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Flashcards based on lecture notes about management, ethics, strategy, and organizational behavior.
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What is the definition of Management?
Attaining organizational goals effectively and efficiently through PLOC
Define Effectiveness in a management context.
Achieving stated goals (doing what you said you would do)
Define Efficiency in a management context.
Using minimal resources to achieve goals
List the Four Management Functions.
Plan, Lead, Organize, Control
What are the three key management skills?
Technical skills, Human/interpersonal skills, Conceptual skills
Describe the responsibilities of Top Managers.
Organization-wide decisions, setting objectives, strategic planning
Describe the responsibilities of Middle Managers.
Report to top management, oversee first-line managers, allocate resources
Describe the responsibilities of First-Level Managers.
Supervise non-managerial employees, coordinate day-to-day operations
List the three Interpersonal managerial roles.
Figurehead, leader, liaison
List the three Informational managerial roles.
Monitor, disseminator, spokesperson
List the four Decisional managerial roles.
Negotiator, resource allocator, disturbance handler, entrepreneur
Who was Max Weber and what was his idea of Bureaucracy?
Formal authority, clear rules, standardized procedures
Who was Frederick Taylor and what was his idea of Scientific Management?
One right way, time and motion studies, efficiency focus
Who was Henri Fayol and what was his idea of Administrative Science?
Five management functions and organizational principles
Describe the Hawthorne Studies and their significance.
Discovered workers respond to being observed
Who was Mary Parker Follett and what was her management idea?
Advocated power sharing, manager as facilitator, collective responsibility
Explain McGregor's Theory X & Y.
Contrast between assuming employees are lazy (X) vs naturally motivated (Y)
Describe Systems Theory.
Organizations as interconnected parts working together for outputs
Describe Contingency Theory.
No universal approach—best management style depends on situation
Explain Multi-Stream Management.
Contrasts mainstream (profit-focused) with virtue ethics approach
Why are Western management theories called WEIRD limitations?
Western theories often overlook cultural diversity, emphasize individualism
Describe Confucian Philosophy.
Harmony, respect for hierarchy, relationship networks (guanxi)
What is Kaizen?
Japanese continuous improvement philosophy focusing on processes
What is Ubuntu?
African 'a person is a person through others' - reciprocity, collective welfare
What is Gamilaraay?
Indigenous Australian connection to past/present/future, land stewardship, kinship
List the key ethical values.
Integrity, Honesty, Fairness
List the Four Levels of Business Ethics.
Personal, Organizational, National, International
List some common ethical issues.
Resource misuse, abusive behavior, dishonesty
What are the levels of Moral Maturity based on Kohlberg's Theory?
Pre-Conventional (Self-Interest), Conventional (Conformity), Post-Conventional (Principle)
Describe Ethics by Outcome (Consequentialism).
Utilitarianism, Egoism, Altruism
Describe Ethics by Process (Deontology).
Focus on duty, obligation, rights as moral guide; actions have intrinsic moral value regardless of outcome
Describe Ethics by Character (Virtue Ethics).
Focuses on character traits over calculations, emphasizing virtues like justice, honesty, temperance, and prudence.
What are the dimensions of Diversity?
Primary (unchangeable: age, ethnicity) and Secondary (shapeable: education, marital status)
What is Inclusivity?
Organization open to anyone qualified, regardless of diversity attributes
What is the Purpose of the Planning Process?
Establishes goals, provides direction, reduces uncertainty, minimizes waste
What are the benefits of the Planning Process?
Greater effort, persistence, creation of task strategies
What are the drawbacks of the Planning Process?
Can impede change, false sense of certainty, planner detachment
What are SMART goals?
Specific, Measurable, Attainable, Relevant, Time-bound
Define Vision in the context of business planning.
Forward-looking aspirations (future-oriented)
Define Mission in the context of business planning.
Core purpose and present-day objectives
Define Values in the context of business planning.
Guiding principles shaping culture and decisions
What are the types of Plans by breadth?
Strategic (whole organization) vs. Operational (day-to-day)
What are the types of Plans by timeframe?
Long-term vs. Short-term
What are the types of Plans by specificity?
Directional vs. Specific
What are the types of Plans by frequency?
Single use vs. Standing plans (policies and procedures)
Describe Management by Objectives (MBO).
Managers and employees collaboratively set objectives, create plans, and establish measurement standards.
What is Forecasting?
Systematic predictions about future based on data
What is Contingency Planning?
Preparing for potential emergencies by preventing, preparing for, and responding to crises.
What is Scenario Planning?
Long-term contingency planning for multiple futures
What are the three steps of the Control Process?
Establishing standards, comparing performance, taking corrective action
What are the three types of Control?
Feedforward, Concurrent, Feedback
What are the Four perspectives for performance measurement in a Balanced Scorecard?
Financial, Customer, Internal, Innovation & Learning
What is the definition of Leading?
Inspiring people to work hard for high performance
List the five Leadership principles.
Challenge process, show enthusiasm, help others act, set example, celebrate achievements
Name the three types of Position Power.
Reward power, Coercive power, Legitimate power
Name the two types of Personal Power.
Expert power, Referent power
What is Trait Theory in leadership?
Inherent traits of effective leaders: drive, confidence, creativity, business acumen, motivation, flexibility, integrity.
What are the categories of Behavioural Approaches to leadership?
Task-oriented behaviours and People-oriented behaviours
Explain Fiedler's Contingency Theory.
Match leadership style to situation based on leader-member relations, task structure, and position power
Explain Hersey & Blanchard's Situational Theory.
Adapt leadership style (Telling, Selling, Participating, Delegating) to match follower's readiness and ability.
What are the components of Transformational Leadership?
Idealized influence, inspirational motivation, intellectual stimulation, individualized consideration
What is Transactional Leadership?
Task achievement through structure and rewards
What is Servant Leadership?
Service to others, ethical behaviour, community building
What is Authentic Leadership?
Being true to oneself and values
What is the General Environment?
The indirect impact on Tasks
What is the Task Environment?
The direct impact on Tasks
What are the competitors environment?
Same industry, serving same customers
What are the suppliers environment?
Provide raw materials
What are the customers environment?
Acquire organization's goods/services
What is the labor market?
Potential employees
What is Environmental uncertainty?
Lack of complete information about external developments
List the Adaptation strategies dealing with Uncertainty.
Boundary-spanning roles, forecasting, partnerships, mergers
List the Influence strategies dealing with Uncertainty.
Advertising, public relations, political activity, trade associations
What is Corporate Culture?
Shared values, beliefs, understandings and norms
What is Visible culture?
Observable artifacts, behaviors, symbols
What is Invisible culture?
Underlying assumptions, values, beliefs
Name the types of Culture based on environmental needs (stability vs. flexibility) and strategic focus (internal vs. external).
Adaptability Culture, Achievement Culture, Involvement Culture, Consistency Culture
What is an exclusive resources?
Competitive Advantage
What is a strategic management process?
Analysis to revise mission, goals, and strategies at all levels; implement changes in leadership, structure, HR, and controls.
What is VRIO Analysis?
Evaluates resources: Valuable, Rare, Imitable, Organized.
What are Porter's Five Forces?
Analyzes industry: new entrants, supplier power, buyer power, substitutes, rivalry.
Mention the levels to strategize.
Corporate-level strategy, Business-level strategy, Functional-level strategy
Mention two ways a business can strategize.
Cost leadership and Differentiation
Mention two types of Corporate-Level Strategies.
Growth strategies and Retrenchment strategies
Strategy Implementation.
Align structure, leadership, culture, HR, and controls to execute strategy and track progress.
What are Basic Concepts of Organizing?
Arranging tasks, people, and resources to accomplish work
What is Organizational structure?
System of tasks, workflows, reporting relationships, communication channels
What is Authority?
Formal right to make decisions, allocate resources, issue orders
What is Responsibility?
Duty to perform assigned activities
What is Delegation?
Transferring authority/responsibility to lower positions
Describe a Tall Structure.
Narrow span, more hierarchical levels
Describe a Flat Structure.
Wide span, fewer levels, horizontal arrangement
What is Centralization?
Decision authority at single point (usually top)
What is Decentralization?
Decision authority pushed down to lower levels
What is Organization Structures?
Grouped by similar skills and resources
Describe a Functional Structure.
Efficient resources, specialization but can create barriers and narrow focus.
Describe a Divisional Structure.
Grouping by output or geography. Flexible, customer-focused but may duplicate resources and cause coordination problems.
Describe a Team Structure.
Project teams improve coordination but may face conflicts or meeting overload.
Describe a Matrix Structure.
Combines functional and divisional chains: efficient, flexible, but may cause dual reporting conflicts and meetings.
Describe is a Network Matrix.
Coordinated internal/external relationships enable flexibility and global access, but reduce control and raise loyalty issues.