What are the functions of management
Planning , Organizing
Leading , Controlling
Proposes that organizations can alleviate poverty and make a profit from selling to the poorest people
Bottom of the pyramid concept
You can find the organizations reason for existence here
Mission Statement
What are the two types of decisions
Programmed and non programmed
Encouraging the flow of ideas from lower levels
Bottom up approach
What are the 3 management skills
Technical
Human
Conceptual
Cheapest way to enter the global market
Exporting
Building an alliance of people to support management and influence efforts toward achieving goals
Coalition management
What are the 3 decision making models
Classical
Administrative
Political
A changing in the organizations product or service output
Product innovation
What are the 3 managerial roles
Informational
Interpersonal
Decisional
What are the 3 categories of behavior
Codified law
Ethics
Free choice
What sets the organization apart from others in the marketplace
competitive advantage
What are the 4 decision styles
Directive
Analytical
Conceptual
Behavioral
Unfreezing
Changing
ReFreezing
What are the 4 types of culture
Adaptability
Achievement
Consistency
Involvement
Based decisions on prevailing standards, society, and shareholders. Ex. Holding a press conference to announce firing someone
Practical approach
Strategy of moving into new lines of business
Ex. Disney
Diversification
Unbroken line of authority that links all employees in an organization and shows who reports to whom
Chain of command
Every decision is a what?
Money decision
What are the outside elements called that can directly and indirectly affect an organization.
Task & General
Formal statement of the company’s values concerning ethics and social issues
Code of ethics
Prepare organization, managers , and employees to cope with catastrophic events that could destroy the company.
Crisis planning
Person who is responsible for cording the activities of several departments to complete a specific project
Project manager
A person who sees the need for and supports productive change
Idea champion