What are planning, leading, organizing, and controlling?
100
The process of comparing an organization's practices and technologies with those of other companies.
What is benchmarking?
100
Moral awareness, moral judgement and moral character are needed.
What three things are needed to make an ethical decision?
100
These are the two primary business-level strategies.
What are cost-leadership strategy and differentiation strategy?
100
An individual who establishes a new organization without the benefit of corporate sponsorship.
What is an entrepreneur?
200
These are the three managerial skills.
What are conceptual/decision, interpersonal/communication, and technical?
200
Strategies used by two or more organizations working together to manage the external environment.
What are cooperative strategies?
200
Company mechanisms typically designed by corporate counsel to prevent, detect and punish legal violations.
What is a compliance-based ethics program?
200
The definition of major actions by which an organization builds, and strengthens its position in the marketplace.
What is business strategy?
200
A formal planning step that focuses on the entire venture and describes all the elements involved in starting it.
What is a business plan?
300
Government Policy / Capital Requirements / Brand Identification / Cost Disadvantages / Distribution Channels
What are barriers to entry?
300
These are the three ethical models.
What are utilitarian, moral rights, and justice?
300
The set of assumptions that members of an organization share to create internal cohesion, and adapt to the external environment.
What is organizational culture?
300
A strategy used to build competitive advantage by being unique in an industry or market segment, along one or more dimensions.
What is a differentiation strategy?
300
Charging fees to bring buyers and sellers together.
What is an intermediary model?
400
They are the forces at work in a competitive environment.
What is supplier power, buyer power, threat of new entrants, threat of substitutes, and rivalry among existing competitors?
400
They are group, adhocracy, hierarchy, and rational.
What are the four types of organizational culture?
400
A goal in the creation of sustainable economic development and improvement of quality of life worldwide for all organizational stakeholders.
What is ecocentric management?
400
A decision bias influenced by the way in which a problem or decision alternative is phrased or presented.
What is a framing effect?
400
Protected environments for new small businesses.
What are business incubators?
500
These are the four contemporary approaches to management.
What are sociotechnical systems, quantitative management,
organizational behavior, and systems theory?
500
These are the six ways that managers can influence their environment.
What are Competitive aggression, Competitive pacification,
Public relations, Voluntary action, Legal action, and
Political action?
500
These are four responsibilities of an organization.
What are social, economic, legal, and ethical corporate responsibilities?
500
These are the six steps in the decision making process.
What are identify the problem, generate alternative solutions, evaluate alternatives, make the choice, implement the decision, and evaluate the decision?
500
People / Opportunity / Competition / Context /
Risk and reward
What are the five key planning elements of a business plan?