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Management

127 cards·by jocj
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Managers as Teachers
tell, show, watch, encourage
Development
education, assessment and feedback, work experiences, relationships
Good Training
clarify objectives, maximize similarity between training and job, convey general principles, practice and feedback, use questions
Recruiting Tips
use social networks, personal contact, target target target, proofread ads
Top 5 Ways To Recruit
websites, job listing sites, ads, referrals, agencies
People-Centered Practices
job security, rigorous hiring process, employee empowerment, compensations linked to performance, comprehensive training, status differences
Appraisal
evaluating employee performance relative to standards
Job Description
list of duties, responsibilities, and qualifications
Job Specifications
qualifications
Unstructured Interview
no fixed questions, low validity, open to legal attack
Structured Interview
set of standard job related questions
EEOC
investigates charges of discrimination
BFOQ
permits sex, age, religion, etc. to be used when making employment decision
Guidelines For Effective Interviews
identify and define skills and knowledge, create relaxed atmosphere, allow enough time, review notes
Training Objectives
impart information and knowledge, develop analytical skills and problem solving skills, practice learn or change behaviors
Training Methods
films videos and lectures, coaching and group discussions, on job training and role playing
Function Turnover
loss of poor performing employee who chooses to leave company
Dysfunctional Turnover
loss of high performing employees who chooses to leave company
Individual Motivation
initiates, directs, and makes people persist in their efforts to pursue goals
Performance Equation
Performance = Ability X Motivation
Alderfer ERG Theory
existence, relatedness, growth
McClelland Theory
different people motivated by different needs: affiliation, achievement, power
Job Characteristics
skill variety, task identity, task significance, autonomy, feedback
Goals Work Best When...
difficult and specific, committed, confident, feedback provided, task learned well
Latham and Blades Study
dramatic increase in performance after goal was set
Equity Theory
your outcomes/ your inputs = other outcomes/ other inputs
Fairness Theory
distributive (equity theory), procedural (rules are fair), interactive (treated with respect)
Greenberg Study
inadequate- theft rose significantly; adequate- theft rose slightly
Maslow Theory
people motivated by: physiological, safety, belongingness, esteem, self-actualization
Reinforcement Theory
behavior followed by a positive consequence = repeated more; behavior followed by negative consequence = repeated less
Expectancy Theory
people motivated to extent to which they believe their efforts will be rewarded
Leadership
inspiring, influencing, guiding others in common effort
Management
planning, organizing, controlling, allocating resources in common effort
Leadership Theory
trait theory, behavioral styles theory, situation theory, transformational theory
Leadership Traits
drive, desire to lead, integrity, self-confidence, emotional stability, cognitive abilities, knowledge, height?
WWII Behavioral Styles
initiating structure, consideration
Situational Theory Logic
no leader is best in all situation, leaders should adapt or be matched to situation
Transformational Leadership
idealized influence, inspirational motivation, intellectual stimulation, individual consideration
Berling Study
can it be learned? YES does it matter? YES
Prevalence of Emails
25% daily task is email, 145 billion emails daily, 44 emails per day, Crawford 53 emails per day
NonVerbal Behaviors
body language, facial expressions
Email Tips
clear and concise, use subject line, rarely use attachments, never assume privacy, inform about replying
Outcomes of Influence
resistance, compliance, acceptance
Perception Process
stimulus --> attention --> organization --> interpretation --> retention -- > perception
Perception Problems
selective perception
Communication Process
sender --> encode message --> transmit message --> receive message --> decode message --> receiver --> feedback to sender
Active Listening
giving speaker nonjudgemental feedback that shows you heard what they said
Scientific Approach
need breaks, eliminate unnecessary steps, need to be trained
Administrative Approach
people in charge should be ones with most knowledge not born into family
Human Relations Approach
care for employees, exercise power with others, think about organization as a whole
Systems Approach
companies made up of 2 or more components that have to operate independently to achieve common purpose
Competing Values
Flexibility, External, Stability, Internal
4 Principles of Scientific Management
develop science for mans work, select and train, cooperate with men, equal division of work
Weber 7 Elements
qualify based hiring, merit based promo, chain of command, division of labor, application of rules, record in writing, managers separate own
Top Managers
think 3-5 years in advance, make tougher decisions
Middle Managers
put top managers orders into work, think 6-18 months in advance, oversee dozens of employees
First-Line Managers
think between 2-3 weeks, don't over see many employees
Four Functions
planning, organizing, leading, controlling
Planning
setting goals and deciding action, developing rules and procedures, developing budgets and plans
Organizing
identifying jobs to be done, hiring, delegating
Leading
influencing people to get job done, maintaining morale, managing conflict and communication
Controlling
set standards and monitor performance, take action if standards aren't met
Managerial Skills
conceptual, human, technical
Conceptual
ability to think into the future
Human
ability to work well with others
Technical
skills on knowing how to get job done
Sources of Learning
reading, reflecting, relationships, real experience
Top 3 Mistakes Managers Make
insensitive, cold/ arrogant, betray trust
Goal Setting (tips and mistakes)
tip: SMART goals mistake: setting vague goals, failing to follow through
Self-Assessment (tips and mistakes)
tips: ask questions mistake: not having standards, ignoring parts of identity
Self-Control (tips and mistakes)
tip: produces desired result mistake: negative emotions or habits
Evaluating and Rewarding Progress (tips and mistakes)
tip: reward yourself accordingly to what you've accomplished mistake: rewarding too early, too late or too much
Time Management Tips
delete, delegate, diminish, delay
Team Productivity Equation
actual productivity = potential productivity + process gains - process losses
Process Losses
group maintenance, social loafing, production blocking
Process Gains
information exchange, load balance, social facilitation
How to Create Norms
formal written agreements, managers repeated actions, responses to critical events
Social Roles
create group cohesion
Task Roles
complete tasks, solve problems, achieve goals
Cohesiveness
if you like your team you are more willing to stay in it
How to Build Cohesiveness
all members present at meetings, arrange additional time to work together, do something non-work together
Maximize Diversity
get to know one another background, assume best intentions
Ethics
defines what is right and wrong
Ethical Behavior
behavior that conforms to a society's accepted principles of right and wrong
Ethical Intensity
magnitude of consequences, probability of effect, proximity of effect, social consensus, temporal immediacy, concentration of effect
Moral Development Stages
avoid punishment, maintain exchange relationships, earn approval of others, follow rule and law, protect ind rights, follow universal princ
Ethical Decision Making
identify problem, identify constituents, diagnose situation, analyze options, make your choice, act
Shareholder View
maximize profits
Stakeholder View
responsibility is firms long-term survival
CSR and Economic Performance
make profits, stay within rules of the game, don't violate whats right and wrong, give back to community
Environmental Scanning
keep company current, reduces uncertainty, alters organization strategy, contributes to organization performance, avoid confirmation bias
General Environment
economy, technology, sociocultural, political/legal
Specific Environment
customers, competitors, suppliers, laws/regulations, advocacy groups
Internationalization Process
exporting, cooperative contracts, strategic alliances, wholly owned affiliates
High Context Cultures
nonverbal and situational messages convey meanings, relationships are more important
Low Context Cultures
words convey primary meaning, terms of deal are more important than relationships
Long-Term VS. Short- Term Orientation
long= focuses on future short= focus on present or past
Uncertainty Avoidance
people in culture are uncomfortable with unstructured, ambiguous situations
Masculinity VS Femininity
mas= assertive and competitive fem= relationship building, caring for others
Individualism VS Collectivism
ind= stand on own two feet collect= work together in group
Power Distance (high vs low)
high= told what to do low= no one is above anyone else
Characteristics of Attractive Foreign Business Climate
growing markets, choosing location, minimizing political risk
Proprietorship/ Partnership
pro= 1 person partner= 2 or more people... taxed individually and personally liable
Corporation
contracts and individuals can't be sued, taxes separate, individuals not liable
S-Corporation and LLC
only taxed once, can't go after individual assets
Getting Funding
investment, debt
Steps In Decision Making
define the problem, identify decision criteria, weigh criteria, generate alternatives, evaluate alternatives, compute optimal decision
Portfolio
minimizes risk by diversifying investment among various business product lines
BCG
question marks, stars, dogs, cash cows
Concurrent Control
adjusting ongoing activities
Feedforward Control
anticipating and preventing problems
Feedback Control
learning from past mistakes
Budgets
most widely used control device
Balanced Scorecard
encourages managers to look beyond traditional financial measures
Compression Innovation
traditional planning and control processes, predictable process
Experimental Innovation
deliberate creation of creative work environments, high uncertainty
What To Do When Employees Resist
empathize, communicate, educate, offer security, explain
Departmentalization Structures
functional, product, customer, geographic
Functional
benefit= efficient, communication is easy drawback= departments separated, slow decisionmaking
Product
benefit= product expertise, decision made quicker drawback= need more people, cost more
Customer
benefit= each customer is different drawback= redundant
Geographic
benefit= needs in countries differ drawbacks= redundant
Organic Design
broad about who you report to, decentralized authority, high generalization
Mechanistic Design
very clear, centralized authority, low delegation, high specialization
Line Authority
right to command immediate subordinates in the chain of command
Staff Authority
right to advise but not command other who are not subordinates
Delegation
manager transfers responsibility, manager gives subordinate full responsibility, transfer of accountability