Shared Flashcard Set

Details

Management 300 Final UW
Final for Christina Fong's Mgmt 300 Class
113
Management
Undergraduate 3
12/09/2011

Additional Management Flashcards

 


 

Cards

Term
Heuristics
Definition
Rules used in the decision making process as shortcuts
- usually adaptive
- can lead to biases
Term
Anchoring
Definition
Tendency to rely too heavily on one trait or piece of information when making decisions.
-First impressions lock you in
Term
Availability Bias
Definition
a biased prediction based on the tendency to focus on the most salient and emotionally charged outcome. (primacy, recency, ease of recall)
- pay and promotions
Term
Bandwagon Effect
Definition
Tendency to believe or do things because many other people do or believe the same.
Term
Confirmation Bias
Definition
Tendency to search for or interpret information in a way that confirms one's perceptions.
-Grades --> Intelligence
-Sampling on the dependent variable
Term
Framing of Options
Definition
People tend to react more
Term
Individual Level Biases
Definition
-Confirmation Trap
-Availability Bias
-Anchoring
Term
Group Level Biases
Definition
- Pressures toward conformity
- Common Knowledge Problem
- Pluralistic Ignorance
- Group Polarization
- Escalation of Commitment
- Group Think
Term
Common Knowledge Problem
Definition
Groups spend majority of the time discussing information already agreed upon and not enough on unique items
Term
Pluralistic Ignorance
Definition
Groups agree to a course of action that no individual member prefers because they assume other group members do.
Term
Group Polarization
Definition
Individual judgments often become more extreme after group discussion.
Term
Escalation of Commitment
Definition
- Sunk Cost principle
-Group polarization, groupthink, confirmation bias, pluralistic ignorance
Term
Groupthink
Definition
- Pressure for comformity
- Discouragement of minority options
- Sense of isolation
- Strong Leader
Term
Team Structures
Definition
- High specialization + high centralization= mechanistic
- Low Low = Organic

Or can have team leader but no specialization, no leader but specialized roles.
Term
Mechanistic vs Organic
Definition
Efficiency vs Flexibility
Term
Outcome is creativity
Definition
Diverse members, no leader, no specialization.
- encourage wild ideas, risk taking and mistakes rewarded, prototype often, no criticism.
Term
Outcome is Quality Decisions
Definition
Diverse perspectives, more specialization, organic
- Devil's advocate, minority opinions sought out, fact focused, criticism encouraged.
Term
Speed and Efficiency Outcome
Definition
-Homogenous Perspective, hierarchy, specialization, mechanistic
- Division of labor, deadline pressure, limited discussions, increased coordination.
Term
Intrinsic Motivation
Definition
- activity is rewarding in itself and one desires to do it for its own sake.

-easy to undermine
Term
Extrinsic Motivation
Definition
- Desire to perform a behavior in order to acquire material or social rewards or to avoid punishment.
Term
Extrinsic Motivation Bias
Definition
-People say that pay isn't that important but then say that they won't take on more work unless they are paid to do so.
Term
What does Choice do?
Definition
-people react against loss of choice.
- Choice increases intrinsic motivation and task performance
Term
Equity Theory
Definition
- What you put into an organization is what you should get out of it.
- Inputs (time, education, social capital)
- Outcomes (salary/bens, promotion, respect)
Term
Relative Equity Theory
Definition
Others should get the same amount of rewards for effort as I do.
-if you think you are relatively under-rewarded, you lose motivation.
Term
Common Responses to Inequity
Definition
People want Equity
- Either change own input
- Change others input/output
- Change my perceptions or referent
- Leave the organization
Term
Managerial Response to Equity Theory
Definition
Focus on Fairness
-correct misconceptions about pay, manage biases about assessing input/output ratios

Vary Outputs to match differences in inputs
Term
Expectancy Theory
Definition
-Put in effort- to produce a level or performance- believed to lead to desired outcome.
Term
3 Parts of Expectancy Theory
Definition
Expectancy
Instrumentality
Valence
Term
Expectancy
Definition
Can I accomplish the task to get the reward.
Term
Instrumentality
Definition
If I accomplish the task will I get the reward
Term
Valence
Definition
Is the reward something that I value for that amount of effort.
Term
Specific Goals
Definition
lead to increased performance
Term
Difficult Goals
Definition
when accepted, lead to higher output than easy goals
Term
Strategies for Goal Commitment
Definition
-Rewards
-Publicity
-Support
-Participation
-Resources
Term
Rewards
Definition
Tie goal achievement with monetary or non-monetary reward
Term
Publicity
Definition
Publicized goals to create peer/social pressure to attain it
Term
Support
Definition
Supportive supervision to aide employees if they struggle to attain goal
Term
Participation
Definition
Collaborate with employee about terms of the goal (due date proficiency level, etc)
Term
Resources
Definition
provide the resources to attain the goal and remove any hindrances.
Term
Actual Productivity Equation
Definition
Potential Productivity - Process Losses (team specific things that hinder potential performance)
Term
Three main types of Process Losses
Definition
Motivation Losses
Ability Losses
Coordination Losses
Term
Motivation Losses
Definition
The greater number of people who are assigned to work on a specific task, the smaller the contribution and one member of the group will make.
Term
Solutions to Motivation Loss
Definition
-Increase accountability
-match members to interests
- increase group cohesion and trust
- re-examine rewards system
- be aware of ability losses
Term
Ability Losses
Definition
The presence of others can lead to drops in performance. (Predicted by ability)

- Distraction
- Social Facilitation or Inhibition
Term
Solutions to Ability Losses
Definition
Formal Training
Matching tasks with individual abilities
Term
Coordination Losses
Definition
Segmentation/Component Focus
Conceptual Blocking
Production Blocking
Term
Segmentation/Component Focus
Definition
Focusing on division of labor at the expense of the end product.

-Leads to disjointed final projects.
-Missing synergies
Term
Conceptual Blocking
Definition
The inability to listen and think at the same time.
-Missed Opportunities, miscommunication
Term
Production Blocking
Definition
Waiting on others to finish their parts before starting on your own part.
Term
Solutions to Production Losses
Definition
MAKE PLANS
-make sure people understand their role, end product and where they fit in the group.
-note talking skills
-Agendas
train team together to create common language
- clear communication channels
Term
Good Feedback
Definition
-specific
-timely
-offers alternative behaviors
-frequent
-Goods and bads
-Constructive
-Focus on behavior and not personality.
Term
Purpose of Performance Appraisals
Definition
1. Evaluation
2. Development
3. Rewards
Term
Evaluation
Definition
-More accurate assessment of performance
-Provide accurate assessment of future possibilities and promotions
Term
Development
Definition
-Change or reinforce behaviors/outputs
-Game plan for fixing weaknesses
-Plan for training and development
-Goal Setting
Term
Rewards
Definition
-inform individual of bonuses, raises, or when to expect them.
- Tailor rewards to employees needs
- Let them know how reward can improve next year.
Term
Self Enhancement Bias
Definition
Internal Locus for success
External Locus for failures.
Term
Over/Under Confidence
Definition
-Lowest performers worst at predicting performance.
-Top performers underestimate themselves

ACCURACY CHECKS ARE IMPORTANT IN APPRAISALS
Term
Learning Appraisal
Definition
Building Competence > Demonstrating Competence
-Enjoy new tasks
-Failure seen in positive terms
Term
Performance Appraisal
Definition
Demonstrating Competence > developing competence
-people prefer tasks that they have mastered already
- Failure seen in negative terms
Term
Leadership
Definition
The use of power and influence to direct the activities of followers toward goal achievement.
Term
Leadership Effectiveness
Definition
the degree to which a leaders efforts result in:
-achievement
-continued commitment
-mutual respect, trust, obligation
Term
Leadership Traits
Definition
Conscientiousness, Low Agreeableness, Openness, Extraversion, Cognitive Ability, Energy Level, Stress Tolerance, Self Confidence

-All for emergence
-Minus conscientiousness and low agreeableness for effective.
Term
Leaders Born or Made
Definition
30% genetic, 70% other factors of life
Term
Transactional Leadership
Definition
Lead by clarifying roles and task requirements
Term
Transformational Leadership
Definition
motivate through social identification and empowerment.
Term
Idealized Influence
Definition
Instills pride, gains respect and trust through charisma.
Term
Inspirational Motivation
Definition
-Provides a vision for the future
-Communicates high expectations
-Uses symbols to focus efforts
-Expresses important purposed in simple terms
Term
Intellectual Stimulation
Definition
Promotes high intelligence, rationality, and careful problem solving.
Term
Individual Consideration
Definition
Gives personal attention, treats employees individually and advises as needed.
Term
Compatible Issues
Definition
Both parties want the same thing.
-To find, don't assume that interests are mutually exclusive.
-Focus on information sharing.
Term
Integrative Issues
Definition
-Win-win situations can be created
-Common in long term relationships

- Logrolling- giving up on integrative issues that are less important to gain on issues that are important. (maximizes better than 50/50 split.
Term
Distributive Issues
Definition
Zero Sum Issues- is one wins then the other loses.
(fixed pie bargaining)
Term
Factors for successful Bargaining
Definition
BATNA= power
-Efficiency in determining bargaining zone
-Not falling pray to biases and leveraging them against the opponent.
- Influence tactics.
Term
BATNA
Definition
Best Alternative To a Negotiated Alternative
Term
Reservation Price
Definition
The price at which you will walk away from a negotiation.
Term
Cialdini's 6 Principles of Influence
Definition
-Reciprocity
-Commitment and Consistency
-Scarcity
-Social Validation
-Liking
-Authority/Expertise
Term
Reciprocity
Definition
-More likely to comply with a request from someone who has previously provided a favor or concession.
Term
Commitment and Consistency
Definition
- after committing to a position, people are more likely to to comply with requests consistent with that position.
Term
Scarcity
Definition
- as a resource becomes more scarce
Term
Social Validation
Definition
More likely to comply if similar to what others are doing
Term
Liking
Definition
people comply with request if they like a person.(attractive, similar)
Term
Authority/Expertise
Definition
People more persuaded by someone who possesses more status or expertise regardless of the strength of their arguments.
Superficial (height, glasses, accent, etc)
Term
Disposition-Based Trust
Definition
New Relationships. Statements and promises and words can be relied upon
Term
Cognition-Based Trust
Definition
Reputation. rational assessment of authority's trustworthiness based on track record.
Term
Affect-Based Trust
Definition
depend on feelings toward the authority that go beyond rational assessment.
Term
Distributive Justice
Definition
based on Outcomes.

(rewarded according to effort, fairly, equal share of resources needed to succeed.
Term
Procedural Justice
Definition
based on process
-rules followed, accurately applied, correct, biases are surpressed
Term
Effects of Distributive vs. Procedural Justice
Definition
Peoples reactions to outcomes are much stronger when there is low procedural justice.
Term
Fair Process Effect
Definition
People are more likely to accept an unfavorable decisions given if the reasons were perceived to be fair.
Term
Interpersonal Justice
Definition
Reflects the perceived fairness of the treatment received by employees from their authorities.
-Respect Rule
-Propriety Rule
Term
Informational Justice
Definition
Reflects the perceived fairness of the communications provided to employees from authorities
-Justification Rule
-Truthfulness Rule
Term
Respect Rule
Definition
whether authorities treat employees in a dignified manner.
Term
Propriety Rule
Definition
Whether authorities refrain from making improper or offensive remarks.
Term
Justification Rule
Definition
mandates authorities to explain decision making procedures and outcomes in a reasonable manner.
Term
Truthfulness Rule
Definition
Authorities communications be honest and candid.
Term
Organizational Culture
Definition
Shared social knowledge within an organization regarding the rules, norms, and values that shape the attitudes and behaviors of individuals.
Term
Dominant Culture
Definition
expresses the core values of an organization's members
Term
Subculture
Definition
develop inside larger organizations and relect the common problems situations and or experiences of the members
Term
Strong Culture
Definition
core values are strongly held and immensely spread.
Term
Weak Culture
Definition
vagueness, ambiguity, and/or inconsistencies.
Term
Importance of Culture
Definition
More culture correlated with higher profits.
-Extension of reward system (equity theory)
-determinant of turnover (P-O Fit)
-directs toward correct behaviors even w/o management.
-
Term
Functions of Organizational Culture
Definition
1. Identity
2. Facilitate Commitment
3. Promote Social System Stability
4. Help make sense of surroundings.
Term
Artifacts
Definition
Observable Products of the culture (symbols, songs, texts, ceremonies.)
Term
Values
Definition
Specify rules of appropriate behavior. Norms about what is right and wrong, important/unimportant.
Term
Assumptions
Definition
Underlie organizational culture, taken for granted, shared beliefs: hidden. Must be inferred.
Term
Tools for Managing Culture
Definition
Special Physical Settings
Symbols
Ceremonies
Costumes
Jargon/Language
Stories/Scripts
Term
Special Physical Settings
Definition
Promote cohesion, facilitate role-taking, sealed from outside world.
Term
Symbols
Definition
Objects to reinforce and communicate quickly and economically the values and ideology
Term
Ceremonies
Definition
Foster cohesion and morale
Create status hierarchy with equal opportunity reward structure
Term
Costumes
Definition
Reinforce collective organizational identity, and the shared faith of all of the members.
Term
Jargon/Language
Definition
-facilitates communication
-communicates assumptions, values and ideology
Term
Stories and Scripts
Definition
Narratives that make ordinary actions extraordinary.
Term
How is culture sustained
Definition
leadership- vision
top mgmt- rewards nd structure
selection- hires fit into culture
socialization- taught how to behave.
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