firms are unable to differentiate their products. WebThe exam contains approximately 100 questions to be answered in 90 minutes. B. Management function that involves working with and through people -Must coordinate the efforts of diverse parts of an organization B. These are. can increase the firms cost of developing its products or services - specifically by either charging a higher price or providing a lower quality, can decrease the price a firm is able to charge for its product or service, Meet approximately the same needs but do so in a different manner place a ceiling on the price a firm can charge for its products or services, The intensity of competition among the firms competitors often results in a reduction of price a firm can charge for its product or service. A. considering alternatives What skills is setting the organizations goals and then deciding how to achieve them known as? There were no other temporary differences and no permanent differences. Stress Management Test 1 Flashcards Quizlet Study with Quizlet and memorize flashcards containing terms like 3 types of Meditation, Mantra Meditation, 3 Kinds of Goals and more. B. Contact your college to find out the score required for credit and the number of credit hours granted. Develop management systems 7. Statements: -Must provide info about the results of operations and peoples performance, -Physical, HR, informational, financial, structural, cultural, The seven key components of a performance management system, -1. -Study jobs and determine which people are best suited to specific jobs, identify psychological conditions under which employees do their best work, devise management strategies to influence employees to follow management interests, Early behaviorism, Mary Parker Follett and her primary philosophies, -Follett: social worker and social philosopher Some of these are pretest questions that will not be scored. Amber had an idea for a change she thought they should make to a group project she was part of for a marketing class but didn't say anything because she didn't want to make the other group members mad. Managers pay careful attention to the external environment of the organization: the economy, proposals for laws that would affect profits, stakeholder demands, and consumer and public relations. Only Project Team. B. defining objectives B. barriers to entry and new entry threats, buyers' negotiating power Efficiency. A. diverse, new Which of the following bases of product differentiation is usually costly to duplicate? C. federal regulations, 1. WebManagement Module Test Flashcards | Quizlet Management Module Test 5.0 (7 reviews) Term 1 / 32 Which is an advantage of a matrix organization? Carefully review the card and then put it in a special place, 1. Questions on the Principles of Management exam require test takers to demonstrate one or more of the following abilities in the approximate proportions indicated. Management activities are often grouped into four categories. B. C. code of ethics, 1. Management failed to, 1. What is the -Pert diagrams: must do things in order, program evaluation and review technique, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. Kelly has experience and knows there is only one way to run her businessfull steam ahead! Correct Answer: C. You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. 1.2.4.2 Project Phase / 1.2.4.3 Phase Gate - 5 cards. This is Google's D. Well defined processes, . 1.2.6.3 & 4 Project Charter/PMP, Success measures - 4 cards. Cost savings were not passed along to workers producing those efficiencies. Years ahead." She took a goal-setting class and created seven goals for her organization and managers. Strategic management Being named the top employer in the state. The subject matter of the Principles of Management exam is drawn from the following topics. Principles Of Management Quiz Questions With Answers, Integrated Management of Childhood Illness (IMCI) Quiz. These companies follow which organization design thinker from 100 years ago, who said activities that are similar should be the responsibility of one person? B. What are the 6 areas on the General Environment that should be considered? Prior to Taylor, managers were owners or appointed by the owners with no role beyond oversight. This section includes practice questions related to leadership and management. https://quizlet.com/290806747/stress-management-test-1-flash-cards/ Health And Wellness Stress Management Flashcards Quizlet (RUN!) The managers who focus in this area are. D. Money, 0. To use resources (people, money, raw materials) wisely and cost effectively. In the S-C-P model, ________ refers to the strategies that firms in an industry implement. What does "death by planning" mean? Thank her and take credit for the report. You will also be required to apply knowledge, general concepts, and principles to specific problems. Simple, Compound and Complex Sentences Quiz. In the Great Recession, General Motors went bankrupt, but Ford had acquired long-term financing beforehand that carried it through the downturn. answer choices Planning, directing, organizing and delegating 1.2.6.2 - Project Benefits Management Plan - 6 cards. The food truck industry would benefit if there were ________, such as required and restricted licenses. In order to understand the competitive structure of an industry, analysts use Michael Porter's Five Forces model. C. negotiator, 1. Apple's current vision statement was introduced by CEO Tim Cook, who stated, "We believe that we are on the face of the earth to make great products." Management function that involves working with and through people -World bank: provide low interest loans to developing nations for improving transportation, education, health, and telecommunications A flat organizational structure A. Spotfire-available from www.spotfire.tibco.com (a number of demos are available to view, and you can download a trial version). Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. WebManagement function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. A. generic product C. Hire the right people to produce the product A. planning, organizing, directing, and feedback. You know who created the problem. -Scalar principle: clearly defined line of authority in the organization that included all employees, Authority, responsibility, accountability and delegation, -Authority: formal and legitimate right of a manager to make decisions, issues orders, and allocate resources Human resource management C. Performing employee reviews. B. political, essential, social, technological, ecological, and legal Quiz: What Will I Look Like When I'm Older? separated, 1. C. Planners rarely know what they are doing. You meet a new employee who has recently transferred to your office from China. 1. Your boss tells you the company needs to save money, so you have to lay-off employees and make other budget cuts. Strategic management's first function is deciding how to compete. -International Money Fund (IMF): assist in smoothing the flow of money between nations, trading bloc: group of nations within a geographic region that have agreed to remove trade barriers with one another, also known as economic community, Shared set of beliefs, values, knowledge, patters of behavior common to a group of people, -Low context culture: shared meanings are primarily derived from written and spoken words -Importance: rise of virtual organizations, rise of boundaryless organizations, speed and innovation, The significance about learning about international management, Many places are multinational, may deal with foreign customers or partners, Globalization, the global village and e-commerce, -Globalization: trend of the world economy toward becoming a more interdependent system While cost leadership requires rewards for cost reduction, product differentiation requires rewardsfor ________. WebStudy with Quizlet and memorize flashcards containing terms like The definition of management, The four key management responsibilities, The concept of organizational performance including efficiency and effectiveness and What are the 6 sources of cost advantage? -Geocentric: accepts differences and similarities between home and foreign personnel and practices, Availability of supplies, new markets, lower labor costs, access to finance capital, avoid tariffs and import quotas, Global outsourcing, importing and exporting and counter trading, licensing and franchising, joint ventures, wholly owned subsidiaries, Barriers to international trade (tariffs, import quotas and embargoes), -Tariffs: duty or tax mainly on imports C. Tasks and responsibilities are shared within teams. Google's motto is "Don't be evil." 1. -Feedback: organizations outputs, post actions, output control, The three tasks of performance management systems, -Must be able to influence people decisions and actions in an appropriate direction Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? Which is an advantage of a matrix organization? B. Porter's Five Forces In the United States you are very good at organizing and keeping meetings on schedule. -Modular: firm assembles product chunks, or modules, provided by outside contractors, -Mechanistic: centralized hierarchy of authority, many rules and procedures, specialized tasks, formalized communication Your team members are worried about some potential changes in the organization. Employees Raw materials are widely and readily available at a competitive price. 1. -Level 2: basic assumptions (espoused culture), Ways cultures become embedded in organizations, -Slogans, sayings, titles, stories, physical design, structure, Cultural perspectives (strong versus weak, functional versus dysfunctional and nominal versus real), -Strong vs weak culture: do people have a clear sense of what culture is B. substitute products -Youth stage: growth and expansion answer choices Planning, directing, organizing and delegating A. Resources & Capabilities that other firms cannot easily obtain or develop, Direct Duplication and/or Substitution is possible, set of business activities in which a firm engages to develop, produce, and market its products or services. Method for providing feedback 6. WebQ. -Values: things that organizations hold most dear 1.2.4.5 Process Groups - 7 cards. (Choose multiple) A. 1-5 Mid-term Exam","payreferer_url":"\/flashcards\/copy\/strategic-management-ch-1-5-mid-term-exam-6276236","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. B. Processes that create products Questions on the exam require you to demonstrate knowledge of management functions and techniques, and ability to associate the meaning of specific terminology with important management ideas, processes, and techniques. Music Taste Quiz: What Is My Music Taste? C. vision, 1. A. Records management is the systematic control of records, from the creation or receipt of the record to its final disposition. The general environment areas include B. value proposition Leading. This section includes practice questions related to leadership and management. -Vertical functional structure: people are grouped by similar occupational specialties Strategic management is a method used by fi Use LEFT and RIGHT arrow keys to navigate between flashcards; Use UP and DOWN arrow keys to flip the card; (1) Accounting Measures and/or (2) Economic Measures, audio not yet available for this language, Define the Strategic Management Process & Identify the Stages, sequential set of analyses and choices through which managers determine a strategy for the enterprise to pursue its objectives, Strategic Management Imperfect Competition, Traditional Economic Theory Perfect Competition, Sales/Inventory, Accounts Receivable Turnover, Competitive Advantage is determined by----, comparing the ratio in question to an industry average, (Profit Margin) x (Asset Turnover) x (Equity Multiplier), Firms pursuing product differentiation frequently demonstrate______________, Firms pursuing cost leadership frequently demonstrate________________, rough estimate into the strategies a firm may be pursuing, Strategy as a result of formal, structured processes (e.g. Identify and define market 3. B. planning, hiring, directing, and controlling. A. WebStudy with Quizlet and memorize flashcards containing terms like The definition of management, The four key management responsibilities, The concept of organizational performance including efficiency and effectiveness and A. vision Take these online management aptitude test quizzes that have questions based on all important concepts to help you prepare for the exam. B. a core competency The authors provided a wide view and significanceto strategic management. Which of the following is needed to help accomplish this task? Protecting the company's financial position. A. C. planning, organizing, leading, and controlling. A. require employees to choose their own work and train themselves 2, Principle of Management Quiz 1 BBA II A (June 11, 2020), 3.1 SAP S/4HANA for Management Accounting Associates Certification. A. -Three phases: 1. One of your team members actually authored the report. -Responsibility: duty to perform the task or activity the employee has been assigned WebProject management is the art of handling the work and its deliverables with an aim to create finished products or services. -Contemporary: systems, contingency, quality-management, Emphasis on ways to manage work more efficiently, The definition of Scientific Management, its underlying principles, Taylor & Gilbreths, -Scientific management: emphasized scientific study of work methods to improve productivity of individual workers Web1. B. owners are directly involved in management to protect their interests The Gilbreths both belonged to the classical school of management, which emphasized increasing A. 1.2.4.4 -Project Management Processes - 4 cards. 1.00 - 27 cards. Salary The Gilbreth's research provided many important principles that were later incorporated into This set includes 80 practice questions divided into two parts. C. impersonality, 1. Top Trending Quizzes Quiz: Configuration Management Exam Quiz: Configuration Management Exam Are you ready for the 'Configuration Management Exam?' Its primarily effectiveness oriented Which managers are more expendable in corporate downsizing? answer choices The process of getting things done effectively and efficiently with and through people. C. Determine the financial impact before taking action. Prepare the appropriate journal entry to record Ameens 2021 income taxes. Speak slower than normal and listen carefully. A. government regulations Industries in which a large number of small or medium-sized firms operate and no small set offirms has dominant market share or creates dominant technologies are called ________ industries. A. Please sign in to share these flashcards. There is a long-standing debate in the business world about the purpose of a company. C. an intangible resource, 1. 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