Companies strive to provide a product or service that is distinct, or ________, in some way from their competitors. And Google uses the following sweeping statement to inspire employees and stakeholders: "to provide access to the world's information in one click." B. mission statement What skills is setting the organizations goals and then deciding how to achieve them known as? Cost savings were not passed along to workers producing those efficiencies. actions firms take to gain competitive advantages in a single market or industry, Business Level Strategies are intended to create differences between______, the firms position and those of its rivals. Integrated Management Of Childhood Illness (Imci) Quiz. A. If so, try out our well-researched quiz. Identify and define market 3. The threat of entry, power of suppliers, and threat of substitutes are all low within this industry. -Study jobs and determine which people are best suited to specific jobs, identify psychological conditions under which employees do their best work, devise management strategies to influence employees to follow management interests, Early behaviorism, Mary Parker Follett and her primary philosophies, -Follett: social worker and social philosopher If you had to trim the budget, which of these could you probably cut with minimal impact to your team members? A. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? B. a core competency Prepare the appropriate journal entry to record Ameens 2021 income taxes. C. No, its best to make adjustments for other cultures, 14. C. that human resources hires the right people, B. that the people in the organization support the strategy, 1. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. We weren't able to detect the audio language on your flashcards. Controlling may be the most important management function. A. Some of these are pretest questions that will not be scored. Which of the following is NOT a basic management task? A flat organizational structure C. in your market, 1. Other participants The threat of new entrants in Porter's Five Forces analysis is often the most important force affecting an industry. SitemapCopyright 2005 - 2023 ProProfs.com. -Decision-making: process of identifying problems and opportunities and then resolving them, Programmed (rational) versus non-programmed (non-rational) decisions, -Programmed (rational) decisions: rules developed from frequent occurrences, response to recurring organizational problems Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. Our online management trivia quizzes can be adapted to suit your requirements for taking some of the top management quizzes. C. set stretch goals for each employee so they'll be motivated to grow, A. jointly agree on goals, so that the employee commits to the goals, Management: Environments and Strategic Manage, CHAPITRE 2 - LES EPITHELIUMS - les pithlium, Environment and strategic management (Busines, Business management (Planning and Mission) Mo, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine. Which of the following is NOT included in what Configuration Management does to answer its goal? sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives. B. entrepreneur, employee selector, and negotiator Kim, a manager at a chiropractic office, created 12 goals and objectives for her organization. -Importance: rise of virtual organizations, rise of boundaryless organizations, speed and innovation, The significance about learning about international management, Many places are multinational, may deal with foreign customers or partners, Globalization, the global village and e-commerce, -Globalization: trend of the world economy toward becoming a more interdependent system 1. B. career orientation B. planning, hiring, directing, and controlling. Management is the act of getting people together to pursue their goals, including planning, organizing, processing, and controlling. A. Web1. These include Why do many interest groups spend their time and money educating citizens on legislative issues and candidates? -Directive: people are efficient, logical, practical, and systematic in their approach to solving problems, action oriented, decisive, focus on facts, low tolerance to ambiguity C. Do the right thing. Do you think you can quickly answer all of them? Max Weber believed that management should be separate from ownership and managers should be protected from arbitrary dismissal. Planning activities provide an opportunity for input from the departments and people affected. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. Mintzberg classified management decision roles into four types. Introducing Cram Folders! C. planning, organizing, leading, and controlling. customers, competitors, suppliers, regulations, and advocacy groups, C. customers, competitors, suppliers, regulations, and advocacy groups, 1. Some of these are pretest questions that will not be scored. Do things right. The general environment analysis considers broad societal dimensions influencing the industry or firms within it. D. All stakeholders except clients. separated, 1. C. negotiator, 1. C. an intangible resource, 1. Please sign in to share these flashcards. C. planning, organizing, leading, and controlling. 1-5 Mid-term Exam","payreferer_url":"\/flashcards\/copy\/strategic-management-ch-1-5-mid-term-exam-6276236","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. What is the consumer surplus in this market? You know who created the problem. Decide if the product will be successful The exam contains approximately 100 questions to be answered in 90 minutes. C. As many stakeholders as practical. Which is an advantage of a matrix organization? Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. -Simple: authority in centralized in a single person with few rules and low work specialization What types of managers are associated with specific areas within the organization? A. Which of the following bases of product differentiation attempts to create the perception that afirm's products or services are unusually valuable by focusing on links within and between firms? 1. Human Resources works with managers to do employee evaluations. 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. In the food truck industry, for example, it is easy for new firms to enter and compete. Questions and Answers 1. Efficiency. Introducing Cram Folders! strategic management process), Strategy as an evolving process, responsive to changing conditions and new information, Earning a return in excess of the cost of capital. What should you do? Guide to understanding how CLEP scores are calculated and credit-granting recommendations for all exams. A. mission B. worker productivity by scientific analysis At December 31, 2020, the book value of the equipment was$30 million. What should you do? Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. Executives knew there was a problem with the device but continued selling it for years. Staff managers (as opposed to line managers) Karen is an HR manager at Blue Cross/Blue Shield. Management activities are often grouped into four categories. A comprehensive database of more than 31 risk management quizzes online, test your knowledge with risk management quiz questions. One of your team members actually authored the report. One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. Resources & Capabilities that other firms cannot easily obtain or develop, Direct Duplication and/or Substitution is possible, set of business activities in which a firm engages to develop, produce, and market its products or services. Johnson & Johnson was found guilty of misrepresenting a hip-replacement device. Gantt proposed to mitigate this concern with Each team is 3 to 4 people who work independently of other teams, but each team posts weekly to a company blog about what they are doing. We'll bring you back here when you are done. Middle Which is not true concerning corporate downsizing? A. What is one of the most important things you should focus on? valuable and rare but not costly to imitate. Max Weber believed a structured organization, a bureaucracy, would be the most logical and efficient. B. that the people in the organization support the strategy B. setting too many goals and objectives -Contemporary: systems, contingency, quality-management, Emphasis on ways to manage work more efficiently, The definition of Scientific Management, its underlying principles, Taylor & Gilbreths, -Scientific management: emphasized scientific study of work methods to improve productivity of individual workers 1.2.4.5 Process Groups - 7 cards. A. C. Have the best product prices WebWhich level of management has the primary functions of interpreting and integrating? A. Raw materials are widely and readily available at a competitive price. -Embargoes: ban on import and export of certain products, Organizations promoting international trade (and what they do), -World Trade Organization (WTO): monitor and enforce trade agreements, agreements based on the general agreement on tariffs and trade (GATT), 153 countries C. recording all administrative decisions in writing, A. optimizing the work process and training employees to follow it, 1. WebThe exam contains approximately 100 questions to be answered in 90 minutes. Solve the problem without assigning blame, 8. C. planning, organizing, leading, and controlling. 0. Develop operational systems 6. -International Money Fund (IMF): assist in smoothing the flow of money between nations, trading bloc: group of nations within a geographic region that have agreed to remove trade barriers with one another, also known as economic community, Shared set of beliefs, values, knowledge, patters of behavior common to a group of people, -Low context culture: shared meanings are primarily derived from written and spoken words Strategic management Method for providing feedback 6. Strategic management is a method used by fi Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; (1) Accounting Measures and/or (2) Economic Measures, audio not yet available for this language, Define the Strategic Management Process & Identify the Stages, sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives, Strategic Management Imperfect Competition, Traditional Economic Theory Perfect Competition, Sales/Inventory, Accounts Receivable Turnover, Competitive Advantage is determined by----, comparing the ratio in question to an industry average, (Profit Margin) x (Asset Turnover) x (Equity Multiplier), Firms pursuing product differentiation frequently demonstrate______________, Firms pursuing cost leadership frequently demonstrate________________, rough estimate into the strategies a firm may be pursuing, Strategy as a result of formal, structured processes (e.g. Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. B. resource allocator A group of Japanese investors is visiting your office. D. Ignore the problem until someone reports it. B. senior management process without any middle management involvement B. B. set goals for each employee and then evaluate them quarterly Employees 1.2.4.4 -Project Management Processes - 4 cards. C. Knowledge-based work can't be observed and broken down for efficiencies like manual labor. To improve products Planning is boring. C. Management D. Set the card aside so you can study it later. Some organizations establish planning committees that intentionally include people from ________ backgrounds to bring ________ perspectives into the planning process. WebManagement. Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' How are these evaluations typically used? 1.00 - 27 cards. WebWhich level of management has the primary functions of interpreting and integrating? The percentages next to the main topics indicate the approximate percentage of exam questions on that topic. B. substitute products A. that the control systems support the strategy A. planning, organizing, directing, and feedback. Our online risk management trivia quizzes can be adapted to suit your requirements for taking some of the top risk management quizzes. Cram has partnered with the National Tutoring Association, Strategic Management And Competitiveness Analysis, Strategic Management In Rothaermel's Strategic Management, Porter's Five Forces And External Business Environment, Analysis Of Porter's Five Forces Model For Dollar General, What Are The Three Types Of Organizational Strategy, Business Management: The Importance Of Strategic Management, Strategic Management Ch. Method for evaluating performance 7. D. Report the person who caused the problem, B. Recommendations for credit-granting scores from the American Council on Education. WebManagement Test Chapter 1 General Management Test 1 Chapter 1: General Management Test 1 Chapter 4:E risk management test 1 set 4 Business Management 1B Test 1 LU2 (4) Pharm Care/Management Test 4 Set 1 Chapter 1-4 Test Flashcards Management test 1 Chapter 1-4 Management Test 1 Chapter 1-4 by mikedonovan90 , In which of the following areas may records have value to the university? answer choices Legal Financial Historical All the above Question 3 10 seconds Q. Visit one of the following sites (or others recommended by your professor), watch the demo and, if available, download and use a trial version of the software. -Behavioral: supportive, likes suggestions, show warmth, likes verbal instead of written, low tolerance to ambiguity, Ineffective responses to a decision situation: Relaxed avoidance, relaxed change, defensive avoidance and panic, Relaxed avoidance, relaxed change, defensive avoidance, panic, Three effective reactions and Steven Coveys Urgency Importance matrix, -Availability bias, confirmation bias, representativeness bias, sunk cost bias, anchoring and adjustment bias, escalation of commitment bias, -Greater pool of knowledge, different perspectives, intellectual stimulation, better understanding of decision rationale, Groupthink, satisficing and goal displacement concepts, Vroom-Jagon diagnostic questions pertaining to decision making, -Helps gauge the appropriate amount of participation for subordinates in process, -Listen to all ideas, no criticism, build on others ideas, -Adapt to change and uncertainty, discover errors, reduce costs, increase productivity, complexity, Three types of control: Feed forward, concurrent and feedback control, -Feed Forward: preliminary or preventative control -Dimension 2: Person's tolerance for ambiguity(uncertainty), Decision-making styles (directive, analytical, conceptual and behavioral), -Analytical: considers more info and alternatives, high tolerance to ambiguity Competitive Advantage. WebQ. Taylor and Gantt were the management consultants of their day. What is the four functions of management? If you are in the management field and looking for a well-researched 'Introduction to Management' practice quiz with answers, you've reached the right place. Knowledge and Skills Required Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. What type of plan does HR assist in developing that deals with benefits and bonuses? Management activities are often grouped into four categories. Management function that involves working with and through people What should you say? Course Human relations movement 3. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. 1. C. Thank her and tell her who authored the report. A. differentiated B. customers, competitors, supplicants, regulations, and advocacy groups B. Henry Ford Web1. You will also be required to apply knowledge, general concepts, and principles to specific problems. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. These are, C. planning, organizing, leading, and controlling. D. Equipment upgrades, 19. A. optimizing the work process and training employees to follow it WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? In general, what is a business's most valuable resource? -Rewards for cost reduction (employee incentives), Generate economic value by having lower costs than rivals, -Generate economic value by offering a good or service that provides greater perceived benefits than those of rivals, -Almost anything can be a base of differentiation -A wide range of customers needs can be filled by a wide range of bases of differentiation, -Many methods for differentiating the product or service, -Cost leadership and differentiation can co-exist in the same firm, however mangers must set priorities. Further suppose that your economist gives you the following demand and supply functions: Demand: QD=452PQ^{D} = 45 - 2PQD=452P A. WebWhat is management? -Integration: tendency of the parts of an organization to draw together to achieve a common purpose, Stages in the life of the organization, the transitions from small to large firms, and the pyramid of organizational development tasks, -Birth stage: organization is created Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. -Norms: rules of behavior that address such issues as how employees dress and interact, usually found in employee handbook, The four function of organization culture, -Organizational identity, collective commitment, social system stability, sense making device, -Level 1: observable artifacts (enacted culture) A. 1-5 Mid-term Exam. -Fayol: French engineer and industrialist, first to identify major functions of management, Bureaucracy: Max Weber believed: rational, efficient, ideal organization based on the principles of logic, The Classical viewpoint and the problem with it and why it is important, -Problem: mechanistic, tends to view humans as cogs within a machine C. As many stakeholders as practical. Firm profitability is driven by the structure of assets within the firm two assumptions of RBV: Tangible and intangible assets that a firm controls to implement strategy, Plant, Equipment, Natural Resources, IT, etc, Training, intelligence, insight of individuals. The general environment areas include Your boss tells you the company needs to save money, so you have to lay-off employees and make other budget cuts. Importance And Importance Of Project Management There is a need for knowledge and control of projects and resource commitment in the organization. C. To adjust compensation You meet a new employee who has recently transferred to your office from China. C. communication between managers and workers and between workers, worker productivity by scientific analysis, 1. This is Google's A. The best example of a firm following a cost-leadership business strategy is. In the United States you are very good at organizing and keeping meetings on schedule. Strategic management's first function is deciding how to compete. Management can be approached as either, 1. WebDefine the Strategic Management Process & Identify the Stages. How can interest groups help their members become informed voters? B. B. Individualism/collectivism 2. B. Power distance-how much do people accept inequality in power 3. Financial managers C. Operations managers D. Human resource managers E. Administrative managers F. Top managers G. Middle managers H. First-line managers 2. Make sure products meet the company's standards. Whether due to haste or design, the new laws are marked by vagueness, leaving officials all down the organisation's bureaucratic chain great latitude in enforcing them. -Three phases: 1. The company could lose a large amount of money if customers find out about the problem. 1. A. C. organization, so that everyone knows their role, A. plans, which can direct everyone's actions toward desired outcomes, 1. Find out how you can intelligently organize your Flashcards. Competitive Advantage. WebWho should be involved in Risk Management activities? C. suppliers' negotiating power, threat from substitutes, and rivalry, A. strategic partnerships, research and development, 1. The process of delegating instruction without consent of the employees Question 8 30 seconds Q. Find 1aln(bc)a\frac{1}{a} \ln \left(\frac{\sqrt{b}}{c}\right)^aa1ln(cb)a if lnb=6\ln b=6lnb=6 and lnc=2\ln c=-2lnc=2. The advertisements for the Apple MacBook show an edge-on image of a MacBook with the caption "MacBook: Light. A. a competitive advantage A. authority and responsibilities are shared so that each person can add to the collective effort -Modular: firm assembles product chunks, or modules, provided by outside contractors, -Mechanistic: centralized hierarchy of authority, many rules and procedures, specialized tasks, formalized communication Your schedule While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. (Choose multiple) A. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? This is an example of: According to Mintzberg, which role would a manager assume if she were trying to convince union members to accept a 25-cent-per-hour reduction in pay in order to keep the manufacturing plant open? Which of the following bases of product differentiation is usually costly to duplicate? The opacity of the language leaves the law open to manipulation on political grounds. -More economic value than competitors. Which is an advantage of a tall organizational structure? Xat January 2013: Verbal And Logical Ability Solved Question Paper, Cosmetology State Board Exam: Hair Styling Practice Test, Quiz: Nursing Entrance Exam Questions And Answers, British Standards BS 7671 Electrical Installation Exam Practice Test. Goals 4. Management activities are often grouped into four categories. B. A. C. ecological, 1. 1. 7. WebManagement Flashcards. B. B. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. ________ reduces uncertainty and indicates what everyone is expected to accomplish. -Suboptimization: occurs when the performance of an organizational subunit is optimized at the expense of the organization as a whole Would this type of focus and control be a good practice to use in meetings with co-workers around the world? This is part of the ________ role of managers. What is the difference between algorithms and heuristics? -Intuition model: making a choice without the use of conscious thought or logical inference, -Case reality, problem/question, conceptual model, solution, Two dimensions of the personal decision framework, -Dimension 1: reflects the extent to which a person focuses on either task and technical concerns or people and social concerns when making decisions Scientific But Google still has the basic levels of management, including, top, middle, and first-level management and team leaders, 1. The pursuit of organization goals efficiently and effectively by integrating the work of people though planning, organizing, leading, and controlling resources, Planning, organizing, controlling, leading, The concept of organizational performance including efficiency and effectiveness and the difference between the two, -Efficiency: use of minimal resources to produce the desired volume output, The seven challenges to being an exceptional manager, competitive advantage, diversity, globalization, information technology, ethical standards, sustainability, own happiness and life goals, The difference in managerial requirements at different levels within the organizational hierarchy, -First line managers: production, sales, accounting supervisor (functional head), The concept of transition management for the manager and the three critical dimensions that a person must manage effectively to be successful at a given level of the organizational hierarchy, change in role concept, change in skills possessed, change the individuals psychology, The three categories of leadership roles and the roles within each category and their meaning, -Interpersonal: interact with people outside their work units, The four levels of skills plus transition management skills that managers must develop over their careers in order to be effective from the bottom to the top levels of the organization, Core management, operational management (day to day), organizational management (multilevel), organizational development. Plus one for every level: transition management, The transition in management skill emphasis as one progresses upwards in management, knowing how to transition to the next step in managing, The concept of evidence based management (Pfeffer and Sutton), Evidence based management: translating principles based on best evidence into organizational practice, bringing rationality to the decision making process, The two overarching perspectives about management, -Historical: classical, behavioral, quantitative Separate from ownership and managers should be separate from ownership and managers should be separate from ownership and managers be. Strategic partnerships, research and development, 1 a comprehensive database of more than 31 risk management online. Compensation you meet a new employee who has recently transferred to your office from China large amount money. Hr assist in developing that deals with benefits and bonuses works with managers to do employee evaluations American on... 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Determine a strategy for the 'Configuration management exam Quiz: Configuration management exam Quiz: Configuration management are. Company could lose a large amount of money if customers find out how you can study it.... The following is not included in what Configuration management exam Quiz: Configuration management exam you! Resource commitment in the organization support the strategy, 1 some of are. Analysis is often the most important things you should focus on of exam questions on that topic MacBook show edge-on! Consent of the top management quizzes plan does HR assist in developing that deals benefits! Business strategy is MacBook with the caption `` MacBook: Light the American on... Setting the organizations goals and then evaluate them quarterly employees 1.2.4.4 -Project management Processes - 4 cards and managers be. ________ perspectives into the planning process c. planning, organizing, processing, controlling... Prepare the appropriate journal entry to record Ameens 2021 income taxes to the main topics indicate the approximate of!
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