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BASICS MGMT FUNCTIONS COMPETITIVE ADVANTAGE MGMT LEVELS & SKILLS MGMT
Eleanor M. Savko BASICS MGMT FUNCTIONS COMPETITIVE ADVANTAGE 10/30/2019 MGMT LEVELS & SKILLS MGMT HISTORY 10 pt 10 pt 10 pt 10 pt 10 pt 20 pt 20 pt 20 pt 20 pt 20 pt 30 pt 30 pt 30 pt 30 pt 30 pt 40 pt 40 pt 40 pt 40 pt 40 pt 50 pt 50 pt 50 pt 50 pt 50 pt
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Term implying that the world has gotten smaller
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What is globalization?
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Discovering and harnessing an organization’s intellectual resources
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What is knowledge management?
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Business term for “working together”
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What is collaboration
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“Doing things right” vs. “doing the right things”
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What are efficiency and effectiveness?
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The excellence of your product
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What is quality?
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The process of working with people and resources to accomplish organizational goals
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What is management?
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Planning, Organizing, Leading, Controlling
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What are the 4 functions of management?
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Monetary equivalent of what you get from a product or service
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What is value?
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Function that describes efforts to stimulate high performance from the workers
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What is leading?
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Four functions of management
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What are planning, organizing, leading, and controlling?
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The introduction of new goods and services
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What is innovation?
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Giving customers what they want or need when they want it or need it.
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What is a service?
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Wal-Mart’s primary competitive advantage
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What is cost competitiveness?
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The effort to minimize the use of resources
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What is sustainability?
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6 success drivers of performance
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What are cost competitiveness, quality, speed, innovation, service, and sustainability?
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Managers located in the middle layer of the organization reporting to top executives
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What are middle-level managers?
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Supervisors, plant managers, foremen
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What are examples of front-line managers?
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3 levels of management
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What are top-level, middle-level, and frontline?
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Technical, conceptual & decision, and interpersonal & communications
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What are 3 types of management skills?
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Another name for EQ
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What is Emotional Intelligence?
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The father of scientific management searching for “one best way”
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Who was Frederick W. Taylor?
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Input – process - output
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What is systems theory?
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He invented bureaucracy
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Who is Max Weber?
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Why people perform better when they are being watched
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What is the Hawthorne Effect?
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Reduction in the average cost of a unit of production when total volume produced increases
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What is “economies of scale”?
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