Study guides, Class notes & Summaries

MGT 103 – Midterm Exam Review Questions and answers, graded A+/ verified. 4 Eras of the Marketing Concept - -Production Era, Sales Era, Relationship Era, Triple Bottom Line 4 I's of Services - -Intangibility, Inconsistency, Inseparability, Inventory (none) Alternative Search - -The consumer evaluates all the products available on a scale of particular attributes. Attributes of the Product - -Size, color, weight, volume, taste, touch, quantity, or material composition. Bases for Seg...

MGT 300 Exam 1 ASU Neck Questions and answers, graded A+/ verified. ________ is a strategy that determines how a business will compete in a particular industry or market - -Divisional Strategy 2 main competing forces at play that influence change (Force Field analysis). Conduct FF to assess need for change and potential obstacles you might need to overcome before change is made. - -Driving forces- provide motivation towards achieving goal Restraining forces- change impede the progress ...

MGT 300 Exam 1 Katie Grayson Exam Review Questions and answers, graded A+/ verified. The Art of Management - -Getting things done through people Characteristics of a good manager - -Efficiency and Effectiveness Management Process - -planning, organizing, leading, controlling Four Levels of Management - -top managers, middle managers, first-line managers, team leaders Functional versus general managers - -Functional Managers are responsible for a singular activity. General Managers are r...

MGT 300 exam 1 Review Questions and answers, graded A+/ verified. d What management theory emphasizes the importance of adapting management practices to fit the unique characteristics of each situation? A. Human Relations Theory B. Scientific Management C. Classical Management D. Contingency Theory E. Behavioral Management a Which is an example of the Hawthorne Effect? A. A group of employees improves their productivity when they learn that a manager is conducting an unannounced pe...

MGT 300 Exam 1 Review Questions and answers, graded A+/ verified. 3 types of managerial roles - -1. Interpersonal 2. Informational 3. Decisional 4 approaches to resolving ethical dilemmas - -1. Utilitarian approach: guided by what will result in the greatest good for the greater number of people 2. Individual approach: guided by what will result in the individuals best long-term interest, which ultimatley is in everyones self-interest 3. Moral rights approach: guided by respect for t...

MGT 300 Exam 1 Study Guide (Williams UA) Questions and answers, rated A+/ verified The Art of Management - -the pursuit of organizational goals efficiently and effectively, integrating the work of people; planning, organizing, leading, and controlling the organization's resources Efficiency - -use resources (people, money, raw materials, and the like) wisely and cost effectively Effectiveness - -to achieve results, to make the right decisions and to successfully carry them out so that t...

MGT 300 Exam 1 –UA Exam Review Questions and answers, graded A+/ verified. 6. ____ is the active oversight by boards of directors of top management decisions in such areas as corporate strategy and financial reporting. a. Value chain analysis b. Productivity c. Outsourcing d. Corporate governance - -d. Corporate governance A business owner makes a decision to reduce a plant's workforce by 10% to cut costs and save jobs for the other 90% of employees. This decision could be justifi...

MGT 300 exam 2 Review Questions and answers, graded A+/ verified. Describe the link between planning, strategy and strategic management. - -Planning (first of the 4 functions of management process) involves setting goals and decided how to achieve them while ensuring the plans are linked to the business strategy. Defintion and purpose of Planning - -Definition: 1. Setting goals and deciding how to achieve them 2. Coping with uncertainty by formulating future courses of action to achiev...

MGT 300 EXAM 2 Review Questions and answers, Graded A+/ verified. administrative model - -An approach to decision making that explains why decision making is inherently uncertain and risky and why managers usually make satisfactory rather than optimum decisions. Based on: bounded rationality, incomplete information, satisficing. ambiguous information - -Information that can be interpreted in multiple and often conflicting ways. authority - -the power to hold people accountable for their a...

MGT 300 Exam 1 (Chapters 1, 2, 3 & 4) Questions and answers, graded A+/ verified. 6 Parts of the Management Process - -1. Input 2. Planning 3. Organizing 4. Leading 5. Controlling 6. Output Controlling - -the process of determining the ways and means of following-up to ensure that actual performance is leading to goal attainment. Output - -Efficient & effective performance, Products and/or services desired by customers Leading - -refers to utilizing influence to motivate employ...