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MO 300 Final
Final
66
Management
4th Grade
04/21/2009

Additional Management Flashcards

 


 

Cards

Term
The Wisdom of Crowds
Definition
“H.L. Mencken was wrong. … Large groups of people are smarter than an elite few, no matter how brilliant—better at solving problems, fostering innovation, coming to wise decisions, even predicting the future” (J. Surowiecki)
Term
Conditions for collective intelligence
Definition
1. Diversity of opinion - Brings Different Info

2. Member Independence- So People won't be swayed

3. Decentralization - so errors balance out

4. Methods for aggregating opinions - so all opinions are included
Term
Hill's framework for analyzing work groups
Definition
1. Context

2. Design Factors: Group Composition, Task Design, Formal Organization

3. Group Culture

4. Outcomes
Term
1. Types of Groups
Definition
Instinctive

- Rooted in instinct

- Outside awareness

- Organic unity

Example: Humankind
Term
2. Types of Groups
Definition
Cultural
- Rooted in culture

- Life principle and mind principle

- Evolutionary advance

Example: Americans
Term
3. Types of Groups
Definition
Nominal

- Rooted in mind

- Divorced from biology

- Mechanical sum

Example: Redheads

Least vitality
Term
Decision-making synergy
Definition
-Richer diversity of ideas and knowledge

-Structure for aggregating expertise

-Stimulation of creativity

-Opportunities to avoid hierarchical or linear thinking
Term
Potential for Synergy if:
Definition
-Diversity of opinions and expertise

-Independence of members

-Decentralization

-Method or process of aggregation
Term
Design Factors- Group Composition
Definition
-Demographics

-Personality

-Competences

-Interests

-Working Styles

-Values
Term
Design Factors: Task Design
Definition
-Required Activities

-Required Interactions

-Inter dependencies

-Variety and scope

-Significance

-Autonomy
Term
Design Factors: Formal Organization
Definition
-Structure

-Systems

-Staffing
Term
Group Culture
Definition
-Emergent Activities

-Emergent Interactions

-Shared Values

-Norms
-Roles and Status
-Subgroups
-Rituals, Myths, and Shared Language
-Shared Conventions
Term
Diversity
Definition
The degree to which a work group or organizations is heterogeneous with respect to personal and functional attributes

or

The presences of differences among members of a social unit
Term
Surface Level Diversity
Definition
-Generally immutable

-Almost immediately observable

-Measured in simple and valid ways

-Examples: race/ethnicity, sex, age
Term
Deep-level
Definition
-Subject to more construal

-More mutable

-Examples: attitudes, knowledge, values, skills
Term
Relationship Conflict
Definition
because of a focus on interpersonal issues, largely detracts from group performance because of misspent time and effort
Term
Task Conflicts
Definition
benefit performances through improved considerations for different alternatives and group problem solving
Term
Diversity Biases
Definition
-Likely to be persuaded by those similar to us

-Confirmation bias

-Homophily

-Stereotypes
Term
Faultlines
Definition
Subgroups or coalitions that emerge naturally within teams and rarely collaborate with each other

i. Failure of collaboration caused by lack of trust and goodwill

ii. Failure of knowledge sharing
Term
Self-Limiting Behavior occurs when-
Definition
-Presence of someone with expertise

-Presentation of compelling argument

-Lacking confidence in one's ability to contribute

-An unimportant or meaningless decision

-Pressure from others to confirm to teams decision

-Dysfunctional decision making climate
Term
How to guard against self-limiting behavior
Definition
-Pay attention to group composition and size

-Reduce power and status difference

-Frame the decision task appropriately

-Set clear, consistent, challenging, and specific goals

-Set group process norms (e.g. during meetings)

-Monitor decision process

-Provide honest feedback
Term
Groupthink
Definition
Norm for consensus overrides realistic appraisal of alternative course of action
Term
Groupthink Symptoms
Definition
-Interpersonal Pressure
-Self-censorship
-Apparent unanimity
-Illusion of invulnerability
-Biased perception of outgroup
-Defective decision making strategies
Term
Groupthink Causes
Definition
-Cohesiveness
-Isolation
-Leadership
-Decisional stress
Term
Pluralistic Ignorance
Definition
-When nearly all group members have private concerns about a situation/decision but each believe that the others do not share their views
Term
Baseball-type
Definition
-Members have fixed positions that they rarely leave
-Members play on a team but not necessarily as a team
Term
Football Team
Definition
Members have fixed positions and play as a team
Term
Tennis-doubles team
Definition
-Members have a primary role, rather than a fixed position
-"Only the team performs, while the members contribute"
Term
Managing Paradox (Hill)
Definition
-Embrace individuals differences and collective identity and goal
-Foster support and confrontation among team members
-Focus on performance and learning/development
-Balance managerial authority and team member discretion authority, autonomy
-Attend to triangle of relationships (manager, individual, team)
Term
Artifacts
Definition
-Visible production of the group (environment, language, creations, etc.)
-Visible behavior, processes of group
-Easy to observe; difficult to decipher
Term
Espoused Values
Definition
-Sense to what ought to be, rather than what is
-To be cultural, group perspective matters
-Strategies, goals, philosophies
Term
Basic underlying assumptions
Definition
-Unconscious, taken for granted beliefs, perceptions, thoughts and feelings
-Little variations observed in group
-Actually guides behavior
-Very difficult to change
Term
Formal Organizational Design
Definition
Division of labor: how tasks are defined
Coordination: how tasks are integrated
Decisions Rights: who makes decisions
Boundaries: what we "make" vs. what we "buy"
Term
Informal Organizational Design
Definition
Informal structure: influences information flow
Political structure and power: coalitions, agendas
Term
Functional Advantages
Definition
-Efficient use of resources
-Economies of scale
-In-depth skill development
-Career progress based on functional expertise
-Central decision and directions
-Excellent coordination within functions
Term
Functional Disadvantages
Definition
-Poor coordination across functions
-Difficult to respond to environmental changes
-Decisions pile on top
-Slow response, little innovation
-Responsibility for performance difficult to pinpoint
Term
When to Use Functional Structure
Definition
-Stable, Certain Environment
-Small to medium
-Routine technology, interdependence with functions
-Goal of efficiency, technical quality
Term
Advantages of Divisional Structure
Definition
-Fast change in unstable environment
-Product/customer focus
-High coordination between functions
-Develops general managers
Term
Disadvantages of Divisional Structure
Definition
-Duplication of Resources
-Less technical specialization and expertise
-Poor coordination across product lines
-Less top management control
Term
When to use Divisional
Definition
-Unstable, uncertain environment
-Large size organization
-Technological interdependencies between functions
-Goals of product specialization, innovation
Term
Hybrid Structure Advantages
Definition
-Provides coordination within and between product divisions
-Helps organization attain adaptability in some departments and efficiency in others
Term
Disadvantages of Hybrid
Definition
-Conflict between corporation and divisions
-Administrative overhead
Term
When to use Hybrid
Definition
-Unstable environment
-Large Size
-Technological inter dependencies with both functions and product lines
-Goals of product specialization and adaptation, plus efficiency in some functions
Term
Matrix Structure Advantages
Definition
-Can manage dual demands from environment
-Flexible, efficient use of scarce resources
-Adaptation and innovation
-Development of functional and general management skills
Term
Matrix Structure Disadvantages
Definition
-Dual authority causes frustration and confusion
-High conflict
-Time consuming
-Special training required
-Difficult to maintain power balance
Term
When to use Matrix Structure
Definition
-Very uncertain, shifting environment
-Medium to large size
-Non-routine technology, high interdependence
-Dual goals of product and functional specialization
Term
Network Structure Advantages
Definition
-Highly flexible
-Customer focus
-Decisions taken at operating level
-Less formal hierarchy
-Fast response to change
Term
Network structure disadvantages
Definition
-Can be difficult to share knowledge across teams
-Eliminate formal expertise
-Lack of control from center
-Duplicated resources
-Diffused accountability
Term
When to use Network Structure
Definition
-Highly unstable environment
-Flexibility is key
-Highly individualized service/product
-Professional service organizations
Term
Interpersonal Roles of a leader
Definition
Figurehead, leader, liason
Term
Informational Roles of Leader
Definition
Monitor, Disseminator, Spokesperson
Term
Decisional Roles of Leader
Definition
Entrepreneur, Disturbance Handler, Resource Allocator, Negotiator
Term
Level 5 Leadership
Definition
“The most powerfully transformative executives possess a paradoxical mixture of personal humility and professional will. They are timid and ferocious. Shy and fearless. They are rare and unstoppable.” -Collins
Term
Reasons for Resistance to change
Definition
Inertia: The desire and tendency to maintain the status quo
Individual-
-Parochial self-interest
-Misunderstanding & lack of trust
-Different Assessment
-Low tolerance for change
Term
Forms of Resistance
Definition
Term
Education and Communication
Definition
-Ideal when resistance is due to inadequate information
-Requires good relationship between initiators/resistors, or resistors may doubt validity of information
-Requires time and effort investment
Term
Participation and Involvement
Definition
-Ideal when change initiators need the wholehearted commitment of others, not merely compliance
-Can be overly time consuming
Term
Negotiation and Agreement
Definition
-Ideal when it’s clear someone will “lose out” as a result of the change, yet his or her power to resist is significant
-Can be expensive
-Can create culture of bribery/blackmail
Term
Manipulation & Co-option
Definition
-Can be “a relatively inexpensive and easy way to gain an individual’s or a group’s support” (cheaper than negotiation)
-If people feel they are being tricked, backlash is likely to ensue (e.g., major resistance, anger toward manager, etc.)
Term
Coercion
Definition
-May be the “only option” if speed is essential and changes may not be popular
-Risky choice, since people tend to strongly resist forced change
Term
Assumptions when making change
Definition
Change is planned, structured, and implemented from the top down
Speed and cooperation are mutually exclusive
Term
Corporate Global Citizenship Pros
Definition
Impact on employees: “By personally engaging in citizenship activities…employees acquire the ability to work more effectively in diverse organizations, classes, and cultures.”
Impact on organizations: An organization’s “image to governments, stockholders, and consumers is likely to be greatly enhanced.”
Impact on markets/customers: CGC helps preserve markets/customer bases that are threatened by disease and poverty.
Term
Corporate Global Citizenship Cons
Definition
Responsibility to employees and shareholders: Executives are responsible to the employees and shareholders, and for fulfilling the goal of the organization (profit or service).
Potential conflict of interest: Conflict may arise between “social responsibilities” and responsibility to employees/shareholders.
Questionable “Democratic-ness:” Social responsibility (on the part of organizations) is undemocratic.
Term
Fiction Theory
Definition
Unlike a real person, a corporation has neither a body nor a soul to experience the pain of punishment. And therefore, as merely a "fictional person," corporation was by its very nature an unsuitable subject for punishment or excommunication
Term
Natural Entity Theory
Definition
-Corporation was a "natural" or "real" entity
-For legal purposes, the corporation had been declared a citizen (contrary to Justice Marshall's earlier insistence that this was not the case
Term
Institutional View of the corporation
Definition
-Moved into the mainstream and became the dominant framework for legal thinking
-Corporation had responsibilities not just to stockholders but to other parties as well- a position that would seem to imply a moral personality for the corporation
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