Unit 1 Test Flashcards
James 4: 13 -17
Look here, you who say, “Today or tomorrow we are going to a certain town and will stay there a year. We will do business there and make a profit.” 14 How do you know what your life will be like tomorrow? Your life is like the morning fog—it’s here a little while, then it’s gone. 15 What you ought to say is, “If the Lord wants us to, we will live and do this or that.” 16 Otherwise you are boasting about your own pretentious plans, and all such boasting is evil.Remember, it is sin to know what you ought to do and then not do it.
What was James’s message and to whom did he write it?
- Speaking to business owners
- when we plan we ought to plan according to God’s will
How did James expand our understanding of sin?
If we know what is right and refuse to do it we sin
What important business activity is planning closely associated with?
Goal setting
What does SMART goal stand for?
S: specific
M: measurable
A: attainable
R: Relevant
T: Time-bound
the Planning Cycle
Plan -create the plan
Do - implement the plan
Check - monitor the results
Act - modify if needed
What kinds of goals are more successful than others?
A difficult specific goal
How are the types of planning similar?
All meant to help you achieve a goal
How are the types of planning different?
They all have different purposes
The most valuable resource to have is ___________
people
It’s good to have a ________ it’s better to have a __________
goal / plan
The _______ is the best ____________ of the future
past / predictor
What gets ____________ gets __________ if you can’t you ________ not do it.
measured / done / ought
Good news _______ wait, bad news ________
can / can’t
4 things a leader does
Believe, encourage, challenge, correct
A good employee wants to know what 3 things?
What’s my job?
Who’s my boss?
How am I doing?
What is the most significant and challenging thing you will do as a leader/manager?
catching people doing things right
How does an action plan support the achievement of a goal?
helps you measure and plan it out
What makes organizing necessary?
because resources are limited
What is centralization?
- the placement of power and decision-making in an organization
- power given to one person
- centralized organizations move faster than decentralized
- most effective in businesses that perform repetitive tasks with a high level of predictability
What is decentralization?
- Decision-making authority is shared throughout the organization
- employees have power
- organizations with complex and dynamic activities
The typical organization has a ______________ form with clearly defined _________ and _________________
hierarchical / roles / responsibilities
Mechanistic
top town hierarchy
narrow span of control
Organic
Flexible
Wide span of control
everyone participates
Tall Organizations
many levels of management
Flat Organizations
few levels of management
Bureaucracy says organizations become more efficient when they…
- divide the duties of labor
- allow people to specialize
- create structure that allows them to coordinate their efforts
5 elements of bureaucracy
- specialization
- command and control
- span of control
- centralization
- formalization
leading =
influence
3 versions of God’s will
- perfect or sovereign will
- moral will
- permissive will
What’s the way of wisdom according to James?
- collect as much information as you can
- seek wise counsel
The decision-making process
- recognize a decision needs to be made
- generate different alternatives
- Analyze the alternatives
- select the best option
- implement the decision
- evaluate its effectiveness
What is swot analysis used for?
helps companies know what decisions they need to make
What does swot stand for?
S: Strengths
W: Weaknesses
O: Opportunities
T: Threats
Vision Statement
- aspirational
- tomorrow-focused
- big picture
- never achieved
Mission statements
- short but have more detail
- creates expectations
- based on reality
- memorable
- assertive - what we will do
Bureaucratic Control
works where :
- tasks are certain
- workers are independent
Market control
works best where
- tangible output can be identified
- markets can be established between the parties
Clan Control
Works best where:
- no “one best way” to do something exists
- employees are empowered to make decisions
MBO (management by objective)
- collaborative between managers and employees
- identify common goals
An MBO employee…
- follows the action plan to achieve expectation
- monitors their own performance
- recommends necessary changes
Six Sigma
- designed to reduce defects in organizational processes
- intense statistical analysis of business process
- follows a cycle of testing
MBWA (management by walking around)
- makes managers experience what’s going on in their business
- designed to be informal yet observant
Perpetuity means …
forever
