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MGT305 Final
MGT 305
127
Management
Undergraduate 3
12/15/2010

Additional Management Flashcards

 


 

Cards

Term
Control
Definition
Monitoring, comparing, and correcting work performance
Term
Why is control important?
Definition
  • Helps managers know whether organizational goals are being met, and if not, why.
  • provides information and feedback on employee performance and minimizes the chance of potential problems protects the organization and its assets
Term
Control system: Market control
Definition
emphazises the use of external market mechanisms to establish the standards used in the control system; external measures are price competition and relative market share
Term
Control system: Bureaucratic control
Definition
emphasizes organization authority and relies on rules, regulation, procedures, and policies
Term
Control system: Clan control
Definition
regulates behavior by shared values, norms, traditions, rituals, and beliefs of the firm's culture
Term
What are the three control systems?
Definition
Market, bureaucratic, and clan control
Term
Planning-controlling link
Definition
controlling provides the link back to planning if managers didn't control, they'd have no way of knowing whether goals were being met
Term
What are the three steps of the control process?
Definition
  • Measuring: deciding how to measure performance and what to measure
  • Comparing: looking at the variation between performance and the standard/goal
  • Taking action: doing nothing, correcting performance, or revising the standards
Term
Control process - Measuring: Why is what is measured more critical than how it's measured?
Definition
selecting the wrong criteria can create serious problems, and what is measured often determines what employees will do
Term
Organizational performance
Definition
the accumulated results of an organization's work activities
Term
Describe the most frequently used MEASURES of organizational performance
Definition
  • Productivity: output of goods or services produced devided by the inputs needed to generate that output
  • Effectiveness: a measure of the appropriateness of organizational goals and how well those goals are being met
  • Industry and company rankings: compiled by various business publications
Term
TOOLS used to measure organization performance
Definition
  • financial controls
  • information controls
Term
Feedforward controls
Definition
take place before a work activity is done
Term
Concurrent controls
Definition
take place while a work activity is being done
Term
Feedback controls
Definition
take place after a work activity is being done
Term
Explain types of financial controls
Definition
  • financial rations (liquidity, leaverage, activity, profitability)
  • budgets
Term
Explain the types of information controls
Definition
  • Management information system: provides managers with needed info on a regular basis
  • comprehensive and secure controls: data encryption, system firewalls, data backups, etc. to protect an organization's information
Term
Balanced scorecards
Definition
provide a way to evaluate an organization's performance in four different areas rather than just from a financial perspective
Term
Benchmarking
Definition
provides control by finding best practices among compeptitors or noncompetitors and from inside the organization itself
Term
Define and explain the workplace concerns of workplace privacy
Definition
monitoring employees' computer usage, phone calls, email, etc., tracking company cars, phones and so forth, to monitor productivity
Term
Define and explain the workplace concerns of employee theft
Definition
  • any unauthorized taking of company items by employees for personal use
  • Feedforward: careful prehiring screening, establish specific policies and discipline procedures, educate and train employees about policies, have a professional review, internal security controls
  • Concurrent: treat employees with respect and dignity, openly communicate costs of stealing, let employees know about successes preventing fraud/theft, use video surveillance, set a good example
  • Feedback: make sure employees know when theft or fraud has occurred, and let them know it is not acceptable, redisign control measures, evaluate organization's culture and relationships between managers and employees
Term
Define and explain the workplace concerns of workplace violence
Definition
  • Acts of violence against fellow employees or managers
  • Feedforward: ensure management commitment, provide employee assistance, enforce organizational policy, use careful screening, never ignore threats, clearly communicate policies to employees
  • Concurrent: observe how employees treat and interact with each other, be a good role model, intervene quickly and decisively, get expert professional assistance
  • Feedback: communicate openly, investigate incidences, take appropriate action, review company policies and change if necessary
Term
Corporate governance
Definition
the system used to govern a corporation so that the interests of corporate owners are protected
Term
Sarbanes-Oxley Act
Definition
put greater demands on board members of public traded companies in the US to do what they were empowered and expected to do
Term
How managers may have to adjust controls for cross-cultural differences
Definition
adjusting controls for cross-cultural differences may be neccessary primarily in the areas of measuring and taking corrective actions
Term
Types of workplace concerns
Definition
workplace privacy, employee theft, workplace violence
Term
How to address workplace concerns
Definition
Managers need to have policies in place to control inappropriate actions and ensure that work is getting done efficiently and effectively
Term
Why is control important to customer interactions?
Definition
  • Employee service productivity and service quality influence customer perceptions of service value
  • Organizations want long-term and mutually beneficial relationships among their employees and cultures
Term
Operations managagement
Definition
the transformation process that converts resources into finished goods and services
Term
Value chain management
Definition
the process of managing the sequence of activities and information along the entire series of organizational work activities that add value at each step from raw materials to finished product
Term
Demings PDCA cycle: know at least four of 14 points
Definition
  • Can improve the management process overall
  • Institute training on the job, institute leadership, drive out fear, break down barriers between departments, eliminate slogans exhortations and targets for the work force, eliminate quotas/work standards, remove barriers to pride of workmanship, institute a vigorous program of education and self-improvement, everyone must undergo transformation continuously and indefinitely, create constancy of purpose toward improvement, adopt the new philosophy, cease dependence on inspection to achieve quality, end the practice of awarding business based on price tag, improve constantly and forever the system of production and service
Term
Six Sigma
Definition
quality standard that establishes a goal of no more than 3.4 defects per million units or procedures
Term
Employee engagement
Definition
employees being connected to, satisfied with, and enthusiastic about their jobs
Term
Personality
Definition
the unique combo of emotional, thought, and behavioral patterns that affect how a person reacts to situations and interacts with others; determined by measurable traits that a person exhibits
Term
Myers-Briggs Type Indicator
Definition
personality assessment consisting of more than 100 questions that ask people how they usually act or feel in different situations
Term
Type
Definition
extroverted or introverted, sensing or intuitive
Term
Temperament
Definition
feeling or thinking, perceptive of judgmental
Term
Big 5 personality model
Definition
personality traid model that examines extraversion, agreeableness, conscientiousness, emotional stability, and openness to experience
Term
explain how personality attributes can be used in business
Definition
personality attributes can be used in business because it is important for managers to know the way they influence the way people interact and solve problems
Term
Emotions
Definition
intense feelings that are directed at someone or something
Term
Moods
Definition
feelings at particular moment in time, quickly passing
Term
Emotional intelligence
Definition
  • The ability to notice and to manage emotional cues and information
  • In favor: shown to be positively related to job performance at all levels
  • Against: is vague, can't be measured, and has questionable validity
Term
How can you apply emotions and mood to organization behavior?
Definition
Personality tests are used when recruiting and hiring for companies matching jobs to personalities
Term
Locus of control
Definition
  • Internal: people believe they control their own fate
  • External: people believe they are pawns, and what happens to them in their lives is due to luck or chance
Term
Discuss the impact of emotion on the workforce
Definition
  • People respond differently to identical emotion-provoking stimuli
  • Jobs make different demands in terms of what types and how much emotion needs to be displayed
Term
Apply the concepts of emotions and moods to Organizational Behavior issues
Definition
Emotions and moods can affect the individual and group behavior in an organization, and the goals of OB can be used to explain, predict, and influence this behavior
Term
Model of communication from the book
Definition
  • Sender -> message -> medium -> receiver -> message
  • Noise in all directions
Term
In class model of communication
Definition
  • Sender [idea/perception] -> encode -> medium -> decode -> receiver [understanding/perception] -> feedback
  • Noise in all directions
Term
Rich media
Definition
provides simultaneous multiple information cues, facilitates immediate feedback, have personal focus
Term
Lean media
Definition
Convey limited information (few cues), provide no immediate feedback, are impersonal
Term
Barriers to effective communications
Definition
filtering, emotions, information overload, defensiveness, language, national culture
Term
Grapevine
Definition
the informal organizational communication network, acts as both a filter and feedback mechanism, pinpoints issues employees feel are important
Term
Group
Definition
two or more interacting and interdependent individuals who come together to achieve specific goals, formal and informal
Term
Formal groups
Definition
work groups defined by an organization's structure and have designated work assignments and specific tasks directed at acccomplishing organizational goals
Term
Informal groups
Definition
social groups, occur naturally in workplace and tend to form around friendships and common interests
Term
Team
Definition
shared leadership roles, indiv. and mutual accountability, specific team purpose, collective work products, meetings with open ended discussion and active problem solving, performance measured directly on collective work products, and the ability to discuss, decide, and do real work
Term
Stages of group development
Definition
  • Forming: joining the group and defining the groups purpose, structure, and leadership
  • Storming: intragroup conflict over who will control the group and what the group will be doing
  • Norming: close relationships and cohesiveness develop as norms are determined
  • Performing: group members begin to work on group's task
  • Adjourning: group prepares to disband
Term
What are the major components that determine group performance and satisfaction?
Definition
  • External conditions: availability of resources and organizational goals
  • Group member resources: resources affect what members can do and how effectively they perform in a group
  • Group structure: defines roles, norms, conformity, status systems, group size, group cohesiveness, and leadership
  • Group processes: communication, decision making, conflict management
  • Group tasks: tasks a group is doing modify the impact that group process have on group performance and member satisfaction
Term
Roles
Definition
getting group work done or keeping group members happy
Term
Norms
Definition
powerful influences on a persons performance and dictate factors such as work output levels, absenteeism, and promptness
Term
Conformity
Definition
can influence a person's judgment and attitudes, groupthink can be an issue in extremes
Term
status systems
Definition
significant motivator with individual behavioral consequences, especially if there is incongruence in status
Term
group size
Definition
size of the group that is most effective and efficient depends on the task the group is supposed to accomplish
Term
group cohesiveness
Definition
can affect a group's productivity positively or negatively
Term
positives and negatives of group norms
Definition
  • P: group members are held to standards by their peers
  • N: being part of a group can increase an individual's antisocial actions
Term
Groupthink
Definition
phenomenon in which a group exerts extensive pressure on an individual to align his or her opinion with others' opinions
Term
Social loafing
Definition
tendency for individuals to expend less effort when working collectively than when working individually
Term
Relationships between group cohesiveness and productivity
Definition
  • if goals are desirable a cohesive group is more productive than a less cohesive group
  • if cohesiveness is high and attitudes are unfavorable, productivity decreases
  • if cohesiveness is low but goals are supported, productivity increases
  • if cohesiveness is low and goals are no supported, productivity is not greatly affected
Term
Conflict management
Definition
when group conflict levels are too high, managers must choose conflict management option that best suits situation and group
Term
Advantages and disadvantages of group decision making
Definition
  • A: individual is faster and more effecient, groups have greater accuracy, more creativity and more acceptance
  • D: individual has less input and individual stance, groups have more time
Term
Characteristics of effective teams
Definition
clear goals, relative skills, mutual trust, unified commitment, good communication, negotiating skills, appropriate leadership, internal and external support
Term
Six ways to build trust in a team
Definition
communication, support, respect, fairness, predictability, competence
Term
current challenges in managing teams
Definition
  • Managing global teams: resources, structure, processes, manager's role in making it all work
  • Understanding social networks: a group's informal social relationships can help or hinder its effectiveness
Term
Strategic management
Definition
what managers do to develop and organization's strategies, or their plans for how an dorganization will do what it is in business to do, how it will compete successfully, and how it will attract and satisfy its customers in order to achieve its goals
Term
Strategic management process
Definition
  • identify the organzation's current mission, goals, and strategies
  • External analysis: opportunities, threats; internal analysis: strengths and weaknesses
  • Formulate strategies
  • Implement strategies
  • Evaluate results
Term
Competitive advantage
Definition
factor that sets an organization apart; its distinctive edge
Term
Five Forces Model
Definition
  • threat of new entrants
  • threat of new substitutes
  • bargaining power of buyers
  • bargaining power of suppliers
  • current rivalry
Term
Formal planning
Definition
specific goals covering a specific time period are defined, goals are written and shared with organization members to reduce ambiguity and create a common understanding about what needs to be done
Term
Informal planning
Definition
very little, if anything, is written down, goals are general and may not have a time limit
Term
purposes of planning
Definition
  • provides direction to managers and non managers
  • reduces uncertainty by forcing managers to look ahead
  • minimizes waste and redundancy
  • establishes the goals or standards used in controlling
Term
Four organizational responses to uncertainty
Definition
  • Defenders: protect organization
  • prospectors: search for opportunity
  • Analyzers: quantify situation
  • Reactors: react immediately
Term
Good objectives in planning
Definition
  • written in terms of outcomes
  • measurable and quantifiable
  •  clear as to time frame
  • challenging but attainable
  • written down
  • communicated to all organization members who need to know them
Term
Role of objectives in planning
Definition
determine the goals of a plan, and plans determine the timeframe in which an objective will be achieved
Term
Porter's Model of Generic Competitive Strategies
Definition
  • Lower cost + broad target: cost leadership
  • Lower cost + narrow target: cost focus
  • Differentiation + broad target: differentiation
  • Differentiation + narrow target: focused differentiation
Term
Goals
Definition
desired outcomes or targets
Term
Plans
Definition
documents that outline how goals are going to be met
Term
Strategic plans
Definition
plans that apply to an entire organization and establish the organization's overall goals
Term
Intermediate plans
Definition
plans that apply to units of an organzation and apply to the entire organzation
Term
Operational plans
Definition
plans that encompass a particular operational area of an organzation
Term
planning horizon
Definition
time elapsed between the formulation of a plan and the execution
Term
ABC priority system
Definition
A: high priority B: mid priority C: low priority
Term
Pareto analysis
Definition
statistical technique using principle that a large majority of problems are produced by a few key causes/ that by doing a small percentage of the work, a large portion of the advantage of doing the entire job can be generated
Term
Parts of the planning cycle
Definition

1: Formulate plans

2: carry out plans

3: compare preliminary and final results with plans

4: take corrective action (improve future plans: back to 1; correct deviation in plans being carried out: back to 2)

Term
Maslow's hierarchy of needs
Definition
  • theory that there is a hierarchy of five human needs: physiological, safety, social, esteem, and self-actualization
  •  Individuals move up the hierarchy as needs are substantially satisfied, a need that's satisfied no longer motivates
Term
ERG theory
Definition
  • Three needs:
  • Existence - material and physiological
  • Relatedness - relationships
  • Growth - fully use and develop new capacities
Term
How theory X and theory Y managers approach motivation
Definition
  • X: negative view of employees, use negative reinforcement
  • Y: positive view of employees, use positive reinforcement
Term
Herzberg's motivation-hygiene theory
Definition
proposes that intrinsic factors are related to job satisfaction and motivation, whereas extrinsic facrtors are associated with job dissatisfaction
Term
Herzberg's view of satisfaction and disastisfaction
Definition
  • Opposite of satisfaction is no satisfaction
  • opposite of dissatisfaction is no dissastisfaction
Term
McClelland's three needs in the workplace
Definition
need for achievement, power, and affiliation
Term
How goal setting theory explains employee motivation
Definition
intention to work toward a goal is a major source of job motivation
Term
SMART goals
Definition
  • Specific
  • Measurable
  • Achievable
  • Results-based
  • Time specific
Term
Motivation implications of equity theory
Definition
  • focuses on how employees comparte their inputs to outputs ratios to relevant others' ratios
  • perception of inequity will cause an employee to do something about it
Term
Extrinsic rewards
Definition
External payoffs granted to the individual by others
Term
Intrinsic rewards
Definition
self-granted and internally experienced payoffs
Term
Three key variable in expectancy theory and their role in motivation
Definition
  • expectancy: individuals act in a certain way based on expecation that the act will be followed by a desired outcome
  • Instrumentality: performance-reward linkage
  • Valence: Attractiveness of the reward
Term
Cross-cultural challenges of motivation
Definition
most motivational theories were developed in the US and have a north american bias, therefore some theories don't work with other cultures however, desire for interesting work seems important to all workers
Term
Challenges managers face in motivating unique groups of workers
Definition
  • diverse workforce is looking for flexibility
  • professionals want job challenge and support,
  • motivated by work itself
  • contingent workers want opportunity to become permanent, or skills training
Term
Open-book management
Definition
financial statements are shared with employees who have been taught what they mean
Term
Employee recognition
Definition
personal attention, approval, and appreciation for a job well done
Term
Pay-for-performance
Definition
variable compensation plans that pay employees on the basis of some performance measure
Term
Stock option programs
Definition
financial instruments that give employees the right to purchase shares of stock at a set price
Term
Leader
Definition
person who can influence others and who has managerial authority
Term
Leadership
Definition
process of influencing a group to achieve goals
Term
Six leadership traits
Definition
drive, desire to lead, honesty and integrity, self confidence, intelligence, job relevant knowledge, extraversion
Term
Contrast the findings of the four behavioral leadership theories
Definition
  • University of Iowa: only conclusion was that group members were more stisfied under a democratic leader than autocratic one
  • Ohio State: two diminesions of leader behavior identified (initiating structure and consideration), leader high in both dimensions at times achieved high group task performance and satisfact, but not always
  • University of Michigan: leaders who are employee-oriented could get high group productivity and high member satisfaction
  • Managerial grid: suggested that a leader who was high in concern for production and people was best, but there was no substantive evidence
Term
Managerial Grid's 5 leadership behaviors
Definition
  • Impoverished management: minimal exertion of effort to get required work done
  • Task management: effieciency in operations resulting from minimal interference of human elements
  • Middle-of-the-road managemtn: adequate performance is possible through balancing necessity to get out work with maintaining satisfactory morale
  • Country club management: throughful attention to needs of people for satifying relationships leads to comfortable and friendly organzation atmosphere
  • Team management: commited people accomplish work, interdependence leads to trust and respect
Term
Fiedler's theory of leadership
Definition
attempted to define best style to use in particular situations, measured three contingency dimension: leader-member relations, task structure, and postition power
Term
Situational leadership theory
Definition
leadership contingency theory that focuses on followers' readiness
Term
Leader-Member exchange theory
Definition
focuses on the interactions between leaders and followers
Term
Path-Goal theory
Definition
leadership theory that says the leader's job is to assist followers in attaining their goals and to provide direction or support needed to ensure that their goals are compatible with the goals of the group or organzation
Term
Transactional leaders
Definition
exchanges rewards for productivity
Term
Transformational leaders
Definition
stimulates and inspires followers to achieve goals
Term
Charismatic leadership
Definition
enthusiastic, self confident leader whose personality and actions influence people to behave in certain ways, can be learned
Term
Visionary leadership
Definition
able to create and articulate a realistic, credible, and attractive vision of the future
Term
Team leadership
Definition
  • manage the team's external boundary and facilitate the team process
  • Liaison with external constituencies, troubleshooter, conflict manager, coach
Term
Five sources of a leader's power
Definition
legitimate, coercive, reward, expert, and referent powers
Term
Issues today's leaders face
Definition
empowering employees, cross-cultural, and gender differences
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