MNGT Final Exam 2 - UNL Wesley Questions And Complete Answers.
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Course
MNGT
Institution
MNGT
Mission - Answer the organizations reason for existence
Mission statement - Answer broadly stated definition of purpose that distinguishes the organization from others of a similar type
strategic goals - Answer official goals; broad statements describing where the organization wants ...
MNGT Final Exam 2 - UNL Wesley
Questions And Complete Answers.
Mission - Answer the organizations reason for existence
Mission statement - Answer broadly stated definition of purpose that distinguishes the organization
from others of a similar type
strategic goals - Answer official goals; broad statements describing where the organization wants to be
in the future
Strategic plans - Answer define the action steps by which the company intends to attain strategic goals.
"blueprint" usually long term.
tactical goals - Answer the results that major divisions and departments within the organization intend
to achieve
tactical plans - Answer define what major departments and organizational subunits will do to
implement the organization's strategic plan. tend to be short term
operational goals - Answer specific results expected from departments, work groups, and individuals
operational plans - Answer developed at the lower levels of the organization to specify action plans
toward achieving operational goals and to support tactical plans
strategy maps - Answer visual representations of the key drivers of an organization's success; show
how specific goals and plans in each area are linked.
Management by objectives (MBO) - Answer system whereby managers and employees define goals for
every department, project, and person and use them to monitor subsequent performance
, Management by means (MBM) - Answer new systemic approach that focuses attention on the
methods and processes used to achieve goals
single-use plans - Answer plans developed to achieve objectives that are not likely to be repeated in
the future
standing plans - Answer ongoing plans that provide guidance for tasks or situations that occur
repeatedly within the organization
contingency planning - Answer define company responses to be taken in the case of emergencies,
setbacks, or unexpected conditions
scenario building - Answer forecasting technique that looks at current trends and discontinuities and
visualizes future possibilities
Crisis planning - Answer preparing organization, managers, and employees to cope with catastrophic
events that could destroy the firm
decentralized planning - Answer planning experts work with managers in major divisions or
departments to develop their own goals and plans
stretch goals - Answer reasonable yet highly ambitious goals that are so clear, compelling, and
imaginative that they fire up employees and engender excellence
ethics - Answer code of moral principles and values that governs the behaviors of a person or group
with respect to what is right or wrong
utilitarian approach - Answer moral behavior produces the greatest good for the greatest number
individualism approach - Answer acts are moral if they promote the individual's best long-term
interests
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