Shared Flashcard Set

Details

Business Management
University of Kentucky MGT 301-001 EXAM 1 Holbein
26
Management
Undergraduate 3
02/17/2010

Additional Management Flashcards

 


 

Cards

Term
Wallstreet journal

The New Job is in the Details
5 points for interviews
Definition
Your Appearance
Meal Etiquette
Awareness (be prepared to work immed.)
Plan Ahead (practice in front of mirror)
Deportment (how you carry yourself)
Term
Wallstreet Journal

Business Owners Try to Motivate Employees
How to emotionally hand hold employees
Definition
Upgrade Titles
enable employees to work remotely
have private weekly meetings
Give bonuses
make breakfast
Term
What is leadership?
Six Parts
Definition
Intentionally - purpose plan vision
Influencing - inspire
Followers - volunteers
Toward Change - visions of betterment
Through Shared Purpose - Win them over
and Personal Responsibility - employee and management take responsibility
Term
Wallstreet Journal

The book review : checklist manifesto
Definition
All jobs can be made better with "checklist," but you still need human judgement
Term
3 levels of management
Definition
Basic Starting Point: Supervisors - focus on short term task in a particular job function

Middle level Managers: Translate long term strategies into short term action

Highest: Executives - mirror image of supervisor, but instead of short term they look at long term in certain tasks and functions over the entire organization.
Term
Different roles of management

3 categories
Definition
Decision making roles (4 types)

Information Processing Roles (informational roles) 3 types

Interpersonal Roles (3 types)
Term
Decision making roles (4 types)
Definition
Entrepreneur role - You will have to decide what projects to initiate

Disturbance Role - Takes care of unexpected events

Resource Allocate - right people with the right tools at the right time

Negotiator
Term
Information Processing roles (Informational roles) (3 types)
Definition
Monitor - watch or oversee

Disseminator role - transfers info from the monitor to the workers

Spokesperson - represents workers, company, and department to others
Term
Interpersonal Roles (3 types)
Definition
Leader - intentionally leads followers toward change

Liason - makes connections and coordiantes different departments

Figure Head - a symbol of the companies values and policies (always watched)
Term
6 major challenges pressing on managers today
Definition
Increasing Efficiency
Increasing Effectiveness
Becoming more flexible and innovatitve in serving customers
Properly utilizing IT
maintaing high ethical standards
Leveraging Powers of diversity
Term
Nepotisms
Definition
hiring and promoting family members
Term
Adam Smith 1776
Definition
Wrote the wealth of nations, focused on why some nations were wealthier than others. Said production has to be efficient
Term
Adam Smith 4 parts of efficiency
Definition
Division of labor
Specialization of labor
Expertise of labor
Efficiency
Term
Fredrick Taylor
Definition
father of management "One best way"
Coal Furnace Example
Term
Fredrick Taylors 4 principles of efficiency
Definition
Study the work and labor of employees
Codify rules (SOP)
Select worker to fit task
Pay for performance
Term
Max Weber's 5 principals
Definition
a managers formal authority comes from the position

Position comes from knowledge, skill, and abilities

Everyone needs a job description

create an organization chart

have a well documented system of policy and procedures
Term
1920 Mary Parker Follet

4 Principles
Definition
Considered the human side of work and organization. Not all about Efficiency

who knows the most about the work of the job (the worker)

Managers should behave as coaches and facilitators

importance of working in cross functional teams

leadership is not based on position, but on knowledge and expertise
Term
Douglas McGreggor
Definition
Theory X and Theory Y
Term
Locus of Control
Definition
Internal vs External
Term
Emotional Intelligence
Definition
ability to understand your as well as others emotions. Learn to manage your own emotions.
Term
Emotional Maturity and Strength
Definition
your choices and actions guide your moods, feeling, and emotions rather than your actions are based on your moods feelings and emotions.
Term
7 types of stakeholders
Definition
Shareholders
Lenders
Employees
Managers
Partners
Customers
Community
Term
2 things that drive business but not stakeholders
Definition
Media
Competition
Term
3 reasons why we must behave ethically
Definition
avoid harming others
maintain and enhance the reputation
it is the right thing to do
Term
3 questions to ask yourself when an ethical decision comes about
Definition
will more than one party benefit?

am i willing to openly communicate my decision to those who are affected?

does my decision fall in the acceptable terms of my profession, NOT business or fim?
Term
Toyota Article 2

5 important performance measures that managers have to maintain
Definition
Reputation
Profit
Lawsuits
Quality
Market Share
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