Management 101
Imagine a scenario where a company is undergoing significant organizational change. Which leadership style might be most effective for gaining buy-in and support from employees during this transition?
Democratic - get input!
This function of management involves setting organizational goals and determining the best course of action to achieve them.
Planning
In this leadership style, the leader maintains a hands-off approach, allowing employees to make their own decisions and take responsibility for their work.
Laissez-Faire
A tool used to visually represent a company’s structure and chain of command
Organizational Chart
What are the four functions of management?
Planning, Organizing/Staffing, Leading, Controlling
In a crisis situation where quick decisions are necessary, which leadership style might be most effective for maintaining order and direction?
Autocratic
This function of management involves monitoring performance, comparing it to goals, and making adjustments as necessary to ensure progress.
What is the term for a leadership style that is often associated with strict control, centralized decision-making, and little room for dissent or input from subordinates?
Autocratic
Analysis used to help companies evaluate their economic environments, assess their strengths and weaknesses, and identify competitive threats and market opportunities (must know what each letter stands for).
SWOT
Strengths
Weaknesses
Opportunities
Threats
How many characters did Twitter originally restrict tweets to?
140
Give THREE examples of Fringe Benefits
Receiving a discount on store merchandise
Meals
Transportation (commuting benefits)
Achievement awards
Athletic facilities
De minimis benefits (small perks like free coffee)
A project manager realizes that the project is behind schedule and over budget. What function of management would involve analyzing the project's performance, identifying the causes of delays, and implementing corrective actions to get the project back on track?
Controlling
How does a leader balance the need for decision-making with the potential challenges of reaching a consensus, especially when dealing with diverse opinions and conflicting priorities within the team? (name the Leadership Style)
Democratic
Imagine a scenario where an employee feels a deep sense of satisfaction and fulfillment from completing a challenging project because it aligns with their personal values and goals. What type of reward does this experience represent: extrinsic or intrinsic?
Intrinsic
In the car industry, what does "BMW" stand for?
Bavarian Motor Works
Goals for the entire company are typically developed by this level
Senior Management (C-Suite)
A manufacturing company needs to optimize its production processes to increase efficiency and reduce costs. What function of management would involve designing workflows, allocating resources, and streamlining operations?
Organizing/Staffing
Which Leadership Style is best?
THEY ARE ALL THE BEST. IT DEPENDS ON YOUR EMPLOYEE AND COMPANY NEEDS.
List 3 examples of C-Suite examples (must spell out for full points):
Chief Executive Officer (CEO)
Chief Financial Officer (CFO)
Chief Operating Officer (COO)
Chief Information Officer (CIO)
Chief Technology Officer (CTO)
Chief Marketing Officer (CMO)
Which American president is in the Wrestling Hall of Fame (hint it was his BDAY on Monday)
Abe Lincoln
What are the two things that managers come up with in a business?
(Hint: there are two big ones we referenced in our PPT)
Goals and Mission Statement
A manager notices a decline in team morale and productivity. What function of management would involve providing motivation, coaching, and support to help the team members improve their performance?
Leading
Name TWO ways that you can positively motivate your employees as a manager.
Receiving a discount on store merchandise
To provide food to employees
To give employees a day off
Statement that explains the overall values and purpose of the business is known as...
What color do bananas glow under black light?
Blue