Mgt2 - Study guides, Class notes & Summaries

Quiz Score: 20 out of 20 Question 1 Netflix focuses on innovation and high individual employee performance. Netflix pursues a differentiation strategy and employees have a significant portion of their pay at risk.! False Question 2 Group incentives are not at risk because the synergy of a group ensures productivity.! False Question 3 Individual incentives have the potential to destroy cooperation among employees. True Question 4 Which of the follow

1.1:Defenitions Boundless Management – Defining Leadership: After reading this article I feel I am both a leader and manager. I love to challenge people, inspire and encourage others to try new things. If they fail, try again. To be a good leader you have to have some manager skills to accomplish goals. Julian Birkinshaw’s – The M-word: Yes, the difference in management and leadership is clear to me. Management is when you accomplish a goal or objective using resources efficiently and...

What is Strategic management? - process to formulate and implement a strategy. What is a strategy? - A set of goal directed actions a firm takes to gain and sustain a competitve advantage. Elements of a good strategy (Analysis) - diagnosis of the competitive advantage Elements of a good strategy (Formulation) - guiding policy to adress competitive advantage Elements of a good strategy (Implementation) - a set of coherent actions to implement the firm's guiding policy What is competitive...

4 stages of innovation - Idea Invention Patent Innovation Entrepreneurs-to drive out the product 5 stages of Industry life cycle - introduction growth shakeout maturity decline 5 stages of Industry life cycle: Introduction - barrier to entry is high (few firms in this phase)

Question 1 Which of the following is not an unfair labor practice for management? Fining or expelling union members from the union for filing unfair labor charges with the NLRB. Question 2 Labor unions are compatible with organizations that emphasize an external labor strategy. False Question 3 Which characteristics of work design are not compatible with the Bargain Laborer HR strategy? Autonomy is high and employees are encouraged to improve work processes. Question 4 Which of the ...

What is Leadership? Leading is when you have a shared vision or goal to work towards and have the opportunity to inspire others with the efforts and dedication of an entire team. A leader knows how to motivate their team and others by communication, listening, letting them ask questions, and understanding their needs. Not just giving and taking orders but creating a welcoming environment for your team. A team needs support. Good leaders will set the bar high to bring the best out of their ...

Make or Buy (on exam as essay): - - costs in house < costs in market "make" - costs in market < costs in house "buy" Five reasons for alliance formation - Five reasons for alliance formation: 1.Strengthen competitive position 2.Enter new markets 3.Hedge against uncertainty 4.Access critical complementary resources 5.Learn new capabilities merger - the amalgamation of two companies to form a new company. This requires agreement by the shareholders of the two companies who then ...

MGT202 Final ______ are responsible for major departments and may supervise other lower-level managers. - Answer- middle managers Identity and self-esteem can rarely be found in the workplace. - Answer- False Which of the following occupation shows the fastest growth rate in ? - Answer- solar photovoltaic installers A general level of management is considered by all but one of the following: - Answer- system management Work serves all of these functions EXCEPT: - Answer- a source ...

Final Exam Self-Reflection This study source was downloaded by from CourseH on 01-27-2023 03:31:12 GMT -06:00 P a g e | 2 What is Leadership? Leading is when you have a shared vision or goal to work towards and have the opportunity to inspire others with the efforts and dedication of an entire team. A leader knows how to motivate their team and others by communication, listening, letting them ask questions, and understanding their needs. Not just giving and taking orders but creating a ...