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MGMT3000 Final
final exam review
61
Management
Undergraduate 3
04/29/2012

Additional Management Flashcards

 


 

Cards

Term
organizational citizenship
Definition

behaviors that make a POSITIVE contribution to the organization

-personality/attitude

-the culture

Term
dysfunctional behavior
Definition

behaviors that detract from organizational performance

-absenteeism

-turnover

-harassment

-violence

Term

What is the big 5 model of personality?

OCEAN TEST

Definition

Openess: a persons rigidity of beliefs and range of interests

Conscientiousness:tendency to aim for achievement

Extraversion:comfort level with relationships, outgoing

Agreeableness:ability to get along with others

Negative emotionality:the extent to which a person is calm,secure,poised, resilient

Term
Where does Steve Jobs lie on the OCEAN Test?
Definition
  1. LOW agreeableness, doesnt get along with other people well
  2. High conscientiousness-aims for high achievement
  3. HIGH negative emotionality-tends to NOT be calm or resilient, secure
  4. MEDIUM extraversion-sort of outgoing, sort of keeps to himself
  5. LOW openess: doesnt have a wide range of beliefs/interets
Term
Psychological Contract
Definition

the OVERALL set of expectations held by an individual with respect to what he or she will provide to the organization and what the org. will provide in return

-This summer I am going to give all my EFFORT, ABILITY, and LOYALTY to Omnicom. In return I expect PAY, JOB SECURITY, and BENEFITS. 

Term
Locus of Control
Definition

-personality trait

-the extent to which people believe that their behavior has a real effect on what happens to them. 

  1. Internal LOC: I believe I am in Control of MY life
  2. External LOC: I believe that external forces (God) dictate what happens to me.
Term
Self Efficacy:
Definition

-personality trait

-the belief about my capabilities to perform a task

  1. HIGH self efficacy-means that I think that I can perform well
  2. LOW self-efficacy-means that I dont think I can/I will perform badly
Term
Emotional Intelligence
Definition

(EQ)

-personality trait

-extent to which people are self-aware, can manage their emotions, express empathy, posses social skills

-people with HIGH Eqs perform better on jobs that require interaction such as sales jobs

-EQ CAN BE DEVELOPED!! Not born with high EQ

Term
Affectivity
Definition

-personality trait

-either optimistic or pessimistic

  1. Positive Affectivity: upbeat and optimistic
  2. Negative Affect: downbeat and pessimistic, bad mood
  • usually EVERYONE falls somewhere in the MIDDLE
Term
What are the 3 components of Attitudes?
Definition
  1. Affective: How we feel
  2. Cognitive: why we feel that way
  3. Intentional:what we intend to do about the situation or in that situation

Attitudes are BELIEFS/FEELINGS

Term
Cognitive Dissonance:
Definition
the mental discomfort we feel when our attitudes are conflicting with our intended behavior
Term
Job satisfaction or Dissatisfaction
Definition

An attitude that reflects the extent to which an individual is gratified or fulfilled by his or her work.

**If an employee is satified with their job than they will be absent from work less often, make positive contributions, and stay at that company longer.

**opposite for job dissatisfaction

**However, just because you are satisfied with your job doesnt mean HIGH job performance.

Term
Organizational commitment
Definition

an attitude that reflects an individual's identification with an attachment to an organization

**stregthens with age, years with the company, job security, and increased participation in decision making

Term
What is perception? And what are the 4 components of it?
Definition

**Perception is the way that we become aware of and interpret information.

  1. Attribution: when we observe behavior and attribute a cause to it
  2. Selective Perception: the process of screening out information that we are uncomfortable with or contradicts our beliefs
  3. Stereotyping: the process of categorizing or labeling people on the basis of a single attribute (race/gender)
  4. Halo Effect: forming an impression of an individual based on a single trait. I think that the interns at CBS arent that cute and therefore will peform badly but they have alot of experience and can perform well.
Term
What are the stages of the General Adaption Syndrome (GAS) which is the cycle of the stress response process?
Definition
  1. stage 1: Alarm-> Panic. wondering how to cope, feeling the physical response, worrying instead of doing something about it, feeling helplessness
  2. stage 2: resisitance. now working to resist the effects of the stressor (starting to study) Steve Jobs calls this the reality distortion field.
  3. stage 3: Exhaustion. prolonged exposure to the stress causes the individual to give up. just cant do it.
Term
What are the 4 types of demands of work stress in an organization?
Definition
  1. Role Demands: Role ambiguity/Role conflict
  2. Task Demands: decision making issues,information problems
  3. Physical Demands: environment of the workplace issues, threats to health
  4. Interpersonal Demands: leadership styles, group pressures, conflicting personalities
Term
Type  A Personality vs Type B personality
Definition

Type A: competitve, agressive, impatient,devoted to work

Type B: less likely to experience personal stress, more laid back, opposite of type A

Term
What are the 3 main types of Groups?
Definition
  1. Functional Groups: a PERMANENT group created to accomplish a number of organizational purposes within an INDEFINITE time horizon
  2. INFORMAL or INTEREST GROUP: a group created by its own members for purposes that MAY OR MAY NOT be relevant to organizational goals
  3. TASK GROUP: a group created by the organization to accomplish a relatively narrow range of purposes within a STATED TIME HORIZON
Term
What are the 4 stages of Group Development?
Definition
  1. FORMING: get oriented with the job/acquainted with one another
  2. STORMING: emergence of individual personalities, roles, conflicts. suggest ideas, voice disagreements
  3. NORMING: conflicts are dissolved, relationships develop. leaders identify team goals and values
  4. PERFORMING: members concentrate on solving problems and completing tasks.
Term
What are norms?
Definition

**standards of behavior that a group accepts and expects of its members.

-must define what is acceptable and unacceptable boundary lines

 

For example, at whiskey bent if you are a new bartender you have to prove yourself. you cant just get the main spot and you have to do the grunt work. since i was senior bartender I got to come in 15 min late to work if i wanted to and i got to pick the shifts that i wanted. Norms.

Term
What are the main effects that Groups have on individuals?
Definition
  1. Increase social facilitation and decrease social inhibition
  2. increase constructive conflict, and decrease destructive conflict
  3. decrease social loafing(not working as hard as others in the group aka mark4000)  and deindividuation (losing sense of self awareness).
Term
What are the 3 determinants of individual performance?
Definition
  1. Motivation: the desire to do the job
  2. Ability: The capability to do the job
  3. Work Environment: The resources to do the job
Term
What are Maslow's Heiracrchy or Needs?
Definition
  1. Physiological: food, base salary
  2. Security: needs for a safe physical and emotional environment, stability, pension plan
  3. belongingness: needs for love and affection, friendships, friends at work
  4. esteem: positive self image/respect from others, status, job title
  5. self-actualization: reaching ones potential, achievement, challenging job.
Term
What is the Two-Factor Theory of Motivation?
Definition

-an individuals satisfaction and dissatisfaction is influence by two independent sets of factors.

-Motivation and Hygiene fators.

 

Term

What are the Motivation Factors?

 

Hygiene Factors?

Definition

-work content-

-scale of satisfaction to NO satisfaction-

 

  • achievement
  • responsiblity
  • the work itself
  • recognition
  • advancement and growth

Hygiene Factors

-work environment-

scale of dissatisfaction to NO dissatisfaction

  • supervisors
  • working conditions
  • interpersonal relations
  • pay and security
  • company policy and administration
Term
What is the %tage of the need for achievement in the US? that is the need to accomplish a goal or task better than before?
Definition
10%
Term
content perspectives vs. process perspectives vs. reinforcement perspectives
Definition
  1. Content: focus on the needs and deficiencies of individuals. what factors in the workplace motivate people?
  2. Process: focus on why people choose certain behavioral options to satisfy their needs and how they evaluate their satisfaction after they have attained their goals.
  3. Reinforcement: focuses on the role of awards as they cause behavior to change or remain the same over time.
Term
What is the expentancy theory?
Definition

states that motivation depends on how much we want something and how likely we are to get it.

 

Valence: is an idea of how much we value a particular outcome.  + valences have attractive outcomes. example: I value making a lot of money at work in a night so it motivates me to work really hard to get it.

Term
What is the Equity Theory?
Definition

-people are motivated to seek social equity in their rewards they recieve for performance.

-equity is an individuals belief that the treatment he or she receives should be FAIR!!

 

outputs self/inputs of self = outputs others/inputs of other

example: working at the bar, i expect to recieve a fair tip out for the effort that i put in to my sales!

Term
What are the 4 types of reinforcement? 
Definition
  1. Positive: strengthens behavior with rewards or positive outcomes. ex: giving them praise/bonus
  2. Avoidance: strengthens behavior by avoiding unpleasant consequences that would result if the behavior is not performed. ex: telling them you are watching them closely 
  3. Punishment: ex: firing, scolding the employee.
  4. Extinction: weakens undesired behavior by simply ignoring or not reinforcing that behavior
Term
What are the 4 types of reinforcement schedules?
Definition
  1. Fixed Interval: reinforcement applied at fixed time intervals regardless of behavior
  2. variable interval: reinforcement applied at variable time intervals
  3. Fixed ratio: reinforcement applied after a fixed # of behaviors, regardless of time
  4. variable ratio: reinforcement applied after a variable # of behaviors, regardless of time.
Term
Merit Pay Concept
Definition
pay is awarded to employees on the basis of their contributions to the organization
Term
Merit Pay Plans
Definition
compensation plans that formally base at least some portion of compensation on merit.
Term
What are the two types of incentive reward systems?
Definition
  1. monetary
  • Piece-rate
  • Sales Commission
  1. non-monetary
  • days off, paid vacation
Term
Executive Compensation
Definition
  1. base salary
  2. bonuses
  3. stock options
  • current stock price above predetermined price is a good thing!
Term
What is GE's 3 circle strategy?
Definition
  1. Services: Invest in people and acquisitions
  2. Technology: Invest in research and development
  3. Core: reinvest in productivity and quality.
Term
what is operations management?
Definition
the design operation and improvement of the systems that create and deliver the firms primary products and services. 
Term

Order winners

Order Qualifies

Definition

winners: what differientiates one product from another. why we choose to buy the product we do over another

qualifiers: criteri that permit the firms products and services to be considered as candidates for purchase.

Term

Forecasting

 

Definition

**process of predicting a future event

  • economic forecasts
  • technological forecasts
  • demand forecasts
Term
Capacity Management
Definition
**determining the overall capacity level of capital intensive resources, including facilities, equipment, and overall labor force size.
Term
What is inventory turnover?
Definition
COGS/Avg inventory value
Term
WEEKS SUPPLY FORMULA
Definition
Avg inventory value/COGS x 52 weeks
Term
Design Quality vs. Conformance Quality
Definition

Design: the consumers view based on realibility of the product, asethetics, serviceability

Conformance: does this product meet up to the service design specifications? producers view

Term
What are the costs of achieving good quality?
Definition

prevention: design reviews, supplier evaluations, training

appraisal: inspections, realibility testing

Term
ISO: 9000 vs 14000
Definition

International standards organization

9000 : documents that an organization has a quality process in place

14000: documents environmental processes.

Term
Lean Manufacturing
Definition

minimizing types of waste in all activities 

ex: in transportation, inventory, movement, human error

leads to higher productivity

Term
Six Sigma
Definition

process improvement program 

DMAIC

Define, Measure, Analyze, Improve, Control

Term
Vertical Intergration
Definition

producing an input internally instead of purchasing from an outside supplier

 

ex: buy the supplier

Term
What are the 2 types of inputs?
Definition
  1. Commodity inputs: low value, meet minimum quality levels. Goal -> acceptable quality and minimium cost. cheapest bidder
  2. Strategic inputs: HIGH Value. long term relationship with few suppliers. ex: Apple
Term
offshoring
Definition

outsourcing from overseas

 

ex :Walmart --> 85% of its merchandise is made abroad.

10-13% of chinas exports go to walmart.

want an identifiable trail from raw material to customer

Term
Bullwhip effect
Definition

need to try to reduce variability in demand which makes it easier to plan inventory and keep costs down. 

 

integrated relationship between the retailer, wholesaler, and manufacturer help counteract the bullwhip effect. 

Term
What are the 4 supply chain strategies?
Definition
  1. Make to Stock: standardized products, meet customer demands quickly
  2. Make to Order: customized products, more expensive, low inventory
  3. Configure to order: many variations of finished product, simplified planning
  4. Engineer to Order: complex products, enable response to specific customer requirements.
Term
Push vs Pull strategy
Definition

Push: inventory is pushed into the system and always readily available

PUll: inventory is pulled into the system based on customer orders. lower inventory

 

*best to have to an integrated push pull strategy

Term
decoupling point
Definition
the point where materials and componets are stored and waiting to be produced into products as the customer orders are coming in
Term
mass customization
Definition
customized products are created with a production cost and a price similar to mass produced products
Term
what %tage does the service sector make up of the GNP? and what %tage is it responsible for creating new jobs?
Definition

80% of GNP

90% of new jobs

Term
The continuum or products and services...
Definition
Pure products, Core products, Core Services, Pure Services
Term
Customer Centricity
Definition

viewpoint that all elements of the organization should exist to serve customers.

 

Service companies are more customer centric than manufacturing companies.

Term
How do we manage variability?
Definition
By reducing it or accomodating it
Term
front office/back office
Definition

front office: requires customer presence

back office: doesnt require customer presence. ex: warehouse vs sales floor

Term
SERVQUAL
Definition

a survey developed for assessing quality along five service dimensions.

 

Two parts: customer expectations and customer perceptions.

 

5 quality dimensions:

  1. tangibles: facility, equipment,people present
  2. reliability: ability to perform promised service
  3. responsiveness: prompt service
  4. assurance: knowledge and courtesy
  5. empathy: caring attention
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