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Management 220 Exam2

QuestionAnswer
organizational culture values, beliefs, customers, and attributes that help the members of the organization
observable culture physically seen, the looks of the organization
core cultural your internal beliefs, who you or the people you work with are
value based management communicates and inacts a organizations core beliefs
boomers older age, 40% still working
gen-x generation younger than boomers
millinials generation younger than boomers and gen-x. started growing up with technology
gen-z lots of technology, not as good personal skills and youngest generation
double blood dillema Example: when man in a woman dominated work force is bossy it looks rude or when to nice it looks like a pushover.
leaking pipeline how the properties of women minorities decrease at each level
glass ceiling invisible barriers that pervant qualified woman and minors from advancing to top leadership
Ethnocentrism The belief that one subculture is superior to all others
multicultalism involves pluralism and respect for diversity
Strategic management way of approaching business opportunities and challenges
corporate strategy highest level of strategy-making, set of strategic alternatives that an organization chooses
business level strategy middle level of strategy-making, how the organization conducts business in a industry
functional level strategy lowest level of strategy making, the strategy developed for specific functional areas such as marketing, finance, and so forth.
attractive market few competitors, high barriers of entry, few substitutes
related diversification when an organization operates several businesses that are linked to one another
unrelated diversification when an organization operates several businesses that are NOT associated
marketing share gaining a specific share of possible customers
BCG matrix helps you visualize your portfolio of business - Boston consulting group INC.
BCG matrix - Grow the stars High relative market share, high growth rate. (best on BCG matrix)
BCG matrix - Milk the cash cows High relative market share, low growth rate
BCG matrix - grow or retrench the Question Mark Low market share, high growth rate
BCG matrix - retrench the Dogs low relative market share, low growth rate (worst on BCG matrix)
Retrench get rid of or sell off
groupthink where people tend to conform with group decisions to avoid feeling outcast
Created by: SWiedeman
 

 



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