Key results areas 2. A. Managers pay careful attention to the external environment of the organization: the economy, proposals for laws that would affect profits, stakeholder demands, and consumer and public relations. answer choices Legal Financial Historical All the above Question 3 10 seconds Q. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. The food truck industry would benefit if there were ________, such as required and restricted licenses. 1.2.4.4 -Project Management Processes - 4 cards. In the S-C-P model, ________ refers to the strategies that firms in an industry implement. The subject matter of the Principles of Management exam is drawn from the following topics. B. Heartily cooperate with the men to ensure all the work is done in accordance with the science that has been developed. -Vertical functional structure: people are grouped by similar occupational specialties The pursuit of organization goals efficiently and effectively by integrating the work of people though planning, organizing, leading, and controlling resources, Planning, organizing, controlling, leading, The concept of organizational performance including efficiency and effectiveness and the difference between the two, -Efficiency: use of minimal resources to produce the desired volume output, The seven challenges to being an exceptional manager, competitive advantage, diversity, globalization, information technology, ethical standards, sustainability, own happiness and life goals, The difference in managerial requirements at different levels within the organizational hierarchy, -First line managers: production, sales, accounting supervisor (functional head), The concept of transition management for the manager and the three critical dimensions that a person must manage effectively to be successful at a given level of the organizational hierarchy, change in role concept, change in skills possessed, change the individuals psychology, The three categories of leadership roles and the roles within each category and their meaning, -Interpersonal: interact with people outside their work units, The four levels of skills plus transition management skills that managers must develop over their careers in order to be effective from the bottom to the top levels of the organization, Core management, operational management (day to day), organizational management (multilevel), organizational development. Plus one for every level: transition management, The transition in management skill emphasis as one progresses upwards in management, knowing how to transition to the next step in managing, The concept of evidence based management (Pfeffer and Sutton), Evidence based management: translating principles based on best evidence into organizational practice, bringing rationality to the decision making process, The two overarching perspectives about management, -Historical: classical, behavioral, quantitative Medical or vacation benefits WebThe exam contains approximately 100 questions to be answered in 90 minutes. Identify and define market 3. A. Humanistic C. Determine the financial impact before taking action. Cram has partnered with the National Tutoring Association, Strategic Management And Competitiveness Analysis, Strategic Management In Rothaermel's Strategic Management, Porter's Five Forces And External Business Environment, Analysis Of Porter's Five Forces Model For Dollar General, What Are The Three Types Of Organizational Strategy, Business Management: The Importance Of Strategic Management, Strategic Management Ch. 1.00 - 27 cards. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization 1.2.6.2 - Project Benefits Management Plan - 6 cards. A. Salary These include C. planning, organizing, leading, and controlling. Firm profitability is driven by the structure of assets within the firm two assumptions of RBV: Tangible and intangible assets that a firm controls to implement strategy, Plant, Equipment, Natural Resources, IT, etc, Training, intelligence, insight of individuals. Jim Roth, dell worker, related to his factory team by doing what? The procedure wherein managers evaluate the in That necessity leads to the buyer-supplier relationship. -Study jobs and determine which people are best suited to specific jobs, identify psychological conditions under which employees do their best work, devise management strategies to influence employees to follow management interests, Early behaviorism, Mary Parker Follett and her primary philosophies, -Follett: social worker and social philosopher You need to schedule an international conference call with co-workers that includes managers and employees. C. bureaucratic, 1. Please upgrade to Cram Premium to create hundreds of folders! A. Are you ready for the 'Configuration Management Exam?' -Simple: authority in centralized in a single person with few rules and low work specialization B. Follow a product through its lifecycle, . A. Strategy enables businesses to evaluate the external opportunities and threats that effect their success STRATEGIC MANAGEMENT -Scalar principle: clearly defined line of authority in the organization that included all employees, Authority, responsibility, accountability and delegation, -Authority: formal and legitimate right of a manager to make decisions, issues orders, and allocate resources Do You Know How To Survive In The Wild? A. lifetime employment guarantees Only Project Team. Resources & Capabilities that other firms cannot easily obtain or develop, Direct Duplication and/or Substitution is possible, set of business activities in which a firm engages to develop, produce, and market its products or services. A good staffing plan B. -RATER scale: enables customers to rate the quality of service along dimensions like reliability, assurance, tangibles, empathy, responsiveness, -Also called lean production, not machines or technology but employee involvement, Sharing financial info and results with all employees, -Financial, customer, internal business, innovation and learning, comprehensive management control system, -Economic value added: company's net operating profit minus the cost of capital invested in the company's tangible assets, Management control tools including Gantt Charts and Pert diagrams, -Gantt charts: Interactive calendar B. Can increase employee motivation and satisfaction C. Allows organizations to be more self-sustaining D. Makes it harder to expand the organization These are aspects of which macro term? 1. Better attention to Johnson & Johnson's ________ might have saved the company from litigation and penalties. Note: Each institution reserves the right to set its own credit-granting policy, which may differ from the American Council on Education (ACE). During a meeting there is a long period of silence. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. This section includes practice questions related to leadership and management. -Modular: firm assembles product chunks, or modules, provided by outside contractors, -Mechanistic: centralized hierarchy of authority, many rules and procedures, specialized tasks, formalized communication WebWhich level of management has the primary functions of interpreting and integrating? Take up this quiz and prove your knowledge now. Max Weber believed that management should be separate from ownership and managers should be protected from arbitrary dismissal. When designing a new product, a good schedule helps management? Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. Early behaviorism 2. 1. Management failed to, 1. A. optimizing the work process and training employees to follow it C. Thank her and tell her who authored the report. C. Gantt chart, 1. Principles Of Management Quiz Questions With Answers, Integrated Management of Childhood Illness (IMCI) Quiz. Administering rewards, Barriers to effective control systems including goal displacement, suboptimization, measurementship and falsifying, -Goal displacement: lack of goal congruence created by the motivation to achieve some goals sought by the organization at the expense of other intended goals Workers were concerned the increased efficiency would mean less work and less pay. B. C. that human resources hires the right people, B. that the people in the organization support the strategy, 1. 1.2.4.5 Process Groups - 7 cards. Efficiency. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. The general environment areas include Quiz: What Will I Look Like When I'm Older? Which is an advantage of a matrix organization? Management has neglected its function of, 1. Companies strive to provide a product or service that is distinct, or ________, in some way from their competitors. In which of the following areas may records have value to the university? C. Empowerment The company could lose a large amount of money if customers find out about the problem. Objectives 3. Processes that create products Competitive Advantage. These companies follow which organization design thinker from 100 years ago, who said activities that are similar should be the responsibility of one person? A. corporate values Buildings C. planning, organizing, leading, and controlling. A. benevolent and caring manner WebThe exam contains approximately 100 questions to be answered in 90 minutes. -Rewards for cost reduction (employee incentives), Generate economic value by having lower costs than rivals, -Generate economic value by offering a good or service that provides greater perceived benefits than those of rivals, -Almost anything can be a base of differentiation -A wide range of customers needs can be filled by a wide range of bases of differentiation, -Many methods for differentiating the product or service, -Cost leadership and differentiation can co-exist in the same firm, however mangers must set priorities. Ask your manager to solve the problem. C. Thank the person for giving you their card. A. D. Yes, it is always good to control meetings this way. Principles from the ________ school of management were originally designed to prevent favoritism and incompetence. Google has a flatter organization chart than most large companies. C. Have the best product prices What is the consumer surplus in this market? -Risk: decision has clear goals, info is available, future outcomes are subject to chance At December 31, 2020, the book value of the equipment was$30 million. B. in your target market WebManagement Flashcards. Managers encourage, support, and foster talented employees. 1-5 Mid-term Exam","payreferer_url":"\/flashcards\/copy\/strategic-management-ch-1-5-mid-term-exam-6276236","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. Sheryl Sandberg, now COO of Facebook, is great at encouraging fellow employees, but this is usually the ________ role of middle management. The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organizations resources. Middle Which is not true concerning corporate downsizing? https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) Provides more opportunities for advancement B. Employees A. project planning chart -Must provide info about the results of operations and peoples performance, -Physical, HR, informational, financial, structural, cultural, The seven key components of a performance management system, -1. C. competitive analysis, 1. Pretax accounting income for 2021 was$50 million. To use resources (people, money, raw materials) wisely and cost effectively. You will also be required to apply knowledge, general concepts, and principles to specific problems. Thank her and take credit for the report. (Choose multiple) A. Domestic U.S. companies conducting a PESTEL analysis consider national growth, employment, inflation, and interest rates. D. Efficiency, A primary goal of quality assurance and control programs is to: answer choices Planning, directing, organizing and delegating A. Method of measurement 5. Managers must motivate employees, negotiate salaries, and encourage employees toward innovation and creativity. C. set stretch goals for each employee so they'll be motivated to grow, A. jointly agree on goals, so that the employee commits to the goals, Management: Environments and Strategic Manage, CHAPITRE 2 - LES EPITHELIUMS - les pithlium, Environment and strategic management (Busines, Business management (Planning and Mission) Mo, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. Testing to ensure quality products 2. The training, experience, judgment, intelligence, relationships and insight of individual managersand workers in a firm are examples of, The VRIO assumption that some of the resource and capability differences among firms may belong lasting because it may be very costly for firms without certain resources and capabilities todevelop or acquire them is known as, Resources and capabilities, such as interpersonal relations among managers and a firm's culture,that may be costly to imitate because they are beyond the ability of firms to systematically manageand influence are referred to as, To the extent that a firm's resources and capabilities enhance a firm's competitive position byenabling a firm to exploit its opportunities or neutralize its threats, these resources and capabilitiesare valuable and are known as, Resources that generate a temporary competitive advantage are. B. commitment to the plan Leading. C. negotiator, 1. D. Report the person who caused the problem, B. B. C. Knowledge-based work can't be observed and broken down for efficiencies like manual labor. At December 31, 2021, the book value of the equipment was $28 million. Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. -Embargoes: ban on import and export of certain products, Organizations promoting international trade (and what they do), -World Trade Organization (WTO): monitor and enforce trade agreements, agreements based on the general agreement on tariffs and trade (GATT), 153 countries A. industry analysis Questions and Answers 1. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. B. resource allocator 1. -TQM: comprehensive approach led by top management and supported throughout the organization dedicated to improvement, training, customer satisfaction His concept was to engage the employee's intrinsic motivation. 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