Shared Flashcard Set

Details

CLM Fundamentals of Management (Robbin Book) General Terms
Management Terms and Concepts
435
Business
Graduate
11/12/2013

Additional Business Flashcards

 


 

Cards

Term
Three characteristics of an organization
Definition
1) Purpose, 2) People, and 3) Deliberate and systematic structure
Term
Organization
Definition
A systematic arrangement of people brought together to accomplish some specific purpose
Term
Nonmanagerial Employees
Definition
People who work directly on a job or task and have no responsibility for overseeing the work of others
Term
Managers
Definition
Individuals in the organization who direct the activities of others
Term
Top Managers
Definition
Individuals who are responsible for making decisions about the direction of the organization and establishing policies that affect all organizational members
Term
Middle Managers
Definition
Individuals who are typically responsible for translating goals set by top managers into specific details that lower-level managers will see get done
Term
Management
Definition
The process of getting things done, effectively and efficiently, with and through other people
Term
First-line Managers
Definition
Supervisors responsible for directing the day-to-day activities of Nonmanagerial employees
Term
Efficiency
Definition
Doing things right, or getting the most output from the least amount of inputs
Term
Effectiveness
Definition
Doing the right things, or completing activities so that organizational goals are attained
Term
Scientific Management
Definition
The use of scientific methods to define the "one best way" for a job to be done
Term
Four Management Functions
Definition
1) Planning, 2) Organizing, 3) leading, and 4) Controlling
Term
Planning
Definition
Includes defining goals, establishing strategy, and developing plans to coordinate activities
Term
Organizing
Definition
Includes determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and who will make decisions
Term
Leading
Definition
Includes motivating employees, directing the activities of others, selecting the most effective communication channel, and resolving conflicts
Term
Controlling
Definition
Includes monitoring performance, comparing it with goals, and correcting any significant deviations
Term
Managerial Roles
Definition
Specific categories of managerial behavior; often grouped around interpersonal relationships, information transfer, and decision making
Term
Mintzberg's Refined Two Roles for Managers
Definition
1) Framing, and 2) Scheduling
Term
Interpersonal Roles
Definition
Involving people (subordinates and people outside of the organization) and other duties that are ceremonial or symbolic in nature
Term
Informational Roles
Definition
Involving collecting, receiving, and disseminating information
Term
Decisional Roles
Definition
Entailing making decisions or choices
Term
Conceptual Skills
Definition
A manager's ability to analyze and diagnose complex situations
Term
Interpersonal Skills
Definition
A manager's ability to work with, understand, mentor, and motivate others, both individually and in groups
Term
Technical Skills
Definition
Job-specific knowledge and techniques needed to perform work tasks
Term
Political Skills
Definition
A manager's ability to build a power base and establish the right connections
Term
Nine Managerial Competencies
Definition
1) Traditional functions, 2) Task orientation, 3) Personal orientation, 4) Dependability, 5) Open-mindedness, 6) Emotional control, 7) Communication, 8) Developing self and others, and 9) Occupational acumen and concerns
Term
Employee Engagement
Definition
When employees are connected to, satisfied with, and enthusiastic about their jobs
Term
External Environment Factors
Definition
1) Economic, 2) Global, 3) Political / Legal, 4) Sociocultural, 5) Technological, and 6) Demographics
Term
External Environment
Definition
Factors, forces, situations, and events outside the organization that affect its performance
Term
Omnipotent view of management
Definition
The view that managers are directly responsible for an organization's success or failure
Term
Symbolic View of Management
Definition
The view that much of an organization's success or failure is due to external forces outside of the managers' control
Term
Demographics
Definition
The characteristics of a population used for purposes of social studies
Term
Technology
Definition
Any equipment, tools, or operating methods that are designed to make work more efficient
Term
Environmental Uncertainty
Definition
The degree of change and complexity in an organization's environment
Term
Environmental Complexity
Definition
The number of components in an organization's environment and the extent of knowledge that the organization has about those components
Term
Stakeholders
Definition
Any constituency in an organization's environment that are affected by that organization's decisions and actions
Term
Organizational Culture
Definition
the shared values, principles, traditions, and ways of doing things that influence the way organizational members act
Term
Seven dimensions to corporate culture
Definition
1) Attention to detail, 2) Outcome orientation, 3) People orientation, 4) Team orientation, 5) Aggressiveness, 6) Stability, and 7) Innovation and risk taking
Term
Organizational Stories
Definition
Contain a narrative of significant events or people including such things as the organization's founders, rule breaking, reactions to past mistakes, and so forth
Term
Corporate Rituals
Definition
Repetitive sequences of activities that express and reinforce the important values and goals of the organization
Term
Strong Cultures
Definition
Cultures in which the key values are deeply held and widely shared
Term
Global Strategic Alliance
Definition
A partnership between an organization and a foreign company partners or partners in which both share resources and knowledge in developing new products or building production facilities
Term
Steps to going Global
Definition
1) Global Sourcing, 2) Exporting and Importing, and 3) Licensing or franchising
Term
Global Sourcing
Definition
Purchasing materials or labor from around the world, wherever it is cheapest
Term
Exporting
Definition
Making products domestically and selling them abroad
Term
Importing
Definition
Acquiring products made abroad and selling them domestically
Term
Licensing
Definition
An agreement in which an organization gives another the right, for a fee, to make or sell its products, using its technology or product specifications
Term
Franchising
Definition
An agreement in which an organization gives another the right, for a fees, to use its name and operating methods
Term
Join Venture
Definition
A specific type of strategic alliance in which the partners agree to form a separate, independent organization for some business purpose
Term
Foreign Subsidiary
Definition
A direct investment in a foreign country that involves setting up a separate and independent facility or office
Term
Parochialism
Definition
A narrow focus in which managers see things only through their won eyes and from their own perspective
Term
Power Distance
Definition
The degree to which people in a country accept that power in institutions and organizations is distributed unequally
Term
Individualism versus Collectivism
Definition
Individualism is the degree to which people in a country prefer to act as individuals rather than as members of a group. Collectivism is the equivalent of low individualism
Term
Quality of Life versus quantity of life
Definition
Quantity of life is the degree to which values such as assertiveness, the acquisition of money and material goods, and competition are important. Quality of life is the degree to which people value relationships and show sensitivity and concern for the welfare of others
Term
Uncertainty Avoidance
Definition
This dimension assesses the degree to which people in a country prefer structured over unstructured situations and whether people are willing to take risks
Term
Long-term versus Short-term orientation
Definition
People in cultures with long-term orientation look to the future and value thrift and persistence. A short-term orientation values the past and present and emphasizes respect for tradition and fulfilling social obligations
Term
Social responsibility (Corporate Social Responsibility, or CSR)
Definition
A business firm's intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society.
Term
Social Obligation
Definition
When a business firm engages in social actions because of its obligation to meet certain economic and legal responsibilities
Term
Social Responsiveness
Definition
When a business firm engages in social actions in response to some popular social need
Term
Sustainability
Definition
A company's ability to achieve its business goals and increase long-term shareholder value by integrating economic, environmental, and social opportunities into its business strategies
Term
Ethics
Definition
A set of rules or principles that defines right and wrong conduct
Term
Utilitarian view of ethics
Definition
View that says ethical decisions are made solely on the basis of their outcomes or consequences
Term
Rights view of Ethics
Definition
View that says ethical decisions are made in order to respect and protect individuals liberties and privileges
Term
Theory of Justice View of Ethics
Definition
View that says ethical decisions are made in order to enforce rules fairly and impartially
Term
Code of Ethics
Definition
A formal document that states and organization's primary values and the ethical rules it expects managers and nonmanagerial employees to follow
Term
Workforce Diversity
Definition
Ways in which people in a workforce are different from one another in terms of gender, age, race, sexual orientation, ethnicity, cultural background, and physical abilities and disabilities
Term
Race
Definition
The biological heritage (including physical characteristics, such as skin color and associated traits) that people use to identify themselves
Term
Ethnicity
Definition
Social traits, such as one's cultural background, that are shared by a human population
Term
Family-friendly Benefits
Definition
Benefits that provide fro a wide range of scheduling options and allow employees more flexibility at work, accommodating their needs for work-life balance
Term
Contingent workforce
Definition
Part-time, temporary, and contract workers who are available for hire on an as-needed basis.
Term
Decision-making Process
Definition
A set of eight steps that includes identifying a problem, selecting a solution, and evaluating the effectiveness of the solution.
Term
Eight Steps of Decision Making
Definition
1) Identification of the problems, 2) Identification of decision criteria, 3) Allocation of weights to criteria, 4) Listing of alternatives that could solve the problem, 5) Appraisal of alternatives against criteria, 6) Choosing the best alternative, 7) Properly implementing the alternative, and 8) Appraisal of the result
Term
Decision Implementation
Definition
Putting a decision into action
Term
Heuristics
Definition
Judgmental shortcuts or "rules of thumb" used to simplify decision making
Term
Overconfidence Bias
Definition
Managers tend to have unrealistically positive views of themselves and their performance
Term
Immediate Gratification Bias
Definition
Decision makes who tend to want immediate rewards and to avoid immediate costs.
Term
Anchoring effect
Definition
When decision makers fixate on initial information as a starting point and then, once set, fail to adequately adjust for subsequent information
Term
Selective Perception Bias
Definition
When decisions makers selectively organize and interpret events based on their biased perceptions
Term
Confirmation Bias
Definition
Decision makers seek out information that reaffirms their past choices and discount information that contradicts pas judgments
Term
Framing Bias
Definition
When decision makers select and highlight certain aspects of a situation while excluding others
Term
Availability Bias
Definition
Occurs when decisions makers tend to remember events that are the most recent and vivid in their memory.
Term
Representation Bias
Definition
When decision makers assess the likelihood of an event based on how closely it resembles other events or sets of events
Term
Randomness Bias
Definition
Describes when decisions makers try to create meaning out of random events
Term
Sunk Cost Error
Definition
Takes place when decision makers forget that current choices can't correct the past. They incorrectly fixate on past expenditures of time, money, or effort in assessing choices rather than on future consequences
Term
Self-Service Bias
Definition
Manager who are quick to take credit for success and to blame failure on outside factors
Term
Hindsight Bias
Definition
The tendency for decision makers to falsely believe that they would have accurately predicted the outcome of an event once that outcome is actually known.
Term
Rational Decision Making
Definition
Describes choices that are consistent and value-maximizing within specified constraints
Term
Bounded Rationality
Definition
Making decisions that are rational within the limits of a manager's ability to process information
Term
Satisfice
Definition
Accepting solutions that are "good enough"
Term
Escalation of Commitment
Definition
An increased commitment to a previous decision despite evidence that it may have been a poor decision
Term
Intuitive Decision Making
Definition
Making decisions on the basis of experience, feelings, and accumulated judgment
Term
Structured Problem
Definition
A straightforward, familiar, and easily defined problem
Term
Unstructured Problem
Definition
A problem that is new or unusual for which information is ambiguous or incomplete
Term
Programmed Decision
Definition
A repetitive decision that can be handled using a routine approach
Term
Procedure
Definition
A series of interrelated, sequential steps used to respond to a structured problem
Term
Rule
Definition
An explicit statement that tells employees what can and cannot be done
Term
Policy
Definition
A guideline for making decisions
Term
Nonprogrammed Decision
Definition
A unique and nonrecurring decision that requires a custom-made solution
Term
Certainty
Definition
A situation in which a decision maker can make accurate decisions because all outcomes are known
Term
Advantages to group decisions
Definition
1) Group decisions provide more complete information than do individual ones, 2) Group decision making increases acceptance of a solution, and 3) Group decision making increases legitimacy.
Term
Disadvantages to group decisions
Definition
1)Time-consuming, 2) Minority domination, 3) may yield to pressures to conform, 4) Groupthink, and 5) Ambiguous responsibility
Term
Brainstorming
Definition
An idea-generating process that encourages alternatives while withholding criticism
Term
Nominal Group Technique
Definition
A decision-making technique in which group members are physically present but operate independently
Term
Electronic Meeting
Definition
A type of nominal group technique in which participants are linked by computer
Term
Creativity
Definition
The ability to produce novel and useful ideas
Term
Ringisei
Definition
Japanese consensus-forming group decisions
Term
Individual Creativity Requires
Definition
1) Expertise, 2) Creative-thinking skills, and 3) Intrinsic task motivation
Term
Decision Trees
Definition
A Diagram used to analyze a progression of decisions
Term
Break-Even Point
Definition
Total Fixed Costs divided by (Unite price of item minus Variable cost of item) BE=[TFC/(P-VC)]
Term
Liquidity
Definition
A measure of the organization's ability to convert assets into cash in order to meet its debt obligations
Term
Current Ratio
Definition
The organization's current assets divided by its current liabilities
Term
Acid Test Ratio
Definition
same as Current ratio but inventory held is subtracted from current assets
Term
Break-even Analysis
Definition
A technique for identifying the point at which total revenue is just sufficient to cover total costs
Term
Linear Programming
Definition
A mathematical technique that solves resource allocation problems
Term
Queuing Theory
Definition
Also known as waiting line theory, it is a way of balancing the cost of having a waiting line versus the cost of maintaining the line. Managemet wants to have as few stations open to minimize costs without testing the patience of customers
Term
Fixed-point Reordering System
Definition
A method for a system to "flag" the need to reorder inventory at some pre-established point in the process
Term
Economic Order Quantity (EOQ)
Definition
A model that seeks to balance the costs involved in ordering and carrying inventory, thus minimizing total costs associated with carrying and ordering costs
Term
Why should managers formally plan
Definition
1) It reduces uncertainty, 2) It clarifies the consequences of the actions managers might take, 3) It reduces overlapping and wasteful activities, and 4) Planning establishes the goals or standards that facilitate control
Term
Strategic Management
Definition
What managers do to develop and organization's strategies
Term
Strategies
Definition
Plans for how the organization will do what it's in business to do, how it will compete successfully, and how it will attract its customers in order to achieve its goals
Term
Strategic Management Process
Definition
A six-step process that encompasses strategy planning, implementation, and evaluation
Term
Six Steps In the Strategic Management Process
Definition
1) Identifying the organization's current mission, goals, and strategies, 2) Doing and external analysis, 3) Doing and internal analysis, 4) Formulating strategies, 5) Implementing strategies, and 6) Evaluating results
Term
Mission
Definition
A statement of an organization's purpose
Term
Opportunities
Definition
Positive trends in the external environment
Term
Threats
Definition
Negative trends in the external environment
Term
Resources
Definition
An organization's assets that it uses to develop, manufacture, and deliver products to its customers
Term
Capabilities
Definition
An organization's skills and abilities in doing the work activities needed in its business
Term
Core Competencies
Definition
The major value-creating capabilities of an organization
Term
Strengths
Definition
Any activities the organization does well or any unique resources that it has
Term
Weakness
Definition
Activities the organization does not do well or resources it needs but does not possess
Term
SWOT Analysis
Definition
The combined internal and external analysis of the organization's strengths, weaknesses, opportunities and threats
Term
Corporate Strategy
Definition
An organization's strategy that specifies what business a company is in or wants to be in and what it wants to do with those businesses
Term
Growth Strategy
Definition
A corporate strategy in which an organization expands the number of markets served or products offered either through its current business(es) or through new business(es)
Term
Stability Strategy
Definition
A corporate strategy in which an organization continues to do what it is currently doing
Term
Renewal Strategy
Definition
A corporate strategy that address declining organizational performance
Term
Competitive Strategy
Definition
An organizational strategy for how an organization will compete in its business(es)
Term
Strategic Business Units (SBUs)
Definition
An organization's single businesses that are independent and formulate their own competitive strategies
Term
Competitive Advantage
Definition
What sets and organization apart; its distinctive edge
Term
Cost Leadership Strategy
Definition
When an organization competes on the basis of having the lowest cost in its industry
Term
Differentiation Strategy
Definition
When an organization competes on the basis of having unique products that are widely valued by customers
Term
Focus Strategy
Definition
When an organization competes in a narrow segment or niche with either a cost focus or a differentiation focus
Term
Functional Strategy
Definition
Strategy used in an organization's various functional departments to support the competitive strategy
Term
Benchmarking
Definition
The search for the best practices among competitors or noncompetitors that lead to their superior performance
Term
Two important aspects of planning
Definition
1) Goals, and 2) Plans
Term
Goals
Definition
Desired outcomes or targets
Term
Plans
Definition
Documents that outline how goals are going to be met
Term
Stated Goals
Definition
Official statements of what an organization says, and wants its stakeholders to believe, its goals are
Term
Real Goals
Definition
Those goals an organization actually pursues as shown by what the organization's members are doing
Term
Four Elements of Management by Objectives
Definition
1) Goal Specificity, 2) Participative decision making, 3) explicit time period, and 4) Performance feedback
Term
Traditional Goal Setting
Definition
Goals are set by top managers and flow down through the organization and become subgoals for each organizational area
Term
Means-ends Chain
Definition
An integrated network of goals in which higher-level goals are linked to lower-level goals, which serve as the means for their accomplishment
Term
Six Steps to Gal Setting
Definition
1) Review the organization's mission and employee's key job tasks, 2) Evaluate available resources, 3) Determine the goals individually or with input from others, 4) Make sure goals are well written and then communicate them to all who need to know, 5) Build in feedback mechanism to assess goal progress, and 6) Link rewards to goal attainment
Term
Management by Objectives
Definition
A process of setting mutually agreed-upon goals and using those goals to evaluate employee performance.
Term
Strategic Plans
Definition
Plans that apply to the entire organization and encompass the organization's overall goals
Term
Tactical Plans
Definition
Plans that specify the details of how the overall goals are to be achieved
Term
Long-Term Plans
Definition
Plans with a time frame beyond three years
Term
Short-term Plans
Definition
Plans with a time frame of one year or less
Term
Specific Plans
Definition
Plans that are clearly defined and leave no room for interpretation
Term
Directional Plans
Definition
Plans that are flexible and set general guidelines
Term
Single-use Plan
Definition
A one-time plan specifically designed to meet the needs of a unique situation
Term
Standing Plans
Definition
Plans that are ongoing and provide guidance for activities performed repeatedly
Term
Commitment Concept
Definition
The idea that plans should extend far enough to meet those commitments made when the plans were developed
Term
Formal Planning Department
Definition
A group of planning specialists whose sole responsibility is to help write the various organizational plans
Term
Environmental Scanning
Definition
An analysis of the external environment, which involves screening large amounts of information to detect emerging trends
Term
Competitive Intelligence
Definition
A type of environmental scanning that gives manager accurate information about competitors
Term
Six key elements in organizational design
Definition
1) work specialization, 2) departmentalization, 3) Authority, responsibility and power, 4) Sapn of control, 5) Centralization and decentralization, and 6) Formalization
Term
Work Specialization
Definition
Dividing work activities into separate job tasks
Term
Organizing
Definition
The function of management that creates the organization's structure
Term
Organizational Design
Definition
When managers develop or change the organization's structure
Term
Departmentalization
Definition
How jobs are grouped together
Term
Five Types of Departmentalization
Definition
1) Functional, 2) Product, 3) Customer, 4) Geographic, and 5) Process
Term
Functional Departmentalization
Definition
Grouping activities by functions performed
Term
Product Departmentalization
Definition
Grouping activities by major product area
Term
Customer Departmentalization
Definition
Grouping activities by customer
Term
Geographic Departmentalization
Definition
Grouping activities on the basis of geography or territory
Term
Process Departmentalization
Definition
Grouping activities on the basis of work or customer flow
Term
Cross-Functional Teams
Definition
Teams made up of individuals from various departments and that cross traditional department lines
Term
Chain of Command
Definition
The line of authority extending from upper organizational levels to lower levels, which clarifies who reports to whom
Term
Authority
Definition
The rights inherent in a managerial position to give orders and expect orders to be obeyed
Term
Responsibility
Definition
An obligation to perform assigned duties
Term
Line Authority
Definition
Authority that entitles managers to direct the work of an employee
Term
Staff Authority
Definition
Positions with some authority that have been created to support, assist, and advise those holding line authority
Term
Unity of Command
Definition
Structures in which each employee reports to only one managers
Term
Power
Definition
An individual's capacity to influence decisions
Term
Span of Control
Definition
The number of employees a manager can efficiently and effectively supervise
Term
Centralization
Definition
The degree to which decision making takes place at upper levels of the organization
Term
Decentralization
Definition
The degree to which lower-level managers provide input or actually make decisions
Term
Formalization
Definition
How standardized an organization's jobs are and the extent to which employees behavior is guided by rules and procedures
Term
Mechanistic Organization
Definition
A bureaucratic organization; a structure that's high in specialization, formalization, and centralization
Term
Organic Organization
Definition
A structure that's low in specialization, formalization, and centralization
Term
Unit Production
Definition
The production of items in units or small batches
Term
Mass Production
Definition
Large-batch manufacturing
Term
Process Production
Definition
Continuous flow or process production
Term
Simple Structure
Definition
An organizational design with low departmentalization, wide spans of control, authority centralized in a single person, and little formalization
Term
Functional Structure
Definition
An organizational design that groups similar or related occupational specialties together
Term
Divisional Structure
Definition
An organizational structure made up of separate business units or divisions
Term
Team Structure
Definition
A structure in which the entire organization is made up of work teams
Term
Matrix Structure
Definition
A structure in which specialists from different functional departments are assigned to work on projects led by a project manager
Term
Project Structure
Definition
A structure in which employees continuously work on projects
Term
Boundaryless Organization
Definition
An organization whose design is not defined by, or limited to, boundaries imposed by a predefined structure
Term
Virtual Organization
Definition
An organization that consists of a small core of full-time employees and outside specialists temporarily hired as needed work on projects
Term
Network Organization
Definition
An organization that uses its own employees to do some work activities and networks of outside suppliers to provide other needed product components of work processes
Term
Learning Organization
Definition
An organization that has developed the capacity to continuously learn, adapt, and change
Term
Telecommuting
Definition
A work arrangement in which employees work at home and are linked to the workplace by computer
Term
compressed Workweek
Definition
A workweek where employees work longer hours per day but fewer days per week
Term
Flextime
Definition
A work scheduling system in which employees are required to work a specific number of hours per week but can vary when they work those hours within certain limits
Term
Job Sharing
Definition
When two or more people split a full-time job
Term
Contingent workers
Definition
Temporary, freelance, or contract workers whose employment is contingent upon demand for their services
Term
Human Resources Management
Definition
The management function concerned with getting, training, motivating, and keeping competent employees
Term
Equal Pay Act
Definition
Prohibits pay differences for equal work based on gender
Term
Civil Rights Act, Title VII
Definition
Prohibits discrimination based on race, color, religion, national origin (ethnicity), or origin
Term
Age Discrimination in Employment Act
Definition
Prohibits discrimination against employees 40 years and older
Term
Vocational Rehabilitation Act
Definition
Prohibits discrimination on the basis of physical or mental disabilities
Term
Americans With Disabilities Act
Definition
Prohibits discriminations against individuals who have disabilities or chronic illnesses; also requires reasonable accommodation for these individuals
Term
Worker Adjustment and Retraining Notification Act (WARN)
Definition
Requires employers with more than 100 employees to provide 60 days' notice before a mass layoff or facility closing
Term
Family and Medical Leave Act
Definition
Gives employees in organizations with 50 or more employees up to 12 weeks of unpaid leave each year for family and medical leave
Term
Health Insurance Portability and Accountability Act
Definition
Permits portability of employees insurance from one employer to another
Term
Lilly Leadbetter Fair Pay Act
Definition
Changes the statute of limitations on pay discrimination to 180 days from each paycheck
Term
Occupational Safety and Health Act (OSHA)
Definition
Establishes mandatory and health standards in organizations
Term
Privacy Act
Definition
Gives employees the legal right to examine personnel files and letters of reference
Term
Consolidated Omnibus Reconciliation Act (COBRA)
Definition
Requires continued health coverage following terminations (paid by employee)
Term
Affirmative Action Programs
Definition
Programs that ensure that decisions and practices enhance the employment, upgrading, and retention of members of protected groups
Term
Work Council
Definition
Groups of nominated or elected employees who must be consulted when management makes decisions involving personnel
Term
Board Representatives
Definition
Employees who sit on a company's board of directors and represent the interest of employees
Term
Employment Planning
Definition
The process by which managers ensure they have the right numbers and kinds of people in the right places at the right time
Term
Human Resources Inventory
Definition
A report listing important information about employees such as name, education, training, skills, languages spoken, and so forth
Term
Job Analysis
Definition
An assessment that defines jobs and the behaviors necessary to perform them
Term
Job Description
Definition
A written statement that describes a job
Term
Job Specification
Definition
A written statement of the minimum qualifications that a person must possess to perform a given job successfully
Term
Recruitment
Definition
Locating, identifying, and attracting capable applicants
Term
Selection Process
Definition
Screening job applicants to ensure that the most appropriate candidates are interviewed
Term
Reliability
Definition
The degree to which a selection device measures the same thing consistently
Term
Validity
Definition
The proven relationship between a selection device and some relevant criteria
Term
Performance-simulation Tests
Definition
Selection devices based on actual job behaviors
Term
Realistic Job Preview (RJP)
Definition
A preview of the job that provides both positive and negative information about the job and the company
Term
Orientation
Definition
Introducing an new employee to the job and the organization
Term
Employee Training
Definition
A learning experience that seeks a relatively permanent change in employees by improving their ability to perform on the job
Term
Performance Management System
Definition
A system that establishes performance standards that are used to evaluate employee performance
Term
360-degree Appraisal
Definition
An appraisal device that seeks feedback from a variety of sources for the person being rated
Term
Discipline
Definition
Actions taken by a manager to enforce an organization's standards and regulations
Term
Employee Counseling
Definition
A process designed to help employees overcome performance-related problems
Term
Skill-based Pay
Definition
A pay system that rewards employees for the job skills they demonstrate
Term
Variable Pay
Definition
A pay system in which an individual's compensation is contingent on performance
Term
Employee Benefits
Definition
Membership-based rewards designed to enrich employee's lives
Term
Downsizing
Definition
The planned elimination of jobs in an organization
Term
Layoff-Survivor Sickness
Definition
A set of attitudes, perceptions, and behaviors of employees who survive layoffs
Term
Sexual Harassment
Definition
Any unwanted action or activity of a sexual nature that explicitly or implicitly affects and individual's employment, performance, or work environment
Term
Workplace Spirituality
Definition
A spiritual culture where organizational values promote a sense of purpose through meaningful work that takes place in the context of community
Term
Career
Definition
The sequence of work positions held by a person during his lifetime
Term
Boundaryless Career
Definition
When an individual takes personal responsibility for his or her own career
Term
Organizational Change
Definition
Any alteration of an organization's people, structure, or technology
Term
Change Agents
Definition
People who act as change catalysts and assume the responsibility for managing the change process
Term
"Calm Waters" Metaphor
Definition
A description of organizational change that likens that change to a large ship making a predictable trip across a calm sea and experiencing an occasional storm
Term
"White-water Rapids: Metaphor
Definition
A description of organizational change that likens that change to a small raft navigating a raging river
Term
Kurt Levin's three step description of the change process
Definition
1) Unfreezing the status quo, 2) changing to a new state, and 3) freezing the new change to make it permanent
Term
Organizational Development (OD)
Definition
Efforts that assist organizational members with a planned change by focusing on their attitudes and values
Term
Survey Feedback
Definition
A method of assessing employees' attitudes toward and perceptions of a change
Term
Process Consultation
Definition
Using outside consultants to assess organizational processes such as workflow, informal intra-unit relationships, and formal communication channels
Term
Team-building
Definition
Using activities to help work group set goals, develop positive interpersonal relationships, and clarify the roles and responsibilities of each team member
Term
Intergroup Development
Definition
Activities that attempt to make several work groups more cohesive
Term
Stress
Definition
The adverse reaction people have to excessive pressure placed on them from extraordinary demands, constraints, or opportunities
Term
Karoshi
Definition
A Japanese term that refers to a sudden death caused by overworking
Term
Stressors
Definition
Factors that cause stress
Term
Role Conflict
Definition
Work expectations that are hard to satisfy
Term
Role Overload
Definition
Having more work to accomplish than time permits
Term
Role Ambiguity
Definition
When role expectations are not clearly understood
Term
Type A Personality
Definition
People who have a chronic sense of urgency and an excessive competitive drive
Term
Type B Personality
Definition
People who are relaxed and easygoing and accept change easily
Term
Employee Assistance Programs (EAPs)
Definition
Programs offered by organizations to help employees overcome personal and health-related problems
Term
Wellness Program
Definition
Programs offered by organizations to help employees prevent health problems
Term
Innovation
Definition
The process of taking a creative idea and turning it into a useful product, service, or method of operation
Term
Idea Champions
Definition
Individuals who actively and enthusiastically support new ideas, build support for, overcome resistance to, and ensure that innovations are implements
Term
Behavior
Definition
The actions of people
Term
Organizational Behavior
Definition
The study of the actions of people at work
Term
Employee Productivity
Definition
A performance measure of both work efficiency and effectiveness
Term
Absenteeism
Definition
The failure to show up for work
Term
Turnover
Definition
Voluntary and involuntary permanent withdrawal from an organization
Term
Organizational Citizenship Behavior
Definition
Discretionary behavior that's not part of an employee's formal job requirements, but that promotes the effective functioning of the organization
Term
Workplace misbehavior
Definition
Any intentional employee behavior that is potentially harmful to the organization or individuals within the organization
Term
The three components of attitude
Definition
1) Cognition, 2) affect, and 3) Behavior
Term
Attitudes
Definition
Evaluative statements, either favorable or unfavorable, concerning objects, people, or events
Term
Cognitive Component
Definition
The part of an attitude made up of the beliefs, opinions, knowledge, and information held by a person
Term
Affective Component
Definition
The part of an attitude that's the emotional feeling part
Term
Behavioral Component
Definition
The part of an attitude that refers to an intention to behave in a certain way toward someone or something
Term
Job Satisfaction
Definition
An employee's general attitude toward his or her job
Term
Job Involvement
Definition
The degree to which an employee identifies with his or her job, actively participates in it, and considers his or her job performance important for self-worth
Term
Organizational Commitment
Definition
An employee's orientation toward the organization in terms of his or her loyalty to, identification with, and involvement in the organization
Term
Cognitive Dissonance
Definition
Any incompatibility or inconsistency between attitudes or between behavior and attitudes
Term
Personality
Definition
A unique combination of emotional thought, and behavioral patterns that affect how a person reacts to situations and interacts with others
Term
The Big Five Model of Personality
Definition
1) Extraversion, 2) Agreeableness, 3) Conscientiousness, 4) Emotional Stability, and 5) Openness to Experience
Term
Myers-Briggs Type Indicator (MBTI)
Definition
A personality assessment that uses four dimensions of personality to identify different personality types
Term
Four Myers-Briggs Four Dimensions of Personality
Definition
1) Extroversion versus introversion (EI), 2) Sensing versus intuition (SN), 3) Thinking versus feeling (TF), and 4) Judging versus perceiving (JP)
Term
Emotional Intelligence
Definition
The ability to notice and to manage emotional cues and information
Term
Locus of Control
Definition
The degree to which people believe they control their own fate
Term
Machiavellianism (Mach)
Definition
A measure of the degree to which people are pragmatic, maintain emotional distance, and believe that end justify the means
Term
Self Esteem (SE)
Definition
An individual's degree of like or dislike for himself
Term
Self-monitoring
Definition
A personality trait that measures the ability to adjust behavior to external situational factors
Term
Perception
Definition
A process by which we give meaning to our environment by organizing and interpreting sensory impressions
Term
Attribution Theory
Definition
A theory used to explain how we judge people differently, based on what meaning we attribute to a given behavior
Term
Fundamental Attribution Theory
Definition
The tendency to underestimate the influence of external factors and overestimate the influence of internal factors when making judgments about the behaviors of others.
Term
Self-serving Bias
Definition
The tendency of individuals to attribute their success to internal factors while putting plane for failure on external factors
Term
Selective Perception
Definition
The tendency for people to only absorb parts of what they observe, which allows us to "speed read" others
Term
Assumed Similarity
Definition
An observer's perception of others influenced more by the observer's own characteristics than by those of the person observed
Term
Stereotyping
Definition
When we judge someone on the basis of our perceptions of a group to which that person belongs
Term
Halo Effect
Definition
When we form a general impression of a person on the basis of a single characteristic
Term
Learning
Definition
A relatively permanent change in behavior that occurs as a result of experience
Term
Operant Conditioning
Definition
A theory of learning that says that behavior is a function of consequences
Term
Social Learning Theory
Definition
A theory of learning that says people can learn through observation and direct experience
Term
Shaping Behavior
Definition
The process of guiding learning in graduated steps, using reinforcement or lack of reinforcement
Term
Group
Definition
Two or more interacting and independent individuals who come together to achieve specific goals
Term
Stages of Group Development
Definition
1) Forming, 2) Storming, 3) norming, 4) performing, and 5) adjourning
Term
Forming Stage
Definition
The first stage of group development in which people join the group and then define the group's purpose, structure, and leadership
Term
Storming Stage
Definition
The second stage of group development, which is characterized by intragroup conflict
Term
Norming Stage
Definition
The third stage of group development, which is characterized by close relationships and cohesiveness
Term
Performing Stage
Definition
The fourth stage in group development, when the group is fully functional and works on the group tasks
Term
Adjourning Stage
Definition
The final stage of group development for temporary groups, during which group prepare to disband
Term
Role
Definition
Behavior patterns expected of someone who occupies a given position in a social unit
Term
Norms
Definition
Standards or expectations that are accepted and shared by a group's members
Term
Status
Definition
A prestige grading, position, or rank within a group
Term
Social Loafing
Definition
The tendency for individuals to expend less effort when working collectively than when working individually
Term
Group Cohesiveness
Definition
The degree to which group members are attracted to one another and share the group's goals
Term
Work Teams
Definition
Groups whose members work intensely on specific, common goals using their positive synergy, individual and mutual accountability, and complementary skills
Term
Problem-solving Teams
Definition
A team from the same department or functional area that's involved in efforts to improve work activities or to solve specific problems
Term
Self-managed Work Team
Definition
A type of work team that operates without a manager and is responsible for a complete work process or segment
Term
Virtual Team
Definition
A type of work team that uses technology to link physically dispersed members In order to achieve a common goal
Term
Motivation
Definition
The process by which a person's efforts are energized, directed, and sustained toward attaining a goal
Term
Hierarchy of Needs
Definition
Maslow's theory that there is a hierarchy of five human need: 1) physiological, 2) safety, 3) social, 4) esteem, and 5) self-actualization
Term
Theory X
Definition
The assumption that employees dislike work, are lazy, avoid responsibility, and must be coerced to work
Term
Theory Y
Definition
The assumption that employees are creative, enjoy work, seek responsibility, and can exercise self-direction
Term
Herzberg's Two-Factor Theory
Definition
It proposes that intrinsic factors are related to job satisfaction and motivations, whereas extrinsic factors are associated with job dissatisfaction
Term
Hygiene Factors
Definition
Factors that eliminate job dissatisfaction but don't motivate
Term
Motivators
Definition
Factors that increase job satisfaction and motivate
Term
McClelland's Three-Needs Theory
Definition
Three acquired (not innate) need - 1) achievement, 2) power, and 3) affiliation - are major motives at work
Term
Need for Achievement
Definition
The drive to succeed and excel in relation to a set of standards
Term
Need For Power
Definition
The need to make others behave in a way that they would not have behaved otherwise
Term
Need for Affiliation
Definition
The desire for friendly and close interpersonal relationships
Term
Goal-setting Theory
Definition
The proposition that specific goals increase performance and that difficult goals, when accepted, result in higher performance than do easy goals
Term
Hackman and Oldham Five Core Job Dimensions (Job Characteristics Model)
Definition
1) Skill Variety, 2) Task Identity, 3) Task Significance, 4) Autonomy, and 5) Feedback
Term
Skill Variety
Definition
The degree to which the job requires a variety of activities so the worker can us a number of different skills and talents
Term
Task Identity
Definition
The degree to which the job requires completion of a whole and identifiable piece of work
Term
Task Significance
Definition
The degree to which the job affects the lives or work of other people
Term
Autonomy
Definition
The degree to which the job provides freedom, independence, and discretion to the individual in scheduling the work and in determining the procedures used to carry it out
Term
Feedback
Definition
The degree to which carrying out the work activities required by the job results in the individual's obtaining direct and clear information about the effectiveness of his performance
Term
Self-efficacy
Definition
An individual's belief that he is capable of performing a task
Term
Job Design
Definition
The way tasks are combined to form complete jobs
Term
Job Characteristics Model (JCM)
Definition
A framework for analyzing and designing jobs that identify five primary core job dimensions, their interrelationships, and their impact on outcomes
Term
Job Enrichment
Definition
The vertical expansion of a job by adding planning and evaluation responsibilities
Term
Equity Theory
Definition
The theory that an employee compares his or her job's input-to-outcome ratio with that of relevant others and then corrects any inequality
Term
Referent
Definition
The persons, systems, or selves against which individuals compare themselves to assess equity
Term
Distributive Justice
Definition
Perceived fairness of the amount of allocation of rewards among individuals
Term
Procedural Justice
Definition
Perceived fairness of the process used to determine the distribution of rewards
Term
Expectancy Theory
Definition
The theory that an individual tends to act in a certain way, based on the expectation that the act will be followed by a given outcome and on the attractiveness of that outcome to the individual
Term
Leader
Definition
Someone who can influence other and who has managerial authority
Term
Leadership
Definition
The process of leading a group and influencing that group to achieve goals
Term
Behavioral Theories of Leadership
Definition
Theories that isolate behaviors that differentiate effective leaders from ineffective leaders
Term
Autocratic Style Of Leadership
Definition
A leader who centralizes authority, dictates work methods, makes unilateral decisions, and limits employee participation
Term
Democratic Style of Leadership
Definition
A leader who involves employees in decision making, delegates authority, encourages participation in deciding work methods, and uses feedback to coach employees
Term
Laissez-faire Leadership Style
Definition
A leader who generally gives employees complete freedom to make decisions and to complete their work however they see fit
Term
Initiating Structure
Definition
The extent to which a leader defines and structures his or her role and the roles of employees to attain goals
Term
Consideration
Definition
The extent to which a leader has job relationships characterized by mutual trust, respect for employees' ideas, and regard for their feelings
Term
Employee Oriented
Definition
A leader who emphasizes the people aspects
Term
Production Oriented
Definition
A leader who emphasizes the technical or task aspects
Term
Managerial Grid
Definition
A two-dimensional grid for appraising leadership styles
Term
Fiedler Contingency Model
Definition
Leadership theory proposing that effective group performance depends on the proper match between a leader's style and the degree to which the situation allowed the leader to control and influence
Term
Leader-member relations
Definition
The degree of confidence, trust, and respect employees had for their leaders; rated as either good or poor
Term
Task Structure
Definition
The degree to which job assignments were formalized and structured; rated as either high or low
Term
Position Power
Definition
The degree of influence a leader had over activities such as hiring, firing, discipline, promotions, and salary increases; rated as either strong or weak
Term
Least-preferred Coworker (LPC) Questionnaire
Definition
A questionnaire that measures whether a leader was task or relationship oriented
Term
Situational Leadership Theory (SLI)
Definition
A leadership theory that focuses on followers' readiness
Term
Readiness
Definition
The extent to which people have the ability and willingness to accomplish a specific task
Term
Leader-participation Model
Definition
A leadership contingency theory that's based on a sequential set of rules for determining how much participation a leader uses in decision making according to different types of situation
Term
Path-goal Theory
Definition
A leadership theory that says the leader's job is to assist followers in attaining their goals and to provide direction or supported needed to ensure that their goals are compatible with the organization's or group's goals
Term
Leader-member exchange (LMX) Theory
Definition
A leadership theory that says leaders create in-groups and out-groups and those in the in-group will have higher performance ratings, less turnover, and greater job satisfaction
Term
Transactional Leaders
Definition
Leaders who lead primarily by using social exchanges (or transactions)
Term
Transformational Leaders
Definition
Leaders who stimulate and inspire (transform) followers to achieve extraordinary outcomes
Term
Charismatic Leaders
Definition
Enthusiastic, self-confident leaders whose personalities and actions influence people to behave in certain ways
Term
Visionary Leadership
Definition
The ability to create and articulate a realist, credible, and attractive vision of the future that improves on the present situation
Term
Empowerment
Definition
The act of increasing the decision-making discretion of worker
Term
Credibility
Definition
The degree to which follower perceive someone as honest, competent, and able to inspire
Term
Trust
Definition
The belief in the integrity, character, and ability of a leader
Term
Communication
Definition
A transfer of understanding and meaning from one person to another
Term
Communication Process
Definition
The seven-part process of transferring and understanding of meaning: 1) communication source or sender, 2) encoding, 3) the message, 4) the channel, 5) decoding, 6) the receiver, and 7) feedback
Term
Encoding
Definition
Converting a message into symbolic form
Term
Message
Definition
A purpose for communicating that's to be conveyed
Term
Channel
Definition
The medium by which a message travels
Term
Decoding
Definition
Translating a received message
Term
Feedback
Definition
Checking to see how successfully a message has been transferred
Term
Grapevine
Definition
An unofficial channel of communication
Term
Body Language
Definition
Nonverbal communication cues such as facial expressions, gestures, and other body movements
Term
Verbal Intonation
Definition
An emphasis given to words or phrases that conveys meaning
Term
Filtering
Definition
Deliberately manipulating information to make it appear more favorable to the receiver
Term
Selective Perception
Definition
Selectively perceiving or hearing communication based on your own needs, motivations, experiences, or other personal characteristics
Term
Information Overload
Definition
What results when information exceeds processing capacity
Term
Jargon
Definition
Technical language, specific to a discipline or industry
Term
Active Listening
Definition
Listening for full meaning without making premature judgments or interpretations
Term
Knowledge Management
Definition
Cultivating a learning culture in which organizational members systematically gather knowledge and share it with others
Term
Communities of practice
Definition
Groups of people who share a concern, a set of problems, or a passion about a topic, and who deepen their knowledge and expertise in that area by interacting on an ongoing basis
Term
Ethical Communication
Definition
Presented material that contains all relevant information, is true in every sense, and is not deceptive in any way
Term
Control
Definition
Management function that involves monitoring activities to ensure that they're being accomplished as planned and correcting any significant deviations
Term
Control Process
Definition
A three-step process of measuring actual performance, comparing actual performance against a standard, and taking managerial action to correct deviations
Term
Management by Walking Around (MBWA)
Definition
When a manager is out in the work area interacting with employees
Term
How does a manager measure
Definition
1) personal observation, 2) Statistical Reports, 3) oral reports, and 4) written reports
Term
Range of Variation
Definition
The acceptable parameters of variance between actual performance and a standard
Term
Immediate Corrective Action
Definition
Corrective action that addresses problems at once to get performance back on track
Term
Basic Corrective Action
Definition
Corrective action that looks at how and why performance deviated before correcting the source of deviation
Term
Feedforward Control
Definition
Control that takes place before a work activity is done
Term
Feedback Control
Definition
Control that takes place after a work activity is done
Term
Management Information System (MIS)
Definition
A system used to provide management with needed information on a regular basis
Term
Balanced Scorecard
Definition
A performance measure tool that looks at more than just the financial perspective; looks at 4 areas 1) Financial, 2) customer, 3) internal processes, and 4) people/innovation/growth assets
Term
Operations Management
Definition
The design, operation, and control of the transformation process that converts such resources as labor and raw materials into goods and services; the study and application of the transformation process
Term
Transformation Process
Definition
The process that converts resources into finished goods and services
Term
Manufacturing Organization
Definition
Organizations that produce physical goods
Term
Service Organization
Definition
Organizations that produce nonphysical products in the form of services
Term
Value
Definition
The performance characteristics, features, attributes, and other aspects of goods and services, for which customers are willing to give up resources
Term
Value Chain
Definition
The entire series of work activities that add value at each step from raw materials to finished product
Term
Value Chain Management
Definition
The process of managing the sequence of activities and information along the entire value chain
Term
Business Model
Definition
A strategic design for how a company intends to profit from its broad array of strategies, processes, and activities
Term
Organizational Process
Definition
The way organizational work is done
Term
ISO 9000
Definition
A series of international quality standards that set uniform guidelines for processes to ensure that products conform to customer requirements
Term
Six Sigma
Definition
A quality standard that establishes a goal of no more than 3.4 defects per million units or procedures
Term
Project
Definition
A one-time set of activities with a definite beginning and ending point
Term
Project management
Definition
The task of getting project activities done on time, within a budget, and according to specifications
Term
Gantt Chart
Definition
A planning tool that shows in a bar graph form when tasks are supposed to be done and compares that with the actual progress
Term
Load Chart
Definition
A modified version of a Gnatt chart that lists either whole departments or specific resources
Term
Pert Network Analysis
Definition
A flowchart-like diagram that depicts the sequence of activities needed to complete a project and the time or costs associated with each activity
Term
Events
Definition
End points that represent the completion of major activities
Term
Activities
Definition
Actions that take place
Term
Critical Path
Definition
The longest or most time-consuming sequence of events and activities required to complete a project in the shortest amount of time
Term
Slack Time
Definition
The time difference between the critical path and all other paths
Term
Entrepreneurship
Definition
The process of starting new business, generally in response to opportunities
Term
Entrepreneurship Ventures
Definition
Organizations that pursue opportunities, are characterized by innovative practices, and have growth and profitability as their main goals
Term
Small Business
Definition
An independent business having fewer than 500 employees that doesn't necessarily engage in any new or innovative practices and that has relatively little impact on its industry
Term
Business Plan
Definition
A written document that summarizes a business opportunity and defines and articulates how the identified opportunity is to be seized and exploited
Term
Proactive Personality
Definition
A personality trait describing those individuals who are more prone to take actions to influence their environment
Term
Harvesting
Definition
Exiting a venture when an entrepreneur hopes to capitalize financially on the investment of the venture
Supporting users have an ad free experience!