Podcast
Questions and Answers
Which type of strategy focuses on what businesses a company is in or wants to be in?
Which type of strategy focuses on what businesses a company is in or wants to be in?
- Competitive
- Functional
- Tactical
- Corporate (correct)
Which three main types of corporate strategies are identified?
Which three main types of corporate strategies are identified?
- Stability, focus, and turnaround
- Stability, differentiation, and focus
- Growth, stability, and renewal (correct)
- Growth, cost leadership, and differentiation
What strategy involves an organization expanding the number of markets served or products offered?
What strategy involves an organization expanding the number of markets served or products offered?
- Growth (correct)
- Retrenchment
- Renewal
- Stability
How do organizations typically grow according to their strategies?
How do organizations typically grow according to their strategies?
What type of strategy does an organization use when it focuses on its primary line of business?
What type of strategy does an organization use when it focuses on its primary line of business?
If Emily's Bakery decides to open a second location offering the same menu, which strategy is she following?
If Emily's Bakery decides to open a second location offering the same menu, which strategy is she following?
Which strategy is primarily concerned with maintaining current market position without significant changes?
Which strategy is primarily concerned with maintaining current market position without significant changes?
Which strategy is associated with an organization diversifying its product lines and markets?
Which strategy is associated with an organization diversifying its product lines and markets?
What should Arnold, the CEO, do first to address the decline in sales of high-end units?
What should Arnold, the CEO, do first to address the decline in sales of high-end units?
What does the recent drop in ridership on public transportation buses represent?
What does the recent drop in ridership on public transportation buses represent?
Which of the following statements about workplace management is correct?
Which of the following statements about workplace management is correct?
What is the next step in the decision-making process after identifying a problem?
What is the next step in the decision-making process after identifying a problem?
In decision-making, what must a manager determine to identify decision criteria?
In decision-making, what must a manager determine to identify decision criteria?
What is a primary focus of a manager's job?
What is a primary focus of a manager's job?
Who is defined as an individual that coordinates the work activities of others to achieve organizational goals?
Who is defined as an individual that coordinates the work activities of others to achieve organizational goals?
What are Belinda's target market size, production costs, and net profits considered in her decision process?
What are Belinda's target market size, production costs, and net profits considered in her decision process?
What term is used for individuals who direct the activities of others within an organization?
What term is used for individuals who direct the activities of others within an organization?
After establishing relevant decision criteria, what is the next step in the decision-making process?
After establishing relevant decision criteria, what is the next step in the decision-making process?
Which step in the decision-making process requires the most creativity?
Which step in the decision-making process requires the most creativity?
What does the organizational chart indicate about the structure of an organization with titles like front-line manager and vice president of operations?
What does the organizational chart indicate about the structure of an organization with titles like front-line manager and vice president of operations?
What is true about the decision criteria in the context of problem resolution?
What is true about the decision criteria in the context of problem resolution?
Which of the following best describes first-line managers?
Which of the following best describes first-line managers?
What is another name for a supervisor in the context of management?
What is another name for a supervisor in the context of management?
Which role is an example of a first-line manager?
Which role is an example of a first-line manager?
What kind of decision-making condition is a retail clothing store manager operating under when estimating orders based on last spring's outcomes?
What kind of decision-making condition is a retail clothing store manager operating under when estimating orders based on last spring's outcomes?
What is the situation called when a decision maker has neither certainty nor reasonable probability estimates available?
What is the situation called when a decision maker has neither certainty nor reasonable probability estimates available?
Nonprogrammed decisions are typically made under what condition?
Nonprogrammed decisions are typically made under what condition?
What does organizational culture primarily reflect?
What does organizational culture primarily reflect?
What type of choice is made when a person at a horse racetrack bets all their money on a long shot to win?
What type of choice is made when a person at a horse racetrack bets all their money on a long shot to win?
Which dimension of organizational culture emphasizes a concern for employees' well-being?
Which dimension of organizational culture emphasizes a concern for employees' well-being?
Optimistic managers are likely to use their maximax orientation when they are trying to do what?
Optimistic managers are likely to use their maximax orientation when they are trying to do what?
When decision makers seek out information that supports their past choices while ignoring contradictory information, this behavior is known as what?
When decision makers seek out information that supports their past choices while ignoring contradictory information, this behavior is known as what?
How do strong cultures differ from weak cultures in terms of employee behavior?
How do strong cultures differ from weak cultures in terms of employee behavior?
What bias is used when decision makers assess the likelihood of an event based on how closely it resembles other events?
What bias is used when decision makers assess the likelihood of an event based on how closely it resembles other events?
Which dimension of organizational culture prioritizes collaboration among employees?
Which dimension of organizational culture prioritizes collaboration among employees?
Unstructured problems are characterized by which of the following?
Unstructured problems are characterized by which of the following?
What aspect does Google’s organizational culture emphasize through its employee satisfaction measures?
What aspect does Google’s organizational culture emphasize through its employee satisfaction measures?
How are the cultural perceptions usually expressed by employees of different backgrounds?
How are the cultural perceptions usually expressed by employees of different backgrounds?
What is a characteristic of a weak organizational culture?
What is a characteristic of a weak organizational culture?
What aspect of organizational management is Martha most concerned with?
What aspect of organizational management is Martha most concerned with?
What concept describes when managers make decisions that are rational but limited by their ability to process information?
What concept describes when managers make decisions that are rational but limited by their ability to process information?
By limiting her search to only vendors in her state, what decision-making approach did Evelyn use?
By limiting her search to only vendors in her state, what decision-making approach did Evelyn use?
What term best describes the approach when managers tend to find a satisfactory solution rather than the optimal one?
What term best describes the approach when managers tend to find a satisfactory solution rather than the optimal one?
What results in a solution that is considered 'good enough'?
What results in a solution that is considered 'good enough'?
In the context of her idea requiring cooperation across resistant departments, what approach is Gilda using?
In the context of her idea requiring cooperation across resistant departments, what approach is Gilda using?
When managing decision-making processes, managers cannot possibly analyze all information on all alternatives; they tend to ________, rather than ________.
When managing decision-making processes, managers cannot possibly analyze all information on all alternatives; they tend to ________, rather than ________.
If Abigail selects the first copier she finds that meets her criteria for her company, what is she demonstrating?
If Abigail selects the first copier she finds that meets her criteria for her company, what is she demonstrating?
Which of these describes a decision-making approach that might overlook all alternatives and consequences?
Which of these describes a decision-making approach that might overlook all alternatives and consequences?
Flashcards
Bounded Rationality
Bounded Rationality
A decision-making process where individuals are limited by their ability to process and analyze all information available, leading them to choose solutions that are "good enough" rather than optimal.
Satisficing
Satisficing
A decision-making approach where individuals search for and select the first acceptable alternative that meets their minimum criteria, rather than exhaustively exploring all possibilities.
Intuitive Decision Making
Intuitive Decision Making
A decision-making style that relies on intuition, experience, and past patterns to make quick judgments, often in situations with limited time or information.
Evidence-Based Management
Evidence-Based Management
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Escalation of Commitment
Escalation of Commitment
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What is the modern focus of managers?
What is the modern focus of managers?
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What is a manager?
What is a manager?
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What is the role of a first-line manager?
What is the role of a first-line manager?
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What does a traditional organizational chart typically show?
What does a traditional organizational chart typically show?
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What is another term for a first-line manager?
What is another term for a first-line manager?
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What is an example of a first-line manager?
What is an example of a first-line manager?
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What is the role of a middle manager?
What is the role of a middle manager?
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What is an organizational chart?
What is an organizational chart?
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Problem
Problem
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Symptom
Symptom
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Decision Criteria
Decision Criteria
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Allocating Weights
Allocating Weights
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Alternatives
Alternatives
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Analyzing Alternatives
Analyzing Alternatives
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Implementing the Alternative
Implementing the Alternative
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Creativity
Creativity
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Organizational Culture Perception
Organizational Culture Perception
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Founder's Vision: Source of Culture
Founder's Vision: Source of Culture
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Shared Perception of Culture
Shared Perception of Culture
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People Orientation in Culture
People Orientation in Culture
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Stability in Organizational Culture
Stability in Organizational Culture
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Aggression in Culture
Aggression in Culture
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Team Orientation in Culture
Team Orientation in Culture
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Strong vs. Weak Cultures
Strong vs. Weak Cultures
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Corporate Strategy
Corporate Strategy
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Growth Strategy
Growth Strategy
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Concentration Strategy
Concentration Strategy
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Integration Strategy
Integration Strategy
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Diversification Strategy
Diversification Strategy
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Horizontal Integration
Horizontal Integration
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Vertical Integration
Vertical Integration
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Stability Strategy
Stability Strategy
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Uncertainty
Uncertainty
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Risk
Risk
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Certainty
Certainty
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Maximax
Maximax
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Minimax Regret
Minimax Regret
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Confirmation Bias
Confirmation Bias
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Representation Bias
Representation Bias
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Availability Bias
Availability Bias
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