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Accounting > Management > Flashcards

Management Flashcards

1
Q

prime management functions

A

Planning Organizing Leading Controlling

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2
Q

Manager SKills

A

Technical, Human, Conceptual

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3
Q

entrepreneurship

A

initiate new business ventures

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4
Q

five types of small business owners

A

idealist, optimizers, hard workers, jugglers, sustainers

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5
Q

characteristics of entrepreneurs

A

control,autonomy,entrepreneurial sacrifice, high energy, need to achieve, self confidence

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6
Q

crowd funding

A

being funded by the people like kickstarter

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7
Q

Classical perspective

A

production focused considers people a cog in the machine

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8
Q

Humanistic perspective

A

ignores production focus for a focus on human needs and keeping employees happy

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9
Q

Scientific management

A

a classical perspective that measures people against averages and demands results like meijer

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10
Q

bureaucratic organizations

A

subfield of classical perspective involes looking at business as whole very concise and rational business were everyone follows rules proposed by max weber

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11
Q

administrative principles

A

proposed by Fayol unity of command, division of work, unity of direction, scalar chain

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12
Q

human relation movement

A

True control comes from within the individual not authoritarian structures

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13
Q

hawthorne study

A

a factory testing productivity found that managers treating workers positively was the best result

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14
Q

Human Resource Perspective

A

just as happy cows give more milk happy worker do more work proposed my douglas and maslow

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15
Q

theory x

A

humans dislike work humans need to be punished if they do not follow orders want security and direction anw wish ro avoid responsibility

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16
Q

theory y

A

work is a key desire poeple willl work towards goals they are committed to people seek responsibility we need to utilize people minds because they are creative

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17
Q

Behavioral science approach

A

draws from social sciences to better understand how to keep human beings in optimum mindset for highest production

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18
Q

System Thinking

A

Promotes synergy and division amongst all processes

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19
Q

Contingency view

A

Managers determine what will work in any given situation there is no universal truth be adatptible

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20
Q

external organizational environment

A

all elements outside the business that have the ability to affect it include ecternal and general environment

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21
Q

external task environment

A

include competitors, suppliers, customers, and the labor market.

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22
Q

general environment

A

s social, economic, legal-political, international, natural, and technological factors that influence all organizations about equally.

23
Q

boundary spanning

A

links the org to external data

24
Q

adversarial vs patrenership orientation

A

no trust vs trust

25
Q

visible culture

A

symbols dress layout slogans ceremonies

26
Q

invisible culture

A

ex[ressed values like the hp way underlying assumptions such as these people are intelligent

27
Q

adaptability culture

A

Has independent workers who have autonomy and valued ideas

28
Q

achievement culture

A

is a very competitive business without the need to adapt constantly willingness to work long and hard to achieve results

29
Q

involvement culture

A

focuses on meeting the needs of employees

30
Q

consistency culture

A

rewards methodical way of doing things

31
Q

high performance culture

A

) is based on a solid organizational mission or purpose, (2) embodies shared adap- tive values that guide decisions and business practices, and (3) en- courages individual employee ownership of both bottom-line results and the organization’s cultural backbone.79

32
Q

ethnocentric companies

A

focus on values of their home country

33
Q

polycentric

A

focus on market of foreign host country

34
Q

geocentric

A

truly world oriented and favor no specific country

35
Q

BoP bottom of the period concepts

A

Are geared toward helping the worlds poor with cheap accesible products

36
Q

strategies for entering international business

A

exporting global outsourcignlicensing franchising aquisition greenfield venture

37
Q

licensing

A

a corporation (the licensor) in one country makes certain resources avail- able to companies in another country (the licensee). These resources include technology, managerial skills, and patent or trademark rights.

38
Q

franchising

A

Whereas with licensing, a licensee generally keeps its own company name, autonomy, and operating systems, a franchise takes the name and systems of the franchisor. The fast-food chains are some of the best-known franchisors.

39
Q

direct investing

A

When one company backs a smaller one

40
Q

joint venture

A

company shares cost and risks with another firm

41
Q

foreign affiliate

A

Another company has complete control

42
Q

greenfield venture

A

company builds a market from scratch

43
Q

hofstedes values`

A

power distance uncertainty avoidance individualism and collectivism masculinity and femnininity

44
Q

high context culture

A

, people are sensitive to circumstances surrounding social exchanges. People use communication primarily to build personal social relationships; meaning is derived from context—setting, status, and nonverbal behavior—more than from explicit words; relationships and trust are more important than business; and the welfare and harmony of the group are valued.

45
Q

low context culture

A

people use communication primarily to exchange facts and information; meaning is derived pri- marily from words; business transactions are more important than building relation- ships and trust;

46
Q

three domains of human action

A

codified law ethics and free choice

47
Q

ethical decision approaches

A

utilitarian individualism moral rights justice and practical approaches

48
Q

pre conventional and post

A

pre focuses on self interest and avoiding punishment conventional applies to obeying interest of a whole and post is like the lifeguard

49
Q

4 criteria of corporate ethics

A

economic legal ethical discretionary(be a good citizen and give back to communities)

50
Q

social entrepreneurship

A

solves social problems with profit as a secondary objective

51
Q

angel financing

A

using websites to donate without direct contact

52
Q

venture capitalist

A

a group of investors invest in a new business with high rate of returns

53
Q

business incubator

A

mentors and a collection of entrepreneur jumpstart the crucial stage of early startups

Accounting (19 decks)

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