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Harrison College MGT2000
Vocabulary - Chapter 3
68
Management
Undergraduate 1
12/27/2015

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Term
External environments
Definition
all events outside a company that have the potential to influence or affect it
Term
Environmental change
Definition
the rate at which a company's general and specific environment's change
Term
Stable environment
Definition
an environment in which the rate of change is slow
Term
Dynamic environment
Definition
an environment in which the rate of change is fast
Term
Punctuated equilibrium theory
Definition
the theory that companies go through long periods of stability (equilibrium) followed by short periods of dynamic, fundamental change (evolutionary periods), and then a new equilibrium
Term
Environmental complexity
Definition
the number and the intensity of external factors in the environment that affect organizations
Term
Simple environment
Definition
an environment with few environmental factors
Term
Complex environment
Definition
an environment with many environmental factors
Term
Resource scarcity
Definition
the abundance of shortage of critical organizational resources in an organization's external environment
Term
Uncertainty
Definition
extent to which managers can understand or predict which environmental changes and trends will affect their businesses
Term
General environment
Definition
the economic, technological, sociocultural, and political/legal trends that indirectly affect all organizations
Term
Specific environment
Definition
the customers, competitors, suppliers, industry regulations, and advocacy groups that are unique to an industry and directly affect how a company does business
Term
Business confidence indices
Definition
indices that show managers' level of confidence about future business growth
Term
Technology
Definition
the knowledge, tools, and techniques used to transform inputs into outputs
Term
Competitors
Definition
companies in the same industry that sell similar products or services to customers
Term
Competitive analysis
Definition
a process for monitoring the competition that involves identifying competition, anticipating their moves, and determining their strengths and weaknesses
Term
Suppliers
Definition
companies that provide material, human, financial, and informational resources to other companies
Term
Supplier dependence
Definition
the degree to which a company relies on a supplier because of the importance of the supplier's product to the company and the difficulty of finding other sources of that product
Term
Buyer dependence
Definition
the degree to which a supplier relies on a buyer because of the importance of that buyer to that supplier and the difficulty of finding other buyers for its product
Term
Opportunistic behavior
Definition
a transaction in which one party in the relationship benefits at the expense of the other
Term
Relationship behavior
Definition
the establishment of mutually beneficial long-term exchanges between buyers and suppliers
Term
Industry regulation
Definition
regulations and rules that govern the business practices and procedures of specific industries, businesses, and professions
Term
Advocacy groups
Definition
concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions
Term
Public communications
Definition
an advocacy group tactic that relies on voluntary participation by the news media and the advertising industry to get the advocacy group's message out
Term
Media advocacy
Definition
an advocacy group tactic that involves framing issues as public issues
Term
Product boycott
Definition
an advocacy group tactic that involves protesting a company's actions by persuading consumers not to purchase its product or service
Term
Environmental scanning
Definition
searching the environment for important events or issues that might effect an organization
Term
Cognitive maps
Definition
graphic depictions of how managers believe environmental factors relate to possible organizational actions
Term
Internal environment
Definition
the events and trends inside an organization that affect management, employees, and organizational culture
Term
Organizational culture
Definition
the values, beliefs, and attitudes shared by organizational members
Term
Organizational stories
Definition
stories told by organizational members to make sense of organizational events and changes and to emphasize culturally consistent assumptions, decisions, and actions
Term
Organizational heroes
Definition
people celebrated for their qualities and achievements within an organization
Term
Company mission
Definition
a company's purpose or reason for existing
Term
Consistent organizational culture
Definition
a company culture in which the company actively defines and teaches organizational values, beliefs, and attitudes
Term
Behavioral addition
Definition
the process of having managers and employees perform new behaviors that are central to and symbolic of the new organizational culture that a company wants to create
Term
Behavioral substitution
Definition
the process of having managers and employees perform new behaviors central to the new organizational culture in place of behaviors that were central to the old organizational culture
Term

Management

Definition
getting work done through others
Term

Efficiency

Definition
getting work done with a minimum of effort, expense, or waste
Term

Effectiveness

Definition
accomplishing tasks that help fulfill organizational objectives
Term

Planning

Definition
determining organizational goals and a means for achieving them
Term
Organizing
Definition
deciding where decisions will be made, who will do what job and tasks, and who will work for whom
Term
Leading
Definition
inspiring and motivating workers to work hard to achieve organizational goals
Term
Controlling
Definition
monitoring progress toward goal achievement and taking corrective action when needed
Term

Top managers

Definition
executives responsible for the overall direction of the organization
Term
Middle managers
Definition
responsible for setting objectives consistent with top management's goals and for planning and implementing subunit strategies for achieving these objectives
Term
First-line managers
Definition
train and supervise teh performance of nonmanagerial employees who are directly responsible for producing the company's products or services
Term

Team leaders

Definition
managers responsible for facilitating team activities toward goal accomplishment
Term
Figurehead role
Definition
the interpersonal role managers play when they perform ceremonial duties
Term
Leader role
Definition
the interpersonal role managers play when they motivate and encourage workers to accomplish organizational objectives
Term
Liaison role
Definition
the interpersonal role managers play when they deal with people outside their units
Term
Monitor role
Definition
the informational role managers play when they scan their environment for information
Term
Disseminator role
Definition
the informational role managers play when they share information with others in their departments or companies
Term
Spokesperson role
Definition
the informational role managers play when they share information with people outside their departments or companies
Term
Entrepreneur role
Definition
the decisional role managers play when they adapt themselves, their subordinates, or their units to change
Term
Disturbance handler role
Definition
the decisional role managers play when they respond to severe pressures and problems that demand immediate attention
Term
Resource allocator role
Definition
the decisional role managers play when they decide who gets what resources and in what amounts
Term
Negotiator role
Definition
the decisional role managers play when they negotiate schedules, projects, goals, outcomes, resources, and employee raises
Term
Technical skills
Definition
the specialized procedures, techniques, and knowledge required to get the job done
Term
Human skills
Definition
the ability to work well with others
Term
Conceptual skills
Definition
the ability to see the organization as a whole, understand how the different parts affect each other, and recognize how the company fits into or is affected by its environment
Term
Motivation to manage
Definition
an assessment of how enthusiastic employees are about managing the work of others
Term
Organizing
Definition
deciding where decisions will be made, who will do what job and tasks, and who will work for whom
Term
Middle managers
Definition
responsible for setting objectives consistent with top management's goals and for planning and implementing subunit strategies for achieving these objectives
Term
First-line managers
Definition
train and supervise teh performance of nonmanagerial employees who are directly responsible for producing the company's products or services
Term
Figurehead role
Definition
the interpersonal role managers play when they perform ceremonial duties
Term
Liaison role
Definition
the interpersonal role managers play when they deal with people outside their units
Term
Resource allocator role
Definition
the decisional role managers play when they decide who gets what resources and in what amounts
Term
Human skills
Definition
the ability to work well with others
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