Mgmt 300 - Study guides, Class notes & Summaries

Competitive Landscape - GLOBALIZATION TECHNOLOGY CHANGE COLLABORATION KNOWLEDGE MANAGEMENT GLOBALIZATION - Corporations operate worldwide, transcending national borders by tapping international markets TECHNOLOGY CHANGE - Engagement in artificial intelligence (AI) and machine learning, data protection, 5G etc. The internet can be a threat and business opportunity. AI can interfere between humans and technology and society COLLABORATION - Requires productive communications among diffe...

Management correct answers attainment of organizational goals in an effective and efficient matter through planning, organizing, leading, and controlling organizational resources Basic Functions of Management correct answers 1. Set objectives 2. Organize 3. Motivate and Communicate 4. Measure 5. Develop People Organization correct answers a social entity that is goal directed and deliberately structured Organizational Effectiveness correct answers degree to which an organization ach...

entrepreneurship (4) - 1. process of *initiating* a business venture 2. organizing the necessary *resources* 3. assuming the associated *risks* 4. enjoying the *rewards* how many employees do most small businesses have? - none 5 types of small business owners - 1. idealists 2. optimizers 3. hard workers 4. jugglers 5. sustainers idealists - rewarded by chance to work on something new and creative optimizers - get personal satisfaction from being business owners hard workers...

MGMT 300 - Organizational Behavior Exam 1 Questions with Correct Answers

MANAGEMENT correct answers IS GETTING WORK DONE THROUGH OTHERS EFFICIENCY correct answers IS GETTING WORK DONE WITH A MINIMUM OF EFFORT, EXPENSES, OR WASTE. EFFECTIVENESS correct answers IS ACCOMPLISHING TASKS THAT HELP FULLFILL ORGANIZATIONAL OBJECTIVES SUCH AS CUSTOMER SERVICE AND SATISFACTION. PLANNING correct answers INVOLVES DETERMINING ORGANIZATIONAL GOALS AND A MEANS FOR ACHIEVING THEM. ORGANIZING correct answers DECIDING WHERE DECISIONS WILL BE MADE, WHO WILL DO WHAT JOBS AND...

Business is all about what? - Results and achieving them the right way What is the Global Business System? - Business is a global system of interdependent and interconnected parts Every job in some way is related to what 4 financial measures? - - How is Revenue impacted? - How is Cost impacted? - How is Cash FlowImpacted? - How is Break-Even impacted? Purpose of BOE Financials? - To quickly understand the financial results of a business in order to take action where appropriate To h...

chapter 1 : 1. Definition of OM and 3 core issues correct answers Operations Management (OM) - science and art of ensuring that goods and services are created and delivered successfully to customers. 3 Core Issues 1. Cost A. Sales products service = revenue B. Marketing = how to sell more * minimize cost ( revenue / cost = revenue) 2. Efficiency - closely related to cost - how well resources are used in creating output 3. Quality - low quality = people will not buy - ...

"Great Man" theory - explained leadership by examining the traits and characteristics of individuals considered to be historically great leaders Acquired needs theory - Individuals are driven or motivated by three types of needs: 1) Need for Achievement 2) Need for Affiliation 3) Need for Power Adjourning stage - Occurs when a team has completed its task and the team is disbanded Adjustment heuristic - Individuals make estimates or choices based on a certain starting point - first ...

MGMT 3000 CH. 2 EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024/2025 Peter Drucker is credited with providing the first modern handbook on the subject of ______. sales production finance management D Select the two overarching perspectives about management: A.historical B.classical C.quantitative D.behavioral E.contemporary A,E What are the two branches of the classical viewpoint of management? A.behavioral B.administrative C.scientific D. contingency B,C Scientif...

Define *management* correct answers Is the attainment of organizational goals in an *effective* and *efficient* manner through *planning*, *organizing*, *leading*, and *controlling* organizational resources. How to be an effective manager? correct answers Today's effective manager is an enabler who helps people do and be their best. Managers employ an empowering leadership style. What are the 4 functions of management? correct answers *Planning* (setting goals and deciding activities) ...