Definitions
Define Management
Management is the process of working with people and resources to accomplish organizational goals.
What are ways to improve productivity?
Track time for tasks, give yourself breaks, set and commit to deadlines, avoid unproductive meetings, forget about perfection, dont multitask, take advantage of your commute.
What are the four functions of management?
Planning, Leading, Organizing, and Controlling
Tasks, assignments, and authority are clearly specified is which of the 5 characteristics to an effective bureaucracy?
Division of Labor
________ ethics programs are company mechanisms typically designed by corporate counsel to prevent, detect, and punish legal violations
Compliance based
What are the 5 characteristics of an effective bureaucracy?
Division of labor, authority, qualifications, ownership, and rules.
What are the four different levels of management?
Top level, middle level, frontline, and team leaders
A chain of command or hierarchy is well established is which of the 5 characteristics to an effective bureaucracy?
Authority
____ ethics programs are company mechanisms designed to instill in people a personal responsibility for ethical behavior.
Integrity-based
What are the five parts to corporate social responsibility?
Economic, ethical, legal, philanthropic, and transcendent education
What does SWOT Analysis mean? What are the Elements of SWOT used for?
SWOT means - strengths, weaknesses, opportunities, and threats. It is an analysis and comparison that helps executives formulate strategy.
Managers, not owners, should run the organization is which of the 5 characteristics to an effective bureaucracy?
Ownership
Define entrepreneurship
Entrepreneurship is the process b which enterprising individuals initiate, manage and assume the risks and rewards associated with the business venture
What are the six steps to the planning process?
Analyze the situation, generate alternative goals, evaluate goals and plans, select goals and plans, implement the goals and plans, and monitor and control performance
Describe an organization chart
An organization chart is the reporting structure and division of labor in an organization
Employees are selected and promoted based on merit is which of the 5 characteristics to an effective bureaucracy?
Qualification
What are the common management challenges for entrepreneurs? (8)
May not like it, survival, growth, delegation, poor controls, misuse of funds, going public, mortality.
Clearly define the change and align it to business goals, determine the impacts and those affected, develop a communication strategy, provide effective training, implement a support structure, and measure the change.
Compare and contrast leaders and managers
Leaders have a vision and strategy, while managers possess power and control. Managers and leaders both have the ability to motivate others and accomplish goals
Impersonal rules should be applied consistently and fairly is which of the 5 characteristics to an effective bureaucracy?
Rules