MGMT 371 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED GRADED A+
what does VUCA stand for
volatility uncertainty complexity ambiguity
volatility
unstable and unpredictable change
uncertainty
lack of knowledge about significance of change
ambiguity
lack of knowledge about cause and effect
what are the three pillars of management
organizational design, strategic position, and individual leadership
management
the act of working with and through a group of people to accomplish a desired goal or
objective in an efficient and effective manner
leadership
the ability to drive change and innovation through inspiration and motivation
what do leaders do
set direction, align people, and motivate and inspire
what do managers do
plan and budget, organize and staff, control and problem solve
bureaucratic organization structure
, a clear definition of tasks and responsibilities among individuals; coordination through a
strict hierarchy of authority and decision rights..
scientific management
a focus on how jobs, work, and incentive schemes could be designed
what is the strategy of an organization
depends on the nature and the context of the competition and the skills and capabilities
of the management team
understanding the contextual landscape depends on the firms ability to..
recognize threats and opportunities, and lead and organize resources effectively to
compete in the marketplace
managers
plan and budget, organize staff, and control and problem solve
leaders
set direction, align people, motivate and inspire
how do leadership skills differ according to a persons level and responsibilities in
the organization
technical skills are important early in your career, but more strategic abilities are
required as an individual advances. managers prepare financial reports and recruit,
while middle level managers develop the teams
what are the different leadership styles?
introverted/extroverted, vain/humble, quick and impulsive
what is an effective leader
someone who does not use just one specific leadership style
COMPLETE SOLUTIONS VERIFIED GRADED A+
what does VUCA stand for
volatility uncertainty complexity ambiguity
volatility
unstable and unpredictable change
uncertainty
lack of knowledge about significance of change
ambiguity
lack of knowledge about cause and effect
what are the three pillars of management
organizational design, strategic position, and individual leadership
management
the act of working with and through a group of people to accomplish a desired goal or
objective in an efficient and effective manner
leadership
the ability to drive change and innovation through inspiration and motivation
what do leaders do
set direction, align people, and motivate and inspire
what do managers do
plan and budget, organize and staff, control and problem solve
bureaucratic organization structure
, a clear definition of tasks and responsibilities among individuals; coordination through a
strict hierarchy of authority and decision rights..
scientific management
a focus on how jobs, work, and incentive schemes could be designed
what is the strategy of an organization
depends on the nature and the context of the competition and the skills and capabilities
of the management team
understanding the contextual landscape depends on the firms ability to..
recognize threats and opportunities, and lead and organize resources effectively to
compete in the marketplace
managers
plan and budget, organize staff, and control and problem solve
leaders
set direction, align people, motivate and inspire
how do leadership skills differ according to a persons level and responsibilities in
the organization
technical skills are important early in your career, but more strategic abilities are
required as an individual advances. managers prepare financial reports and recruit,
while middle level managers develop the teams
what are the different leadership styles?
introverted/extroverted, vain/humble, quick and impulsive
what is an effective leader
someone who does not use just one specific leadership style
