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MAN 320F Exam 3 – UT Questions and Answers
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MAN 320F Exam 3 – UT Questions and Answers
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MAN 320F Exam 3 – UT Questions and Answersentrepreneurship - Answer -process of recognizing opportunities for new venture creation or new value creation, deciding to exploit these opportunities, and exploiting the opportunities by the way of new venture creation or new value creation for realization of some desired value
entrepreneur - Answer -someone who organizes and operates a business or businesses taking on greater than normal financial risks in order to do so
intraprenuer - Answer -someone working inside an existing organization who sees an opportunity for a product or service and mobilizes the organizations resources to realize
the idea
self employment - Answer -a way of working for yourself "as a freelancer or the owner of
a business rather than for an employer"
social entreprenuership - Answer -consists of improvising systems, devising new approaches, grasping opportunities others miss and generating solutions to change society for the better.
Characteristics of entrepreneurs - Answer -- risk propensity
- generalized self efficacy
- need to achieve
- need for autonomy
- big 5 personality dimensions
- tolerance for ambiguity
- proactivity and work ethic
- internal locus of control
- innovative/creative ability
- positive intentions and attitudes
start up - Answer -a newly created company designed to grow fast
patents - Answer -licenses that give an inventor the exclusive right to make, use, or sell an invention for a set period of time Article: 6 habits of merely effective negotiators - Answer -Mistake 1: Neglecting the other side's problems
Mistake 2: letting price bulldoze other interests
Mistake 3: letting positions drive out interests
Mistake 4: Searching too hard for common ground
Mistake 5: neglecting BATNA (best alternative to negotiated agreement)
Mistake 6: failing to correct for skewed vision
Diversity - Answer -represents all the ways people are unlike and alike - the differences and similarities in age, gender, race, religion, ethnicity, sexual orientation, capabilities, &
socioeconomic background
Internal Dimensions of Diversity - Answer -human differences that exert a powerful, sustained effect throughout every stage of our lives: gender, age, ethnicity, race, sexual orientation & physical abilities. (also known as primary dimensions of diversity)
External Dimensions of Diversity - Answer -include an element of choice: they consist of
the personal characteristics that people acquire, discard, or modify throughout their lives: educational background, marital status, parental status, religion, income, geographic location, work experience, recreational habits, appearance, and personal habits (secondary dimensions of diversity b/c we have a greater ability to influence or control them)
Organizaiotnal dimensions - Answer -include management status, union affiliation, work
location, seniority, work content, & division or department
Age trend: more older people in the workforce - Answer -"unretirement" is becoming more common
Gender trend: more women working - Answer -the pay gap between men and women still exist
Race & Ethnicity Trend: More people of color in the workforce - Answer -tokenism- the practice of doing something symbolic to prevent criticism and give the
American with Disabilities Act - Answer -prohibited discrimination against people with disabilities and requires organizations to reasonably accommodate an individuals disabilities
Barriers to Diversity - Answer -1. stereotypes & Prejudices
2. Fear of Discrimination against Majority Group Members 3. Resistance to Diversity Program Priorities
4. A Negative Diversity Climate 5. lack of Support For Family Demands 6. A Hostile work Environment for Diverse Employees
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