Questions and Answers of Fundamentals Of Management

Copy your worksheet from Question 6 into another worksheet. Change the increase from 10% to 18%. Protect the worksheet, so that changes cannot be made. Question 6 Open a new spreadsheet. Type
Define the following:a. Assetb. Liabilityc. Net asset
Explain several implications of IFRS on financial reporting by health care organizations.
You could say the beginning of the end for Uber founder and CEO Travis Kalanick was the February 2017 blog post by former Uber engineer Susan Fowler that outlined a toxic work culture hostile to
Feedback control is after the fact. Illustrate why its use may be perceived as a disadvantage for any organization.
Tesla. Elon Musk. You’ve probably heard of both. Tesla was founded in 2003 by a group of engineers who wanted to prove that buyers didn’t need to compromise looks and performance to drive
“Roles define the manager.” Do you agree or disagree with this statement? Discuss what you think managers do.
Are there any differences between the managerial functions in a for-profit organization and a not-for-profit organization?Explain.
Consider your local greengrocer. Discuss how managers of such small businesses can adopt Mintzberg’s ten managerial roles to run their business.
Business is changing over time and requires management methods to evolve. What are the factors that contribute to management changes?
In what ways can managers at each of the four levels of management contribute to efficiency and effectiveness?
Walmart, the world’s largest retailer, is a mega business with more than 11,700 retail units in 28 countries and approximately 2.3 million associates around the world. That’s a lot of employees
Spotify, a Swedish commercial music service, is widely credited with dramatically changing the way consumers access and use music on a day-to-day basis. It has succeeded in moving consumers away from
You used to be able to tell who the bad guys were. But in our increasingly digital online world, those days are long gone. Now, the bad guys are faceless and anonymous. And they can and do inflict
Provide an eight-step illustration of any decision-making process undertaken by you.
As decision making is personalized, do you think bias often plays an important role for a CEO or a first-line manager? Explain the potential daily bias that managers may encounter.
What is intuitive decision making? In your opinion, when is this method best used? What are the major drawbacks of this managerial decision-making style?
Herbert A. Simon started work on bounded rationality and satisficing because of his hypothesis that people had a limited ability to grasp the present and anticipate the future. Discuss the problems
Describe a decision you’ve made that closely aligns with the assumptions of perfect rationality. Compare this decision with the process you used to select your college. Did you depart from the
Why do companies invest in nurturing group decision making rather than individual decision making? Explain the advantages and disadvantages of both techniques.
It’s the world’s largest package delivery company with the instantly recognizable trucks.61 Every day, United Parcel Service(UPS) transports more than 20 million packages and documents throughout
In most football teams, the minutes before the match are spent in the locker room, where the coach provides lastminute tips and delivers a motivational speech to the players.However, Manchester City
Once considered the “sport of kings,” horse racing today has evolved in to a multi-billion-dollar entertainment industry. Owners, jockeys, trainers, and horses travel the globe in search of a
Discuss how society’s expectations are influencing managers and organizations.
1: You’re starting to see them everywhere... charging stations for electric vehicles (EVs). That’s a sure sign that the global auto industry is going through a massive change. You shouldn’t be
2: Each year, 10 to 16 percent of global harvests is lost to plant pests, a loss that is estimated at around €175 billion, according to the latest report by the Food and Agriculture
In March 2018, Hiroya Kawasaki, the CEO of Kobe Steel, resigned over a big scandal. One of the largest steelmakers in Japan and a major supplier of metal parts to corporate giants like Mitsubishi,
Why do managers need an understanding of what happens outside their organizations? Give examples of how changes in the external environment can affect their job.
How has the changed economy affected what managers do? Find two or three examples in current business periodicals of activities and practices that organizations are using. Discuss them in light of
Businesses operate in the external environment. Discuss whether managers experience environmental stability in their business operations. In this context, provide local examples of environmental
Discuss why organizational culture plays a major role in business operations and employee behaviors. Explain its impact on CEOs, managers, and employees.
What steps can encourage organizational culture to evolve over time?
Pick one of the five current issues in organizational culture and tell in which dimension(s) of organizational culture you think it would most likely be found. Explain your thinking. Also, explain
How do you successfully manage a growing international company? CEO Christian Chabot of Seattlebased Tableau believes that being there physically is an important piece in the often-complex puzzle of
Social media is altering the way employee salaries are negotiated and changed. It used to be that how much you were paid at your job was something you never talked about, especially with others
Every manager deals with change. Provide an example to illustrate this point. In this context, how do middle managers plan organizational development?
What can influence innovation in organizations?
In one of the worst business ethics scandals in history, the world learned in 2015 that Volkswagen (VW) intentionally circumvented government exhaust emission tests for years by installing so-called
It all started with a simple plan to make a superior T-shirt.As special teams captain during the mid-1990s for the University of Maryland football team, Kevin Plank hated having to repeatedly change
I t was Swiss hotelier César Ritz, founder of the Parisian Hôtel Ritz back in 1898, who coined the familiar phrase “the customer is always right.” For the modern hospitality manager who must
Why are formal plans generated?
How would SWOT analysis strengthen the strategic management process externally and internally?
“Organizations that fail to plan are planning to fail.” Agree or disagree? Explain your position.
Managers can’t empower all employees. How can MBO help in this circumstance?
What types of planning do you do in your personal life?Describe these plans in terms of being(a) Strategic or operational,(b) Short term or long term,(c) Specific or directional, and(d) Single-use or
The clothing retailer Primark, which offers a value range of products, competes directly with designer labels such as Burberry and Alexander McQueen.Primark began as Penneys in Dublin, the Republic
With nearly 500,000 employees and annual revenues exceeding £55 billion in 2017,63 Tesco is one of the largest British multinational grocery retailers. The company has over 3,400 stores in many
Who hasn’t heard of the Swedish furniture giant, IKEA? Established in 1943 by 17-year-old carpenter Ingvar Kamprad, who sold furniture via mail catalog, the company has grown to become one of the
Discuss the six key concepts defining organization design.
What are the concepts of traditional and contemporary organizational design? Will these designs be influenced differently by management and the environment?
Compared to the strengths and weaknesses of a functional structure, what are the strengths and weaknesses of a simple structure?
Contrast the design of a boundaryless organization and a structureless organization. Explain the points of contrast with examples.
1: 2017 was a public relations nightmare for United Airlines.Several incidents involving United Air employees enforcing a variety of rules, regulations, and protocols in interactions with customers
Over the years, NASA (National Aeronautics and Space Administration) has provided us with some spectacular moments—from Neil Armstrong’s first steps on the moon to the Hubble Telescope’s
Admit it. Sometimes the projects you’re working on (school, work, or both) can get pretty boring and monotonous.Wouldn’t it be great to have a magic button you could push to get someone else to
Are selection devices biased? Explain why or why not. Identify the pros and cons of such devices.
What strategies can companies apply to retain competent employees?
After decades of affirmative action, diversity training, and inclusion practices, you’d think that bias (racial, gender, age, you-name it) wouldn’t be an issue. But almost everyone has observed
Protiviti is a global business consulting and internal audit firm specializing in risk, advisory, and organizational transformation and in human capital consultancy.Protiviti advises its clients on
The Hong Kong Police Force (HKPF), established in 1841, currently has a workforce of around 40,000 personnel. The organization’s policy is to recruit throughout the year and looks at hiring “high
Would you prefer to work alone or as part of a team?Why?
The health-care industry is the fastest growing sector of the U.S. economy, with annual revenues projected at over $1.6 trillion (that’s 12 zeroes!).68 And health care has surpassed manufacturing
2: Microsoft Corp, quite often considered the granddaddy of the computer software industry, was founded in 1975 by childhood friends Bill Gates and Paul Allen.(Fun fact: The company was originally
3: Can employees really manage themselves? At W. L. Gore and Associates, self-managed teams have helped create a a thriving business that has operated profitably for more than 50 years.78 Gore is a
Discuss the benefits of using social learning to manage a diversified workforce in an organization.
Identify and discuss the three components of workrelated attitude.
The Alibaba Group is China’s largest e-commerce company.Its main platforms—Taobao, Tmall, and Alipay—offer the largest online marketplace for Chinese businesses and consumers to connect.
The Virgin Group Ltd. has succeeded with a simple plan—don’t put customers first! The British multinational holding company that has businesses ranging from an airline to a media company follows
Adobe Systems is one of the largest and most diversified software companies in the world. It is headquartered in San Jose, California, in the heart of Silicon Valley. Its 18,000 plus employees are a
In 1999, the United Kingdom introduced the National Minimum Wage, requiring employers to pay a minimum hourly rate regardless of the size of the organization or the nature of the role. Reviewed by an
Would unlimited vacation time offered by an organization be important to you? Would it be an appealing enough benefit to attract you to an organization you might not have considered? Would it
At its headquarters in Ventura, California, Patagonia’s office space feels more like a national park lodge than the main office of a $600 million retailer.84 It has a Douglas fir staircase and a
Based on the behavioral theory of leadership, how does the behavior of one leader differ from that of other leaders?
“Leaders are born, not made.” Do you agree with this statement? Why or why not?
“A leader’s effectiveness depends on their followers’ ability.” Which theory claims this, and why?
Does management style affect the way leaders lead?Consider McGregor’s Theory X-Y and explain whether or not the leadership styles of a Theory X manager and a Theory Y manager would differ.
Do you think trustworthy leaders are more effective in getting results from followers? Explain.
If trust is a fundamental part of leadership, how does an organization recover when the trust is lost? This is a question Fédération Internationale de Football Association (FIFA)recently had to ask
Manchester United Football Club, a professional football club based in Old Trafford, England, enjoyed great success between 1986 and 2013, as evidenced by their 38 domestic and non-domestic
Jean Paul Agon, the president and CEO of L’Oreal, joined the company right after his university graduation in 1978 and has continued to grow as a leader over his more than 40 years with the
Explain why different types of communication are effective across an organization’s hierarchy.
What is your opinion on the possibility that information technology advancements in the future will cause information overload for managers?
Discuss the seven contemporary communication issues facing managers.
MyLab Management only—additional assistedgraded writing assignment.
It’s estimated that the average corporate user sends and receives some 112 e-mails daily.78 That’s about 14 e-mails per hour, and even if half of those don’t require a lot of time and
Theories about communication should provide managers with the tools and information necessary to communicate more effectively and efficiently with members of the staff and avoid
It’s estimated that the average corporate user sends and receives some 112 e-mails daily.78 That’s about 14 e-mails per hour, and even if half of those don’t require a lot of time and
Planning and controlling are the opposite sides of the same coin. Do you think this statement is true at all levels of the organizational hierarchy? Why or why not?
Non-GMO, organic, locally sourced . . . these terms are now a common part of our food vocabulary, although not typically associated with fast food. Chipotle entered the fast-food scene in the early
Controlling employee performance is a vitally important responsibility of managers. After all, it’s your employees who are working to accomplish established goals,and you want to see that those
Watch a movie that involves an organization of some type. The Secret Life of Walter Mitty, The Avengers, and Up in the Air would all be good choices. Identify as many management activities and skills
Now that you’re about to graduate, you’ve decided to open a new business in the local community where you’ve been attending college. We won’t ask where you got them, but we’ll assume that
Using the information about managing start-ups and new ventures presented in this chapter, analyze whether you would like to work in a start-up or new venture, either as an employee or as a founder.
Analyze and describe the levels of hierarchy that exist within TSA. Why do you think the organization has these levels? In your judgment, is the organization too tall, too flat, or does it have the
Within the passenger screening function at an airport, what kind of interdependence seems to exist among TSAs? What coordination requirements are necessary? How is coordination achieved?
Explain how—theoretically, anyway—making “change innovations” in each of the following Areas of Organizational Change might have helped Kodak ease the severity of both the conditions that led
You’re the general manager of a hotel situated along a beautiful stretch of beach on a tropical island. One of the oldest of six large resorts in the immediate area, your hotel is owned by a group
Although some observers might assume that Anglo American PLC is a U.S. company, in reality the company has never been American. Instead, Anglo American is based in the United Kingdom but has
Judging from the case, explain how, at one point or another, each of the following reasons for Failure to Innovate played a role in the process that brought Kodak to bankruptcy: lack of resources,
You can still buy a digital camera with the Kodak name on it, and you can still print pictures at digital kiosks in your local drugstore. These businesses, however, are no longer owned by Kodak. In

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