Mgmt 3000 guhde exam Study guides, Class notes & Summaries

MGMT 3000 GUHDE EXAM 1

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 3000 Guhde Exam 2 Questions and Answers | Latest Update | 2024/2025 | Graded A+ What is the role of organizational design in management? It involves structuring the organization to achieve its goals effectively. How does decentralization impact decision-making? It empowers lower-level managers to make decisions, promoting agility and responsiveness. What is the primary goal of job specialization? To increase efficiency by allowing employees to focus on a specific set of tasks. H...

today's effective managers... (4) - correct answer 1. do more with less 2. engage employees hearts, minds, and energy 3. see change as natural 4. inspire vision and cultural values that allow people to create a collaborative and productive workplace management definition - correct answer the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizat...

Idealist Motivation - correct answer (INNOVATION) Small-business owners who are rewarded by the chance to work on something new and creative. Optimizer Motivation - correct answer (FULFILLMENT) Owners who get personal satisfaction from being business owners. Hard Worker Motivation - correct answer (CHALLENGE) Owners who thrive on the challenge of building a larger, more profitable business Ju...