Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Management Midterm
| Term | Definition |
|---|---|
| Management | The process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively |
| Efficient | doing things right( minimal waste of time/money/resources) |
| Effective | doing the right things (achieving goals) |
| PLOC | Planning, Organizing, Leading, controlling |
| Planning | Setting goals and deciding how to achieve them |
| Organizing | arranging tasks, workflows, and resources |
| Leading | Motivating, directing, and inspiring employees |
| Controlling | Monitoring performance and making connections |
| what 3 skills does every manager need | Technical, Human, and conceptual skills |
| Technical skills | Knowledge of specific tasks or technology |
| Human Skills | Ability to work well with people |
| Conceptual skills | Ability to see the "big picture", strategic thinking and planning |
| What are 3 major effects of globalization | Economic integration, Increased competition, cultural exchange |
| economic integration | Countries become more connected through trade and investment |
| increased competition | businesses compete globally, not just locally |
| Cultural exchange | ideas, values, and practices spread worldwide |
| offshoring | moving business processes to another country (often for lower cost) |
| reshoring | brining jobs back to the home country |
| Sourcing | finding suppliers for goods/services (can be domestic or global) |
| Tariff | a tax on imported goods |
| Monochromic Culture | time-focused, one task at a time, strict schedules. |
| what is an example of a monochromic culture | US or Germany |
| Polychronic culture | relationship focused, multitasking common, flexible schedules |
| What is an example of an Polychronic culture | Brazil, Mexico |
| Ecocentrism | belief that the environment should be valued and protected for its own sake |
| Sustainable development | meeting present needs without harming future generations |
| Ethical Dilemma | A situation where you must choose between two right or two wrong options |
| What are moral rights | Respecting Fundamental rights such as Privacy Free Speech Due Process Freedom of choice |
| Justice | Fairness in decision-making |
| Distributive Justice | Fair outcomes |
| Procedural Justice | Fair Process |
| High- Performance Work Practice Characteristics | Employee Involvement, teamwork, continuous training, performance based compensation, information sharing, empowerment |
| How long is long term | 2-5 years |
| is a strategic plan short term or long term | long term |
| is a tactical plan short term or long term | short term |
| what does strategic planning focus on | sets major goals and direction |
| What does tactical plans focus on | focuses on specific departments |
| Operational Plan | Day-to-day activities |
| Planning-Controlling Cycle | 1. set objectives 2. Measure performance 3. compare results to goals 4. take corrective action |
| Creativity | generating new and useful ideas |
| What are some companies that reshored from China | Apple, GE, Ford |
| (effective or efficient) If a company cuts cost but loses customers | efficient but not effective |
| (effective or efficient) If a company hits goals but wastes money | Effective but not efficient |
| (effective or efficient) If a company hits goals and minimizes waste | Both |
| The planning-controlling cycle is | continuous |
| Who was the first one to come up with management by objective | Droker |
| Who is the author of book | Rick Rubin |
Created by:
Orrin_Douglas