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133
Business
Undergraduate 4
05/13/2013

Additional Business Flashcards

 


 

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Term
Group Behavior
Definition
Two or more individuals who come together to achieve particular objectives.

*Can be Informal (a team) or formal (a gang).
Term
Command Group
Definition
Individuals report to a manager.
(ex: department)
Term
Task Group
Definition
Individuals working together to complete a task.
(ex: team)
Term
Interest Group
Definition
Individuals working together to resolve a common task.
(ex: lobby group)
Term
Friendship Group
Definition
Individuals with similar values and attitudes.
Term
Security
Status
Self esteem
Affiliation
Power (in numbers)
Goal Achievement
Definition
List 6 reasons why people join groups.
Term
Punctuated Equilibrium Group Model
Definition
Theory that groups go through a transition period between inertia and activity.
*common for many temporary teams
Term
forming and adjourning
Definition
Work really starts almost exactly halfway between _______ and _______ in almost every case.
Term
Norms
Definition
Acceptable standards of behavior within a group.
Term
Performance Norms
Definition
How an individual should work.
Term
Appearance norms
Definition
What they should look like.
Term
Social Arrangement Norms
Definition
Informal grouping and status.
Term
Conformity
Definition
Adjusting one's behavior to align with the norms of the group.
*Reduces cognitive dissonance
Term
Cognitive Dissonance
Definition
Refers to a situation involving conflicting attitudes, beliefs or behaviors. This produces a feeling of discomfort leading to an alteration in one of the attitudes, beliefs or behaviors to reduce the discomfort and restore balance etc.

For example, when people smoke (behavior) and they know that smoking causes cancer (cognition).
Term
Status
Definition
A perception of rank within a group
(ex: players, celebs)
Term
freedom, breaks
Definition
High status individuals have more ______ and get more _______.
Term
Pay
Position
Attire
Office
Perks
Definition
What are forms of status?
Term
decision making
implementation (getting shit done)
Definition
Larger groups are better at _______ _______ and smaller groups are better at ________ (__________).
Term
5-7
Definition
Groups of __-__ members are best at decision making and implementation.
Term
odd better than even
Definition
Groups of ___ numbers are better than ___.
Term
Social loafing
Definition
occurs in larger groups
Term
Skills Diversity
Definition
____ ____ improves decision making.
Term
Cultural Diversity
Definition
______ _______ reduces implementation speed.
Term
improves
Definition
Group cohesiveness ______ productivity.
Term
Teams
Definition
_____ can produce a synergy effect.
Term
negative
Definition
Teams can also produce a _____ synergy in the form of social loafing.
Term
Simple and learned
Definition
Individuals in teams work better if tasks are _____ and ______
*(showing off to other team members)
Term
complex
Definition
Individual performance in teams can be worse if tasks are _______.
*(Fear of failure and public ridicule)
Term
large, heterogenous
Definition
Complex tasks are handled better by _____,_______ groups.
Term
small, homogenous
Definition
Simple tasks are handled better by _____,______ groups.
Term
info and knowledge and has higher quality decisions.
Definition
Group decision making generates more _____ and ____ and has higher _____ decisions. (ex: wisdom of the masses)
Term
groups may be more effective, but individuals are more efficient
Definition
In group decision making there is a greater acceptance of solutions, however, in general ____________________________.
Term
Negotiation
Definition
the process that occurs when two or more parties decide how to allocate scarce resources.
aka- bargaining
Term
Distributive bargaining
Integrative bargaining
Definition
What are the two general approaches to negotiation?
Term
Distributive bargaining
Definition
Operates under the assumption that the size of the pie is fixed and the one gains at the other's expense.
(ex: haggling over a car)
Term
Distributive bargaining
Definition
Which bargaining theory has these characteristics?

Win-Lose
Get as much as possible
Interests of parties are opposed
Low information sharing
short term focus
Term
Integrative bargaining
Definition
operates under the assumption that the size of the pie can be increased and all parties can gain.
(ex: B2B one stop shopping)
Term
Integrative bargaining
Definition
Which bargaining theory has these characteristics?

Win-win
Expand the whole pie (market)
Interests of parties are congruent
High sharing of info
Long term orientation
Term
distributive than integrative
Definition
More groups engage in ______ than ______ bargaining.
Term
trust
Definition
Integrative bargaining is difficult because it requires complete ____.
Term
first, aggressive
Definition
In distributive bargaining its better to make the ____ offer and an ___ offer to achor the negotiation and exert power.
Term
teams
Definition
___ reach more integrative outcomes than individuals.
Term
tradeoffs
Definition
If you put more chips on the teable it allows for greater _____ and therefore satisfaction.
Term
Compromise
Definition
_____ may be your worst enemy in negotiating a win-win agreement because it reduces the pressure to come up with a creative solution.
Term
1.) Preparation and planning
-History of issues and desired outcomes (what are the things you'll never give up)
2.) Definition of ground rules
-place, time, issues, procedures
3.) Clarification and justification
-sharing of information and expectation
4.) Bargaining
-feeling out other parties and reaching agreements.
5.) Closure and implementation
-formalizing the agreement and follow through
Definition
What are the five steps in the negotiation process?
Term
Preparation
Definition
If you don't do it right, everything is lost.
Term
What is the end goal
What can they give up
What do they need to know
Definition
What are three things negotiators need to know in advance?
Term
prepared.
win-lose environment
Definition
The more you know about your opponent, the more ______ you are.
You will more likely be in a ___-____ environment.
Term
Basic conception of negotiation process
is it a competitive or problem solving process?
Negotiator selection criteria
is it based on experience, status, expertise, etc?
Significance of issues
is it specific (like price) or general (like relationships)?
Definition
What are the three things you need to know regarding preparation?
Term
Leadership
Definition
The process of influencing a group toward achievement of common goals
Term
better
Definition
Leadership is about making other people _____.
Term
trust (handshake) or legal commitment (contract)
Definition
Forms of satisfactory agreement is based on ___ or ____ _____.
Term
individual or group consensus
Definition
Decision making system is based on what?
Term
How fast should negotiations proceed
Definition
Value of time is based on?
Term
how willing are participants to give up information
Definition
Risk taking prosperity is based on?
Term
Based on past experience, intuition or rules.
Definition
What is the bases of trust?
Term
individual, company or community goals.
Definition
What are the roles of individuals' aspirations based on?
Term
poor
Definition
Outgoing, friendly people tend to be ______ negotiators.
Term
better
Definition
Bad asses are _____ at distributive bargaining.
Term
anger/hostility
Definition
When you're in a power position ____/____ tends to work best. When in a weak position, it doesn't help.
Term
Integrative
Definition
Positive moods can help in _______ bargaining.
Term
similarly
Definition
Men and women tend to negotiate _____ under similar circumstances.
Term
men more than women
Definition
____ tend to get better results in negotiations than ____.
Term
Use competition ("I'm the big dog")
quick decision action is needed
Use collaboration when both sets of conercern are too important to be compromised
Use avoidance for trivial issues, when disruption outweighs benefits, or to allow things to cool down.
Use accommodation when wrong to promote harmony.
Use compromise to arrive at temporary solutions or when opponents have equal power.
Definition
How can you hand/reduce conflict? (5)
Term
illegitimate
Definition
Authority without responsibility is ________.
Term
vision, goals and process
Definition
Leadership sets the ____, _____ and ____ ; management ensures that it happens.
Term
lead
Definition
You dont manage men into battle , you _____ them.
Term
Trait theory
Behavioral
Path-goal
Transformational- Transactional
Charismatic
Definition
What are the 5 theories of leadership?
Term
Trait Theory of leadership
Definition
What is sometimes called the Great Man Theory?
Term
Trait Theory of LeadershipProposes that leaders are born with, or acquire, specific traits or characteristics:
Definition
Drive
Desire to lead
Honesty and integrity
self confidence
intelligence
job relevant knowledge
extraversion
Term
Autocratic
demanding; boss makes all decisions
Democratic
participatory; boss solicits ideas from employees
Laissez-faire
free reign; boss empowers employees to make all decisions

*None clearly predicts leadership effectiveness.
Definition
Behavioral Theory of Leadership proposes that there are 3 distinct types of Leadership
Term
Path-Goal Theory of Leadership
Definition
Theory that good leaders clear the path to help followers achieve their goals (both personal and organizational) by reducing roadblocks and pitfalls.
Term
only when required.
Definition
Employee performance and satisfaction improve when leaders compensate for employee and organizational shortcoming, in essence, to help ___________.
Term
Functional leaders who clarify role and task requirements to achieve desired goals.
*Similar to path goal theory
Definition
What is a transactional theory of leadership?
Term
Charismatic leaders who provide individual consideration and intellectual stimulation.
*Similar to Druckers theories
Definition
What is a transformational theory of leadership?
Term
Transformational
Definition
Which is more effective; Transformational or Transactional theory?
Term
Vision
Ability to articulate the vision
willing to take risks to achieve the vision
sensitivity to followers' needs
Exhibit extraordinary behavior such as integrity, honesty and bravery.
Definition
Charismatic theory is similar to trait theory in that leaders have 5 characteristics:
Term
Charismatic Leadership Theory
Definition
Studies have shown this is to be genetic or learned at an early age.
Term
Team Leadership
Definition
Required skills that are different from typical leaders associated more with good management.
coaching
facilitating/ trouble shooting
conflict management
training
communication
*give example of a good leader (ex eleanor)
Term
isnt
Definition
Transformational leadership ____ affected by culture
Term
different
Definition
Men and women have _____ styles of leadership
Term
Women
Definition
As a leader,____ are more democratic and participative.
Term
Women
Definition
As a leader, they rely more on communication and interpersonal skills.
Term
men
Definition
____ are more autocratic and goal oriented.
Term
coercive and legitimate
Definition
Men rely more on _____ and ___ power.
Term
Ability to control
Ability to freely make decisions
Ability to force change
Definition
Power is the ability to _____, to ___________, and __________.
Term
Yes, but the thing is; it matters to the degree to which they seek it. Also, its how one behaves with power.
Definition
Does every company desire power? does every person desire power?
Term
Behavioral- democratic. or Laizze Affair
Definition
What type of leadership style is shared among the Boss and Peter?
Term
Felt
Definition
Out of the 5 stage conflict theory, what is the style regarding Office Space?
Term
Change
Definition
Any divergence from the status quo
*companies plan in anticipation of change
Term
To improve performance
to meet present and future demands
survival
Definition
what is the purpose of change?
Term
Neutral

*it is inevitable
What is the purpose of change?
Definition
Is change good or bad?
Term
Organic
Definition
Change is "_____."
Term
Change
Definition
____ is continuous.
Term
Political
environmental
social
technological
Definition
What are examples of macro environment regarding forces of change?
Term
stakeholders
suppliers
Definition
What are micro environmental changes?
Term
Employees
Corporate culture and structure
materials
Definition
What is the internal environment regarding change?
Term
Big boat in a calm sea (education
Raft on the rapids (technology - change happens fast)
Definition
What are the two types of change?
Term
The six external environmental factors
Definition
What determines what type of change you experience?
Term
internal environmental factors
Definition
What determines how well a business will survive?
Term
Fear of the Unknown
Uncertainty of the outcome
Doubt that the result will be positive
Definition
What is FUD?
Term
Saw

or IBM
Definition
What is an example of FUD?
Term
Disrupted habits
loss of confidence
loss of control
lack of purpose
Definition
What are some reasons why people may resist change?
Term
Structural Inertia
strong, highly centralized companies are slow to change
Group Intertia
groups get confortable in doing things a certain way
Threats to special groups
certain groups (ex purchasing) may resist change via outsourcing
Threats to power relationships
managers may fight losing decision making authority as companies get lean
Definition
What are reasons why organizations may resist change?
Term
status quo
resistance
chaos
integration
new status quo

**check chart later
Definition
Satir Change Model

Virginia Satir US psychotherapist developed the concept that change acceptance proceed in 5 stages
Term
will eventually get better.

Satir Change Model
Definition
You need to have a long term plan. Things will be bad in the beginning, but ...
Whats this?
Term
Education and communication
participation and involvement
facilitarion and support
manipulation and co-optation
explicity and implicit coercion

**Make it fast before resistance builds up
Definition
What are some ways to deal with resistance to change?
Term
Check the benefits
those involved see a clear advantage
check the compatibility
keep the changes similar to existing values/process
check the simplicity
make it easy as possible to understand
check the triability
allow people to slowly try the change adjusting as progression is made.
Definition
What is the checklist with dealing with resistance to change?
Term
a change agent who takes leadership responsibility for changing the existing pattern of behavior of another person or social system
*martin luther king
Definition
What is a change leader?
Term
Forward looking
proactive
embraces new ideas
Definition
Change leadership is
Term
Change initiatives come from senior management
success depends on support of middle-level and lower-level workers
Definition
Explain Top down changes
Term
The initiatives for change comes from any and all parts of the organization, not just top management

*crucial for organizational innovation
Definition
Explain Bottom-up changes
Term
employee empowerment
employee involvement
employee participation
Definition
Bottom up changes are made possible by
Term
Binds and adjusts existing ways to improve performance (continuous improvement
Definition
What is incremental change?
Term
results in a major and comprehensive redirection of the organization (rightsizing)
Definition
What is transformational change?
Term
making continual adjustments as changes are being planned (gut feel)
Definition
What is improvisational change?
Term
Group Think
Definition
members change opinions to conform
Reduces cognitive dissonance
can lead to lemming (mob) effect
Term
Group Shift
Definition
individuals tends to take on more risky behavior in groups
there is strength in numbers
less individual responsibility and accountability
they want to take leadership positions
Term
Ways to reduce group think
Definition
keep groups small
the group leader has to be impartial (no faves)
need a devil's advocate
encourage and listen to all opinions
Term
Teams
Definition
transitory groups of people with complimentary skills that work toward a specific common goal
Term
Benefits of teams to organizations
Definition
high degree of flexibility
quick reaction/response
broad range of views and talents
focused
Term
What are the 4 types of teams?
Definition
Problem solving teams
self managed work teams
cross functional teams
virtual teams
Term
problem solving teams
Definition
This type of team is very short term and has limited authority
usually derived from the same department
designed to solve a very specific problem
Term
self managed work team
Definition
This type of team operates without a manager
there is a high degree of authority and responsibility
long time horizon, almost permanent
grew out of TQM movement
30-50% of US companies use them
Term
cross functional teams
Definition
This type of team has distinct diverse skills
intrinsic of matrix management
employee derived from different departments
recommended for new product development teams
Term
virtual teams
Definition
This type of team is very short term
specific task oriented
similar to problem solving teams
IT/computer dependent
Term
teams
Definition
All ____ will vary in size, structure, membership, duration and purpose
Term
team context
team composition
team process
Definition
In general, three groups of items need to be addressed in order to create successful teams
Term
Human relations (view of conflict)
Definition
the view that conflict was natural and unavoidable, therefore must be expected and accepted
-evolved after WWII into the 60s
expressing yourself including hostile emotions was encouraged
Term
Interactionist (view of conflict)
Definition
encouraged conflict to offset the lack of creativity and innovation arising from harmony, peacefulness and tranquility
-became popular in the late 60s/ early 70s in response to the silent generations
Term
Interactionist (view of conflict)
Definition
Proposes that some conflict is good (functional) while others are destructive (dysfunctional)
Term
Managed (view of conflict)
Definition
belief that conflict is unproductive because it takes time away from work; produces stress and reduces trust, communication and cohesion which reduces long term group viability
Term
inevitable
conflict process
Definition
Managed view of conflict recognizes that conflict is ______ but its negative effects must be minimized through proper constructive methods via the ______ process
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