BUS230 - Test #1 Study Flashcards

1
Q

getting work done through others

A

management

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2
Q

getting work down with a minimum of effort, expense, or waste

A

efficiency

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3
Q

accomplishing tasks that help fulfill organizational objectives

A

effectiveness

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4
Q

5 Managerial Functions to be Successful:

A

Planning, Organizing, Coordinating, Commanding, and Controlling

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5
Q

determining organizational goals and a means for achieving them

A

planning

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6
Q

deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom

A

organizing

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7
Q

inspiring and motivating workers to work hard to achieve organizational goals

A

leading

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8
Q

monitoring progress toward goal achievement and taking corrective action when needed

A

controlling

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9
Q

executives responsible for the overall direction of the organization

A

top managers

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10
Q

responsible for setting objectives consistent with top management’s goals and for planning and implementing subunit strategies for achieving these objectives

A

middle managers

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11
Q

responsible for training and supervising the performance of nonmanagerial employees who are directly responsible for producing the company’s products or services

A

first-line managers

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12
Q

managers responsible for facilitating team activities toward goal accomplishment

A

team leaders

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13
Q

the interpersonal role managers play when they perform ceremonial duties

A

figurehead role

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14
Q

the interpersonal role managers play when they motivate and encourage workers to accomplish organizational objectives

A

leader role

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15
Q

the interpersonal role managers play when they deal with people outside their units

A

liaison role

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16
Q

the informational role managers play when they scan their environment for information

A

monitor role

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17
Q

the informational role managers play when they share information with others in their departments or companies

A

disseminator role

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18
Q

the informational role managers play when they share information with people outside their departments or companies

A

spokesperson role

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19
Q

the decisional role managers play when they adapt themselves, their subordinates, and their units to change

A

entrepreneur role

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20
Q

the decisional role managers play when they respond to severe pressures and problems that demand immediate action

A

disturbance handler role

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21
Q

the decisional role managers play when they decide who gets what resources and in what amounts

A

resource allocator role

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22
Q

the decisional role managers play when they negotiate schedules, projects, goals, outcomes, resources, and employee raises

A

negotiator role

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23
Q

4 types of management skills

A

technical, human, conceptual, and motivation to manage

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24
Q

the specialized procedures, techniques, and knowledge required to get the job done

A

technical skills

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25
Q

the ability to work well with others

A

human skills

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26
Q

the ability to see the organization as a whole, understand how the different parts affect each other, and recognize how the company fits into or is affected by its environment

A

conceptual skills

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27
Q

an assessment of how enthusiastic employees are about managing the work of others

A

motivation to manage

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28
Q

6 steps to become a successful manager

A
  1. define your own job clearly
  2. define your group’s output
  3. seek momentary clarity rather than permanent answers
  4. become an expert in defining and communicating expectations
  5. keep talking about output
  6. keep at it
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29
Q

thoroughly studying and testing different work methods to identify the best, most efficient way to complete a job

A

scientific management

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30
Q

when workers deliberately slow their pace or restrict their work output

A

soldiering

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31
Q

a group member whose work pace is significantly faster than the normal pace in his or her group

A

rate buster

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32
Q

breaking each task or job into its separate motions and then eliminating those that are unnecessary or repetitive

A

motion study

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33
Q

timing how long it takes good workers to complete each part of their jobs

A

time study

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34
Q

a graphical chart that shows which tasks must be completed at which times in order to complete a project or task

A

gantt chart

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35
Q

the exercise of control on the basis of knowledge, expertise, or experience

A

bureaucracy

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36
Q

an approach to dealing with conflict in which one party satisfies its desires and objectives at the expense of the other party’s desires and objectives

A

domination

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36
Q

an approach to dealing with conflict in which both parties give up some of what they want in order to reach an agreement on a plan to reduce or settle the conflict

A

compromise

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37
Q

an approach to dealing with conflict in which both parties indicate their preferences and then work together to find an alternative that meets the needs of both

A

integrative conflict resolution

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38
Q

a system of consciously coordinated activities or forces created by two or more people

A

organization

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39
Q

a set of interrelated elements or parts that function as a whole

A

system

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40
Q

smaller systems that operate within the context of a larger system

A

subsystems

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41
Q

when two or more subsystems working together can produce more than they can working apart

A

synergy

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42
Q

systems that can sustain themselves without interacting with their environments

A

closed systems

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43
Q

systems that can sustain themselves only by interacting with their environments, on which they depend for their survival

A

open systems

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44
Q

holds that there are no universal management theories and that the most effective management theory or idea depends on the kinds of problems or situations that managers are facing at a particular time and place

A

contingency approach

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45
Q

the events and trends inside an organization that affect management, employees, and organizational culture

A

internal environment

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46
Q

the values, beliefs, and attitudes shared by organizational members

A

organizational culture

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47
Q

stories told by organizational members to make sense of organizational events and changes and to emphasize culturally consistent assumptions, decisions, and actions

A

organizational studies

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48
Q

people celebrated for their qualities and achievements within an organization

A

organizational heroes

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49
Q

gatherings in which symbolic acts commemorate or celebrate notable achievements or changes

A

organizational ceremonies

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50
Q

a company’s purpose or reason for existing

A

company mission

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51
Q

a company culture in which the company actively defines and teaches organizational values, beliefs, and attitudes

A

consistent organizational cultures

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52
Q

the process of having managers and employees perform new behaviors that are central to and symbolic of the new organizational culture that a company wants to create

A

behavioral addition

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53
Q

the process of having managers and employees perform new behaviors central to the new organizational culture in place of behaviors that were central to the old organizational culture

A

behavioral substitution

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54
Q

visible signs of an organization’s culture, such as the office design and layout, company dress code, and company benefits and perks, such as stock options, personal parking spaces, or the private company dining room

A

visible artifacts

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55
Q

the set of moral principles or values that defines right and wrong for a person or group

A

ethics

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56
Q

behavior that conforms to a society’s accepted principles of right and wrong

A

ethical behavior

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57
Q

unethical behavior that violates organizational norms about right and wrong

A

workplace deviance

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58
Q

unethical behavior that hurts the quality and quantity of work produced

A

production deviance

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59
Q

unethical behavior aimed at the organization’s property or products

A

property deviance

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60
Q

employee theft of company merchandise

A

employee shrinkage

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61
Q

using one’s influence to harm others in the company

A

political deviance

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62
Q

hostile or aggressive behavior toward others

A

personal aggression

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63
Q

the degree of concern people have about an ethical issue

A

ethical intensity

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64
Q

the total harm or benefit derived from an ethical decision

A

magnitude of consequences

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65
Q

agreement on whether behavior is bad or good

A

social consensus

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66
Q

the chance that something will happen that results in harm to others

A

probability of effect

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67
Q

the time between an act and the consequences the act produces

A

temporal immediacy

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68
Q

the social, psychological, cultural, or physical distance between a decision maker and those affected by his or her decisions

A

proximity of effect

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69
Q

the total harm or benefit that an act produces on the average person

A

concentration of effect

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70
Q

the first level of moral development, in which people make decisions based on selfish reasons

A

preconventional level of moral development

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71
Q

the second level of moral development, in which people make decisions that conform to societal expectation

A

conventional level of moral development

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72
Q

the third level of moral development, in which people make decisions based on internalized principles

A

post conventional level of moral development

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73
Q

an ethical principle that holds that you should never take any action that is not in your or your organization’s long-term self-interest

A

principal of long-term self-interest

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74
Q

an ethical principle that holds that you should never take any action that is not kind and that does not build a sense of community

A

principle of religious injunctions

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75
Q

an ethical principle that holds that you should never take any action that violates the law, for the law represents the minimal moral standard

A

principle of government requirements

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76
Q

an ethical principle that holds that you should never take any action that infringes on others’ agreed-upon rights

A

principle of individual rights

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77
Q

an ethical principle that holds that you should never do anything that is not honest, open, and truthful and that you would not be glad to see reported in the newspapers or on TV

A

principle of personal future

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78
Q

an ethical principle that holds that you should never take any action that harms the least fortunate among us: the poor, the uneducated, the unemployed

A

principle of distributive justice

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79
Q

an ethical principle that holds that you should never take any action that does not result in greater good for society

A

principle of utilitarian benefits

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80
Q

a written test that estimates job applicants’ honesty by directly asking them what they think or feel about theft or about punishment of unethical behaviors

A

overt integrity test

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81
Q

a written test that indirectly estimates job applicants’ honesty by measuring psychological traits, such as dependability and conscientiousness

A

personality based integrity tests

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82
Q

reporting others’ ethics violations to management or legal authorities

A

whistleblowing

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83
Q

a business’s obligation to pursue policies, make decisions, and take actions that benefit society

A

social responsibility

84
Q

a view of social responsibility that holds that an organization’s overriding goal should be profit maximization for the benefit of shareholders

A

shareholder model

85
Q

persons or groups with a stake, or legitimate interest, in a company’s actions

A

stakeholders

86
Q

a theory of corporate responsibility that holds that management’s most important responsibility, long-term survival, is achieved by satisfying the interests of multiple corporate stakeholders

A

stakeholder model

87
Q

any group on which an organization relies for its long-term survival

A

primary stakeholders

88
Q

any group that can influence or be influenced by a company and can affect public perceptions about the company’s socially responsible behavior

A

secondary stakeholders

89
Q

a company’s social responsibility to make a profit by producing a valued product or service

A

economic responsibility

90
Q

a company’s social responsibility to obey society’s laws and regulations

A

legal responsibility

91
Q

a company’s social responsibility not to violate accepted principles of right and wrong when conducting its business

A

ethical responsibility

92
Q

the social roles that a company fulfills beyond its economic, legal, and ethical responsibilities

A

discretionary responsibilities

93
Q

a company’s strategy to respond to stakeholders’ economic, legal, ethical, or discretionary expectations concerning social responsibility

A

social responsiveness

94
Q

a social responsiveness strategy in which a company does less than society expects

A

reactive strategy

95
Q

a social responsiveness strategy in which a company admits responsibility for a problem but does the least required to meet societal expectations

A

defensive strategy

96
Q

a social responsiveness strategy in which a company accepts responsibility for a problem and does all that society expects to solve that problem

A

accommodative strategy

97
Q

a social responsiveness strategy in which a company anticipates a problem before it occurs and does more than society expects to take responsibility for and address the problem

A

proactive strategy

98
Q

choosing a goal and developing a strategy to achieve that goal

A

planning

99
Q

goals that are specific, measurable, attainable, realistic, and timely

A

SMART goals

100
Q

the determination to achieve a goal

A

goal commitment

101
Q

a plan that lists the specific steps, people, resources, and time period needed to attain a goal

A

action plan

102
Q

short-term goals or subgoals

A

proximal goals

103
Q

long-term or primary goals

A

distal goals

104
Q

maintaining planning flexibility by making small, simultaneous investments in many alternative plans

A

options-based planning

105
Q

a cushion of extra resources that can be used with options-based planning to adapt to unanticipated changes, problems, or opportunities

A

slack resources

106
Q

overall company plans that clarify how the company will serve customers and position itself against competitors over the next two to five years

A

strategic plans

107
Q

a statement of a company’s purpose or reason for existing

A

purpose statement

108
Q

a more specific goal that unifies company-wide efforts, stretches and challenges the organization, and possesses a finish line and a time frame

A

strategic objective

109
Q

a four-step process in which managers and employees discuss and select goals, develop tactical plans, and meet regularly to review progress toward goal accomplishment

A

management by objectives

110
Q

plans created and implemented by middle managers that direct behavior, efforts, and attention over the next six months to two years

A

tactical plans

111
Q

day-to-day plans, developed and implemented by lower-level managers, for producing or delivering the organization’s products and services over a 30-day to six-month period

A

operational plans

112
Q

plans that cover unique, onetime-only events

A

single-use plans

113
Q

standing plans that indicate the general course of action that should be taken in response to a particular event or situation

A

policies

114
Q

standing plans that indicate the specific steps that should be taken in response to a particular event

A

procedures

115
Q

standing plans that describe how a particular action should be performed or what must happen or not happen in response to a particular event

A

rules and regulations

116
Q

quantitative planning through which managers decide how to allocate available money to best accomplish company goals

A

budgeting

117
Q

the process of choosing a solution from available alternatives

A

decision making

118
Q

a systematic process of defining problems, evaluating alternatives, and choosing optimal solutions

A

rational decision making

119
Q

a gap between a desired state and an existing state

A

problem

120
Q

the standards used to guide judgments and decisions

A

decision criteria

120
Q

a process in which each decision criterion is compared to a standard or ranked on its own merits

A

absolute comparisons

121
Q

a process in which each decision criterion is compared directly with every other criterion

A

relative comparisons

122
Q

choosing the best alternative

A

maximize

123
Q

choosing a “good-enough” alternative

A

satisfying

124
Q

a barrier to good decision-making caused by pressure within the group for members to agree with each other

A

groupthink

125
Q

disagreement that focuses on problem- and issue-related differences of opinion

A

c-type conflict (cognitive)

126
Q

disagreement that focuses on individuals or personal issues

A

a-type conflict (affective)

127
Q

a decision-making method in which an individual or a subgroup is assigned the role of critic

A

devil’s advocate

128
Q

a decision-making method in which decision makers state the assumptions of a proposed solution (a thesis) and generate a solution that is the opposite (antithesis) of that solution

A

dialectical inquiry

129
Q

a decision-making method that begins and ends by having group members quietly write down and evaluate ideas to be shared with the group

A

nominal group technique

130
Q

a decision-making method in which members of a panel of experts respond to questions and to each other until reaching agreement on an issue

A

Delphi technique

131
Q

a decision-making method in which group members build on each others’ ideas to generate as many alternative solutions as possible

A

brainstorming

132
Q

a decision-making method in which group members use computers to build on each others’ ideas and generate as many alternative solutions as possible

A

electronic brainstorming

133
Q

a disadvantage of face-to-face brainstorming in which a group member must wait to share an idea because another member is presenting an idea

A

production blocking

134
Q

fear of what others will think of your ideas

A

evaluation apprehension

135
Q

the assets, capabilities, processes, employee time, information, and knowledge that an organization uses to improve its effectiveness and efficiency and create and sustain competitive advantage

A

resources

136
Q

providing greater value for customers than competitors can

A

competitive advantage

137
Q

a competitive advantage that other companies have tried unsuccessfully to duplicate and have, for the moment, stopped trying to duplicate

A

sustainable competitive advantage

138
Q

a resource that allows companies to improve efficiency and effectiveness

A

valuable resource

139
Q

a resource that is not controlled or possessed by many competing firms

A

rare resource

140
Q

a reluctance to change strategies or competitive practices that have been successful in the past

A

competitive intertia

140
Q

a resource that is impossible or extremely costly or difficult for other firms to duplicate

A

imperfectly imitable resource

141
Q

a resource that produces value or competitive advantage and has no equivalent substitutes or replacements

A

nonsubstitutable resource

142
Q

a discrepancy between a company’s intended strategy and the strategic actions managers take when implementing that strategy.

A

strategic dissonance

143
Q

an assessment of the strengths and weaknesses in an organization’s internal environment and the opportunities and threats in its external environment

A

Situational (SWOT) analysis

144
Q

what a company can make, do, or perform better than its competitors

A

distinctive competence

145
Q

a committee within a company that analyzes the company’s own weaknesses to determine how competitors could exploit them for competitive advantage

A

shadow-strategy task force

146
Q

the internal decision-making routines, problem-solving processes, and organizational cultures that determine how efficiently inputs can be turned into outputs

A

core capabilities

147
Q

the central companies in a strategic group

A

core firms

148
Q

a group of companies within an industry against which top managers compare, evaluate, and benchmark strategic threats and opportunities

A

strategic group

149
Q

the firms in a strategic group that follow strategies related to but somewhat different from those of the core firms

A

secondary firms

150
Q

the overall organizational strategy that addresses the question “What business or businesses are we in or should we be in?”

A

corporate level strategy

150
Q

the strategic targets managers use to measure whether a firm has developed the core competencies it needs to achieve a sustainable competitive advantage

A

strategic reference points

151
Q

a corporate-level strategy that minimizes risk by diversifying investment among various businesses or product lines

A

portfolio strategy

152
Q

creating or acquiring companies in completely unrelated businesses

A

unrelatied diversification

152
Q

the purchase of a company by another company

A

acquisition

153
Q

a portfolio strategy developed by the Boston Consulting Group that categorizes a corporation’s businesses by growth rate and relative market share and helps managers decide how to invest corporate funds

A

BCG Matrix

154
Q

a company with a large share of a fast-growing market

A

star

155
Q

a company with a small share of a fast-growing market

A

question mark

156
Q

a company with a large share of a slow-growing market

A

cash cow

156
Q

a company with a small share of a slow-growing market

A

dog

157
Q

a broad corporate-level strategic plan used to achieve strategic goals and guide the strategic alternatives that managers of individual businesses or subunits may use

A

grand strategy

158
Q

a strategy that focuses on increasing profits, revenues, market share, or the number of places in which the company does business

A

growth strategy

159
Q

creating or acquiring companies that share similar products, manufacturing, marketing, technology, or cultures

A

related diversification

160
Q

a strategy that focuses on improving the way in which the company sells the same products or services to the same customers

A

stability strategy

161
Q

a strategy that focuses on turning around very poor company performance by shrinking the size or scope of the business

A

retrenchment strategy

162
Q

the strategic actions taken after retrenchment to return to a growth strategy

A

recovery

163
Q

a corporate strategy that addresses the question, “How should we compete in this industry?”

A

industry-level strategy

164
Q

a measure of the intensity of competitive behavior between companies in an industry

A

character of the rivarly

165
Q

a measure of the degree to which barriers to entry make it easy or difficult for new companies to get started in an industry

A

threat of new entrants

166
Q

a measure of the ease with which customers can find substitutes for an industry’s products or services

A

threat of sub products or services

167
Q

a measure of the influence that suppliers of parts, materials, and services to firms in an industry have on the prices of these inputs

A

bargaining power of suppliers

168
Q

a measure of the influence that customers have on a firm’s prices

A

bargaining power of buys

169
Q

the positioning strategy of producing a product or service of acceptable quality at consistently lower production costs than competitors can, so that the firm can offer the product or service at the lowest price in the industry

A

cost leadership

170
Q

the positioning strategy of using cost leadership or differentiation to produce a specialized product or service for a limited, specially targeted group of customers in a particular geographic region or market segment

A

focus strategy

170
Q

the positioning strategy of providing a product or service that is sufficiently different from competitors’ offerings that customers are willing to pay a premium price for it

A

differentiation

171
Q

companies using an adaptive strategy aimed at defending strategic positions by seeking moderate, steady growth and by offering a limited range of high-quality products and services to a well-defined set of customers

A

defenders

172
Q

companies using an adaptive strategy that seeks fast growth by searching for new market opportunities, encouraging risk taking, and being the first to bring innovative new products to market

A

prospectors

173
Q

companies using an adaptive strategy that seeks to minimize risk and maximize profits by following or imitating the proven successes of prospectors

A

analyzers

174
Q

companies that do not follow a consistent adaptive strategy but instead react to changes in the external environment after they occur

A

reactors

175
Q

a corporate strategy that addresses the question, “How should we compete against a particular firm?”

A

firm-level strategy

176
Q

the rivalry between two companies that offer similar products and services, acknowledge each other as rivals, and act and react to each other’s strategic actions

A

direct competition

176
Q

the degree to which two companies have overlapping products, services, or customers in multiple markets

A

market commonality

177
Q

the extent to which a competitor has similar amounts and kinds of resources

A

resource similarity

178
Q

a competitive move designed to reduce a rival’s market share or profits

A

attack

179
Q

a competitive countermove, prompted by a rival’s attack, to defend or improve a company’s market share or profit

A

response

180
Q

forces that produce differences in the form, quality, or condition of an organization over time

A

change forces

181
Q

forces that support the existing conditions in organizations

A

resistance forces

182
Q

getting the people affected by change to believe that change is needed

A

unfreezing

182
Q

opposition to change resulting from self-interest, misunderstanding and distrust, and a general intolerance for change

A

resistance to change

183
Q

the process used to get workers and managers to change their behaviors and work practices

A

change intervention

184
Q

the use of formal power and authority to force others to change

A

coercion

185
Q

supporting and reinforcing new changes so that they stick

A

refreezing

186
Q

using daily standups, or “huddles,” to review the progress of multidisciplinary teams or “Scrums,” who break problems into small, clearly defined parts that team members work on in sprints

A

agile change

186
Q

change created quickly by focusing on the measurement and improvement of results

A

results-driven change

187
Q

quickly experimenting with new ideas to solve customer problems and learn from repeated tests and improvements

A

General Electrics Fastworks

188
Q

a philosophy and collection of planned change interventions designed to improve an organization’s long-term health and performance

A

organizational development

189
Q

an agreement in which a domestic company, the licensor, receives royalty payments for allowing another company, the licensee, to produce the licensor’s product, sell its service, or use its brand name in a specified foreign market

A

licensing

189
Q

the person formally in charge of guiding a change effort

A

change agent

190
Q

modifying rules, guidelines, policies, and procedures to adapt to differences in foreign customers, governments, and regulatory agencies

A

local adaptation

190
Q

when a multinational company has offices, manufacturing plants, and distribution facilities in different countries and runs them all using the same rules, guidelines, policies, and procedures

A

global consistency

191
Q

selling domestically produced products to customers in foreign countries

A

exporting

192
Q

selling domestically produced products to customers in foreign countries

A

cooperative contract

193
Q

a collection of networked firms in which the manufacturer or marketer of a product or service, the franchisor, licenses the entire business to another person or organization, the franchisee

A

franchise

194
Q

an agreement in which companies combine key resources, costs, risks, technology, and people

A

strategic alliance

195
Q

foreign offices, facilities, and manufacturing plants that are 100 percent owned by the parent company

A

wholly owned affiliates

196
Q

new companies that are founded with an active global strategy and have sales, employees, and financing in different countries

A

globally new ventures

197
Q

the set of shared values and beliefs that affects the perceptions, decisions, and behavior of the people from a particular country

A

national culture