theories Flashcards
tannenbaum schmidt continuum
The Tannenbaum and Schmidt continuum demonstrates the relationship between the level of freedom that a manager chooses to give a team, and the level of authority used by the manager.
Blake mouton grid
plots a manager’s or leader’s degree of task-centeredness versus their person-centeredness,
scientific decision making
using statistics and facts to come to a decision
decision trees
A decision tree is a decision support tool that uses a tree-like model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.
stakeholder mapping
the visual process of laying out all the stakeholders of a product, project, or idea on one map.
market mapping
the process of using a graph to plot competitors and their products to understand competitor behaviour and spot a gap in the market
price and income elasticity of demand
Price elasticity of demand measures the responsiveness of quantity demanded to a change in price. Income elasticity of measures the responsiveness of quantity demand to a change in income
segmentation, targeting and positioning
a marketing model that redefines whom you market your products to, and how. It makes your marketing communications more focused, relevant, and personalised for your customers
7p’s
product, price, promotion, place, packaging, positioning and people.
product life cycle
the length of time from a product first being introduced to consumers until it is removed from the market.
Boston matrix
a model which helps businesses analyse their portfolio of businesses and brands.
inventory control charts
An inventory control chart, sometimes called a stock control chart, can help you find a balance between lead times, maximum levels, buffer stock and much more.
breakeven charts
a chart that shows the sales volume level at which total costs equal sales.
hackman and oldham
based on the idea that the task itself is key to employee motivation
Maslows heirachy of needs
a model for understanding the motivations for human behavior
herzberg
The two-factor theory states that there are certain factors in the workplace that cause job satisfaction while a separate set of factors cause dissatisfaction, all of which act independently of each other.
Taylor
all workers were motivated by money,
mayo
employees are motivated far more by relational factors such as attention and camaraderie than by monetary rewards or environmental factors, such as lighting, humidity and more
mcgregor theory x and y
Theory X explains the importance of heightened supervision, external rewards, and penalties, while Theory Y highlights the motivating role of job satisfaction and encourages workers to approach tasks without direct supervision.
SWOT
a planning tool which seeks to identify the Strengths, Weaknesses, Opportunities and Threats involved in a project or organisation
pestle
studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation
elkingtons triple bottom line
people, profit, planet
kaplan and Norton
financial, organisational capacity, internal processes, customer
CSR pyramid
This model gives the structure organizations need to meet the economic, legal, ethical, and philanthropic demands of Business
porters 5 forces
Competition in the industry
Potential of new entrants into the industry
Power of suppliers
Power of customers
Threat of substitute products
ansoffs matrix
market penetration, market development, product development and diversification, which are all growth alternatives that an organization can use to effectively grow its reach into other markets or grow its product offerings.
porters generic strategies
“Cost Leadership” (no frills), “Differentiation” (creating uniquely desirable products and services) and “Focus” (offering a specialized service in a niche market). He then subdivided the Focus strategy into two parts: “Cost Focus” and “Differentiation Focus.” stuck in the middle
Bowmans strategic clock
a comprehensive and easy to use strategy tool that provides options for positioning within a market based around price and perceived value.
grainers model of growth
a framework that shows the different phases a company goes through to achieve growth and the different types of crisis that may occur during those milestones.
barrettes and ghoshals international strategies
indicates the strategic options for businesses wanting to manage their international operations based on two pressures: local responsiveness & global integration.
Lewis force field analysis
describes any current level of performance or being as a state of equilibrium between the driving forces that encourage upward movement and the restraining forces that discourage it.
