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man 2500 exam 1
man 2500 exam 1
57
Business
Undergraduate 3
10/01/2014

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Term
how much money did the average family live on before 1500
Definition
less than 300
Term
the country that introduced international trade, the stock market and insurance
Definition
the dutch
Term
Joeseph Schumpet,
Definition
the central figure of economic history: the entrepreneur and creative destruction. born in austria
Term
asymmetric vs symmetric competition
Definition
Term
management, a process of:
Definition
the process of working with and through others to achieve stated objectives in an ethical manner
Term
components of well stated objectives:
Definition
have outcomes measures standards and constraints (limits,barriers, or opportunites)
Term
according to peter drucker,
Definition
management must be effective, efficient and economical
Term
who's the father of modern management
Definition
Peter f drucker
Term
what is the first objective of a business from peter f drucker
Definition
to create a customer
Term
Robert Katz model of how managers spend their time
Definition
Term
pareto's law
Definition
law the minority significantly contributes to the majority
Term
Changing organizational paradigms
Definition
*
Term
organizational behavior
Definition
Interdisciplinary field dedicated to better understanding and managing people at work.
Term
douglas mcgregors theory x and y
Definition
theory x
people dislike work
people must be punished to work
most people prefer to be directe
theory y
work is natural
people capable of self direction
rewards help achieve org. objectives
employees seek responsibility
employees have imagination ingenuity and creativity
Term
total quality management (tqm)
Definition
training, helpful leadership,eliminate fear.
Term
w. edwards deming quote
Definition
when things go wron 85% is management, 15% employee
Term
iv\bm price/ performance ratio
Definition
Term
the hawthorne studies
Definition
social and psychological actors affect work
Term
ethics
Definition
the personal code of conduct among individuals
• Judgments about right and wrong
• Greatest source of organizational conflict
• Individual companies determine ethical standards
• Best taught by leadership
Term
formalized
Definition
Term
factors in making ethical decisions (4)
Definition
ethical decisions have mixed outcomes, uncertain consequences, multiple alternatives, and personal implications
Term
moral problems in management
Definition
• Management is the process of working with and through others to achieve stated objectives in an ethical manner
examples of ethical complaints
• use of company resources for personal use
• employee relations
• conflicts of interese
• use and recording of billable time
Term
good corporate ethics officers need to be (7)
Definition

Behave ethically

screen potential employees

develop a code of ethics 

provide ethics training

reinforce ethical behavior

build structural mechanisms to deal with ethics

create a cliamate for unnecesary whistle blowingg

Term
most conflict in organizations caused by
Definition
ethics
Term
top management must model
Definition
Term
diversity
Definition
the host of individual differences that make people different nd similar from each other
Term
the center or core of diversity is?
Definition
personality *
Term
affirmative action
Definition
focuses on achieveing equality of opportunity in a n organization (artificial intervention)
Term
valuing diversity
Definition
releasing every employees potential
managing diversity
Term
changing workforce demographics
Definition
• women in the workforce- glass ceiling
• people of color
• immigrants the us
• occupational requirments and underemployment
• the aging workplace
• earlier career plateauing (fewer organizational levels, wider organizations, not taller)
competitive advantage of mani
Term
career plateauing
Definition
• earlier career plateauing (fewer organizational levels, wider organizations, not taller)
Term
organizational culture
Definition
• shared values and beliefs that underlie a companys identity
• manifestations shared things objects shared sayings (talk)shared doing(behavior) and shared feeling(emotion)
• an onion, must be peeled back to see its layers
layers of org culture
• observable artifacts-physical manifestations
Term
define culture
Definition
beliefs and values about how a community of people should do and act
Great differences in cultures and in management style among the various cultures
Culture is multilayered peel the layers on and onion
Culture is subtle but a pervasive force
Term
ethnocentrism
Definition
• The belif that ones native country, culture, language, and modes of behavior are superior to all others
Various intelligences
Term
different (incompatible) cultures:
Definition
frequent cause of failed mergers
Term
manifestations of culture:
Definition
• manifestations shared things objects shared sayings (talk)shared doing(behavior) and shared feeling(emotion)
• an onion, must be peeled back to see its layers
Term
four functions of organizational culture:
Definition
organizational identity, collective commitment, social system stability, sense making device
Term
espoused vs enacted values
Definition
o espoused values-stated values and norms
o enacted values-exhibited by emoployess
Term
constructive culture related to
Definition
Term
congruence vs incongruency
Definition
• congruence with indivduals values and org values related to org commitment, job satisfaction, intentions to quit, and turnover
Term
feldmans model of organizational socialization:
Definition
• Anticipatory socialization, prior to joing the organization
• Encounter values, skills, and attitudes as the recruit discovers what the organization is truly like
• Change and acquisition-recruit masters skills, roles, and adjusts to the work groups values and norm
Term
mentoring
Definition
lasting developmental relationship between a senior and a junior person
Term
role modeling
Definition
, linked to rapid promotion
Term
realistic job preview
Definition
alter unrealistic expectations
Term
high context vs low context cultures
Definition
• High context-primary meaning derived from nonverbal situational cues • Low context-primary meaning derived from written and spoken words • In the us we operate with words, but most cultures look for nonverbal situational cues.
Term
low context cultures
Definition
written and spoken words carry the burden of shared meanings
Term
individualiostic vs collectivist culture
Definition
• Individualism-collectivism-how loose or tight is the bond between individuals and societal groups?
Term
monochronic vs polychronic time
Definition
• Monochratic time-preference for doing one thing at a tiem because time is limted, precisely segmented, and schedule driven.
Term
proxemics (interpersonal space)
Definition
• Proxemics-the study of the cultural expectations about interpersonal space
• Four interpersonal distance zones(sometimes called space bubbles)
o Intimate personal social and public
• Greatly different for various cultures, for example, the us as compared to south America or arab cultures (feet vs inches)
Term
what are the key cultural dimensions in the hofstede-bond studies
Definition
Power distance,individualism-collectivism,masculinity-femininity,uncertainty avoidance,long term vs short term orientation
Term
power distance
Definition
how much inequality do people expect in social institutions?
Term
individualism-collectivism
Definition
how loose or tight is the bond between individuals and societal groups?
Term
masculinity- feminity
Definition
to what extent do people embrace competitive masculine traits, or nurturing feminine traits?
Term
uncertainty avoidance
Definition
to what extent do people prefer sstructured vs unstructured situations
Term
long term vs short term orientation
Definition
- to what extent are people ariented toward the future by saving and being persistent vs being oriented toward the present and past by respecting tradition and meeting social obligations.
Term
conversational distance in different countries
Definition
Term
four layers of diversity
Definition
o personality
o internal dimensions
o external dimensions
o organizational dimensions
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