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Perdue School of Business FINAL EXAM l Chapters: 1, 5, 7, 11, 12, 13, 16 l 75 Matching Questions l No more than 6 questions in a group l All answers used once
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Chapter 1 The Four Functions of Mgmt Planning Select goals & ways to attain them Organizing Assign responsibility for tasks Leading Use influence to motivate Controlling Monitor activities & make corrections
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Classical Perspective l Includes: »Scientific Mgmt »Administrative Mgmt »Bureaucratic Mgmt
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Humanistic Perspective l Includes: »Human Relations Approach –Enlightened treatment of workers »Human Resources Appr. –Power sharing between managers and employees (e.g., Theory Y) »Behavioral Science Appr. –Exemplified by Hawthorne Studies
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Recent Historical Trends l Globalization »Japanese Management Practices –Teamwork –Empowerment –Training –Long-Term Orientation l Total Quality Management »More than Manufacturing »Led to the Learning Organization
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Chapter 5 Mgmt. Levels and Planning l Top Management »“Strategic” Goals/Plans »Whole Organization »Plan for Several years l Middle Management »“Tactical” Goals/Plans »Major Units of the Org. »Plan for up to Two years l Lower Management »“Operational” Goals/Plans »Departments, Individuals »Plan mostly for under One year
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SWOT Analysis l Internal Environment: »Strengths »Weaknesses l External Environment »Opportunities »Threats
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Business-Level Strategies Low-CostDifferentiation Focused Low-CostFocusedDifferentiation Strateg y Many Fe w Low Cost Differentiation Number of market segments
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Chapter 7 Vertical Organization Concepts l Work Specialization l Chain of Command l Authority, Responsibility, Delegation l Centralization/Decentralization l Span of Management
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Departmentalization Types l Internal Operations Oriented »Functional »Network (Virtual) l Output Oriented »Divisional –Product –Geographic –Customer / Market »Team (Cluster) l Combo »Matrix »Hybrid
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Chapter 11 Characteristics of Individuals’ l “ Characteristics of Individuals’ –Attitudes (& Change) –Personality (& Theories) –Perception (& Distortions) –Learning (& Types) –Cognitive Styles (& Types) –Stress (& Sources, Coping)
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Chapter 12 Bases of Social Power l Coercive l Reward l Expert l Referent l Legitimate
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Types of Leadership Theories Types of Leadership Theories l Universal »Traits (I) »Behaviors (II) (Ohio, Mich, Lead. Grid) l Contingency »Traits (III) (Fiedler) »Behaviors (IV) (Hersey & Blanchard, Path-Goal)
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CHAPTER 13 l Motivation Theories »Content »Process »Reinforcement l Job Design
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CONTENT THEORIES l Hierarchy of Needs Theory »Maslow »Alderfer l Two-Factor Theory »Herzberg l Acquired Needs Theory »McClelland
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PROCESS THEORIES l Equity Theory l Expectancy Theory
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MAJOR ELEMENTS OF REINFORCEMENT THEORY l Stimulus »Supervisor requests faster work l Response »Employee increases or decreases speed or does nothing l Consequence »Positive Reinforcement, Negative Reinf. (Avoidance), Extinction, Punishment
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BEHAVIORAL CONSEQUENCES l Positive Reinforcement »Receive desirable outcome (Money) l Negative Reinforcement (Avoidance) »Avoid undesirable outcome (Prevent reprimand) l Extinction »Lack of reinforcement (Behavior ignored) l Punishment »Undesirable outcome occurs (Get fired )
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Job Characteristics Model
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Chapter 16 - Control l Steps in the Control Process l Organizational Control Focus l Bureaucratic vs. Decentralized Control l Total Quality Management
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Steps in the Control Process EstablishStrategicGoals 1. Establish standards of performance 2. Measure actualperformance 3. Compare performance to standards 4. Take correctiveaction 4. Do nothing or provide reinforcement If Adequate If Inadequate Feedback Adjust performance Feedback
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Inputs (Feedforward) Production (Concurrent) Outputs (Feedback) Organizational Control Focus
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Total Quality Management Techniques l Quality circle l Empowerment l Benchmarking l Outsourcing l Reduced cycle time l Continuous improvement
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