BCOR 370. Principles of Management
BCOR 370 FINAL EXAM LATEST 2025-2026
ACCURATE SPRING-SUMMER WEST VIRGINIA
UNIVERSITY (WVU) PRINCIPLES OF MANAGEMENT
Why is Henry Ford significant in management?
First person to use systematic form of management
Scientific management
the use of scientific method to determine the "one best way" to perform a task
Frederick Taylor
"Father of Scientific Management"; wrote first textbook on management, did time
studies
Frank & Lillian Gilbreth
did motion studies
bureaucracy
an organizational design marked by specialization, division of labor, authority
hierarchies and formal rules/procedures
The person who first observed bureaucracy
Max Weber
Human Resource Approach to Management
focus on human behavior, rather than efficiency
,BCOR 370. Principles of Management
The Hawthorne Effect
money is less a factor in determining output than being paid attention to
Decision making
the process of identifying and selecting a course of action to solve a problem
problem
a situation that occurs when the actual state of affairs differs from the desired state of
affairs
creativity
ability to produce novel and useful ideas
Decision making in reality is bounded by
bounded rationality
satisficing
intuition
goal
the end toward which effort is directed; a desired future state or condition
plan
a blueprint specifying the actions necessary for attaining goals
planning
the act of determining goals and the means for achieving them
effective goals should be...
, BCOR 370. Principles of Management
specific and challenging
mission statement
a broad statement which defines the basic purpose of the person's or organization's
existence
strategy
broad plan of action for pursuing objectives and satisfying a mission
strategic management
process of formulating and implementing the most appropriate strategy
SWOT analysis
identifying strengths, weaknesses, opportunities, and threats in order to develop a
strategy
Corporate level strategies ask this question
what business are we in?
business-level strategies ask this question
how do we compete?
functional-level strategies ask this question
how do we support the business-level strategy?
why we study ethics
virtue and prudence
Characteristics of effective teams
BCOR 370 FINAL EXAM LATEST 2025-2026
ACCURATE SPRING-SUMMER WEST VIRGINIA
UNIVERSITY (WVU) PRINCIPLES OF MANAGEMENT
Why is Henry Ford significant in management?
First person to use systematic form of management
Scientific management
the use of scientific method to determine the "one best way" to perform a task
Frederick Taylor
"Father of Scientific Management"; wrote first textbook on management, did time
studies
Frank & Lillian Gilbreth
did motion studies
bureaucracy
an organizational design marked by specialization, division of labor, authority
hierarchies and formal rules/procedures
The person who first observed bureaucracy
Max Weber
Human Resource Approach to Management
focus on human behavior, rather than efficiency
,BCOR 370. Principles of Management
The Hawthorne Effect
money is less a factor in determining output than being paid attention to
Decision making
the process of identifying and selecting a course of action to solve a problem
problem
a situation that occurs when the actual state of affairs differs from the desired state of
affairs
creativity
ability to produce novel and useful ideas
Decision making in reality is bounded by
bounded rationality
satisficing
intuition
goal
the end toward which effort is directed; a desired future state or condition
plan
a blueprint specifying the actions necessary for attaining goals
planning
the act of determining goals and the means for achieving them
effective goals should be...
, BCOR 370. Principles of Management
specific and challenging
mission statement
a broad statement which defines the basic purpose of the person's or organization's
existence
strategy
broad plan of action for pursuing objectives and satisfying a mission
strategic management
process of formulating and implementing the most appropriate strategy
SWOT analysis
identifying strengths, weaknesses, opportunities, and threats in order to develop a
strategy
Corporate level strategies ask this question
what business are we in?
business-level strategies ask this question
how do we compete?
functional-level strategies ask this question
how do we support the business-level strategy?
why we study ethics
virtue and prudence
Characteristics of effective teams
