Manager Roles And The Firm And Its Environment Flashcards

1
Q

Being at the center of the flow of information it is the role of the manager to harness this information through relevant decision making

A

Informational roles

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2
Q

Enumerate the examples of informational roles

A

Monitor
Dessiminator
Spokesman

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3
Q

Manager continuously scans environment and watch out for information of the macro and micro environments for opportunity and threats to the organization

A

Monitor

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4
Q

Manager provides relevant information to the organization

A

Dessiminator

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5
Q

The manager sends out information outside the organization

A

Spokesman

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6
Q

Manager that commits the entire organization to a new business plan or new strategic direction like a new project or new program

A

Decisional roles

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7
Q

Enumerate the examples of decisional rules

A

Entrepreneur
Disturbance handler
Resource allocator
Negotiator

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8
Q

Manager is expected to do as highest ranking member of the organization

A

Interpersonal role

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9
Q

Example of interpersonal role

A

Figurehead role
Liaison role

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10
Q

Manager head the different positions created in the process of organizing

A

Figurehead rule

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11
Q

Manager do not associate only with their superiors and subordinates but also their first and people to the organization

A

Liaison role

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12
Q

Three skills of an effective manager to successfully perform its roles

A

Technical skills
Human skills
Conceptual skills

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13
Q

The manager must possesses technical business skills and the various areas of management in his organization like financial management production processes supply chain marketing and sales

A

Technical skills

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14
Q

The manager must also possess to the skills to interact with people most from within and outside organization

A

Human skills

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15
Q

Skills to plan strategize and think way ahead into the future given constraints an opportunities in the market conceptual skills along manager to think i in the future to build companies at lesson become the performance of the industry

A

Conceptual skills

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16
Q

Those who have legal property rights to business

17
Q

A corporate board of directors is selected by the stockholders and in charge university in the general management of the firm

A

Board of directors

18
Q

Worker who performed the day today operation

19
Q

Responsible for combining and coordinating their sources of an organization

20
Q

Refers as culture of the organization which is a collective behavior of human to the parts of the organization

21
Q

These are individuals and companies that provide an organization with the input resources it needs to produce goods and services

22
Q

An organization that help other organizations to sell their goods and services to customer

A

Distributors

23
Q

Are individuals and groups that buy the goods and services of an organization

24
Q

Organization that produce similar goods and services to an organization

A

Competitors

25
PEST analysis stands for
Political legal environment Economic environment Socio-cultural environment Technological environment
26
This environment is primarily concerned with complex laws regulations and government agencies and their actions
Political legal environment
27
The general pattern of the economy can be viewed from three dimensions the economic system the general business cycle and economic policies. Domain economic effect is and business organizations today are usually classified as fiscal and monetary policies
Economic environment
28
The way of life of the people they are made up of attitude desires expectations beliefs degree of education and customs of the people
Socio-cultural environment
29
This compresses the innovations and improvements and methods machines and materials
Technological environment
30
Is a management method whereby an organization can assess major external factors influences its operation in order to become more competitive in the markets
PEST ANALYSIS
31
These factors are found within the business environment and where the organization operate. A systematic identification of this factors and strategy it reflects the best combinations of these factors
SWOT OR TOWS ANALYSIS
32
Stages of internal business
Outsourcing Importing and exporting Licensing and manufacturing Strategic alliances Joint ventures Wholly owned affiliate
33
Engaging in the international division of labor so that manufacturing can be done and conscious with the cheapest sources of labor and supplies
Outsourcing
34
Is usually the first step in the rational business in which a firm gets involved
Importing and exporting
35
The making of a product or service in the firms domestic marketplace and selling it in another country
Exporting
36
Accompany may prefer to arrange for foreign company to manufacture or market its product under a licensing agreement
Licensing and manufacturing
37
Involve two or more firms jointly cooperate for medieval gain it involves partnership between an organization and a foreign country in which both share resources and knowledge and developing new products or building production activities
Strategic alliances
38
A specific type of strategic alliances and which partnership agrees to firm separate independent organization for some business purposes
Joint venture
39
It is estimated that one third or multinational enter foreign markets through wholly owned affiliate
Wholly owned affiliate