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Essential Management Concepts: Functions, Challenges, Skills & Ethical Considerations

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Sociology - Management

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georgepetenjk Created by 10 mon ago

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Cards in this deck(49)
Which term best describes the process involving activities, resources, and tasks?
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What are the four managerial challenges that involve change, resources, and strategic thinking?
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What are the four primary functions of management?
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What are the three types of managerial roles identified by Mintzberg?
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What type of skills involve specialized knowledge and the ability to apply it effectively?
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Which skills are characterized by sensitivity, persuasiveness, and empathy?
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What skills involve logical reasoning, judgment, and analytical ability?
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What term describes the study of morality and standards of business conduct?
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What is the term for a choice between two competing but arguably valid options?
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What concept involves decisions judged to be wrong ethically or legally and can hurt a company's reputation and stock price?
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What are the four basic approaches to ethics?
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Who are insiders that report illegal or unethical behavior?
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What is a formal statement outlining acceptable and unacceptable behavior in an organization?
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What is the FCPA and how does it relate to fostering ethical behavior in international business?
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What are the factors of moral intensity that influence ethical decision-making?
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What is globalization in the context of business?
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What term describes a country's rules, policies, and enforcement processes?
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How would you describe a developed country in terms of its economic and political stability?
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What term is used to describe a country with a rapidly growing economy?
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How would you describe a developing country in terms of its economic and political characteristics?
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What is culture in the context of a group or society?
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What are the four dimensions of culture according to Hofstede?
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What are the different international market entry strategies, and which is the most risky?
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What is a global focus in terms of business strategy, and what are its advantages and disadvantages?
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What is a region-country focus in business strategy, and what are its pros and cons?
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What is a transnational focus in business strategy, and what are its benefits?
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What is strategic management and what does it involve?
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What is a competitive advantage in business?
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What does it mean for a firm to provide superior value?
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What does rarity mean in the context of competitive advantage?
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What does it mean for a competitive advantage to be difficult to imitate?
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What is non-substitutability in the context of competitive advantage?
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What is the strategic management process?
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What is a strategic vision in business?
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What are mission statements and how do they differ from vision statements?
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What are Porter's 5 Forces in competitive analysis?
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What is a SWOT analysis in strategic planning?
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What are strategic plans and what do they focus on?
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What are tactical plans and how do they relate to strategic plans?
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What are operational plans and how do they differ from tactical plans?
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What questions are addressed at the corporate level of strategy?
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What questions are addressed at the business level of strategy?
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What questions are addressed at the functional level of strategy?
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What is a Gantt Chart and what does it represent?
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What is the difference between a capital budget and an expense budget?
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What is the difference between a proposed budget and an approved budget?
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What is the difference between zero-based budgeting and incremental budgeting?
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What is benchmarking in the context of business performance?
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What is forecasting and how is it used in business?
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