MANAGEMENT Flashcards
How can Management be described?
As both an art and science
What are the four basic pillars of Management? Hint (PODM) Expand
- Plan: clear goal, analyze strengths and weaknesses, evaluate all scenarios
- Organize: prepared, motivated, roles. solutions
- Direct: like an orchestra
- Monitor: adjust when necessary, be aware
What are the 6 Management Theories? Just list.
X and Y, Human Relations, Internal Process, Rational Goal Model, Open System Model, Competing Values
What is the X and Y Theory?
X: - lazy workers
- uses discipline and punishments
- focused on control
Y: - intrinsically motivated
- optimistic, caring
- believes workers seek responsibility
What are the 6 descriptions of the Human Relations Theory?
- work is as natural as play and rest
- empower to innovate indépendantly
- Share the big picture objectives
- Training and development
- Appropriate Recognition
- Helpful theories
What is the Rational Goal Model Theory? (3) Hint: robot-like
- engineer optimal productivity
- set goals, speed productivity, increase income and profit than competitors
- initiate action
What is the Open System Model Theory? (3)
- adapt to changing environmental factors
- managers should focus on controlling the system instead of over controlling employees
- STRENGTH: acquires resources for sustainable system
What is the Competing values theory?
The theory that compares all of the other theories of management in regards to the power role the managers play and their contrasting beliefs and values
What is the Internal Process Theory? (2) What are its five functions? (POCCC) Hint: similar to pillars
- exert authority over humans to maintain the stability of hierarchic admin
- info management, documentation control, consolidated continuity and process measurement
- Planning
- Organization
- Commanding
- Coordination
- Controlling
