GB 370 Final Exam – Ole Miss with Professor Gentry
genteal website - Answershopify
-an run 6-10,000 if hired web designer
-pay monthy fee to obtain
-use somebody in sweden (sa
organization - Answerpurpose is to achieve something--a group of people in a
structured and coordinated fashion to achieve a set of goals
organizational resources - Answerphysical
human
informational
financial
manager - Answersomeone whose primary responsibility is to carry out the
management process--plans, makes decisions, physical, and info resources
10 basic managerial roles--3 categories - Answer-interpersonal
-informational
-decisional
interpersonal manager roles - Answerfigurehead, leader, liaison
informational manger roles - Answermonitor, disseminator, spokesperson
decisional manager roles - Answerentrepreneur, disturbance handler, resource
allocator, negotiator
fundamental management skills - Answertechnical, conceptual, communications, time
management, decision making, diagnostic, interpersonal
the science of management - Answerassumes that problems can be approached by
using rational, logical, objective, and systematic ways
the art of management - Answermaking decisions and solving problems using a blend
of intuition, experience, instinct, and personal insights
sources of management skills - Answer-sound educational base
-initial job experience
-successful acquisition and utilization of basic management skills
Hawthorne studies - Answerwork place lighting effects on productivity example
theory X management example - Answer-management by objectives
, -evidence based management
-market based
-management science
theory Y management example - Answer-empowerment
-Maslow's Needs
-job enrichment
entrepreneurship - Answerthe process of planning, organizing, operating, and
assuming the risk of a business
entrepreneur - Answersomeone who engages in entrepreneurship
small business - Answerprivately owned by one individual or a small group and has
sales and assets that are not large enough to influence its environment
Pursuit of opportunity without regard to resources currently controlled: - Answer- id
the opportunity
- develop the concept
- determine required resources
- acquire necessary resources
- implement and manage
- harvest the venture
business model canvas (example) - Answerinfrastructure-key activities
offering-what value is offered
customers-segments, relationships
finances-costs and revenue
(xerox)
lean startup focus - Answerfocus is experimentation and creating a framework to
change strategy
lean startup part 1 - Answerthe vision: experiment with the idea...the most basic
premise
MVPs, brand name,
ex) netflix
MVP - Answerminimum viable products
lean startup part 2 - Answersteer: do not hypothesize the customer, collect as much
data as possible, experiment
lean startup part 3 - Answeraccelerate: if you are not going fast you are going to get
run over and someone will steal the idea
genteal website - Answershopify
-an run 6-10,000 if hired web designer
-pay monthy fee to obtain
-use somebody in sweden (sa
organization - Answerpurpose is to achieve something--a group of people in a
structured and coordinated fashion to achieve a set of goals
organizational resources - Answerphysical
human
informational
financial
manager - Answersomeone whose primary responsibility is to carry out the
management process--plans, makes decisions, physical, and info resources
10 basic managerial roles--3 categories - Answer-interpersonal
-informational
-decisional
interpersonal manager roles - Answerfigurehead, leader, liaison
informational manger roles - Answermonitor, disseminator, spokesperson
decisional manager roles - Answerentrepreneur, disturbance handler, resource
allocator, negotiator
fundamental management skills - Answertechnical, conceptual, communications, time
management, decision making, diagnostic, interpersonal
the science of management - Answerassumes that problems can be approached by
using rational, logical, objective, and systematic ways
the art of management - Answermaking decisions and solving problems using a blend
of intuition, experience, instinct, and personal insights
sources of management skills - Answer-sound educational base
-initial job experience
-successful acquisition and utilization of basic management skills
Hawthorne studies - Answerwork place lighting effects on productivity example
theory X management example - Answer-management by objectives
, -evidence based management
-market based
-management science
theory Y management example - Answer-empowerment
-Maslow's Needs
-job enrichment
entrepreneurship - Answerthe process of planning, organizing, operating, and
assuming the risk of a business
entrepreneur - Answersomeone who engages in entrepreneurship
small business - Answerprivately owned by one individual or a small group and has
sales and assets that are not large enough to influence its environment
Pursuit of opportunity without regard to resources currently controlled: - Answer- id
the opportunity
- develop the concept
- determine required resources
- acquire necessary resources
- implement and manage
- harvest the venture
business model canvas (example) - Answerinfrastructure-key activities
offering-what value is offered
customers-segments, relationships
finances-costs and revenue
(xerox)
lean startup focus - Answerfocus is experimentation and creating a framework to
change strategy
lean startup part 1 - Answerthe vision: experiment with the idea...the most basic
premise
MVPs, brand name,
ex) netflix
MVP - Answerminimum viable products
lean startup part 2 - Answersteer: do not hypothesize the customer, collect as much
data as possible, experiment
lean startup part 3 - Answeraccelerate: if you are not going fast you are going to get
run over and someone will steal the idea
