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MGT 300 Exam 2
Eloise Mintz Fall Semester
73
Management
Undergraduate 2
10/11/2013

Additional Management Flashcards

 


 

Cards

Term
3 levels of goals
Definition
strategic
tactical
operational
Term
strategic goals
Definition
broad statements describing where the organization wants to be in the future
decisions made by top level management
Term
tactical goals
Definition
the results that major divisions and departments within the organization tend to achieve
decisions made my middle-level and lower-level management
Term
operational goals
Definition
describe specific results expected from departments, work groups, and individuals
set by lower-level and non-supervisory employees
Term
criteria for effective goals
Definition
specific and measurable
specified time period
challenging but realistic
linked to rewards
consistent with organization mission and values
Term
4 activities for goal planning
Definition
setting goals
develop an action plan
review the progress
appraise the overall performance
Term
contingency planning
Definition
future responses to be taken in the case of emergencies, setbacks, or unexpected conditions
Term
scenario planning
Definition
looking at current trends and visualizing possibilities
Term
strategic management
Definition
the set of decisions and actions used to formulate and implement strategies
decision making by strategists
non-program
affect the entire organization
Term
decision
Definition
a choice made from the available alternatives
Term
decision making
Definition
the process of identifying problems and opportunities and then resolving them
Term
programmed decision
Definition
made in response to recurring organizational problems
Term
non-programmed decision
Definition
made in response to situations that are unique, poorly defined and largely unstructured, and have important consequences for the organization
Term
4 positions on the decision-making scale
Definition
certainty
risk
uncertainty
ambiguity and conflict
Term
certainty
Definition
all the information the decision maker needs is fully available
Term
risk
Definition
a decision has clear-cut goals and good information is available, but the future outcomes are subject to change
Term
uncertainty
Definition
managers know the goals they want to achieve, but information about alternatives and future events is incomplete
Term
ambiguity and conflict
Definition
goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable
most difficult decision situation
Term
classical decision-making model
Definition
problem is defined
decision maker is rational and uses logic
Term
taller organizations
Definition
more management levels
lower span of control
more red tape
centralized decision making
more mechanistic
less use of teams
lower level of empowerment
Term
flatter organizations
Definition
fewer levels of management
wider span of control
less red tape
decentralized decision making
more flexible
greater use of teams
higher level of empowerment
Term
Fredrick Taylor
Definition
one best way
work specialization
job enlargement
Term
organizational structure
Definition
formal task assigned to individuals and departments
lines of authority
span of manager's control
unity of command principle
Term
types of organizational structures
Definition
functional
divisional
Strategic Business Units
Matrix Structure
Term
functional structure
Definition
a company is organized according to business activity
accounting, marketing, HR
Term
Divisional structure
Definition
company is organized according to organizational processes/outputs
Midwest division
Term
Strategic business units
Definition
company is organized by combining similar divisions
Term
matrix structure
Definition
dual lines of authority
violates the unity of command principle
most complex form of organizational structure
Term
delegation
Definition
when a manager passes on authority or responsibility to its subordinates
Term
organizational development
Definition
a planned, systematic process
seeks to improve the organization's efficiency and effectiveness
Term
3 stages of organizational development
Definition
unfreezing
changing/intervention
refreezing
Term
why do managers make bad decisions?
Definition
being influenced by initial impressions
justifying past decisions
seeing what you want to see
being influenced by problem framing
overconfidence
Term
administrative decision-making model
Definition
descriptive approach
more realistic
bounded rationality
satisficing
Term
political decision-making model
Definition
make decisions supported by others so we can build connections and relationships
coalition building/networking
resembles the real environment
Term
decision making steps
Definition
recognition of decision requirement
diagnosis
develop alternatives
selection of desired alternative
implementation of chosen alternative
evaluation and feedback
circular
Term
decision making styles
Definition
directive
analytic
conceptual
behavioral
Term
line authority
Definition
people in management positions have formal authority to direct and control immediate subordinates
Term
re-engineering
Definition
the radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed
generally leads to horizontal coordination
Term
change agent
Definition
Term
roles in change
Definition
inventor
champion
sponsor
critic
Term
differentiation
Definition
create uniqueness in the minds of the consumer
Term
cost leadership
Definition
keeping the costs as low as possible throughout the entire supply/distribution change
Term
focus strategy
Definition
untapped niche in the market that will yield a profit
needs and wants are currently not being met
Term
Porter's 5 competitive forces
Definition
threat of new entrants
bargaining power of buyers
bargaining power of suppliers
threat of substitute products
intensity of competition
Term
Porter's 3 Competitive Strategies
Definition
differentiation
cost leadership
focus strategy
Term
strategic management
Definition
the set of decisions and actions used to formulate and implement strategies
Term
situational analysis
Definition
assess external environment
assess internal environment
Term
contingency planning
Definition
future responses to be taken in the case of emergencies, seta
Term
scenario planning
Definition
looking at current trends and visualizing possibilities
Term
crisis planning
Definition
responses to unimaginable occurrences
Term
3 levels of goals
Definition
strategic goals
tactical goals
operational goals
Term
strategic goals
Definition
broad statements describing where the organization wants to be in the future
decisions made by top level mgt
Term
tactical goals
Definition
goals for major divisions and departments within the org
decisions made by middle-level and lower-level mgt
Term
operational goals
Definition
describe specific results expected from departments, work groups, and individuals
set by lower-level and non-supervisory employees
Term
strategy map
Definition
level 1 drives level 2, which drives level 3
Term
criteria for effective goals
Definition
specific and measurable
defined time period
challenging but realistic
linked to rewards
consistent with organization mission and values
Term
mission statement
Definition
general statement of values that answers what is the company's business
Term
goal
Definition
a desired future state that the organization attempts to realize
Term
programmed decision
Definition
recurring problems
apply rule
Term
non-programmed decision
Definition

unique situations

poorly defined

unstructured

important consequences

Term
innovative group decision making
Definition
start with brainstorming
engage in rigorous debate
avoid groupthink
know when to bail
act with speed
don't ignore a crisis
Term
organizational chart
Definition
visual representation of an organization's structure
Term
job enlargement
Definition
rotate jobs or add jobs
happens when jobs lead to boredom or reduction in productivity
Term
types of organizational structures
Definition
functional
divisional
SBUs
matrix
Term
staff authority
Definition
right to advise, recommend, and counsel in the staff specialists' area of expertise
communication relationship
narrower
Term
steps for organizational development
Definition
unfreezing
changing
refreezing
Term
unfreezing
Definition
makes people aware of the problem and the need for change
Term
changing
Definition
retrain employees to think or act differently
if you can change attitude, you can change behavior, which results in a change in outcome
Term
refreezing
Definition
reward employees for performing desired change so that it becomes permanent
Term
why resist OD changes?
Definition
fear of the unknown
consistency
inconsistent goals/values
lack of understanding and trust
Term
approaches for improving compliance and reducing resistance
Definition
force change
educative
self-interest
Term
skunkworks
Definition
separate small, highly autonomous, secretive group that focuses on breakthrough ideas for the business
Term
force field analysis
Definition
technique for determining which forces drive a proposed change and which forces restrain it
use to change from traditional to JIT inventory system
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