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MGMT 370 FINAL
IASTATE CHACKO | IOWA STATE UNIVERSITY
44
Management
Undergraduate 3
12/10/2012

Additional Management Flashcards

 


 

Cards

Term
Planning Function (HRM)
Definition
Process of determining/forecasting
1)human resource needs (demand forecast)
2)human resource availability (supply forecast)
Internal and External
Term
Staffing Function (HRM)
Definition

Mutual process where the individual and the organization are matched to form the employment relationship.

1) Recruitment: Identifying and creating a pool of qualified applicants.

2) Selection: Collect and evaluate information and discriminate based on the information.

3) Employment

Term
Training Function (HRM)
Definition
Planned organizational effort to facilitate learning of job-related behaviors.
Term
Performance Appraisal Function (HRM)
Definition
Measurement and evaluation of employees. Set expectations for employee performance.
Term
Compensation Function (HRM)
Definition
Rewards given to employees in exchange for their contributions.
Term
HRM Activities
Definition
-Attracting
-Developing
-Maintaining
Term
Realistic Job Previews:
Definition
vaccination effect - lowering expectations
Term
Employee Selection
Definition
-Collecting information
-Evaluating information
-Discriminating
Term
Criterion
Definition
Factors describing employee success on the job. What we want to predict.
-Sales
Term
Predictors
Definition
Factors describing employee success on the job. What we use to predict.
-Lines of Code
-Work Experience
-Artistic talent
Term
Selection Interview Issues
Definition
potential biasing effects, reliability, validity
Term
Equity Issues in Compensation
Definition
-External equity
-Internal equity
-Individual equity
Term
Strategic Management
Definition
-Management process concerned with achieving synergy of an organization’s internal divisions and convolution of the organization with its external environment for achieving organizational goals.
-Concerned with the mission, plans, objectives, strategies for the total organization (through strategy formulation and implementation)
Term
Strategy Formulation
Definition
-Analyzing the environment
-Analyzing organizational resources
-designing strategy for future competitive advantage.
Term
SWOT Analysis
Definition
[image]
Term
Corporate-level (strat):
Definition
Types of business, competitive position, resource development and allocation, i.e., what set of businesses are we/should we be in?
Term
Business level (strat)
Definition
Competitive advantage in a particular market, i.e, how do we compete and seek competitive advantage?
Term
Functional level (strat)
Definition
Action plans for each functional area, i.e., how do the functional ppp support the business strategy.
Term
Strategies (image)
Definition
[image]
Term
Cash Cows (BCG)
Definition
Units with high market share in a slow-growing industry. These units typically generate cash in excess of the amount of cash needed to maintain the business.
Term
Dogs (BCG):
Definition
units with low market share in a mature, slow-growing industry. These units typically "break even", generating barely enough cash to maintain the business's market share.
Term
Question marks (BCG):
Definition
Are growing rapidly and thus consume large amounts of cash, but because they have low market shares they do not generate much cash.
Term
Stars (BCG):
Definition
Units with a high market share in a fast-growing industry. The hope is that stars become the next cash cows.
Term
Porter's Competitive Strategies (Image)
Definition
[image]
Term
Strategy Formulation (step)
Definition
-mission
-objectives
-strategies
Term
Strategy Implementation (step)
Definition
-org design
-policies
-practices
-people
-leadership
Term
Evaluation and Control (step)
Definition
performance
Term
Leadership vs Management
Definition
[image]
Term
Leadership
Definition
Ability to influence other people toward the attainment of goals
Term
Bennis Leadership:
Definition
Self knowledge: how do you learn, do you face reality, do you watch & listen, are you willing to improve?
Social Network knowledge: do you know how to build a strong team, can you help/teach them?
Organizational knowledge: do you know how to draw on the strengths of others, do you help them develop?
Stakeholder knowledge: do you know how to create interactions with a host of stakeholders?
Term
Leadership Qualities
Definition
-Courage
-Consistency
-Candor
-Charm
-Ability to Communicate
Term
Performance Equation
Definition
performance=KSA's * Motivated Behavior * context
context: the degree and type of effort that an individual exhibits.
Term
Variables affecting Motivational Process
Definition
-Individual characteristics
-Job characteristics
-Work environment characteristics
Term
Context Theory (motivation)
Definition
focus on needs and their fulfillment
Term
Process Theories (motivation)
Definition
Focus on cognitions (what comes know via perceptions) people make in choosing actions
Term
Reinforcement Theory (motivation)
Definition
focus on relationship between stimulus and response and consequences
Term
Herzberg's Two-Factor Theory
Definition
[image]
Term
Equity Theory (motivation)
Definition
Ones perception of fairness compared to others.
Term
Expectancy Theory (motivation)
Definition
Ones expectations about ability o perform and get desired rewards.
Term
goal-setting theory (motivation)
Definition
ones goals and process of setting them
Term
Expectancy, Instrumentality
Definition
Expect: How well the person believes effort will lead to 1st order outcomes.

Inst: How well one perceives he link between 1st and 2nd order outcomes.
Term
Valence
Definition
The value a person attaches to the outcome
Term
Job Characteristics Model (enrichment)
Definition
-critical psychological states (meaningfulness, responsibility, knowledge)
-outcomes
-core job dimensions
-moderating factors
Term
Core Job Dimensions
Definition
skill variety - range of ksa and activities
task identity - whole job, beginning to end
task significance - substantial impact on others
autonomy - freedom, discretion, independence
feedback - information on effort or performance
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