Orgma Skuma Finale Quiz before the storm Flashcards
involves the social and informal sources of
influence that you use to inspire action taken by others.
Leading
Leading involves?
the social and informal sources
It means giving instructions, guiding, counselling,
motivating and directing the staff in an organization in
doing work to achieve organizational goals
Leading
LEADERS (Write down characteristics)
ask questions
inspire & motivate
people-oriented
show you how
calculated risk taker
Doing the right things (efficiency)
MANAGERS (Write down characteristics)
give direction
instruct
task-oriented
tell you what
minimize risks
Doing things right (effectiveness)
encourages individuals
to work enthusiastically, often
performing more work than what is
required.
Motivation
THEORIES OF MOTIVATION (List Em)
MASLOW’S
HIERARCHY OF
NEEDS
MCCLELLAND’S
THEORY OF NEEDS
MCGREGOR’S
THEORY X AND
THEORY Y
A person will be motivated when all his
needs are fulfilled.
MASLOW’S HIERARCHY OF NEEDS
People do not work for security or
money, but they work to contribute and
to use their skills.
MASLOW’S HIERARCHY OF NEEDS
He demonstrated this by creating a
pyramid to show how people are
motivated and mentioned that one
cannot ascend to the next level unless
lower-level needs are fulfilled.
MASLOW’S HIERARCHY OF NEEDS
Achieving one’s
creative
activities
Self Actualization
Prestige and feeling of accomplishment
Esteem needs
intimate relationships, friends
Belongingness and love needs
Security, safety
Safety needs
Food, water, warmth, rest
Physiological needs
List the hierarchy of needs in order
1) Self Actualization
2) Esteem needs
3) Belongingness and love needs
4) Safety needs
5) Physiological needs
was a psychologist who studied positive
human qualities and the lives of exempla-
ry people. In 1954, Maslow created the
Hierarchy of Human Needs and
expressed hS theories in his book.
Abraham Harold Maslow
A person’s
motivation to reach his or
her full potential. As shown
in Maslow’s Hierarchy of
Needs, a person’s basic
needs must be met
before self-actualized-
can be
achieved.
Self-Actualization
affirms that we all
have three motivating drivers, which do
not depend on our gender or age.
David McClelland
One of these drives will be dominant in
our behavior. The _______________
depends on our life experiences.
dominant drive
THREE MOTIVATORS
POWER, ACHIEVEMENT, AFFILIATION
need for controlling own
work or the work of others
POWER
need to accomplish
competence
ACHIEVEMENT
need for love, belonging
and social acceptance
AFFILIATION
They are concerned about
their level of influence than
about effective work
performance.
POWER
They prefer tasks that
provide for personal
responsibility.
ACHIEVEMENT
They are motivated by
being liked and accepted
by others.
AFFILIATION
_________ THEORY X
AND THEORY Y
MCGREGOR’S
(authoritative style of management)
leaders assume that some employees
are: (List em)
- lazy or not motivated by the work
- unambitious
- avoid responsibility
- self-centered
- prefers to be directed
Theory X what system is effective?
Reward or punishment system is effective
(authoritative style of management)
THEORY X
THEORY Y
(participative style fnanagement)
leaders assumes that subordinates do
not: (LIST EM)
- dislike the work
- self-motivated
- creative
- seeks responsibility (leadership roles)
- self-directed
THEORY Y does not bode well with?
Threats of punishment are far less effective
It is also known as authoritarian
leadership.
AUTOCRATIC
LEADERSHIP STYLE
AUTOCRATIC
LEADERSHIP STYLE is also known as?
authoritarian
leadership.
The boss has absolute control over
decisions in the workplace
AUTOCRATIC
LEADERSHIP STYLE
Team members are expected to
comply with all decisions and
orders made by their leader.
AUTOCRATIC
LEADERSHIP STYLE
It is sometimes known as participative
leadership.
DEMOCRATIC
LEADERSHIP STYLE
DEMOCRATIC
LEADERSHIP STYLE is sometimes known as?
participative
leadership.
Leaders involve team members in
the decision-making process.
DEMOCRATIC
LEADERSHIP STYLE
Employees feel motivated to
participate in decision-making.
DEMOCRATIC
LEADERSHIP STYLE
It is the extreme opposite of autocratic
leadership. It has lack of clear leader
role.
LAISSEZ-FAIRE
LEADERSHIP STYLE
leaves the
decision-making up to their team
members.
LAISSEZ-FAIRE
LEADERSHIP STYLE
It is an effective way to lead a team
composed of highly skilled, highly
specialized individuals
LAISSEZ-FAIRE
LEADERSHIP STYLE
“EFFICIENCY IS DOING
THINGS RIGHT;
EFFECTIVENESS IS DOING
THE RIGHT THING”
- ????
PETER DRUCKER
is a management function
involves ensuring the work
performance of the
organization’s members are
aligned with the
organization’s values and
standards through
monitoring, comparing, and
correcting their actions.
Controlling
Why is Management Control Important?
It makes sure that the
firm’s operating cash
flow is sufficient,
efficient, and, if
possible, profitable
when invested.
The Control Process
1) Establishing
Standards
2) Measuring and comparing
actual performance with
standards
3) Taking action
means setting criteria
for performance.
Establishing
Standards
is essentially the
monitoring of
performance
Measuring actual
performance and
comparing it with set
standards
involves the correction
of deviations from set
standards
Taking action
are techniques used for measuring an
organization’s financial stability, efficiency, effectiveness,
production output, and organization members’ attitude and
morale.
Control Methods
It makes use of data and different quantitative tools for
monitoring and controlling production output.
Quantitative Methods
Quantitative Methods (list em)
Charts, Budgets, Audit
most widely recognized
quantitative
CHART
used as control tools normally
contrast time and performance
CHART
provides the quickest method
of relating data
CHART
It is considered the best-known
control device.
BUDGET
is an expression in
financial terms of a plan for
meeting the organization’s goals
for a specific period.
BUDGET
It is an instrument of planning,
management, and control.
Budget
Budgets are used in two ways:
To establish facts that must be taken into account during
planning;
To prepare a description and financial information to be used
by the chain of command to request and manage funds.
provides an independent audit of programs,
activities, systems, and procedure.
Audit service
It also provides an independent audit of other operations which
involve the utilization of funds and resources as well as the
fulfillment of management goals.
Audit service
These refer to the overall control performance instead of
only those of specific organizational processes.
Non-quantitative Methods
These methods use tools such as inspections, reports,
direct supervision, and on-the spot-checking and
performance evaluation or counseling to accomplish goals.
Non-quantitative Methods
Types of Non-Quantitative Methods
Feedforward
Control, Concurrent
Control, Feedback Control, Employee
Discipline, Project
Management
A control method that prevents
problems in a firm because
managerial action is taken before
the actual problem occurs.
Feedforward
Control
It is a method that takes place
while work activity is happening.
Example: Direct supervision or
management by walking around.
Concurrent
Control
It is a control that takes place
after the occurrence of the
activity.
Feedback Control
It is
disadvantageous because, by the
time the manager receives the
information, the problem had
already occurred.
Feedback Control
This includes workplace privacy,
employee theft, and workplace
violence, among others, are some
of the concerns in employee
discipline.
Employee
Discipline
It ensures that the task of getting
a project’s activities done on
time,
within the budget, and according
to specifications, is successfully
carried out
Project
Management
is the control that makes use of the balance sheet, income
statement, and cash flow statement to analyze and
examine financial statements in order to determine the
company’s financial soundness and viability, as well as
financial ratios to determine the company’s stability.
Management control in accounting and finance
Management control in accounting and finance determines what?
determine the company’s financial soundness and viability, determine the company’s stability.
is the control that makes use of projected sales or forecast,
statistical models, econometric modeling, surveys,
historical demand data, and actual consumption of their
products.
Management control management control in marketing
