MGMT 3000 Lyons Test 1 Review Questions and Answers Graded A 2024
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Course
MGMT 3000
Institution
MGMT 3000
Management - getting work done through others
Organizational Strategy - A corporate-level strategy that addresses the question "What business are we in?" and unites all parts of the organization.
-Recognize threats and opportunities
-Lead and organize resources to effectively compete in the ...
MGMT 3000 Lyons Test 1 Review Questions and
Answers Graded A 2024
Management - getting work done through others
Organizational Strategy - A corporate-level strategy that addresses the question "What
business are we in?" and unites all parts of the organization.
-Recognize threats and opportunities
-Lead and organize resources to effectively compete in the marketplace
-Accurately assessing and effectively responding to your environment is the threshold
task - Understanding of contextual landscapes depends on a firms ability to...
-Strengths
-Weaknesses
-Opportunities
-Threats - What does SWOT analysis stand for?
-low-cost strategy
-differentiation strategy
-focused strategy - What are 3 Generic Strategic Approaches
We are in the industry how are we gonna compete and make money? - What question
does Business-level strategy ask?
MGMT 3000 Lyons Test 1 Review
, MGMT 3000 Lyons Test 1 Review
Do we even want to be in this industry? - What question does corporate-level strategy
ask?
Organizational Design - developing and aligning organizational components to achieve
strategic objectives-- The manner in which a business is aligned and structured to
compete in the changing contextual land scapes
-Top Managers(C-Suite)
-Middle Managers
-First-line Managers
-Team leaders - What are the 4 types of managers?
Top Managers (C-Suite) - What manager monitors the business environment?
Bureaucratic Organization Structure - - proposed by Max Weber
- a clear differentiation of tasks and responsibilities
- coordination through strict hierarchy of authority and decision rights
- standardization of rules and procedures
- vertical separation of planning and execution
Scientific Management - A focus on how jobs, work, and incentive schemes could be
designed to improve productivity using industrial engineering methods.
Human Relations Movement - The belief that organizations must be understood as
systems of interdependent human beings who share a common interest in the survival
and effective functioning of the firm
MGMT 3000 Lyons Test 1 Review
, MGMT 3000 Lyons Test 1 Review
Contingent View - A view of the firm where effective organizational structure is based on
fit or alignment between the organization and various aspects of its environment.
Leadership - Ability to drive change and innovation through inspiration and motivation
Management - Working with and through groups of people to accomplish a desired goal
or objective in an efficient and effective manner.
Leader - The roles of a _____ include: Set Direction, Align People, Motivate and Inspire
Manager - The roles of a _____ include: Plan and Budget, Organize and Staff, Control
and Problem Solve
Leadership Skills - These skills needed differ according to a person's level in the
organization
business environment - the combination of all contextual forces and elements in the
external and internal environments of a firm
- Volatile
- Uncertain
- Complex
- Ambiguous - What does VUCA stand for?
Managerial view - a business framework where the firm is seen as a mechanism for
converting raw materials into products to sell to customers
MGMT 3000 Lyons Test 1 Review
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