Management 301 Exam 1 || All Answers Are Correct 100%.
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Course
Management 301
Institution
Management 301
Smeal Honor Code (3) correct answers 1. we aspire to high ethical standards
2. we will hold each other accountable
3. we will not engage in any improper academic or professional actions
Fortune 500 correct answers largest US companies by total revenue
Levels of management (pyramid) correct ...
Management 301 Exam 1 || All Answers Are Correct 100%.
Smeal Honor Code (3) correct answers 1. we aspire to high ethical standards
2. we will hold each other accountable
3. we will not engage in any improper academic or professional actions
Fortune 500 correct answers largest US companies by total revenue
Levels of management (pyramid) correct answers ceo
senior managers
middle managers
line managers
non managerial workers
Ceos report to BOD or BOT
Inverted pyramid correct answers customers are more important. Managers need to act as a
coach instead of an order giver so that they can give their employees the tools they need to keep
the customers happy.
WL Gore correct answers tries to resist titles
associates self commit to what they want to work on
leaders are chosen by who has followers
BOD vs BOT correct answers BOD are for profit
BOT are for non profit - PSU
Leadership (dancing guy video) correct answers leaders stand alone, embraces followers as
equals
followers - first follower transforms person into a leader
leadership is over glorified. no movement with out first follower
Interpersonal correct answers Mintzberg's Role
reflect interactions with people inside and outside the company
figure head - represents company
leader - person is to task others / leads the company
liaison - connects externally
informational correct answers Mintzberg's Role
focus on the giving, receiving, and analyzing of info
monitor - looking at what everyone else is doing and making decisions
disseminate - this is how were gonna play, spread information widely
spokes person - introducing new technology
example is Steve Jobs and Apple
, decisional roles correct answers Mintzberg's Role
involves using info to make decisions, to solve problems, or address opportunities
negotiator - trying to get into another country
disturbance handler - jump in when theres a problem
resource allocator - determining where the money is spent
entrepreneur -
Elon Musk correct answers Tesla, paypal, space x
example of decisional roles
entrep - gets to a level and than wants to change it
negot - got 5 million dollar battery plant
dist - handling issues
resource - pulled out of paypal to go into cars
Ipad Management process correct answers Planning - setting performance objectives and
deciding how to achieve them
Organizing - arranging tasks, people, and other resources to accomplish the work
Leading - inspiring people to work hard to achieve high performance
Controlling - measuring performance and taking action to ensure desired result
three skills of management correct answers conceptual - strategic planning skill, more important
over time
*human skill - all interactions with other people "DEAD EQUAL"
technical - actually doing something, less important over time
6 management issues correct answers 1. globalization - the world wide interdependence of
resource flows, product markets, and business competition.
2. ethics - violations - code of morals
3. governance - oversight of a company's management by a board of directors
4. knowledge - use their minds and intellects as critical assets to employers. "Whole mind" -
combines high concept and high touch
5. diversity - woman and minorities
6. self management - the ability to understand oneself "personal brand"
glass ceiling effect correct answers an invisible barrier limiting career advancement of woman
and minorities. Example of diversity issues
Historical management correct answers management has existed in all of time
three approaches to management correct answers classical, behavioral, modern
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