Shared Flashcard Set

Details

MGT 301
Exam 1
56
Management
Undergraduate 2
02/05/2008

Additional Management Flashcards

 


 

Cards

Term

How To Deal With a Toxic Boss (7)

Definition

1. Ask hard questions before getting hired

2. Observe others’ responses

3. Be specific

4. Don’t talk to peers about boss

5. remember human resourse department has no control over managers

6. keep a log or journal of problems as they happen (not electronic)

7. always be networking

Term
Informational Interviews
Definition

- brief (less than 30 min) -frequent

-not designed to ask for a job

- ask about career path

- ask about skills required, activities, lessons learned

-DO NOT BRING RESUME

 

Term
Character Equation
Definition

Character à Respect à Trust à Follow

Term
3 Reasons to be Ethical
Definition

 1. To avoid harming other parties

 2. In order to maintain and enhance our reputation

 3. Because it is right

Term
3 Questions to ask yourself when faced with tough decisions
Definition

 1. Does this decision fall within the usual and accepted standards of my profession? (not firm – may be corrupt)

 2. Am I willing to personally and openly communicate this decision to all affected parties?

 3. Will more than one party benefit?

Term
3 Questions to ask yourself when faced with tough decisions
Definition

 1. Does this decision fall within the usual and accepted standards of my profession? (not firm – may be corrupt)

 2. Am I willing to personally and openly communicate this decision to all affected parties?

 3. Will more than one party benefit?

Term
5 Ways Diversity Enhance Business Performance
Definition

1. Avoid costly lawsuits

2. More points of view

3. More creativity and innovation

4. Retain best employees

5. Customers are diverse – helps to be better tuned in to their needs

Term
How to Include Diversity in your Company (7)
Definition

 1. Begin by evaluating the extent to which your employees are being treated fairly today

 2. Inform all employees about diversity policies

 3. Convey to managers that diversity is a valuable goal

 4. Allow diverse employees to coordinate efforts, interest groups, etc.

 5. Commit resources (money, people, time)

 6. Support diversity efforts in the wider community

 7. Be a role model

Term

Supervisors

Definition

People who manage non-managers

-short term tasks of particular department or function

Term
Managers
Definition
-job is to translate strategies into tasks
Term
Executives
Definition

-job is to focus on long term strategies of whole organization

Term
3 Roles of a Manager
Definition

1. Decision Maker

2. Information Processing

3. Interpersonal

Term
Decision-Making Roles of a Manager (4)
Definition

a. entrepreneur

b. disturbance handler

c. resource allocator

d. negotiator

Term
Information Processing Role as a Manager (3)
Definition

a. monitor

b. disseminator (spread info)

c. spokesperson

Term
Interpersonal Role as a Manager (3)
Definition

a. figure head

b. leader

c. liaison

Term
6 Challenges of Managers Today
Definition

1. Increasing Efficiency

2. Increase Quality

3. Becoming more flexible & innovative in serving customers

4. Properly using technology

5. Maintaining Ethical Standards

6. Managing a Diverse Workforce

Term
Nepotism
Definition
family benefits and connections
Term
Adam Smith-What Creates Efficiency (4)
Definition

1. Division of Labor

2. Specialization

3. Expertise

4. Efficiency

Term
Max Weber- What Efficient Companies need (5)
Definition

1. Managers authory comes from their position/title

2. Positions come from expertise

3. Written job descriptions for everyone

4. Create formal job heirarchy

5. Must be rules & everyone must know them

Term
Mary Follette- 4 Principles to Enhance Human Aspects
Definition

1. Workers know most about their job/task

2. Managers are to be coaches & facilitators

3. Teamwork, collaboration

4. Knowledge & expertise give authority

Term
Theory X
Definition

-the belief or assumption that workers are lazy, will do as little as possible, would rather not be here, and are self-interested

-therefore they need strict rules and procedures

Term
Theory Y
Definition

-the belife that people like to work, want to be here, want to sacrifice self to help the group

-therefore they need a more open work culture

Term
Internal Locus of Control
Definition

-the idea that things happen as a result of the individual

-all success people have this one

Term
External Locus of Control
Definition

-the idea that things happen based on causes outside of the individual's control

-seen as a victim of events

Term
Entrepreneur
Definition

-identifies opportunities and mobilizes resources to produce new and improved goods and services

-also assume considerable risk

Term
Intrapreneur
Definition
-managers who act as entrepreneurs within a corporate bureaucracy
Term
Emotional Intelligence
Definition

-ability to enderstand your own and other people's moods and emotions; ablity to manage your own emotions

Term
Emotional Maturity
Definition

A => E + F

Actions => Emotions + Feelings

 

-your actions influence your emotions

-leaders we can trust and rely on

Term
WSJ 1/9
Definition

-Utilities Amp Up, Push to Slash Energy Use

-paradoxical

-pushing customers to use less of their products

Term

WSJ 1/15

Definition

John Paulson

-small manager making most money during crisis

-defying the conventional wisdom

Term
WSJ 1/17 B1 & D1
Definition

-Vytorin

-first article suggests that drug doesn't work any better than OTC drugs

-other article talks about patients asking doctors if they should stop taking it

-doctors say "dont panic"

-world is full of uncertainty

Term
WSJ 1/22 D1
Definition

-More students head overseas in Freshman year

-more globally focused on education

-need for globalization

-abroad studies benefits resume

Term
WSJ 1/22 B1
Definition

-Los Angelos Times can't keep editor

-editor fired because different opinions on budget cuts than the publisher

 

Term
WSJ 1/22 A1
Definition

-Credit Scare Spends in US, Abroad Fears of Recession

-globalization

-very connected

-unrelenting force

Term
WSJ 1/24 D1
Definition

-new flourescent lightbulb is good, but has mercury so its bad too

-paradox

Term
WSJ 1/29 B1
Definition

Global Market Woes are More Personality Than Nationality

-hard for American’s to get used how other cultures focus more on relationships before business

Term

WSJ 1/29 A16

Definition

Capital Gain – profit you make on real estate

-tax rates vs. tax revenues- paradox

-great to know your numbers

Term
WSJ 1/31 D1
Definition

-Young attorney’s casual dress stirs up trouble

-appearance matters- people are human - people judge/evaluate us

-people often choose professionalism over intellect

Term
WSJ 1/31 C14
Definition

Federal Reserve Bank lowering interest rates dramatically

-because of perceptions
Term

"A leader with great passion and a few skills...

Definition
...always outperforms a leader with great skills and no passion"
Term
"You can't start a fire in your organization unless...
Definition
...one is first burning in you"
Term
"Self-discipline can't be a one time event...
Definition
... It has to become a lifestyle."
Term
"Talent without discipline is like...
Definition
...and octopus on rollerskates"
Term

"If you know you have talent, and you've seen a lot of motion - ...

Definition
... but little results - you may lack self-discipline."
Term
"Franklin's mind was curious...
Definition
... and he continually sought ways to improve himself and others."
Term
"They come ready to play every day - no matter how they feel...
Definition

... what kind of circumstances they face, or how difficult they expect the game to be."

(responsible people)

Term
"Action is the real indicator of character. ...
Definition
... "We create character everytime we make choices."
Term
"All the significant battles are waged within self. ...
Definition
...Courage isn't the absense of fear. It's doing what you are afraid to do."
Term
"Fear not that yor life will come to an end...
Definition
...but that it will never have a beginning."
Term
"Are stretching experiences a regular part of your daily life? ...
Definition

... Or have you retreated so far into your comfort zone that you don't ever even feel fear?"

Term
"If you're not content with little...
Definition
... you won't be content with a lot."
Term

"Do you continually look for ways...

Definition
... to add value to others?"
Term
"The real heart of servanthood is security. Show me someone who thinks he is too important to serve, ...
Definition
... and I'll show you someone who is basically insecure."
Term
"Begin serving with your body...
Definition
and your heart will eventually catch up."
Term
Efficiency
Definition

-attaining appropriate goals

-max output and min input

Term
Effectiveness
Definition
 the ability to perform at a high level
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