Shared Flashcard Set

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Mgt301 Miskin
Exam 1
100
Management
Kindergarten
01/29/2012

Additional Management Flashcards

 


 

Cards

Term
People
Definition
-ultimate foundations of organizational performance
-represent intellectual capital
-indispensable in creating long-term success
Term
Organization
Definition
collection of people working together to achieve a common purpose
Term
system
Definition
a collection of interrelated parts that function together to achieve a common purpose
Term
open system
Definition
interacts with its environment
Term
value-added
Definition
when an organization can add value to the original cost of resource inputs. e.g. earn a profit or add wealth to society
Term
performance effectiveness
Definition
measure of task output or goal accomplishment. direct line to ultimate customer service and satisfaction.
Term
performance efficiency
Definition
measure of resource cost associated with goal accomplishment. measure of outputs realized compared to inputs consumed.
Term
total quality management (TQM)
Definition
managing with an organization-wide commitment to... continuous improvement and completely meeting customers' needs
Term
Trends (the new workplace)
Definition
Command and control is out.
Information technology is in.
Teams are in.
Empowerment is in.
New worker expectations are in.
Term
manager
Definition
someone in the workplace who is responsible for the performance of one or more employees. helps organization achieve high performance by utilizing human and material resources.
Term
management (process)
Definition
planning, organizing, leading, controlling
Term
top managers
Definition
ensure that major performance objectives are established and accomplished in accordance with organization's purpose. responsible for the performance of an organization as a whole or one of its significant parts. (COO, president)
Term
middle managers
Definition
report to top managers. in charge of relatively larger departments or divisions. implement complex projects that require the participation of persons form different parts of organizations. (plant managers, division managers, etc.)
Term
team leader or supervisor
Definition
in charger of smaller work unity composed of non-managerial workers. ensure that their work team or unit meet performance objectives that are consistent with plans of middle and top management. (team leader, supervisor, department head)
Term
quality of work life (QWL)
Definition
an indicator of overall quality of human experience. fair pay, safe working conditions, opportunities to learn and use new skills, room to grow and progress in career, protection of individual rights, pride in work itself and in the organization.
Term
valuing diversity
Definition
describes demographic differences among members of the workforce
Term
prejudice (diversity barriers)
Definition
negative irrational attitudes towards members of minority groups
Term
discrimination (diversity barriers)
Definition
denying members of minority groups full benefits of organizational membership
Term
glass ceiling effect (diversity barriers)
Definition
existence of an invisible barrier that prevents women and minority workers from rising above a certain level of organizational responsibility
Term
planning (functions of management)
Definition
setting performance objectives and determining what actions should be taken to accomplish them
Term
organizing (functions of management)
Definition
process of assigning tasks, allocating resources and arranging the coordinated activities of individuals and groups to implement plans
Term
leading (functions of management)
Definition
the process of arousing people'e enthusiasm to work hard and direct their efforts to fulfill plans and accomplish objectives
Term
controlling (functions of management)
Definition
the process of measuring work performance, comparing results to objectives and taking corrective action as needed
Term
interpersonal roles
Definition
interactions with persons inside and outside the work unit
Term
information roles
Definition
involve the giving, receiving and analyzing of information
Term
decisional roles
Definition
involve using information to make decisions to solve problems or address opportunities
Term
managers work...
Definition
-long hours
-at an intense pace
-at fragmented and varied tasks
-largely through interpersonal relationships
Term
agenda setting (managerial)
Definition
-develop action priorities for their jobs
-include goals and plans that span long and short time frames
-general in the beginning but become more specific
Term
networking (managerial)
Definition
process of building and maintaining positive relationships with people
Term
skill
Definition
ability to translate knowledge into action that results in desired performance
Term
technical (skill)
Definition
special proficiency or expertise
Term
human (skill)
Definition
work well with others
Term
conceptual (skill)
Definition
ability to view situation broadly and to solve problems
Term
managerial competency
Definition
skill or personal characteristic that contributes to high performance in a management job. (includes the management process and the manager's roles)
Term
competitive advantage
Definition
utilization of a core competency that clearly sets an organization apart from its competitors and gives it advantage over them in the marketplace
Term
competitive advantage can be achieved through...
Definition
-products
-pricing
-customer service
-cost efficiency
-quality
Term
the general environment
Definition
all of the background conditions of the organization
Term
the general environment (components)
Definition
-economic
-social-cultural
-legal-political
-technological
-natural environment
Term
the specific environment
Definition
actual organizations, groups, persons with whom an organization must interact in order to survive and prosper
Term
the specific environment (components)
Definition
stakeholders (customers, suppliers, competitors, regulators)
Term
characteristics of multicultural organizations
Definition
-pluralism
-structural integration
-information network integration
-absence of prejudice and discrimination
-minimum intergroup conflict
Term
organizational subcultures
Definition
cultures based on shared work responsibilities and/or personal characteristics
Term
common types of subcultures
Definition
-occupational
-functional
-ethnic
-racial
-generational
-gender
Term
benefit of diversity in a multicultural organization
Definition
can be a source of competitive advantage
Term
diversity leadership approaches
Definition
-affirmative action
-valuing diversity
-managing diversity
Term
personal challenge of managing diversity
Definition
accepting the goal of diversity maturity
Term
organizational challenge of managing diversity
Definition
-changing organizational culture
-changing organizational mission practices
Term
operations (management)
Definition
activities and decisions through which organizations transform resource inputs into product outputs (product output can be goods or services)
Term
customer and quality operations
Definition
International Standards Organizations (ISO), Geneva, Switzerland
Term
ISO 9000
Definition
provides customers with assurance that a set of solid quality standards and processes are in place. increasingly necessary to compete internationally.
Term
Malcolm Baldridge National Quality Award
Definition
established in the US. benchmark of excellence in quality achievements.
Term
Malcolm Baldridge National Quality Award (criteria)
Definition
-quality values are incorporated into day-to-day management -workers are trained in quality techniques -products are as good as or better than its competitor
Term
continuous improvement
Definition
always looking for new ways to improve upon current performance
Term
information
Definition
data made useful for decision making (intelligence and public)
Term
information systems and networks
Definition
technology to collect, organize, and distribute data in such a way that they become meaningful as information
Term
management information systems (MIS)
Definition
specifically designed to use IT to meet the information needs of managers in daily decision-making
Term
Chief Information Officer (CIO)
Definition
oversees all aspects of computer, information and telecommunications systems. central role in strategic decision-making.
Term
intranets
Definition
networks of computers that use special software to allow persons working in various locations of the same organization to share databases and communicate electronically
Term
enterprisewide networks
Definition
move information quickly and accurately from one point to another within an organiztion
Term
Extranets
Definition
networks that use the public Internet to allow communication between the organization and elements in its external environment
Term
electronic data interchange (EDI)
Definition
allows companies to communicate electronically with one another
Term
learning organization
Definition
-a company that is able to continuously change and improve based on the lessons of experience
-able to change due to the people, values, and systems
Term
organizational learning
Definition
-mental models
-personal mastery
-systems thinking
-shared vision
-team learning
Term
knowledge management
Definition
processes through which organizations develop, organize and share knowledge to achieve competitive advantage
Term
Chief Knowledge Officer (CKO)
Definition
-energizes learning processes
-manages organizations intellectual assets
Term
European Union (EU)
Definition
grouping of European countries who agreed to support mutual economic growth. 11 of these countries have adopted the Euro (common currency)
Term
North American Free Trade Agreement (NAFTA)
Definition
agreement for free flow of goods and services between the US, Canada, and Mexico.
Term
Other North American Trade agreements
Definition
-MERCOSUR
-Andrean Pact
-CARICOM
Term
Maquiladoras
Definition
foreign manufacturing plants allowed to operate in Mexico. allowed special privileges in exchange for hiring Mexican labor (import materials, components and equipment with duty paid on "value added")
Term
Maquiladoras (advantages & disadvantages)
Definition
advantages- increased employment and prosperity.
disadvantages- social costs in border towns. exploitation of less expensive Mexican labor.
Term
Asia and the Pacific Rim
Definition
-Asia and Pacific Rim economies are expected to be larger than those of the EU
-China is the world's largest single-country marketplace
-Japanese companies account for many Fortune 500 companies
Term
Africa
Definition
-beckons international business
-increased attention to stable countries
Term
Global Sourcing
Definition
manufacturing and/or purchasing components worldwide and assembling them into a final product
Term
exporting
Definition
selling locally made products in foreign markets
Term
importing
Definition
buying foreign made products and selling them in domestic markets
Term
licensing agreement
Definition
-pay a fee to acquire the rights to sell another company's products
-franchising is a form of licensing
Term
direct investment strategies
Definition
-joint ventures
-strategic alliances
-wholly owned subsidary
Term
Multinational Corporation (MNC)
Definition
business with extensive international operations in more than one country
Term
advantages of MNCs
Definition
-larger tax bases
-increased employment opportunities
-technology transfers
-introduction of new industries
-development of local resources
Term
disadvantages of MNCs
Definition
-extract excessive profits
-dominate local economy
-do not respect local customs and laws
-fail to help domestic firms develop
-do not transfer most advanced technology
Term
Ethical issues in multinational operations
Definition
-foreign corrupt practices act
-sweatshops
-environmental protection
Term
culture
Definition
shared set of beliefs, values and patterns of behavior common to a group of people
Term
ethnocentrism
Definition
tendency to view one's own culture as superior to others
Term
culture shock
Definition
discomfort a person feels in an unfamiliar culture
Term
low-context spoken language
Definition
explicit spoken or written word (examples- US, Germany)
Term
high-context spoken language
Definition
words convey only part of the message (examples- middle east, Asia)
Term
Use of Space (proxemics)
Definition
interpersonal distance used in communication (Latin Americans tend to be close and Americans value more space)
Term
Monochronic (time orientation)
Definition
time is allotted to do one thing at a time
Term
polychronic (time orientation)
Definition
time is allotted to do many things at once
Term
religion
Definition
-may influence business practices
-source of ethical and moral teaching
Term
role of contracts
Definition
-some cultures view as final and binding
-others view as a starting point
-some expect contracts to be written
-others accept "word" as binding
Term
values and national cultures (Hofstede)
Definition
-power distance
-uncertainty avoidance
-individualism-collectivism
-masculinity-femininity
-short-term - long-term orientaion
Term
relationships with people (understanding cultural differences)
Definition
-universalism v. particularism
-individualism v. collectivism
-neutral v. affective
-specific v. diffuse
-achievement v. prescription
Term
attitudes toward time (understanding cultural differences)
Definition
-sequential (one thing at a time)
-synchronic (many things at once)
Term
attitudes towards environment (understanding cultural differences)
Definition
-inter-directed (people have a mechanistic view of nature; nature is complex but can be controlled with the right expertise)
-outer-directed ( people have an organic view of nature. Mankind is viewed as one of nature’s forces and should therefore live in harmony with the environment)
Term
comparative management
Definition
how management systematically differs from country and/or culture to the next
Term
global manager
Definition
-someone comfortable with cultural diversity
-quick to find opportunity in unfamiliar settings
Term
US management theories
Definition
tend to be ethnocentric. emphasis on participation and individual performance are not applicable to other cultures
Term
Japanese management theories
Definition
-lifetime employment
-job rotation and broad career experience
-shared information
-collective decision-making
-quality emphasis

These practices are not easy to translate
Term
Global Organizational learning
Definition
cultural awareness facilitates more informed transfers of management practices
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