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ACE 231
Final Exam
55
Agriculture
Undergraduate 2
05/05/2013

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Term
Management
Definition
The attainment of organizational goals in an effective and efficient manner through planning, organizing, leading and controlling organizational resources
Term
The Process of Management
Definition
Planning, Organizing, Controlling Leading
Term
Social Entity
Definition
An organiztaion that is goal directed and deliberately structure
Term
Organizational Effectiveness
Definition
Providing a product or service that customers value
Term
Organizational efficiency
Definition
Refers to the amount of resources used to achieve an organizational goal
Term
Different types of management skills
Definition
Conceptual skills
Human skills
Technical skills
Term
Importance of Management Skills among different types of Managers
Definition
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Term
The Peter Principle
Definition
Rise to the level of incompetence
Term
The Dilbert Principle
Definition
Promote the incompetent because you don't want them doing "real work"
Term
Five Leadership Skills for Chris Management
Definition
1. Stay Calm
2. Be visible
3. Put people before business
4. Tell the truth
5. Know when to get back to business
Term
3 Big Outside Forces that Influence Management
Definition
Economic Forces
Political Forces
Social Forces
Term
Classical Perceptive of Management
Definition
1. Scientific Management
2. Bureaucratic
3. Administrative Principles
Term
The External Environment
Definition
General Environment
Task Environment
Internal En
Term
Culture
Definition
Set of key values, beliefs, understandings, and norms that members of an organization share.
Term
4 Types of Corporate Culture
Definition
Adaptability
Achievement
Involvement
Consistency
Term
The General Environment
Definition
Technological forces
Sociocultural forces
Economic forces
Legal/Political forces
International forces
Term
Three Domains of Human Action
Definition
Domain of Codified Law
Domain of Ethics
Domain of Free Choice
Term
Six Moral Right
Definition
Free consent
Privacy
Conscience
Speech
Process
Safety
Term
Levels of Personal Moral Developement
Definition
Level 1: Preconventional
Level 2: Conventional
Level 3: Postconventional
Term
Corporate and Social Responsibility
Definition
Decisions and actions that will enhance the welfare and interests of society and the organiztion
Term
Three P's of Sustainability
Definition
People
Planet
Profit
Term
Types of Corporate Responsibility
Definition
Economic Responsibility
Legal Responsibility
Ethical Responsibility
Discretionary Responsibility
Term
Goal
Definition
Desired future state that the organization attempts to realize
Term
Plan
Definition
A blueprint for goal achievement and specifies the necessary resource allocations, schedule, tasks and other actions.
Term
Organizational mission
Definition
The organization's reason for existence
Term
Strategic Goals
Definition
Official goals, broad statements describing the organization's future
Term
SWOT Analysis
Definition
Strengths
Weaknesses
Opportunities
Threats
Term
Program
Definition
Complex set of objectives and plans to achieve an important, one-time organizational goal
Term
Project
Definition
Similar to a program, but generally smaller in scope an complexity
Term
Policy
Definition
General guide to action and provides direction for people within the organizational internet use policy
Term
Rules
Definition
Describe how a specific action is to be performed
Term
Procedures
Definition
Define a precise series of steps to be used in achieving a specific job procedures for placing, filling, and recording a sales order.
Term
Three Stages of Crisis Management
Definition
Prevention
Preparation
Containment
Term
Five Competitive Forces
Definition
Potential New Entrants
Threat of Substitute Products
Bargaining Power of Suppliers
Bargaining Power of Buyers
Rivalry Among Competitors
Term
Classical economics
Definition
People try to maximize expected utility
Term
Prospect theory
Definition
People see choices as losses or gains
Term
Certainty
Definition
Situation in which all information is fully available
Term
Risk
Definition
Future outcomes associated with an alternatives are subject to chance
Term
Decision Fatigue
Definition
Quality of decision declines over time
Term
Decision Making Styles
Definition
Directive Style
Analytic Style
Conceptual Style
Behavioral Style
Term
Four Stages of Globalization
Definition
Domestic
International
Multinational
Global
Term
3 International Market Strategies
Definition
Exporting
Outsourcing
Franchising
Term
Product Change
Definition
A change in the organization's product or service outputs
Term
Technology Change
Definition
A change in the organization's production process
Term
Three Critical Innovation Strategies
Definition
Exploration
Cooperation
Entrepeneurship
Term
Discrimination
Definition
The hiring or promotion of applicants based on criteria that are not job related
Term
Affirmative action
Definition
Requires employers to take positive steps to guarantee equal employment opportunities for people of protected groups
Term
Performance Appraisal
Definition
360 degree feedback
Assessing performance accurately
Term
Performance Evaluation Errors
Definition
Stereotyping
Behaviorally anchored Rating Scales
Term
Big Five Personality Factors
Definition
Extroversion
Agreeableness
Conscientiousness
Emotional Stability
Openness to experience
Term
Perceptual Distortions
Definition
Stereotyping
Halo Effect
Projection
Perceptual Defense
Term
Personal Competencies
Definition
Self Awareness
Self Regulation
Motivation
Empathy
Term
What is leadership about
Definition
People and relationships
Influence
Goals
Term
Servant leadership
Definition
Transcend self-interest for the good of the organization
Term
Substitutes for Leadership
Definition
Highly Trained & Motivated Staff
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