Chapter 6
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Entrepreneurship
Know the difference between task performance and group maintenance behaviors.
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, Task Performance- Actions taken to ensure that the work group or
organization reaches its goals.
Group Maintenance- Actions taken to ensure the satisfaction of group
members, develop and maintain harmonious work relationships, and
preserve social stability.
Know what organizational charts are and be able to describe the two structures (i.e.,
vertical and horizontal).
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Describes a firm's structure.
Vertical- Authority, span of control, delegation, and centralization—shapes
reporting relationships, responsibility, and accountability
Horizontal- As the tasks of organizations become increasingly complex, the
organization inevitably must be subdivided—that is, departmentalized.
Know charismatic leadership, transformational leadership, and transactional
leadership.
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Charismatic- A person who is dominant, self-confident, convinced of the
moral righteousness of his beliefs, and able to arouse a sense of excitement
and adventure in followers.
transformational- A leader who motivates people to transcend their
personal interests for the good of the group.
Transactional- View management as a series of transactions in which they
, use their legitimate, reward, and coercive powers to give commands and
exchange rewards for services rendered.
Know "going public" and IPOs.
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Offering shares of a private corporation to the public in a new stock
issuance for the first time.
Know the differences between entrepreneurial ventures and small businesses.
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Innovate and pursue growth
Know the difference between a centralized and decentralized organization.
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Centralized- Organization in which high-level executives make most
decisions and pass them down to lower levels for implementation.
Decentralized- Organization in which lower-level managers make
important decisions.
Know the difference between a line department and a staff department.
Give this one a try later!
Entrepreneurship
Know the difference between task performance and group maintenance behaviors.
Give this one a try later!
, Task Performance- Actions taken to ensure that the work group or
organization reaches its goals.
Group Maintenance- Actions taken to ensure the satisfaction of group
members, develop and maintain harmonious work relationships, and
preserve social stability.
Know what organizational charts are and be able to describe the two structures (i.e.,
vertical and horizontal).
Give this one a try later!
Describes a firm's structure.
Vertical- Authority, span of control, delegation, and centralization—shapes
reporting relationships, responsibility, and accountability
Horizontal- As the tasks of organizations become increasingly complex, the
organization inevitably must be subdivided—that is, departmentalized.
Know charismatic leadership, transformational leadership, and transactional
leadership.
Give this one a try later!
Charismatic- A person who is dominant, self-confident, convinced of the
moral righteousness of his beliefs, and able to arouse a sense of excitement
and adventure in followers.
transformational- A leader who motivates people to transcend their
personal interests for the good of the group.
Transactional- View management as a series of transactions in which they
, use their legitimate, reward, and coercive powers to give commands and
exchange rewards for services rendered.
Know "going public" and IPOs.
Give this one a try later!
Offering shares of a private corporation to the public in a new stock
issuance for the first time.
Know the differences between entrepreneurial ventures and small businesses.
Give this one a try later!
Innovate and pursue growth
Know the difference between a centralized and decentralized organization.
Give this one a try later!
Centralized- Organization in which high-level executives make most
decisions and pass them down to lower levels for implementation.
Decentralized- Organization in which lower-level managers make
important decisions.
Know the difference between a line department and a staff department.
