferation of data and analytics in information technology having on managers?
What impact is the proliferation of data and analytics in information technology having on managers?
- Less focus on short-term results by managers
- Reducing the need for financial and performance data
- Increasing number of organizations are looking for cutting-edge technology in product and service development (correct)
- Decreasing reliance on technology for decision-making
Which technology is highlighted in the text as particularly useful for managers?
Which technology is highlighted in the text as particularly useful for managers?
What is a drawback mentioned in the text regarding dashboard technology?
What is a drawback mentioned in the text regarding dashboard technology?
What is one of the challenges that managers face in a global market?
What is one of the challenges that managers face in a global market?
What skill is essential for managers operating in diverse cultural environments?
What skill is essential for managers operating in diverse cultural environments?
What are three important trends in management today mentioned in the text?
What are three important trends in management today mentioned in the text?
What is a requirement for employees in companies doing business globally according to the text?
What is a requirement for employees in companies doing business globally according to the text?
What is a key aspect of crisis management mentioned in the text?
What is a key aspect of crisis management mentioned in the text?
How can managers make quicker decisions according to the text?
How can managers make quicker decisions according to the text?
What skill is highlighted as growing in importance as more companies expand globally?
What skill is highlighted as growing in importance as more companies expand globally?
What must managers do to develop a culture of trust?
What must managers do to develop a culture of trust?
What is the recommended approach for managers to deal with crises according to the text?
What is the recommended approach for managers to deal with crises according to the text?
What is one of the drawbacks associated with dashboard software mentioned in the text?
What is one of the drawbacks associated with dashboard software mentioned in the text?
What is a key aspect of crisis management highlighted in the text?
What is a key aspect of crisis management highlighted in the text?
How can managers contribute to building a culture of trust in organizations according to the text?
How can managers contribute to building a culture of trust in organizations according to the text?
In what way does the proliferation of data and analytics impact managers, as discussed in the text?
In what way does the proliferation of data and analytics impact managers, as discussed in the text?
What should managers do in global markets to address challenges effectively?
What should managers do in global markets to address challenges effectively?
Which technology tool is particularly useful for providing up-to-the-minute information to employees?
Which technology tool is particularly useful for providing up-to-the-minute information to employees?
What is a key aspect of crisis management highlighted in the text?
What is a key aspect of crisis management highlighted in the text?
In which areas must employees working in multiple locations around the world often be knowledgeable about according to the text?
In which areas must employees working in multiple locations around the world often be knowledgeable about according to the text?
What is a crucial skill needed by managers in today's globalized world?
What is a crucial skill needed by managers in today's globalized world?
What is one of the requirements for managing multinational cultures mentioned in the text?
What is one of the requirements for managing multinational cultures mentioned in the text?
Which trend in management emphasizes learning from crises to prevent them in the future?
Which trend in management emphasizes learning from crises to prevent them in the future?
What is the role of managers in fostering a culture of trust according to the text?
What is the role of managers in fostering a culture of trust according to the text?
How can managers make quicker, better-informed decisions according to the text?
How can managers make quicker, better-informed decisions according to the text?
Why do managers need global management skills according to the text?
Why do managers need global management skills according to the text?
What is an important aspect of information technology mentioned in the text?
What is an important aspect of information technology mentioned in the text?
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