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Principles of Management Unit 2 Test Study Guide Solutions

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Principles of Management Unit 2 Test Study Guide Solutions Corporate Social Responsibility - ANSWER-How companies manage the business to produce an overall positive impact on society Objectives - ANSWER-Very precise, time-based, and measurable actions that support the completion of a goal Mea...

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Principles of Management Unit 2 Test

Study Guide Solutions


Corporate Social Responsibility - ANSWER✔✔-How companies manage the business to produce an

overall positive impact on society


Objectives - ANSWER✔✔-Very precise, time-based, and measurable actions that support the completion

of a goal


Measures - ANSWER✔✔-The actual metrics used to gauge performance on objectives


Corporate Social Performance - ANSWER✔✔-How companies reflect their commitments to individuals,

communities, and the natural environment.


Goals - ANSWER✔✔-Outcome statements that define what an organization is trying to accomplish, both

programmatically and organizationally.


Balanced Scorecard - ANSWER✔✔-A framework designed to translate an organizations vision and

mission statements and overall business strategy into specific, quantifiable goals and objectives and to

monitor the organizations performance in terms of achieving these goals


SMART - ANSWER✔✔-a goal that is....


-Specified


-Measurable


-Aggressive

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-Attainable


-Realistic


-Timely


Management by Objectives - ANSWER✔✔-A systematic and organized approach that allows

management to focus on achievable goals and to attain the best possible result from available resources.


Enthusiastic Support - ANSWER✔✔-Defenders of the new way and those who actually encourage others

to give support to the change effort


Functional Structures - ANSWER✔✔-Structures in which jobs are grouped based on similarity in

functions


Matrix Organizations - ANSWER✔✔-Organizations that cross a traditional functional structure with a

product structure. Specifically, employees reporting to department managers are also pooled together to

form project or product teams.


Mechanistic Structures - ANSWER✔✔-Those structures that resemble a bureaucracy and are highly

formalized and centralized.


Formalization - ANSWER✔✔-The extent to which policies, procedures, and job description, and rules are

written and explicitly articulated.


Refreezing - ANSWER✔✔-Ensuring that change becomes permanent and the new habits, rules, or

procedures become the norm.


Tall Structures - ANSWER✔✔-organizations which several layers of management between front line

employees and the top level.



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