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Study Guide 15-18
LAST TEST!!
31
Management
Undergraduate 1
05/10/2011

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Cards

Term
Attribution Theory
Definition
we have a basic need to understand and explain the causes of other people's behavior
We need to know why people do what they do
General reasons to explain behavior:
Internal Attribution-voluntary or under their control
External Attribution-involuntary or beyond their control
Term
defensive bias
Definition
(workers) the tendency for people to perceive themselves as personally and situationally similar to someone who is having difficulty or trouble. (use external attributions)
Term
fundamental attribution error
Definition
(managers) the tendency to ignore external causes of behavior and to attribute other people's actions to internal causes
Term
self serving bais
Definition
the tendency to overestimate our value by attributing successes to ourselves (internal causes) and attributing failures to others or the environment (external causes)
Term
informal communication channels
Definition
transmitting messages from employee to employee outside the formal communication channels
"The Grapevine"
75-95% accurate, Highly Accurate, information is timely, senders seek feedback, accuracy can be verified
Term
coaching
Definition
communicating with someone for the direct purpose of improving the person's on the job performance or behavior
Term
counseling
Definition
communicating with someone about non job related issues that may be affecting or interfering with a persons performance.
Term
nonverbal communication
Definition
any communication that doesn't involve words. 93% of any message is transmitted nonverbally, with 55% coming from body language and facial expressions and 38% coming from tone and pitch of voice.
1) Kinesics-movement of the body and face (eye contact, hand gestures, crossing legs)
2) Paralanguage- the pitch, tone, rate, volume, and speaking pattern of a persons voice (silences, pauses, or hesitations). When people are unsure what to say, they tend to speak softly, When people are nervous they tend to speak faster and louder.
Term
ORGANIZATIONAL SILENCE
Definition
When employees believe that telling management about problems won't make a difference or that they'll be punished or hurt in some way for sharing such information
Company Hotlines, Survey Feedback, Informal Meetings, Surprise Visits, Blogs
Term
3 basic control methods
Definition
Bureaucratic Control-Top-down control,Use rewards and punishment to influence employee behaviors,Use policies and rules to control employees,Often inefficient and highly resistant to change
Objective Control-Use of observable measures of worker behavior or outputs to assess performance and influence behavior
1.BehavoirRegulation of the behaviors and actions that workers perform on the job
2.Outputs-Regulation of workers’ results or outputs through rewards and
incentives
Normative Control-careful selection of employees
observing experienced employees & listening to stories they tell about the company
Term
customer defections
Definition
Monitoring customer defections:
identify which customers are leaving the company
measuring the rate at which they are leaving
Obtaining a new customer costs ten times as much as keeping a current one
Customers who have left are likely to tell you what you are doing wrong
Understanding why a customer leaves can help fix problems and make changes
Term
3 strategies for waste prevention and reduction
Definition
Good housekeeping – regularly scheduled preventive maintenance for offices, plants, and equipment
Material/product substitution – replacing toxic or hazardous materials with less harmful materials
Process modification – changing steps or procedures to eliminate or reduce waste
Term
4 levels of waste minimization
Definition
Waste Prevention & Reduction
Recycle & Reuse
Waste Treatment
Waste Disposal
Term
raw data
Definition
facts+figures
Term
information
Definition
useful data that influences choices and behaviors
Characteristics-Accurate, Reliable, Valid, Complete, Sufficent, Relevant, Timely, Available
Cost
Acquisition Cost - cost of obtaining data that you don’t have
Processing Cost - cost of turning raw data into usable information
Storage Cost - cost of physically or electronically archiving information for later use and retrieval
Retrieval Cost - cost of accessing already stored and processed information
Communication Costs - cost of transmitting information from one place to another
Term
protecting information
Definition
process of ensuring that data are reliably and consistently retrievable in a usable format for authorized users, but no one else
Authentication
Authorization
Two-factor authentication (biometrics)
Firewalls
Antivirus software
Data encryption
Virtual private networks
Secure Sockets Layer (SSL) encryption
Term
knowledge
Definition
Understanding that one gains from information
Term
unsupervised data mining
Definition
Affinity Patterns-Two or more database elements occur together significantly
Sequence Patterns- one of the elements preceds the other
Predictive Patterns-Helps identify database elements that are different
Data Clusters-
Three or more database elements occur together
Term
PRODUCTIVITY
Definition
Measure of performance that indicates how many inputs it takes to produce or create an output
Productivity = Outputs/Inputs
Term
Why productivity matters?
Definition
Higher Productivity=Lower Cost=Lower Prices=Higher Martket Share=Higher Profits=Higher Standard of Living
Increased wages and new jobs
More donations to charities
More affordable and better products
Term
PARTIAL PRODUCTIVITY
Definition
how much of a particular kind of input it takes to produce an output
Outputs/Single Kind of Output
Term
MULTIFACTOR PRODUCTIVITY
Definition
how much labor, capital, materials, and energy it takes to produce an output
Outputs/(Labor+Capital+Materials+Energy)
Term
quality related product characteristics
Definition
Breakdown – occurs when a product quits working or doesn’t do what it was designed to do
Reliability-average time between breakdowns
Product failure – products can’t be repaired
Durability-mean time to failure
Servicablilty-how easy or difficult it is to fix a product
Term
service characteristics
Definition
Reliablity-ability to consistently perform a service well
Tangibles-appearance of the offices, equipment, and personnel involved with the delivery of a service
Responsiveness-promptness and willingness with which service providers give good service

Assurance-The confidence that service providers are knowledgeable, courteous, and can be trusted
Empathy-Extent to which service providers give individual attention and care to customers’ concerns and problems
Term
balrige award
Definition
Given to U.S. companies to recognize achievement in quality and business performance
Raises awareness about the importance of quality and performance excellence as a competitive edge

Indicates the extent to which companies have actually achieved world-class quality
Leadership
Strategic Planning
Customer Focus
Measurement, Analysis, & Knowledge Management
Workforce Focus
Process Management
Results (account for 450pts)
Term
service profit chain
Definition
Average business keeps only 70-90% of existing customers each year
New customers typically buy only 20% as much as established customers
Business could double their profits by simply keeping 5% more customers
each year
Term
manufacturing operations
Definition
Amount of Prossesing-
Make-to-order operations (more processing)
manufacturing doesn’t begin until an order is placed
Assemble-to-order operations
used to create semi-customized products
order parts and assemble modules ahead of customer orders
Make-to-stock operations (less processing)
manufacture standardized products
Starts ordering parts and assembling finished products before receiving customer orders
degree to which manufacturing operations can easily and quickly Flexibility-change the number, kind, and characteristics of products they produce
Continous Flow Production-Produces products continuously, like oil drilling
Line Flow Production-Uses predetermined, linear steps, like beverage bottling
Batch Production-Produces specific quantities of different items, like a bakery or commissary
Job Shops- Handles small, specialty batches
Term
TYPES OF INVENTORY
Definition
Term
measuring inventory
Definition
Average Aggregate Inventory-the average overall inventory for a certain time period
Weeks of Supply-the number of weeks it would take for a company to run out of current inventory
Stockout – running out of inventory
Inventory Turnover-the number of times a year that a company sells or turns over its average inventory
Term
types of setup cost
Definition
cost of (1) downtime and (2) lost efficiency when a machine is changed to produce different kinds of inventory
Term
types of stockout cost
Definition
cost when a company runs out of a product
2 kinds: transaction costs & the loss of
customers’ goodwill
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