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Management 320F at UT
Management 320F at UT Final Exam
114
Management
Undergraduate 3
12/09/2011

Additional Management Flashcards

 


 

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Term
efficiency
Definition
getting the most output from the least amount of inputs; concerned with the means
Term
effectiveness
Definition
"doing the right things" to help the organization reach its goals; concerned with the ends
Term
importance of effectiveness and efficiency to management
Definition
managers coordinate and oversee work activities so that their activities are completed both effectively and efficiently
Term
4 functions of management
Definition
planning
organizing
leading
controlling
to achieve organization's purposes
Term
planning
Definition
goals, strategies,plans to coordinate activities
Term
organizing
Definition
determining what, how, and who does it
Term
leading
Definition
motivating, leading, people activities
Term
controlling
Definition
monitoring to ensure completion
Term
challenges of being a manager
Definition
1 hard work
2 clerical
3 personalities
4 limited resources
5 have to motivate workers
6 blend knowledge,skills,etc of diverse
7 success dependent on others performance
Term
rewards of being a manager
Definition
1 create work environment for best ability to come through
2 creative and imaginative
3 help others find meaning in work
4 support coach and nurture
5 variety of people
6 recognition and status
7 role in influencing outcomes
8 compensation
9 needed by organizations
Term
successful manager (Luthans)
Definition
= speedy promotion...
spend 48% time networking
spend 28% communicating
spend 13% on traditional tasks
spend 11% on HR
Term
effective manager (Luthans)
Definition
= work quality/quantity, employee satis
spend 44% time communicating
spend 26% time HR
spend 19% time traditional tasks
spend 11% time networking
Term
7 dimensions of organization's culture
Definition
1.attention to detail
2.outcome orientation
3.people orientation
4.team orientation
5.aggressiveness
6.stability
7.innovation and risk taking
Term
1. attention to detail
Definition
degree to which employees are expected to exhibit precision, analysis, and attention to detail
Term
2. outcome orientation
Definition
focus on results/outcomes vs how they are achieved
Term
3. people orientation
Definition
management decisions, how much effects on people matter
Term
4. team orientation
Definition
teams vs. individuals, degree of
Term
5. aggressiveness
Definition
agressive/competitive vs. cooperative
Term
6. stability
Definition
org decisions and actions emphasis on maintaining status quo
Term
7. innovation and risk taking
Definition
employees encouraged to take risks, be innovative?
Term
impact of strong culture on organizations
Definition
greater influence on employees,
benefits:commitment,recruitment/socialization,high performance thru promoting employee initiative
weaknesses:barrier to change,barrier to diversity,barrier to acquistions and mergers
Term
"strong" culture characteristics
Definition
values widely shared
consistent messages
company "stories"
strong identification
shared values and behaviors
Term
impact of strong culture on managers
Definition
on planning: degree of risk, amount of analysis and empl involvement
on organizing: autonomy, indiv. vs. teams, coordination across depts.
on leading: appropriate styles,how disagreements are handled, priority given to emp concerns
on controlling: employee autonomy,criteria emphasized in perf evaluations, repercussions from mistakes or metric variances
Term
how culture affects managers
Definition
constrains what they can and cannot do and how they manage, and are rarely explicit, so affects how they plan, organize, lead and control (see impact of strong culture on managers...)
Term
ethical culture
Definition
1 high in risk tolerance
2 low to moderate aggressiveness
3 focus on means as well as outcomes
(low outcome orientation)
Term
innovative culture characteristics
Definition
1 challenge and involvement
2 freedom
3 trust and openness
4 idea time
5 playfulness, humor
6 conflict resolution (org vs personal)
7 debates (allowed?)
8 risk taking (rewarded?)
Term
parochialism
Definition
viewing the world solely through one's own perspectives, leading to an inability to recognize differences between people
Term
ethnocentric attitude
Definition
the parochialistic belief that the best work approaches and practices are those of the home country
Term
polycentric attitude
Definition
view that the managers in the host country know the best work approaches and practices for running their business
Term
geocentric attitude
Definition
world-oriented view that focuses on using the best approaches and people from around the globe
Term
MNC
Definition
multi-national corporation: any type of international company that maintains operations in multiple countries
Term
multi-domestic corporation
Definition
one type of MNC...decentralizes management and other decisions to the local country...a polycentric attitude
Term
TNC
Definition
or "borderless" organization, eliminates artificial geographical barriers, reflects a geocentric attitude (approaches from around the globe)
Term
GLOBE
Definition
Global Leadership and Organizational Behavioral Effectiveness program...research program that studies cross cultural leadership behaviors, nine dimensions
Term
GLOBE dimensions
Definition
1 assertiveness
2 future orientation
3 gender differentiation
4 uncertainty avoidance
5 power distance
6 individualism/collectivism
7 in-group collectivism
8 performance orientation
9 humane orientation
Term
power distance
Definition
expectation that power will be unequally shared
Term
uncertainty avoidance
Definition
reliance on norms/procedures to alleviate unpredicability
Term
assertiveness
Definition
extent of encouragement to be tough/confrontational/competitive vs. modest and tender
Term
humane orientation
Definition
encouragement/reward for fairness, altruism, generousity,caring, and kindness
Term
future orientation
Definition
encouragement/reward for future-oriented behavior, i.e. investing, delaying gratification, planning
Term
institutional collectivism
Definition
encouragement degree to be integrated into groups
Term
gender differentiation
Definition
maximized gender role differences, measured by how much status and decision-making responsibilities women have
Term
in-group collectivism
Definition
extent to which members take pride in membership in small groups, such as family, circle of close friends, and orgs in which they're employed
Term
performance orientation
Definition
encourage/reward for performance improvement and excellence
Term
types of workplace diversity
Definition
1 age
2 gender
3 race and ethnicity
4 disability/abilities
5 religion
6 GLBT
7 other:SES,diff functional areas,attractiveness,obesity/thinness,
job seniority,intellectual abilities
Term
diversity management initiatives
Definition
1 diversity awareness programs, then
2 diversity skills training...where employees learn specific skills on how to communicate and work effectively in a diverse work environment
3 employee resource groups
4 mentoring
5 top management commitment to diversity
6 laws: Title VII of Civil Rights Act, Americans with Disabilities Act and Age Discrimination in Employment Act
Term
stages of moral development/ethical judgement and intent
Definition
preconventional
a. sticking to rules/avoid punishment
b. following rules/your immed interest
conventional
a. living up to what is expected
b. maintaining conventional order by
fulfilling obligations you made
principled
a. valuing rights of others, upholding
absolute values and rights regardless of majority's opinion
b. following self-chosen ethical principles even if they violate the law
Term
individuals and ethical/unethical
behaviors
Definition
values: basic convictions
personality: ego strength(convictions)
locus of control
(internal: indiv control)
(external: luck or chance)
Term
structural effect on ethical/unethical behaviors
Definition
formal rules and regs (to minimize ambiguity and uncertainty)
goal setting (if not met, may cheat)
performance appraisal(focus on outcome)
reward allocation procedures(close rel)
Term
how managers can encourage/effect ethical behavior
Definition
1 employee selection
2 code of ethics/decision rules
3 lead by example
4 job goals and performance appraisal
5 ethics training
6 independent social audits
7 protective mechanisms
Term
whistle-blowers
Definition
employee who steps forward after witnessing something illegal, immoral or unethical
Term
ways to protect "whistle-blowers"
Definition
1 toll-free ethics hotline
2 culture where bad news can be heard and acted on before it's too late
3 federal legislation: Sarbanes-Oxley offers legal protection, 10 yr jail sentence for manager who retaliates against an employee
Term
calm-water change model
Definition
Lewin: unfreezing, changing, refreezing, then a return to equilibrium as the desired state...change viewed as a "storm" necessary to deal with a disruption...old view of change
Term
white-water change model
Definition
idea that stability and predictability (of the calm-water metaphor)doesn't exist. most managers never get out of the rapids, and face constant change
Term
sources of resistance to change
Definition
1 uncertainty
2 habit
3 concern over personal loss
4 belief that change isn't good idea
Term
overcoming resistance to change
Definition
1 education and communication
2 participation
3 facilitation and support
4 negotiation
5 manipulation and co-optation (covert)
6 coercion (direct threat)
Term
bounded rationality
Definition
decision-making that's rational but limited by an individual's ability to process information
Term
intuitive decision-making
Definition
making decisions on the basis of experience, feelings and accumulated judgement
Term
5 habits of HRO's (highly reliable orgs)
Definition
1 not tricked by success
2 defer to front line experts
3 let unexpected circumstances provide
the solution
4 embrace complexity
5 anticipate, but also anticipate their limits
Term
decision making biases
Definition
overconfidence, immediate gratification, anchoring effect, selective perception, confirmation, framing,availability, representation, randomness, sunk costs, self-serving, hindsight (190-191)
Term
BCG matrix, what is it?
Definition
first portfolio matrix, Boston Consulting Group, framework for understanding diverse businesses and helps managers establish priorities for allocating resources...a 2x2 matrix
Term
BCG matrix, how it's used
Definition
businesses in org analyzed and plotted along two dimensions (low to high)
1 anticipated growth rate
2 market share
cash cows, stars, question marks, dogs
Term
BCG matrix, implications
Definition
dogs: (low growth, low mkt share)
should be sold off or liquidated
cash cows:(low growth,high mkt share)
milk them, limit investment in them
stars:(high growth,high mkt share)
invest in them, will eventually become cash cows as their market matures
question marks:(high growth,low mkt sh)
invest if strong potential for more mkt
Term
growth strategy (3)
Definition
concentration
vertical or horizontal integration
diversification
Term
concentration
Definition
focus on primary line of business, and increase number of products or markets served in this business
Term
vertical integration
Definition
backward or forward
backward vertical: org becomes its own supplier to control its inputs
forward vertical: org becomes its own distributor to control outputs
Term
horizontal integration
Definition
company grows by combining with competitors
Term
diversification
Definition
company grows by combining with different but related industries
Term
Porter's Five Forces Model
Definition
1 threat of new entrants
2 threat of substitutes
3 bargaining power of buyers
4 bargaining power of suppliers
5 current rivalry, how intense is it
Term
concept of SWOT analysis
Definition
internal analysis of strengths and weaknesses
external analysis of opportunities and threats
Term
identifying and selecting competent employees, tasks
Definition
1 human resource planning
2 recruitment and decruitment
3 selection
Term
human resource planning
Definition
ensuring that the org has the right number and kinds of capable people in the right places and at the right time
Term
recruitment
Definition
locating, identifying, and attracting capable applicants
Term
decruitment
Definition
reducing an organization's workforce
Term
selection
Definition
screening job applicants to ensure that the most appropriate candidates are hired (see slides 12-14 and 17-19 Chapter 12)
Term
sexual harassment
Definition
any unwanted action or activity of a sexual nature that explicitly or implicitly affects an individual's employment, performance, or work environment
Term
managers and sexual harassment, need-to-know
Definition
1 be aware of what it is, including hostile work environment
2 educate employees on it
3 ensure no retaliatory actions taken
4 policy in place for workplace romances
Term
critical success factors, interviewing
Definition
research
rehearse
relax
relate
Term
interview success factor; relax
Definition
1 arrive 5-10 minutes early
2 interview starts when you enter building
3 sleep/eat for stamina
4 bring what you'll need
5 dress for success
6 handshake protocol
7 establish rapport
8 empathetic body language
9 mirror the interviewer
10 stay positive (enthusiasm, tolerance, teamwork, assertiveness, confidence, initiative, internal locus of control)
11 STAR (situation/task, action, result)
Term
5 stages of group development
Definition
1 forming
2 storming
3 norming
4 performing
5 adjourning
Term
forming stage of group development
Definition
2 stages: joining, defining (group's purpose, structure, leadership)
Term
storming stage of group development
Definition
intragroup conflict in this stage
Term
norming stage of group development
Definition
group becomes cohesive
Term
performing stage of group development
Definition
working on group task
Term
adjourning stage of group development
Definition
final task, in temporary group...group prepares to disband
Term
groupthink
Definition
"dark side of conformity" where norm for consensus overrides realistic appraisal of alternatives
Term
MBTI
Definition
Meyers-Briggs Type Indicator
an approach to classifying personality traits, individuals are classified as exhibiting a preference in four categories
Term
MBTI categories
Definition
extraversion (E)/introversion (I)
sensing (S)/intuition (N)
thinking (T)/feeling (F)
judging (J)/perceiving (P)
see detailed description on slide Ch 14
Term
additional personality insights (2)
Definition
locus of control (internal or external)
self-esteem (high or low)
Term
The Big 5 Model (of personality)
Definition
1 extraversion
2 agreeableness
3 conscientiousness
4 emotional stability
5 openness to experience
Term
shortcuts used in judging others
Definition
assumed similarity
stereotyping
halo/horn effect
Term
barriers to effective interpersonal communication
Definition
1 filtering
2 emotions
3 information overload
4 defensiveness
5 language
6 national culture
Term
how to overcome barriers to effective interpersonal communication
Definition
1 use feedback
2 simplify language
3 listen actively
4 constrain emotions
5 watch nonverbal cues
Term
management implications of the
"grapevine"
Definition
(the informal organizational communication network...)
1 it is possible to analyze
2 what info is being passed
3 how info seems to flow
4 what individuals are key conduits
5 use to id issues of concern to empl.
6 use to disseminate info
7 should be "managed" as important
Term
importance of knowledge management
Definition
legal and security issues, lack of personal interaction,
Term
ways for organizations to manage knowledge
Definition
online information databases that employees can access to share their knowledge with each other, and creating communities of practice as a type of internal collaboration
Term
McClelland's 3 Needs Theory
Definition
1 need for achievement (nAch)
2 need for power (nPow)
3 need for affiliation (nAff)
Term
Goal Setting Theory (in relation to employee performance)
Definition
overall conclusion is that the intention to work toward hard and specific goals is a powerful motivating force, and can lead to higher performance...3 requirements
1 individual commitment to goal
2 self-efficacy, belief in capability
3 national culture (works w/ Americans)
Term
equity theory, motivation implications
Definition
because of effects of equity theory on employee satisfaction, commitment, trust in his/her boss and intentions to quit...managers should openly share how allocation decisions are made, follow consistent,unbiased procedures, and engage in similar practices to increase the perception of procedural justice. This increases positive view of bosses and org, even if dissatisfied with pay, promotions or other personal outcomes
Term
Job Characteristics Model (JCM)
Definition
1 skill variety
2 task identity
3 task significance
4 autonomy
5 feedback
Term
Path-Goal theory
Definition
states that 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 organization
Term
5 sources of a leader's power
Definition
1 legitimate power
2 coercive power
3 reward power
4 expert power
5 referent power
Term
control, what is it?
Definition
process of monitoring, comparing, correcting work performance
Term
control, why is it important?
Definition
1. planning can be done, an organizational structure to facilitate efficient achievement of goals and employees motivated through effective leadership
2 employee empowerment
3 to protect the organization and its assets
Term
feedforward control
Definition
(most desirable type of control)
prevents problems because it takes place before an actual activity; example: scheduled preventative maintenance on aircraft...key is to take managerial action BEFORE a problem occurs
Term
concurrent control
Definition
takes place while a work activity is in progress...best known form is direct supervision, or "management by walking around" which is when a manager is in the work area interacting directly with employees...helps in correcting problems before they become too costly
Term
feedback control
Definition
(most popular type of control)which takes place after the activity is done, and has two advantages...
1. gives managers meaningful information on how effective their planning efforts were
2 feedback can enhance motivation, as people want to see how well they're doing
Term
balanced scorecards, use in controlling
Definition
a way to evaluate organizational performance from more than just a financial perspective, looks at four areas that contribute to a companies performance
1. financial
2. customer
3. internal processes
4. people/innovation/growth assets
Managers should develop goals in each of the four areas and then measure whether the goals are being met
Term
Workplace Survival (Ch 1)
What can bosses do to avoid bad workers?
Definition
1. Hire the right employees (know what you need,recruit well,evaluate for maximum info)
2 be aware of employees behavior through direct observation and second-hand reports
3 reinforce expectations constantly
4 take action with bad workers promptly
5 provide feedback to employees
6 if employee doesn't correct, assist the exit
7 provide remedial training
Term
The World is Flat (Ch 5)
How do knowledge management systems help companies respond to the "triple convergence" and succeed in a flat world?
Definition
Knowledge management systems help companies:
1 take advantage of tools for collaboration
2 collaborate to succeed
3 effective intellectual property protection
4
Term
Who Moved My Cheese? (Ch 6)
Why is Sniff and Scurry's response a better way to deal with change?
Definition
they took a proactive approach, and rather than focus on unfairness or entitlement, they changed when the situation changed and didn't let fear of the unknown paralyze them into inaction
3 important lessons:
1. the biggest thing blocking change is yourself
2. things don't improve until you change yourself
3. there is always "new cheese" out there, whether you believe it or not
Term
Blink! (Ch 7)
What are the typical problems associated with rapid cognition?
Definition
1. relevant information may be difficult to decipher quickly
2. individuals may be slow to react due to interpretation problems
3. snap judgements can overlook important information
Term
Bad Leadership (Ch 16)
What do leaders gain from being reflective (why is this recommended in the leadership self help section)?
Definition
"Be reflective and develop self-knowledge, self-control, and good habits through quiet contemplation."
As leaders, the insight necessary to examine shortcomings has to be sought out, since followers will not be in a position to identify and articulate what changes may be helpful or necessary.
Term
Responsible Restructuring (Ch 18)
What are the alternatives to downsizing (approaches followed by responsible restructurers)?
Definition
1 flatten hierarchal structures
2 create an empowered, team-oriented work environment
3 seek labor-management partnerships
4 share information
5 make extensive use of training
6 demonstrate a culture of continuous learning
7 link compensation to performance and skills
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