MNGT 3100 Joe Fetsch Exam 1 UPDATED ACTUAL Questions And Correct
Answers
C
Terms in this set (79)
What are managers? he means by which you
work to get things done ... in organizations
How to utilize resources effectively and efficiently
How to direct employees and coordinate with others
How to achieve desired result
top/senior managers Develop the organization's strategy
Stewards for the organization's vision & mission
functional managers Responsible for the efficiency and effectiveness of a specific
function (such as accounting or marketing)
supervisory/team managers Coordinate a subgroup of a unit, or a team from multiple
parts of the organization
line/product/service managers Directly make products or provide services
staff managers Creates indirect inputs (often administrative roles)
project managers Plan and execute specific projects (time-limited)
general managers Lead clearly identifiable revenue-producing units
, leadership involves
actions taken to mobilize
others to want to work
toward a common goal
When, where and how to
use formal sources of
authority and power, such
as position or ownership
entrepreneurship is the
recognition of
opportunities and the
implementation of
innovative ideas
Entrepreneurs are leaders
who convert new ideas into
action
strategy s the way an
organization will seek to
achieve its objectives
strategic management answers questions
surrounding how firms
differ, and how those
differences impact
performance
psychology is the study
of how individuals act and
behave, individually and
in groups, in different
situations
Management draws from
applied psychology--how
individuals interact in
workplace settings
POLC framework planning, organizing, leading, controlling
planning Setting objectives that support the company's goals
Determining course of action for achieving objectives
organizing Developing an organizational structure and allocating human
resources, including designing individual jobs
leading Inspiring others to take action and complete tasks
Utilizes social and informal sources of influence
controlling Creating processes and procedures that ensure consistent
behavior
Answers
C
Terms in this set (79)
What are managers? he means by which you
work to get things done ... in organizations
How to utilize resources effectively and efficiently
How to direct employees and coordinate with others
How to achieve desired result
top/senior managers Develop the organization's strategy
Stewards for the organization's vision & mission
functional managers Responsible for the efficiency and effectiveness of a specific
function (such as accounting or marketing)
supervisory/team managers Coordinate a subgroup of a unit, or a team from multiple
parts of the organization
line/product/service managers Directly make products or provide services
staff managers Creates indirect inputs (often administrative roles)
project managers Plan and execute specific projects (time-limited)
general managers Lead clearly identifiable revenue-producing units
, leadership involves
actions taken to mobilize
others to want to work
toward a common goal
When, where and how to
use formal sources of
authority and power, such
as position or ownership
entrepreneurship is the
recognition of
opportunities and the
implementation of
innovative ideas
Entrepreneurs are leaders
who convert new ideas into
action
strategy s the way an
organization will seek to
achieve its objectives
strategic management answers questions
surrounding how firms
differ, and how those
differences impact
performance
psychology is the study
of how individuals act and
behave, individually and
in groups, in different
situations
Management draws from
applied psychology--how
individuals interact in
workplace settings
POLC framework planning, organizing, leading, controlling
planning Setting objectives that support the company's goals
Determining course of action for achieving objectives
organizing Developing an organizational structure and allocating human
resources, including designing individual jobs
leading Inspiring others to take action and complete tasks
Utilizes social and informal sources of influence
controlling Creating processes and procedures that ensure consistent
behavior
