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MANA 3001 EXAM 1 QUESTIONS WITH ANSWERS 100% SOLVED

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MANA 3001 EXAM 1 QUESTIONS WITH ANSWERS 100% SOLVED ...

Institution
MANA 3001
Course
MANA 3001

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MANA 3001 EXAM 1 QUESTIONS WITH ANSWERS
100% SOLVED


organizational behavior - ANSWER the study of human behavior in organizational
settings, the interface between human behavior and the organization, and the
organization itself



planning, organizing, leading, controlling - ANSWER basic managerial functions



planning - ANSWER the process of determining an organization's desired future position
and the best means of getting there



organizing - ANSWER the process of designing jobs, grouping jobs into units, and
establishing patterns of authority between jobs and units



leading - ANSWER the process of getting the organization's members to work together
toward the organization's goals



controlling - ANSWER the process of monitoring and correcting the actions of the
organization and its members to keep them directed toward their goals



technical skills - ANSWER the skills necessary to accomplish specific tasks within the
organization



technical, interpersonal, conceptual, and diagnostic - ANSWER most successful
managers have a strong combination of what skills?



interpersonal skills - ANSWER the ability to effectively communicate with, understand,
and motivate individuals and groups

, conceptual skills - ANSWER the ability to think in the abstract



diagnostic skills - ANSWER the ability to understand cause-and-effect relationships and
to recognize the optimal solutions to problems



human resource management (HRM) - ANSWER the set of organizational activities
directed at attracting, developing, and maintaining an effective workforce



competitive advantage - ANSWER anything that gives a firm an edge over rivals in
attracting customers and defending itself against competition



cost leadership, differentiation, specialization - ANSWER primary business strategies



cost leadership strategy - ANSWER striving to be the lowest-cost producer for a
particular level of product quality



operational excellence - ANSWER maximizing the efficiency of the manufacturing or
product development process to minimize costs



differentiation strategy - ANSWER developing a product or service that has unique
characteristics valued by customers



product innovation - ANSWER developing new products or services



specialization strategy - ANSWER focusing on a narrow market segment or niche and
pursuing either a differentiation or cost leadership strategy within that market segment



customer intimacy - ANSWER delivering unique and customizable products or services
to meet customers' needs and increase customer loyalty

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Institution
MANA 3001
Course
MANA 3001

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