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management 4
chapters 12, 14, 16
148
Management
Undergraduate 2
05/06/2010

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Term
work performance equals
Definition
= motivation*ability*situational constraints
Term
ability
Definition
knowledge, skills, talent
Term
situational constraints
Definition
tools, policies, resources (beyond control of individual employees)
Term
motivation
Definition
1) the psychological processes that arouse and direct goal oriented behavior
2) effort, degree to which someone works hard to do the job
Term
fulfillment process
Definition
1) unfulfilled need
2) motivation
3) behaviors
4) rewards
Term
extrinsic cues
Definition
payoff a person receives from others for performing a particular task
Term
intrinsic sues
Definition
satisfaction a person receives from performing the particular task
Term
needs
Definition
physiological or psychological deficiencies that arouse behavior
Term
content perspectives
Definition
theories that emphasize the needs that motivate people
Term
Maslow's hierarchy of needs (top to bottom)
Definition
1) self actualization
2) esteem
3) love
4) safety
5) physiological
Term
implications of Maslow's hierarchy of needs
Definition
1) once needs are fulfilled, adding more effort for the needs are less effective
2) give employees a chance to fulfill their higher-level needs (not just paycheck)
Term
Steve jobs and John Sculley
Definition
Jobs lured Scully away from Pepsi by saying, "...you want a chance to change the world" appealed to higher needs
Term
Alderfer's ERG theory
Definition
1)existence
2) relatedness
3) growth
Term
existence
Definition
physiological and material well-being
Term
relatedness
Definition
have meaningful relationship with people
Term
growth
Definition
desire to grow to their fullest potential
Term
implications from Alderfer's ERG theory
Definition
1) frustration-regression component: if our higher level needs (growth) are frustrated then we intensively seek to fulfill the lower level needs
Term
McCelland's aquired needs theory
Definition
identifies major motives determining peoples behavior in the workplace
1) achievement
2) affiliation
3) power
Term
achievement
Definition
excellence in challenging tasks
Term
affiliation
Definition
friendly warm relationships
Term
power
Definition
responsible for or control other people
Term
Herzberg's two factor theory
Definition
1) proposed that work satisfaction and dissatisfaction arise from 2 different factors
2) increase motivating factors leads to greater work satisfaction
3) decrease hygiene factors increases work dissatisfaction
Term
Herzberg's two factors
Definition
1) motivating
2) hygiene
Term
examples of motivating factors
Definition
1) achievement
2) recognition
3) work
4) responsibility
5) advancement/growht
Term
examples of hygiene factors
Definition
1) pay/security
2) working condition
3) interpersonal relationships
4) company policy
5) supervisor
Term
process perspective
Definition
1) equity theory
2) expectancy theory
3) goal setting theory
Term
equity theory
Definition
1) are my inputs equal to their inputs and are my outputs equal to their outputs or in the correct ratio
Term
implications of the equity theory
Definition
1) decreasing inputs (work)
2) increasing outputs (pay)
3) rationalize or distort inputs or outcomes
4) changing the referent
5) leave
Term
practical lessons from the equity theory
Definition
1) employee perceptions are what count
2) make decision process fair
3) distributive justice
4) procedural justice
Term
expectancy theory
Definition
motivation=valance*instrumentality*expectancy
Term
expectancy
Definition
belief that a particular level of effort will lead to a particular level of performance
Term
instrumentality
Definition
expectation that successful performance of the task will lead to the desired outcome
Term
valance
Definition
the value a worker assigns to an outcome
Term
job design perspectives
Definition
1) job simplification
2) job enlargement
3) job enrichment
Term
McDonald drive through window is
Definition
1) routine job
2) has 100% employee turnover ratio
Term
job simplification
Definition
1) division of labor
2) people as cogs
3) very economical (frederick taylor, the gilbreths)
4) boring
Term
job characteristics model
Definition
1) meaningfulness
2) responsibility
3) knowledge of actual result
4) contingency factors
knowledge and skills
desire for personal growth
context satisfaction
Term
5 job characteristics
Definition
meaningfulness
1) skill variety
2) task identity
3) task significance
responsibility
4) autonomy
knowledge of actual result
5) feedback
Term
3 psychological states
Definition
1) experienced meaningfulness
2) responsibility
3) knowledge
Term
work outcomes
Definition
1) high motivation
2) performance
3) satisfaction
Term
reinforcement theory
Definition
explains behavior by suggesting
1) behavior with positive consequences tends to be repeated
2) behavior with negative consequences tend to not be repeated
Term
operant conditioning
Definition
1) skinner box (pigeon)
2) the study of how behavior is controlled by the surrounding environment
Term
positive reinforcement
Definition
use of positive consequences to encourage desirable behavior
Term
negative reinforcement
Definition
removal of unpleasant consequences following a desired behavior
Term
extinction
Definition
withholding or withdrawal of positive rewards for desirable behavior, so that behavior is less likely to occur
Term
punishment
Definition
application of negative consequences to stop or change undesirable behavior
Term
reinforcement vs. punishment
Definition
1) reinforcement makes desired behavior more likely to occur
2) extinction and punishment make behavior less likely to happen
Term
using reinforcement to motivate employees
Definition
1) reward only desired behavior
2) give rewards as soon as possible
3) be clear about what behavior is desired
4) having different rewards because individuals differ
Term
types of compensation
Definition
1) wages
2) incentives
3) benefits
Term
best incentive compensation plans
Definition
1) reward linked to performance and measurable
2) reward must satisfy individual needs
3) reward must be agreed on by manager and employees
4) reward must be believable, achievable by employees
Term
ways to influence others
Definition
1) leadership
2) power
Term
leadership
Definition
ability to influence others to voluntarily pursue organizational goals
Term
power
Definition
extent to which a person is able to influence others so they respond to orders
Term
leaders...
Definition
1) foresee
2) win support
3) reinforce
Term
power comes from
Definition
1) from authority
2) not from authority (knowledge, expertise, etc)
Term
authority but no power
Definition
1) the right but not the ability to get subordinates to do things
Term
authority plus power
Definition
the right and the ability to get subordinates to do things
Term
power but no authority
Definition
the ability but not the right to get other people to do things
Term
5 sources of power
Definition
1) legitimate power
2) reward power
3) coercive power
4) expert power
5) referent power
Term
legitimate power
Definition
results from managers formal positions within the organization
Term
reward power
Definition
results from managers authority to reward their subordinates
Term
coercive power
Definition
results from managers authority to punish their subordinates
Term
expert power
Definition
results from one's specialized information or expertise
Term
referent power
Definition
derived from ones personal attraction
Term
9 general tactics for influencing others
Definition
1) consultation
2) rational persuasion
3) inspirational appeals
4) ingratiating tactics
5) personal appeals
6) coalition tactics
7) pressure tactics
8) legitimating tactics
9) exchange tactics
Term
consultation
Definition
getting others to participate
Term
rational persuasion
Definition
logic, reason or facts
Term
inspirational appeals
Definition
emotions, ideals, or values
Term
ingratiating tactics
Definition
acting humble or friendly before making a request
Term
personal appeals
Definition
friendship and loyalty when making a request
Term
coalition tactics
Definition
getting others to support your efforts
Term
pressure tactics
Definition
using demands, threats or intimidation
Term
legitimating tactics
Definition
1) making requests based upon superiors or pules or policies
2) upward appeal
Term
trait approach
Definition
1) attempt to identify distinctive characteristics that account for effective leaders
Term
key positive leadership traits
Definition
1) intelligence, self confidence, determination, honesty/integrity, sociability, problem-solving, extraversion and conscientiousness
Term
Kouzes and Posner's research
Definition
1) traits preferred by employees: honest, competent, forward-looking, inspiring, intelligent
2) cant predict which people might be successful leaders
Term
GLOBE Project
Definition
1) Global Leadership and Organizational Behavior Effectiveness
2) out to find the impact of cultural variables on leadership and organizational processes
Term
GLOBE universally positive leader attributes
Definition
1) trustworthy
2) just
3) honest
4) foresight
5) plans ahead
6) encouraging
7) positive
8) dynamic
Term
GLOBE universally negative leader attributes
Definition
1) loner
2) asocial
3) noncooperative
4) irritable
5) nonexplicit
6) egocentric
7) ruthless
8) dictatorial
Term
women score higher than men on...
Definition
1) producing high quality work
2) recognizing trends
3) generating new ideas
4) goal setting
5) mentoring employees
Term
desirable traits females excel in
Definition
1) teamwork and partnering
2) being collaborative
3) seeking less personal glory
4) less motivated by self interest
Term
behavioral approach
Definition
1) attempts to determine the distinctive styles (patterns of behavior) used by effective leaders
2)behavior over traits
Term
models of the behavioral approach
Definition
1) university of michigan model
2) ohio state model
Term
university of michigan model
Definition
1) job centered vs. employee-centered behavior
2) paid attention to job and work procedures: achieving production efficiency, keeping costs down
3) employee centered behavior: managers paid more attention to employee satisfaction and making work groups cohesive
Term
ohio state leadership model
Definition
1) initiating structure: behavior that organizes and defines what group members should be doing
2) consideration: expresses concern for employees by establishing a warm friendly supportive climate
Term
decision making styles
Definition
1) analytical
2) conceptual
3) directive
4) behavioral
Term
analytical decision making style
Definition
1) high tolerance for ambiguity
2) task and technical concerns
Term
conceptual decision making style
Definition
1) high tolerance for ambiguity
2) people and social concerns
Term
directive decision making style
Definition
1) low tolerance for ambiguity
2) task and technical concerns
Term
behavioral decision making style
Definition
1) low tolerance for ambiguity
2) people and social concerns
Term
basic leadership style (Ohio state)
Definition
1) high structure and high consideration
2) balance between getting the job done and maintaining a cohesive and friendly environment
Term
contingency approach
Definition
effective leadership behavior depends on the situation on hand
1) leaders control over situation
2) employee readiness
Term
Fiedler's contingency leadership model
Definition
1) leadership style is seldom changeable
2) fit leader to situation
3) situational control as MF
Term
Hersey and blanchard's situational leadership model
Definition
1) adjustable leadership style based on employee readiness
2) adjust style to situation
3) employee readiness as MF
Term
LPC
Definition
least preferred co-worker
1) task oriented (572) relationship oriented (64>LPC)
Term
components to determine situational control
Definition
1) leadership member relations
2) task structure
3) position power
Term
leadership member relations
Definition
reflects the extent to which the leader has the support of the work group
Term
task structure
Definition
1) extent to which tasks are routine and easily understood
2) the more structured the jobs, the more influence a leader has
Term
position power
Definition
refers to how much a leader has to work assignments
Term
task oriented leadership style
Definition
high or low situational control
Term
relationship oriented leadership style
Definition
moderate situational control
Term
Hersey and blanchard's four leadership styles
Definition
1) telling
2) selling
3) participating
4) delegating
Term
follower readiness
Definition
1)leader directed
R1: unable and not willing
R2: unable but willing
2) leader directed
R3: able but not not willing
R4: able and willing
Term
telling leadership style
Definition
high task and low relationship
1) guiding
2) directing
Term
selling leadership style
Definition
high task and high relationship
1) explaining
2) persuading
Term
participating leadership style
Definition
high relationship and low task
1) encouraging
2) problem solving
Term
delegating leadership style
Definition
low relationship and low task
1) observing
2) monitoring
Term
what resources should be controlled?
Definition
1) financial
2) quality
3) strategy
Term
productivity
Definition
outputs divided by inputs
Term
GDP equals
Definition
=(private consumption)+(gross investment)+(govt spending)+(exports-imports)
Term
how to achieve productivity
Definition
1) use technology
2) redesign work process
3) improve match between employees and jobs
4) encourage employee diversity
5) encourage employee involvement
6) establish base points, set goals, and measure results (control)
Term
controlling is defined as
Definition
monitoring performance, comparing it with goals, and taking corrective action as needed
Term
why is control needed
Definition
1) to deal with complexity
2) to adapt to change and uncertainty
3) to discover irregularities and errors
4) to detect opportunities
5) to reduce costs, increase productivity or add value
Term
steps in the control process
Definition
1) establish standards
2) measure performance
3) compare performance to standards
4) take corrective action, if necessary
Term
four perspectives of balanced scorecard
Definition
1) financial
2) customer
3) internal business process
4) innovation and learning
Term
incremental budgets
Definition
allocates increased or decreased funds to a department by using the last budget period as a reference point
Term
zero based budgeting
Definition
forces each department to start from zero in projecting its funding for the coming budget period
Term
fixed budgets
Definition
resources are allocated on a single estimate of costs
Term
variable budgets
Definition
resources are varied in proportion with various levels of activities
Term
balance sheet
Definition
summarizes an organizations overall financial worth at a specific point in time
Term
income statement
Definition
summarizes an organizations financial results over a specified period of time
Term
types of ratio analysis's
Definition
1) liquidity ratios
2) debt management ratios
3) return ratios
Term
liquidity ratios
Definition
indicate how easily a firms assets can be converted to cash
Term
debt management ratios
Definition
degree to which a firm can meet its long term financial obligations
Term
return ratios
Definition
how effective management is generating a return or profit
Term
external audit
Definition
performed by outside experts
Term
internal audit
Definition
performed by organizations own professional staff
Term
Total quality management
Definition
1) continuous quality improvement
2) training
3) customer satisfaction
Term
Deming management
Definition
1) quality should be aimed at the needs of the customer
2) companies should aim at improving the system, not blaming the workers
3) quality can be improved on the basis of hard data
4)improved quality leads to increased market share, increased company prospects and increased employment
Term
two core principles of TQM
Definition
1) people orientation
2) improved orientation
Term
people orientation
Definition
1) everyone involved in the organization should focus on delivering value to customers
2) empowerment
3) training, teamwork ,cross functional efforts
Term
improved orientation
Definition
1) everyone should work on continuously improving work process
2) quality circle
3) less expensive to do it right the first time
4) small improvement all the time
5) accurate standards
Term
TQM techniques
Definition
1) employee involvement
2) outsourcing
3) ISO 9000 series (1979)
4) statistical process control
5) six sigma and lean six sigma
Term
statistical process control
Definition
1) flowchart
2) pareto analysis
3) cause and effect diagram
4) control chart
5) histogram
6) scatter diagram
7) run chart
Term
six sigma
Definition
1) 99.9997% perfect
2) more efficient than 99% perfect
Term
dashboard measurement
Definition
1) green good
2) yellow ok
3) red bad
Term
motivation is a set of forces that...
Definition
initiate, direct, make
Term
monetary rewards
Definition
wages, incentives, bonuses, commission, piece rate, stock options
Term
nonmonetary rewards
Definition
benefits, social security, insurance, holiday, retirement, workers comp
Term
kouzes and posners 5 traits
Definition
1) honest
2) competent
3) forward looking
4) inspiring
5) intelligent
Term
what are the 3 best influencing techniques
Definition
1) consultation
2) rational
3) inspirational
Term
key transformational behaviors
Definition
1) inspirational motivation
2) idealized influence
3) intellectual stimulation
4) individualized consideration
Term
inspirational motivation
Definition
right vision unleashes human potential
Term
idealized influence
Definition
we are here to do the right thing
Term
intellectual stimulation
Definition
1) views problems as personal challenges
2) personally responsible for overcoming, questioning status quo, and seeking creative solutions
Term
individualized consideration
Definition
1) actively encourage to grow and excel
2) challenging work, more responsibility, empowerment, one-to-one mentoring
Term
strategy maps
Definition
a visual representation of the 4 perspectives of the balanced scorecard that enables managers to communicate their goals so that everyone in the company can understand how their jobs are linked to the overall objectives of the organization
Term
PDCA
Definition
1) plan
2) do
3) check
4) act
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