Mgmt 309 Study guides, Class notes & Summaries

MGMT 309 Exam 1 - Questions and Answers Paul and Bobby want to start a construction company. After being in business a few months, they guess that the most efficient way to demolish walls is for Paul to break them up and tear them off and for Bobby to haul away the debris. Which of the following management theorists would be most helpful to these entrepreneurs? a. Henry Gantt b. Frederick Taylor c. Frank Gilbreth d. Harrington Emerson e. Max Weber Henri Fayol, a French industrialist, was the f...

MGMT 309 Exam 4 - Questions and Answers Which of the following is true of legitimate power? a. It is present for all managers over their subordinates. b. Its mere possession makes a person a leader. c. It is given to an organization by its employees. d. It is passed down hierarchically and is not acquired otherwise. Stanley is a professor of anthropology with years of teaching and research experience. He has also written a few highly acclaimed books. Stanley is offered a job as director of a l...

MGMT 309 Exam 2 - Questions and Answers Scope Specifies the range of markets in which an organization will compete Resource Deployment How a firm distributes its resources across the areas in which it competes Levels of Strategy Business-level strategy Corporate-level strategy Business-level Strategy The set of strategic alternatives from which an organization chooses as it conducts business in a particular industry or market Corporate-level Strategy The set of strategic alternatives from which...

MGMT 309 Exam 3 - Questions and Answers Colin's Crib, a local pizza shop, sells pizza to customers who visit the store. Recently, it introduces home delivery for its customers. This is an example of a _____. a. product innovation b. technical innovation c. radical innovation d. process innovation An example of an internal force that drives an organization toward change is: a. suppliers offering new product lines. b. a change in prices of competitors' products. c. workers' demand for a change...

MGMT 309 Final Exam - Questions and Answers Corporate-Level Strategies Set of strategic alternatives organization chooses from while it manages operations simultaneously across several industries or markets. Diversification Strategy Part of Corporate-Level Strategies and refers to the number of businesses an organization engages in and extent of relatedness in businesses A. Single- Product Strategy: Only having one product and sells in one geographic market B. Related Diversification: Organiz...

Which List of Steps Reflects the Best Order for the Planning Process? - ANSWER ☑☑1. Understand the environment 2. Establish the organization's mission 3. Set strategic goals 4. Design strategic plans 5. Set tactical goals 6. Design tactical plans 7. Set operational goals 8. Design operational plans Who Sets Strategic Goals? Who Sets Tactical Goals? Who Sets Operational Goals? - ANSWER ☑☑President/CEO - Top Management Middle Managers Lower-level Managers In the Plannin...

MGMT 309 - Chapter 5 Exam Questions With 100% Correct Answers 2020/2025 Which of the following terms refers to the process by which two or more parties meet to try to reach an agreement regarding conflicting interests? negotiation Which of the following is most likely to be a reason for ineffective international business negotiations? differences in cultural values and problem-solving techniques For long-term positive relations, the goal of negotiation should most likely be to _____...

MGMT 309 - Exam 1 CH 1-5 correctly answered to pass 2023 updatedOrganization - correct answer - a group of people working together in a structured and coordinated fashion to achieve a set of goals goals: profit, knowledge, national defense, social satisfaction, etc Organizational Resources - correct answer - Human, Financial, Physical, and Informative Resources Human Resources - correct answer - managerial talent and labor EX: Drilling platform workers, corporate executives, faculty, a...

MGMT 309 - Chapter 5 Exam Questions With 100% Correct Answers 2020/2025 Which of the following terms refers to the process by which two or more parties meet to try to reach an agreement regarding conflicting interests? - answernegotiation Which of the following is most likely to be a reason for ineffective international business negotiations? - answerdifferences in cultural values and problem-solving techniques For long-term positive relations, the goal of negotiation should most likely be...

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