The evolution of management
A company which aims to make a profit.
What is an enterprise?
This managerial level is responsible for implementing strategy and allocating resources.
What is middle?
Motivation that is created by external factors such as rewards and punishments.
What is extrinsic motivation?
The six external factors.
What are Demographic factors, Economic factors, Social factors, Technological factors, Environmental factors, Political factors?
A focus on products and services.
What is internationalization?
The 4 functions of management.
What is planning, organizing, leading and controlling?
The manager displays this role when they communicate information to employees and the community.
What is informational?
The five stages of group development.
What is forming, storming, norming, performing and adjourning?
What is the media?
Model which views internationalization as a process during which organizations proceed through a number of stages, depending on the organization’s available knowledge level and experience with internationalization.
What is Uppsala?
This school of thought views co-operation as key, and considers the manager’s social skills to be very important.
What is human relations?
These two axes make up the leadership grid.
What is concern for people and concern for production?
The three components of an attitude (ABCs).
What is affective, behavioral, cognitive?
The phase of the strategic management process which answers "how do we get there?" and involves developing tactical goals, budget, action plans & executing the plan.
What is planning and implementation?
Relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting.
What is offshoring?
This school of thought links different management areas and tasks, stresses unity of command and supports formal training for future managers.
What is general management?
Leadership theory where leadership is contingent on the follower's readiness. The leaders match their style to the competence and commitment of the employees.
What is situational leadership?
The theory of motivation that emphasize individuals expectations for success combined with how they value the goal and reward.
What is Vroom's expectancy theory?
This level of management is responsible for developing and implementing strategic actions plans needed to achieve the organizational goals.
What is Middle.
The four basic methods of organizing international business.
What are worldwide, transnational, international, multinational?
Double Jeopardy---points double---worth $1000
Describe what each function of management means.
Planning- Determining organizational goals and a means for achieving them...Organizing - Deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom...Leading - Inspiring and motivating workers to work hard to achieve organizational goals...Controlling - Monitoring progress toward goal achievement and taking corrective action when needed
The four management aspects of self-leadership.
What are the manager, working group, work content, terms of employment?
Name four sources of organizational conflict.
Different status, scarce resources, different assessment and reward systems, task dependence, overlapping responsibilities, irreconcilable purposes and timeframes.
An arrangement by which a licensee in another country buys the rights to manufacture a company’s product or use a certain intellectual property in its own country for a negotiated fee.
What is Licensing?
Double Jeopardy---worth 1000 points
Two advantages and two disadvantages of free trade.
Falling trade barriers allow firms to move manufacturing activities to countries where wage rates are much lower...Destroy manufacturing jobs in wealthy advanced economies...Services also being outsourced contributing to higher unemployment and lower living standards in their home nations...Companies can reduce their cost structure, and consumers benefit...Free trade will result in countries specializing in the production of goods and services that they can produce most efficiently, while importing goods and services that they cannot produce as efficiently the whole economy is better off.