How Business operate
V
U
C
A correct answers Volatility
Uncertainty
Complexity
Ambiguity
In management, after you find your strategy, what is the second most important thing correct answers developing and aligning the organizational components
what are some organizational compone...
MGMT 310 chapter 1 – 6 || very Flawless.
How Business operate
V
U
C
A correct answers Volatility
Uncertainty
Complexity
Ambiguity
In management, after you find your strategy, what is the second most important thing correct
answers developing and aligning the organizational components
what are some organizational components correct answers performance
HR Practice
Culture
Organizational design
Define Organization correct answers A group of people who work together to achieve a common
goal or perspective
How is it possible to coordinate and motivate people to work together correct answers Effective
leadership
TF
Leaders must know who they are and what gets them to effectively motivate and influence others
correct answers True
The interplay of strategy , organizational design , and individual leadership provides context can
directly impact -- correct answers a firms strategic opportunities and individual management
define management correct answers the act of working with and through a group of people to
accomplish a desired goal or objective in an efficient and effective manner
management or leadership
- organize and staff
- plan and budget
- control and problem solve correct answers Management
,define leadership correct answers the ability to drive change and innovation through inspiration
and motivation
management or leadership
- set direction
- Align people
- motivate and inspire correct answers Leadership
For an organization to be successful, where do managers and leaders need to be developed
correct answers developed at all levels of a firm
TF
Organizations often evolve based on input of people who are several levels below CEO correct
answers False
TF
The skills required for success can be different depending on someones level and responsibilities
within the organization correct answers True
What did max weber create correct answers The bureaucratic organization
what is the bureaucratic organization structure correct answers Created by Max Weber , its when
tasks and responsibilities have a clear differentiation among workers
there's coordination through a strict hierarchy of authority, decision rights, rules, and procedures
vertical separation of planning and execution so that plans are made in the upper ranks and
executed in the lower ranks
What organizational structure has coordination through a strict hierarchy of authority, decision
rights, rules, and procedures correct answers bureaucratic organization structure
TF
Max's basic tenants of the bureaucratic organization structure are still used today correct answers
true
What method Did Frederick bring correct answers Scientific Management
what is scientific management correct answers A focus on how jobs, work, and incentive
schemes could be designed to improve productivity using industrial engineering methods
What did Frederick Taylor want to improve correct answers Productivity
, What does the human relations movement emphasize correct answers the role of people and
social networks at work
Define the Human relations movement correct answers belief that organizations must be
understood as systems of interdependent people who all care about the survival and functioning
of the firm
T/F
organizations don't differ depending on if they were designed to stable or innovative tasks correct
answers False
T/F
Organizations should fit contextual factors to preform effectively correct answers True
Define business environment correct answers The combination of all contextual forces and
elements in the external and internal environments of a firm.
define managerial view correct answers business framework where the firm is seen as a
mechanism for converting raw materials into products to sell
What is the key Focus of managerial view correct answers Production
What is the key Focus of shareholder view correct answers financial performance
What is the key Focus of stakeholder view correct answers serving multiple constituencies
up until the 60's , shareholders didn't have as much power
mutual funds had not been developed and corporate takeovers weren't yet popular
what was the result of this correct answers managers didn't face as many threats from
shareholders to improve performance
when shareholders were no longer individuals but institutions with more of a voice
what was the result correct answers managerial focus shifted to the interest of shareholders as the
primary stakeholder for whom they worked
what is the shareholder view of the firm correct answers The job of top managers was to produce
the highest possible stock market valuation of the firms assets
What is something that happened to promote the shareholder view correct answers firms wanted
to seek new growth opportunities by acquiring companies
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