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Exam (elaborations)

MGMT 310 La Tech Haynie Exam 1 || with 100% Errorless Answers.

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  • Course
  • MGMT 310 La Tech Haynie
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  • MGMT 310 La Tech Haynie

4 functions of management correct answers 1) planning 2) organizing 3) leading 4) controlling POLC Planning correct answers choose appropriate organization goals and courses of action to best achieve those goals Organizing correct answers establish task and authority relationships that ...

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  • August 27, 2024
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  • 2024/2025
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  • MGMT 310 La Tech Haynie
  • MGMT 310 La Tech Haynie
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MGMT 310 La Tech Haynie Exam 1 || with 100% Errorless
Answers.
4 functions of management correct answers 1) planning
2) organizing
3) leading
4) controlling

POLC

Planning correct answers choose appropriate organization goals and courses of action to best
achieve those goals

Organizing correct answers establish task and authority relationships that allow ppl to work
together to achieve organization goals

Leading correct answers motivate, coordinate, and energize individuals and groups to work
together to achieve organizational goals

Controlling correct answers establish accurate measuring and monitoring systems to evaluate
how well the organization has achieved its goals

Management correct answers *(1)* pursuit of organizational goals efficiently and effictively by
*(2)* integrating the work of ppl through *(3)* planning, organizing, leading, and controlling the
organization's resources

Efficiency correct answers getting work down with a minimum of effort, expense, or waste

Effectiveness correct answers accomplishing tasks that help fulfill organizational objectives such
as customer service and satisfaction

Sources of Competitive Advantage correct answers 1) Innovation
2) Quality
3) Service
4) Speed
5) Cost competitiveness

IQSSC

Innovation correct answers -the introduction of new goods and services
-often the most important innovation is not the product itself but how it is delivered

Quality correct answers -the excellence of your product (goods or services)
-historically, quality referred to attractiveness, lack of defects, reliability, and long term
dependability

, Service correct answers dependability with which an organization delivers what customers want

Speed correct answers fast and timely execution, response, and delivery of results

Cost competitiveness correct answers keeping costs low to achieve profits and be able to offer
prices that are attractive to customers

Surveys correct answers one of the primary methods of collecting info for OB research
-basic question and answer
-can be open- or close-ended ?'s

Field studies correct answers -often involve experimental design
-a particular population will be divided into a treatment group and a control group

Case studies correct answers -in depth description of a single company or industry
-involve a great deal of detail about the topic being studied, but difficult to generalize to other
areas

Meta-analysis correct answers -technique used to summarize what other researchers have found
on a given topic
-variables from several studies are weighted and analyzed to determine if the effect holds or not

3 broad skills managers need correct answers 1) technical skills
2) conceptual and decision skills
3) interpersonal and communication skills

Technical skills correct answers ability to perform a specialized task involving a particular
method or process (e.g., web design)

Conceptual and decisions skills correct answers ability to identify and resolve problems for the
benefit of the organization and its members (e.g., picking a new divisional office location)

Interpersonal and communication skills correct answers ability to lead, motivate, and
communicate effectively with others, soft skills (e.g., counseling employees)

3 roles that all managers perform correct answers 1) interpersonal roles
2) informational roles
3) decisional roles

Interpersonal roles correct answers leader, liaison, figurehead

Informational roles correct answers monitor, disseminator, spokesperson

Decisional roles correct answers entrepreneur, disturbance handler, resource allocator, negotiator

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