MBA 704 EXAM 1 HIGH-YIELD
ORGANIZATIONAL STRATEGY, FINANCE, AND
DECISION-MAKING SUMMARY 2026
◉ Paradigm Shift.
Answer: Recognize and understand importance of human resources
Catalyst for change in understanding and management of human
resources
◉ Management Dimensions (Skills).
Answer: Technical
Conceptual
Human
◉ Technical.
Answer: Functional expertise
◉ Conceptual.
Answer: Being able to see the big picture and how different parts of
an organization work together
◉ Human.
, Answer: People skills
◉ Traditional Human Relations Approach.
Answer: Theory X
Assumption that employees are lazy and only interested in money
◉ Organizational Behavior Approach.
Answer: Human behavior more complicated than just providing
good pay, proper working conditions, and job security
Employees are complex and need more researching before
managing
◉ Status of OB to Reach World Management.
Answer: 1/8 Situation
Knowing-Doing Gap
◉ 1/8 Situation.
Answer: Only 1/8 of organizations buy into importance and value of
human resources
◉ Knowing-Doing Gap.
ORGANIZATIONAL STRATEGY, FINANCE, AND
DECISION-MAKING SUMMARY 2026
◉ Paradigm Shift.
Answer: Recognize and understand importance of human resources
Catalyst for change in understanding and management of human
resources
◉ Management Dimensions (Skills).
Answer: Technical
Conceptual
Human
◉ Technical.
Answer: Functional expertise
◉ Conceptual.
Answer: Being able to see the big picture and how different parts of
an organization work together
◉ Human.
, Answer: People skills
◉ Traditional Human Relations Approach.
Answer: Theory X
Assumption that employees are lazy and only interested in money
◉ Organizational Behavior Approach.
Answer: Human behavior more complicated than just providing
good pay, proper working conditions, and job security
Employees are complex and need more researching before
managing
◉ Status of OB to Reach World Management.
Answer: 1/8 Situation
Knowing-Doing Gap
◉ 1/8 Situation.
Answer: Only 1/8 of organizations buy into importance and value of
human resources
◉ Knowing-Doing Gap.
