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1.

The decisional roles involve using information to make decisions to solve


problems or address opportunities.

2. The upside-down pyramid (p. 17) - ‘fits well with the changing mindset of
managerial work today. Notice that the
operating and front-line workers are at the
top of the upside-down pyramid, just
below the customers and clients they
serve. Th ey are supported in their work
efforts by managers below them. These
managers aren’t just order-givers; they are
there to mobilize and deliver the support
others need to do their jobs best and serve
customer needs.’

3. 4 Functions of Management (p. 18 -21) Planning, Organizing, Leading, Controlling

4. Globalization - Definition: Globalization is the worldwide


interdependence of resource fl ows,
product markets, and business
competition.
- Countries and people are not just
interconnected through the news, in
travel, and lifestyles; they are
interconnected in labor markets and
employment patterns, and in financial and
business dealings.

5. Glass ceiling effect - Definition: The glass ceiling effect is an


invisible barrier limiting career
advancement ofwomen and minorities.
- ‘Prevents women and minorities from
rising above a certain level of
organizational responsibility’

6. Loose culture - ‘In a loose culture, such as ones found in


Australia, Brazil, or Hungary, social norms
are mixed and less clear cut.’

7. Vision - Expresses what a firm hope to become in


future

8. A mission statement, or simply is a public declaration that schools or other


a mission educational organizations use to describe their
founding purpose and major organizational
commitments—i.e., what they do and why they
do it.
9. If you waste too much resources of Efficient
corporation to accomplish goals, your
performance is considered not…
10. Common job titles such as Chief Executive Top managers
Officer, Chief Operating Officer… in typical
business are classified as… ‘Common job titles just below the board level are
chief executive offi cer (CEO), chief operating offi
cer (COO), chief fi nancial offi cer (CFO), chief
information offi cer (CIO), chief diversity offi cer
(CDO), president, and vice president. These top
managers constitute an executive team that
reports to the board and is responsible for the
performance of an organization as a whole or for
one of its larger parts.’
11. The classical approaches … share a common assumption: People at work
rationally consider opportunities made available to
them and do whatever is necessary to achieve the
greatest personal and monetary gain.
12. Administrative Principle identifies five Foresight, Organization, Command, Coordination,
“rules” or “duties”: Control, which are foundations of 4 functions of
management
13. ? A characteristic of Bureaucracy is displayed when
every member has to follow
Clear hierarchy of authority: Authority and
responsibility are well defi ned for
each position, and each position reports to a
higher-level one.
14. Honda conducts commercial transactions International business
of goods across national boundaries is
defined as an…
15.

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