Chapters 4-8 Flashcards
______ is the final part of the decision- making process, as well as the most critical part.
Evaluation and feedback
This is managements obligation to make choices and take action that contribute to society.
Corporate social responsibility
This refers to the use of managerial and organization tools to direct resources toward achieving strategic outcomes
Strategic management or strategic execution
This organizational program provides a safe place (safe harbor) where employees can generate and develop ideas without the interruption of company politics
Incubator
This person or group has a vested interest in the overall performance of the organization
Stakeholder
This refers to the managerial task of adjusting and synchronizing the diverse activities among different departments
Coordination
These are the six steps in the managerial decision making process
- Recognition of decision requirement 2. Diagnosis and analysis of causes 3. Development alternatives 4. Selection of desired alternatives 5. Implementation of chosen alternatives 6. Evaluation and feedback
Which of the following approaches to change gives you a take it or leave it option
Coercion
This strategy seeks to cut and control costs, while producing products more efficiently than its competitors
Cost leadership
These are moral principles govern the behaviors of people and the organization around what is right and wrong
Ethics
This is the triple bottom line of any business
People- planet- profit
In this approach, teams are grouped by common skills and work activities
Vertical function
This ethical framework is based around choosing the option that produces the greatest good
Utilitarian
Which managerial style makes decisions that focus on helping others achieve their goals?
Behavioral
These are the 5 components of a SMART goal
Specific, measurable, achievable, relevant, time bound
This decision is typically recurring and often has rules about it
Program decision
This type of innovation creates products that end up completely replacing an existing product. And changes the rules and game of the industry
Disruptive
These are the 4 components of a SWOT analysis
Strength, weakness, opportunity, threat
One downfall of SMART goals is that it can get in the way of this
Creativity
This is when people in the group tend to suppress opposing opinions, in other words, everyone thinks the same
Group think
This organizational structure is a narrow space of management that has more hierarchy levels
Tall structure
Name one of the factors associated with a larger span of control
Work performed by subordinates is stable and routine
What are the different frame works for ethical decision making?
Utilitarian, individualism, moral rights, justice, practical
Porters competitive strategies
Differentiation, cost leadership and focus
What are the managerial styles?
Directive, analytical, conceptual, BEHAVIORAL
Why does feedback matter
Increases knowledge sharing, resolves issues quickly
What does an organizational chart do for an organization?
Shows the internal structure of an organization or company
Describe the difference between a tall structure and flat structure
Tall= old and resource efficiency
Flat= new
What are the different types of organizational structure?
Vertical, divisional, matrix, team-based, virtual
What is coordination and how does it help an organization?
Coordination is the function of management in which different departments and groups work in sync
What does it mean to be an innovative company?
Always changing and trying out new ideas, offering new services and products
Googlex and studiox are examples of this
Skunkworks
