Management and Leadership
What is the primary difference between a manager and a leader?
A manager plans, organizes and controls where a leader motivates and inspires.
Do flat organizations have a broad or narrow span of control? Why?
Broad - one leader is responsible for everything.
The term used to describe all the activities managers do to help their firms create goods.
Production Management
Developed the "hierarchy of needs"
Maslow
What's the name of the variant that could upend business growth around the world?
What is the difference between goals and objectives?
Goals are broad, high level and long-term areas of focus whereas objectives are specific, short-term plans to reach these goals.
Dividing up tasks among the different workers is called what?
Division of Labor
A specialized are in management that converts or transforms resources (including human resources) into goods & services
Operations Management
Hygiene
What environmental crisis are businesses finally starting to really focus on?
Climate change
What is a SWOT Analysis?
Measuring the Strengths and Weaknesses (Internal) and the Opportunities and Threats (External)
What is an inverted organization?
Managers are at the bottom to support front line employees
What is the primary difference between CAD and CAM?
CAD is about design and CAM is about manufacturing
What two countries does Ouchi's Theory Z draw from?
US and Japan
Facebook changed their name to what?
Meta
Name the three different leadership styles
Autocratic, Participative (Democratic), Free Rein
What is the primary difference between a matrix organization and a cross-functional team?
Matrix organizations have temporary assignments with interorganizational cooperation whereas Cross-functional teams are more permanent.
Mass customization
Which generation are you all a part of?
Generation Z
Why didn't Simone Biles compete in some events at the Olympics which will have a major impact on the business of sports?
Due to concerns for her mental health
What are the primary functions of management?
planning, organizing, leading and controlling
Name the four choices to make in structuring an organization
1) Centralization vs. Decentralization
2) Breadth of span of control
3) Tall vs. Flat org structure
4) Type of departmentalization
3.4 defects per million is the basis of this statistical quality control standard
Six - Sigma
Not trusting your employees and demanding long hours with limited vacation would be an example of which Theory?
Theory X
Hollywood has started producing musicals again for theatrical release. Name one that was released in 2021
Tick, Tick, Boom
Dear Evan Hansen
In the Heights
West Side Story