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MNGT 3100 EXAM 2 AUBURN UNIVERSITY LEISEL WESSON QUESTIONS AND CORRECT ANSWERS

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MNGT 3100 EXAM 2 AUBURN UNIVERSITY LEISEL WESSON QUESTIONS AND CORRECT ANSWERS

Institution
MNGT 3100
Course
MNGT 3100

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Kind of goals by level


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Mission statement
Strategic goals
Tactical goals
Operational goals




Increasing Employee Involvement


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, -increased employee participation can increase both quality and
productivity.
-Cross-training of employees allows firms to function with fewer workers.
-Rewards are essential to success in improving productivity.




Operational goals


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are set by and for lower-level managers to address issues associated with
tactical goals.




Satisficing


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the tendency to search for alternatives only until one is found that meets
some minimum standard of sufficiency to resolve the problem.




Common organizational strengths


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are organizational capabilities possessed by numerous competing firms




Escalation of Commitment

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Staying with a decision even when it appears to be wrong.




Evaluating an Organization's Opportunities and Threats


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Organizational opportunities
Organizational threats




Automation


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The process of designing work so that it can be completely or almost
completely performed by machines




Porter's Generic Strategies


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Differentiation strategy
Overall cost leadership strategy
focus strategy

, Executive CommitteeIs composed of top executives


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.Meets regularly with the CEO to review strategic plans.




Importance of Excellence in Operations


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is necessary for competitiveness and overall organization performance.
Creates value and utility through the production of products and services.




Strategic goals


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are goals set by and for top management of the organization that address
broad, general issues.




Related Diversification


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Institution
MNGT 3100
Course
MNGT 3100

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