GMS
Terms in this set (106)
L 1
Globalization
Worldwider interdepance of resources, markets, and competition
L 1
Open Systems
Interact wit their enviorment
Transform resource inputs in to product outputs
Enviormental feedback tells organization how well its meeting the needs of the consumers
L 1
Value Creation
When resources are made into something more valueable
L 1
Effectivness
Output. Task or goal accomplsishment
Did we hit the goal?
L 1
Efficiency
Input. Resource cost of reaching goal
How cheaply did we do it?
L 1
Producitivty
Quantity and quality of work, with resources considerd
Both together
L 1
Top Managers
Responsbile for a compnay as a whole
L 1
Middle Managers
Responsible for a relativly large department
L 1
Project Managers
In charge of projects with deadlines
L 1
Team Leaders
In charge of small non managerial workers
L 1
Line Managers
Work that direclty affects the product output
L 1
Staff Manager
uses technical expertise to help line workers
L 1
Functional Manager
In charge of one area
L 1
General Manager
In chare for many complex units
L 1
Administrators
Work in public or non profit organizations
L 1
Accountability
Answering to a higher authority for performance results
L 1
Quality of Work Life
Overall quality of human experiences in the workplace
L 1
Upside Down Triangle
Managers job is to support workers efforts
L 1
Managment Process
Planning: setting objectives and figuring out how to accomplish them
Organizaing: Assighning tasks, allocate resurces, and coordinate activites
Leading: Arosuing workers enthusiam to work
Controlling: Meausre performance, compare it to objectives, take corrective actions
L 1
Interperosnal Roles
Interactions with people inside and out the workplace
L 1
Informational Roles
Giving, Recieving, and analyzinf info
L 1
Decisonal Roles
Using info to make decisons to solve problems
L 1
Technical Skills
Special expertise for particular tasks
L 1
Human Skills
Working well with others
L 1
Conceptual Skills
Thinking crtically and analyitcally
L 1
Managerial Competency
Having a transfersble skill that can be used in the workplace resulting in better performace
L 2
Data
Raw facts
May not have any meaning itself
L 2
Information
Data available for decision making
Organized and used
L 2
Performance Deficiency
Actual performace is below then desired performace
L 2
Performance Oppurtunity
Actual performance is better then desired perfromace
L 2
Problem Solving
Finding the gap between desied and actual performance
L 2
Programmed Decisions
Routine, repetitive decisons
L 2
Non Programmed Decisons
New, Unusual or complex decisons that require judgment
L 2
Crisis Decisison
Making decisons in urgent, high pressure scenarios
L 2
Certain Enviorment
The decison maker knows the outcome of choices
L 2
Risk Enviorment
Possible outcomes and their probabilites can be estimated
L 2
Un Certain Enviorment
Outcomes and probabiites cannot be found
L 2
Problem Avoiders
Ignore all signals to problems or oppurtunites
L 2
Problem Solver
Solve problems when they occur
L 2
Problem Seekers
People who constantly look for problems to solve
L 2
Systematic Thinking
Uses structured analysis, logic and info
L 2
Intuitive Thinking
Relies on experience, instinct, and judgment
L 2
Decision Making Process
Identify and define the problem
Generate and evaluate possible solutions
Choose course of action
Implement the decison
Evaluate results
L 2
Availibilty Heuristic
Judging something based on examples that easily come to mind
L 2
Representativness Heuristic
Judging somthing based on how closly it resembles a familiar category
L 2
Anchoring and Adjustment Heuristic
Decison making based on incremental adjustments from a previous decision point
L 2
Escalating Commitment
The continuation of a course of action even though its not working
L 2
Ethical Decisons should follow:
Utility
Rights
Justice
Caring
L 3/4
Market Entry Strats:
Global Sourcing
Obtaining resources from suppliers globally
L 3/4
Exporting
Selling local goods to foriegn markets
L 3/4
Importing
Buying goods from a foriegn market
L 3/4
Licensing
The payment by a local firm to a foriegn firm for rights to make or sell products
L 3/4
Franchising
The payment to a foriegn business for rights to locally operate their business with name and branding
L 3/4
Joint venture
Co Ownership which foriegn and local partners pool resources, share risks, and jintly operate
L 3/4
Foriegn Subsidary
A local operation owned by a foriegn firm
L 3/4
Sustainable Development
meeting current needs without compromising future needs
L 3/4
Ethnocentrism
Beleiving ones culture is better then others
L 3/4
Low Context Culture
Cultures that emphasize communication via spoken words
L 3/4
High Context Culture
Cultures that emphasize non verbal communication via writing
L 3/4
Monochromic Culture
Cultures in whic people do one thing at once
L 3/4
Polychronic Culture
Cultures in which people do mulitple things at once
L 3/4
Values and National Cultures - Hofstede
Power Distance
The degree to which a society accepts unequal distributin of power
L 3/4
Uncertainity Avoidance
The degree to which a society tolerates risk and uncertainty
L 3/4
Individualism - Collectivism
The degree to wich a society values people and their intersts
L 3/4
Masculinity - Femininity
The degree to which a society values are assertivness and materialsm vs. feelings and quality of life
L 3/4
Time Orientation
The degree ot which a scoeity values short term vs long term goals
L 3/4
Trompenears Cultural Dimensions
Universalism vs. Particularism
General rules vs relationships and the specifc situations
L 3/4
Individualism vs. Collectivism
Perosnal independace vs. group interests
L 3/4
Neutral vs. Affective
Restrained vs. Openely opinionated
L 3/4
Specific vs. Diffuse
Keeping work relationships seperate from private life vs. them overlapping
L 3/4
Achievement vs. Prescription
Status based on accomplisments vs. status based on position
L 3/4
Sequential vs. Synchronic
One task at a time vs. multiple tasks at once
L 3/4
Inner Directed vs. Outer Directed
Believes in controlling the enviorment vs. adapting to it
L 3/4
Ethnocentric
Believes that home countrys pracitces are best
L 3/4
Polycentric
Believes that local practices are best suited for local operations
L 3/4
Geocentric
Tries to find the best practices around the world
L 5
Classical Approaches
Scientifc Managment - Fredrick Taylor
Develop work methods and proper working conditions
Select workers best fit for the job
Train workers properlly
Plan work carfully and remove obstacles
L 5
Scientifc Managment enhanced by the Gilberths
Motion study, eliminating wasted motions to imprve performace
L 5
Administrative Principles
forecasting
planning
organizing
commanding
coordinating
controlling
L 5
Administrative Principles
Scalar Chain
Clear line of authority from highest to lowest
L 5
Administrative Principles
Unity of Command
Each employee should recieve orfers from someone above
L 5
Administrative Principles
Unity of Direction
Activites with the same objective should have the same plan
L 5
Bureaucratic organization - Max Webber
An ideal, rational, very efficient. Based on principles of logic and authority
Charecteristic:
Clear division of work
Clear hiearchy of authority
Formal rules and procedures
L 5
Human Resource Approaches
Hawthorne Studies
People imprve their work output when they seem seen or being involved
L 5
Maslows Hiearchy of Needs
Self actualization (need for self fulfillment, to grow and use abilities to the fullest and creative extent)
Esteem (need for esteem in the eyes of others, need for respect, prestige)
Social (a sense of belonginess, love)
Safety (Security, protection, stability)
Physiological (basic needs: food)
L 5
Maslows Hiearchy of Needs
Deficit Principle
When a satisified need is no longer a motivator
L 5
Maslows Hiearchy of Needs
Progression Principle
A need becomes a motivator once all the lower levels are met
L 5
McGregors X and Y
X: Workers dont want tok work, lack ambition, prefer to be led
Y: Workers are eager to work, responsible, are self directed
L 5
Argyris theory of Adult Personality
Give employees meaningful responsibilites and oppurtunites to grow
L 5
System
Collection of interrelated parts working together for a common purpose
L 5
Subsystem
smaller part of a large system
L 5
Contingency Thinking
Identify and implement practices that best fit with the unique demand
L 6
Planning Process
Define your objectives
Determine where you stand related to objectives
Develop premise regarding future conditions
Analyze and choose among action alternatives
Implement the plan and evaluate results
L 6
Short range Plans
Intermediate
Long
1 year or less
1 to 2 years
3 or more years
L 6
Strategic Plans
set broad, comprehensive, and longer-term directions for organization
L 6
Operational Plans
Define whats needs to be done in specific areas to implement strategic plans
L 6
Standing Plans
Polices and procedures that are designed for repeated use
L 6
Single use plans
used once to solve a unique situation
L 6
Budgets
single use plans that allocate resources to projects
L 6
Projects
one time activities with clear start and end
L 6
Forecasting
making assumptions of the future
L 6
Qualitative
uses experts opinions
L 6
Quantitative
uses mathematical and statistical judgment
L 6
Contingency planning
find different courses of action that can be used in changing circumstances
L 6
Scenario planning
A longer version of contingency planning. It finds future scenarios
Benchmarking
use of other companies stats to evaluate own company stats