Mgt 3301 - Study guides, Class notes & Summaries

Define performance management correct answers the process through which managers ensure that employees' activities and outputs contribute to the organization's goals an ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization. process includes clarifying expectations, setting objectives, identifying goals, providing feedback, and reviewing results. Step 1 Performa...

Mgt 3301 UHD Ch. 10 Exam Questions And Accurate Answers...

MGT 3301 Exam Chap 3 & 4 Questions and Answers 1) Customers are stakeholders of an organization, but managers are not. - Answer: FALSE 1) When new competitors enter an industry, prices in the industry typically increase. - Answer: FALSE 10) Although a slight bias toward a particular group can seem unimportant, it can lead to very large differences between groups over time. - Answer: TRUE 10) Societies that are high on uncertainty avoidance, such as the United State...

MGT 3301 Ch. 6 Exam Questions and Answers The cluster of decisions that managers make to assist an organization to achieve its goals is known as A) strategy. B) scenario planning. C) organizing. D) needs assessment. - ANSWER A) strategy. A broad declaration of the organization's overriding purpose, which is intended to identify the organization's products and customer base, as well as to differentiate the organization from its competitors, is known as a ________ statement. ...

MGT 3301 midterm Exam Questions and Answers Which of the following refers to the pattern of faulty and biased decision making in which team members strive for agreement among themselves at the expense of accurately assessing information relevant to a decision? skunkworks satisficing brainstorming groupthink - ANSWER groupthink Which of the following statements is true for a manager intending to create a learning organization? Only the top managers are allowed to develop a sens...

Mgt 3301 Final Review Questions and Correct Answers ________ is the behavior a leader engages in to support and encourage followers and help them improve and grow on the job. - ANSWER developmental consideration Phil works for a fiber optics component manufacturer and deals with cuttingedge technology. He needs the workers he supervises to produce creative products regularly. Since he effectively supports his workers and understands the motivations and strong emotions they feel whe...

MGT 3301 Exam Questions with Complete Solutions Superior efficiency, quality, innovation, and responsiveness to customers are the four building blocks of - ANSWER competitive advantage The four building blocks of competitive advantage are... - ANSWER The four building blocks of competitive advantage are superior efficiency, quality, innovation, and responsiveness to customers. As managers ascend the managerial hierarchy, the more time they spend - ANSWER Plannin...

MGT 3301 Chapter 2 Exam Questions and Answers Internal dimension - ANSWER Originating in other countries, this dimension can influence all other dimensions in the general environment. Legal-political dimension - ANSWER When a government regulates the way industries do business, this dimension is at play. Suppliers - ANSWER Companies make their products using goods purchased from these companies. Competitive intelligence - ANSWER When an organization ...