Business 160 Exam 2

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Flashcards on Business 160 Exam 2, created by cjd36 on 04/13/2014.
cjd36
Flashcards by cjd36, updated more than 1 year ago
cjd36
Created by cjd36 over 12 years ago
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Question Answer
Herzberg's Two Factor Theory There are hygiene (wages, comfy, safe environment):absence=unhappy motivational factors (achievement, recognition, advancement): presence=motivates
Span of Mgmt # of suboordinates who report to 1 manager
basic areas of business for managers (6) Finance, production, HR, Marketing, IT, Administration
Maslow's Hierarchy of Needs (KHS) Physiological (KHS): basic needs, Security:physical and economic harm (KHS), Social: love, companionship, Esteem: respect
Upward Communication (KHS) smith reporting to King reporting higher up
Systematic approach to decision making 1.define the problem 2.develop options 3.Analyze options 4.Selecting the Best option 5.Implementing the Decision 6.Monitoring Consequences/results
3 basic ways to layout a facility fixed position(central location), process(transformation process/groups), product(assembly line)
Adv and Disadv of Specialization A:efficiency,simple training, D:bored employees,poor quality work
Just-in-Time Inventory eliminates waste by using smaller quanities of materials that arrive "just in time"....require less storage
procurement purchasing/buying of materials needed
4 Ways departments are commonly organized? 1.graphically 2.product 3.customer(around customer needs) 4.function(finance,marketing)
Why delegation? builds accountability, relationships, responsibility
sustainability working in a way that helps the long-term well-being of the environment
Staffing function (King?) hiring and firing
mission statement statement of a company's basic philosophy and purpose
Customization when a company creates a product directly for a customer
2 virtues that employees at KHS lack honesty, empathy
Visual display of company's organizational structure (chain of command, staff relationships etc.) organizational chart
Managing functions (5) planning, organizing, staffing, directing (motivating/leading), controlling (evaluating/correcting)
Organizational Structures (4) Line: simplest(top-bottom;direct) Line+Staff:traditional(staff managers) Multidivisional:departments into larger groups Matrix:two or more intersecting lines of authority(project mgmt)
Union Tactics picketing:public protest(marching) strikes:employee walk outs(most effective) boycott lockout:strike of mgmt(employees can't work)
Meyers Briggs E-I S(5 senses)-N F-T J(wrk bf play)-P
Hawthorne Studies beginning of concern for Human relations in work place: social and psychological factors significantly effect productivity and morale
Wage diff of men and women=acceptable when? better qualified, better performance: job related things
Job design strategies for motivation of employees promotion, responsibility, job enlargement,flexible schedule
Team or group create collective work products? team
Most pervasive law in HR title 7 of the Civil Rights Act prohibits discrimination in employment and the EEOC, valid tests
Theory X? Y? Z? X: workers dislike wrk, hands on, forced Y:hands off, trust Z:mgmt philosophy that stresses employee participation in company decision making-teams
Advantages of Recruiting from Within -motivate other employees -already orientated to the company
Compressed work week 4 day period when an employee wrks 40 hrs.
Adv of diverse wrk force? diversified customers, more points of view
motivation inner drive that directs a person to a goal
Management a process to reach a company's objectives by organizing their resources
Organizational Culture a company's philosophy, rules, values, beliefs, traditions, role models for behavior
Specialization dividing the labor into small tasks so employees can specialize in one single task (assembly lines)
departmentalization grouping of jobs into working units
Degree of centralization centralized org:authority at top decentralized org: authority delegated down chain of command
Adv of Teams better pool of talents, require harmony
diagonal communications ex. VP to manager of diff area
Operations Management organization and administration of transforming resources into goods and services
Operations of Service Businessess -Nature and Consumption of output -uniformity of input -uniformity of output -labor required -measurement of productivity
Planning and designing operation systems -planning the product -designing the operations process -planning capacity -planning facilities -considering sustainability
Managing the supply chain -purchasing -managing inventory -outsourcing -routing and scheduling
Human Relations the study of human behavior and groups in organizational settings
Classic theory of Motivation satisfactory pay and job security motivate employees to work
Equity Theory how much ppl are willing to contribute to an org depends on the fairness they feel of the rewards they receive.
expectancy theory motivation depends not only on how much a person wants something, but also on how likely he/she things they are going to get it
Strategies for Motivating Employees job rotation, job enlargement, job enrichment, flexible scheduling
Human Resources Management (HRM) everything in determining an org's needs for HR in hiring, firing, training, compensating
Job Analysis determining important info about a job
job description formal written specifications of a job
job specification description of job qualifications
Laws affecting HRM -(ADA) Americans w/ Disabilities Act -Age Discrimination and Employment Act -Equal Pay Act
Development training that augments the skills and knowledge of staff
Employee Turnover the rate at which employees leave/fired and need to be replaced (food service=high turnover)
transfer move to another job w/in the company at same or similar level/wage rate
separations employment changes due to retiring, layoffs, resignation, termination
Types of Wages -time wages -piece wages -commission
Profit Sharing % of company's profit distributed to employees thru stock
Benefits non-monetary bonuses: -pension plans -insurance -child/elder care -employee assistance programs
collective bargaining negotiation process when the employers and unions agree on fixed wage, hours, work conditions ect.
Affirmative Action legally mandated plans to increase job opportunities for minority groups: analyzes current work force, prohibits companies from setting quotas that might create discrimination
crisis management element in planning that deals w/ potential disasters such as product tampering, natural disasters
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