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Exam (elaborations)

MGMT 363 EXAM 1 TERMS (ALL) CORRECT!!

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MGMT 363 EXAM 1 TERMS (ALL) CORRECT!!

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MGMT 363 EXAM 1 TERMS (ALL) CORRECT!!




organizational behavior Answer - study of improving attitudes and behaviors in
organizations by groups and individuals


Human Resource Management Answer - focus to see how OB principles and
theories work within organizations


Strategic Management Answer - focuses on the industry characteristics and
product choices that have affect on its profitability


Resourced Based View Answer - say that rare resources allow an organization
to maintain long term profitability


Inimitable Answer - a resource that cannot be imitated by rival firms thus more
valuable


History Answer - experience and knowledge that as a collective pool that
benefits of an organization


Numerous small decisions Answer - people making small decisions daily that
competitor's cannot see because within organization


Socially complex resources Answer - resources that include culture, teamwork,
trust, reputation that create a competitive advantage, hard to replicate

, Rule of one eighth Answer - thought that only 12% of a firm will do what is
best to build profits by putting people first


Method of Experience Answer - knowledge of something because it is
consistent with a person's observations/experiences


Method of Intuition Answer - knowledge based upon it being obvious or
evident to someone


Method of Authority Answer - knowledge of something based upon a
reputable official or source has said it is correct


Method of Science Answer - knowledge of something based upon results
being replicated using scientific studies


Theory Answer - how and why variables are related and the conditions to
which they are related


Hypotheses Answer - predictions that are written that deal with and specify
various relationships between variables


Correlation Answer - statistical relationship between two variables, either
positive or negative between 0 and 1


Casual Inferences Answer - the idea that one variable causes another variable
to occur, based upon co-variation, and elimination of other alternative

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