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MGMT Test 3
test 3
33
Management
Undergraduate 4
11/30/2015

Additional Management Flashcards

 


 

Cards

Term
Central leadership =
Definition
power
Term
leaders have 5 important sources of power
Definition
legtimate, reward, coercive, referant, expert
Term
path goal theory
Definition
influence folloers exception of their work goals and path to attain it
Term
motivation
Definition
energize and direct , sustain
Term
expectancy theory
Definition
perceived theory likelhood that effort will lead to a successful performance
Term
instrumentality
Definition
perecieved likelhood that a perforance will lead to an outcome
Term
valence
Definition
percieved value of the outcome
Term
task identity
Definition
compeltion of whole identifiable piece of work
Term
task significance
Definition
belief what you are doing is important
Term
equity theory of motivation
Definition
money they pay me is not good enough, amount of work is not good enough.
Term
self managed teams
Definition
workers are trained to do all or most of the jobs in a unit, have no suprvisor , make decisions that are made by a 1st line supervisor.
Term
personality characteristic
Definition
role
Term
cross training is a norm true or false
Definition
true
Term
brevity-
Definition
the more you say less of it will be rewarded
Term
grapevine, does it count?
Definition
yes
Term
beuracratic control
Definition
rules
Term

Managers are discovering that control systems based solely on bureaucratic and market mechanisms are insufficient for directing today’s workforce because

Definition

Employee’s jobs have changed

The nature of management has changed

 

The employment relationship has changed

*empowerment is necesscary !!!!

Term

states that control is enhanced by concentrating on the exceptions, or significant deviations, from the standard


Definition

The principle of exception


Term
leverage
Definition
debt
Term
liquidity
Definition
cash flow- money that you have right now
Term
profit and loss statement
Definition

t is an itemized financial statement of the income and expenses of a company’s operations-

Term

shows the financial picture of a company at a given time- every 6 months . overall pic of what company owes and owns 


Definition
balance sheet
Term
checking overall performance of the company
Definition
financial ratios
Term

control *is the use of rules, regulations, and formal authority to guide performance- follow the rules (mechanistic)


Definition
beuracratic
Term

 *is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them (part of culture)- group controls itself. (organic)


Definition
CLAAAANNNNNN
Term
audits
Definition
case study- review of overall progres. whether the company is meeting said goals
Term
asset
Definition
what the company owns
Term
liabilities
Definition
what the company OWES
Term
stockholders equity
Definition
asset- liablities. how the company is actually doing.
Term
what is the diff. between a balance sheet and a profit and loss stae
Definition
a balance sheet reflects what you owe & own at a particular time
Term

economy destroys

inefficiency and redirects resources

towards improved products and

 

services.

Definition
free market
Term

 is the process of comparing the organization’s practices and technologies with those of other companies*

Definition
benchmarking
Term
scanning
Definition
what is done and what can be developed
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