theories

Question 1

tannenbaum schmidt continuum

Answer 1

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.

Question 2

Blake mouton grid

Answer 2

plots a manager’s or leader’s degree of task-centeredness versus their person-centeredness,

Question 3

scientific decision making

Answer 3

using statistics and facts to come to a decision

Question 4

decision trees

Answer 4

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.

Question 5

stakeholder mapping

Answer 5

the visual process of laying out all the stakeholders of a product, project, or idea on one map.

Question 6

market mapping

Answer 6

the process of using a graph to plot competitors and their products to understand competitor behaviour and spot a gap in the market

Question 7

price and income elasticity of demand

Answer 7

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

Question 8

segmentation, targeting and positioning

Answer 8

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

Question 9

7p’s

Answer 9

product, price, promotion, place, packaging, positioning and people.

Question 10

product life cycle

Answer 10

the length of time from a product first being introduced to consumers until it is removed from the market.

Question 11

Boston matrix

Answer 11

a model which helps businesses analyse their portfolio of businesses and brands.

Question 12

inventory control charts

Answer 12

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.

Question 13

breakeven charts

Answer 13

a chart that shows the sales volume level at which total costs equal sales.

Question 14

hackman and oldham

Answer 14

based on the idea that the task itself is key to employee motivation

Question 15

Maslows heirachy of needs

Answer 15

a model for understanding the motivations for human behavior

Question 16

herzberg

Answer 16

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.

Question 17

Taylor

Answer 17

all workers were motivated by money,

Question 18

mayo

Answer 18

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

Question 19

mcgregor theory x and y

Answer 19

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.

Question 20

SWOT

Answer 20

a planning tool which seeks to identify the Strengths, Weaknesses, Opportunities and Threats involved in a project or organisation

Question 21

pestle

Answer 21

studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation

Question 22

elkingtons triple bottom line

Answer 22

people, profit, planet

Question 23

kaplan and Norton

Answer 23

financial, organisational capacity, internal processes, customer

Question 24

CSR pyramid

Answer 24

This model gives the structure organizations need to meet the economic, legal, ethical, and philanthropic demands of Business

Question 25

porters 5 forces

Answer 25

Competition in the industry
Potential of new entrants into the industry
Power of suppliers
Power of customers
Threat of substitute products

Question 26

ansoffs matrix

Answer 26

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.

Question 27

porters generic strategies

Answer 27

“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

Question 28

Bowmans strategic clock

Answer 28

a comprehensive and easy to use strategy tool that provides options for positioning within a market based around price and perceived value.

Question 29

grainers model of growth

Answer 29

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.

Question 30

barrettes and ghoshals international strategies

Answer 30

indicates the strategic options for businesses wanting to manage their international operations based on two pressures: local responsiveness & global integration.

Question 31

Lewis force field analysis

Answer 31

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.