Mgmt 301 - Study guides, Class notes & Summaries

These are in-depth notes for Professor Ronald Johnson's MGMT 301 course at Penn State University Park, written in Spring 2023. These notes are comprised of both material from the course packet and book, in addition to the in class questions.

MGMT 3013 EXAM 2 question and answers rated A+ passedplanning - correct answer setting goals and deciding how to achieve them business plan - correct answer A document that outlines a proposed firm's goals, the strategy for achieving them, and the standards for measuring success business model - correct answer outlines the need the firm will fill, the operations of the business, its components and functions as well as the expected revenues and expenses. strategy - correct answer a larg...

Zappos + Culture correct answers -values -What do you see in a company? -what a company says -What do you see/say about yourself? *Observational and Core Culture* Managers Must: correct answers 1. Develop culture 2. Encourage innovation 3. Manage change *DEM* Cultural Fit correct answers -#1 reason people leave jobs -lack of cultural fit -urban vs rural Culture Definition correct answers -system of shared beliefs/values guiding behavior (internal) -"the way we do things a...

These are in-depth notes for Professor Ronald Johnson's MGMT 301 course at Penn State University Park, written in Spring 2023. These notes are comprised of both material from the course packet and book, in addition to the in class questions.

Managers Must Big 3 correct answers Develop Culture Encourage Innovation Manage Change Cultural Fit correct answers High Impact on People leaving their jobs Culture includes: correct answers Personal, Organizational, Corporate, Global Personal correct answers Celebrity Culture (Cultural Fit) Organizational correct answers IBM & The Masters Golf Corporate correct answers Disney & Mickey Mouse 4 elements of Corporate correct answers Shapes Attitudes Reinforces Beliefs Direct ...

EAP correct answers Excellent Performance Academic Integrity Professional Behavior Structure correct answers -Anything composed of parts arranged together in some way -Structure is EVERYWHERE Structure Examples correct answers -Tallest Domino Structure in the world -Human Body = most amazing structure -Highways, PSU, THON, Family, Video Games, etc. Organizing Basic Definition correct answers -Arranging tasks, people, and other resources to accomplish work Organization Structure ...

Consider the following project network, with task duration data (in days provided) A1,B4,C2,D2,E7,F1,G2,H3,I1,J1 Which of the following is the completion time for this project? correct answer: 11 days Which two steps in the forecasting process are most likely to get skipped or ignored in practice? correct answer: Validation and monitoring Calculate MAD using the following data. Demand for the past 4 periods was: 342,355,349,348; Forecasts for the past 4 periods was: 347,349,348,348 corr...

Block diagramming A. Uses quantitative information in the determination of a layout B. Is a method of developing a product oriented layout C. Uses qualitative information in the determination of a layout D. All of the above E. None of the above correct answers Uses quantitative information in the determination of a layout Unlike most of the scheduling rules discussed in class, Johnson's rule actually finds an "optimal" production schedule. correct answers True Sequencing rules...

Self-Management correct answers The capacity to act with a strong sense of self-awareness. Manager correct answers Someone who is formally in charge of a small work group composed of nonmanagerial workers/ Levels of Management correct answers Top Managers, Middle Managers, First-line Managers, Nonmanagerial Workers Top Managers (Business) correct answers Ex: CEO, President, VP. Report to Board of Directors Future oriented Top Managers (Nonprofit) correct answers Ex: Executive dire...

Planning (Definition) correct answers The process of setting performance objectives and determining how to get them done Two types of personal planning (Work Style & Life Style) correct answers Judging and perceiving (you will have a dominant personality) Judging correct answers Very structured, organized, at work and play, straight line Perceiving correct answers Flexible, spontaneous, circle Big Four correct answers Planning, controlling, strategy, structure 4 components of good...

MGMT 301 Exam #3 PSU Verified Questions And Answers 2023/2024 MGMT 301 Exam #3 PSU Verified Questions And Answers 2023/2024