Questions and Answers of Principles Of Management

What is the assumption behind the interest rate method?
How is the profitability of an investment calculated with the annuity method?
How can the vector analysis be applied in operational business activities?
What is a risk analysis used for?
How does the moving average method work?
What is the advantage of regression analysis compared to time-series analysis?
What influences the decision to buy or rent?
What are the underlying assumptions of the basic model of economic order quantity?
What are the advantages and disadvantages of a low degree of centralization of procurement?
What does a simple model of optimal location consist of?
What are A items, B items and C items?
What aspects must be considered in environmentally aware warehousing?
What is meant by cost lag?
On what assumptions is the basic model of the optimal lot size based and to what extent are they problematic?
What is the level of activity?
Which factors determine cost structure?
What recycling and recovery alternatives exist for industrial waste?
What are administrative overheads?
How is the method of zero-based budgeting carried out?
What advantage does a hybrid system have over purely functional and hierarchical systems?
What are the core ideas of Peter Ulrich and Edgar Fluri?
Describe a goal matrix.
What are the elements of management systems?
What different kinds of knowledge exist and how do they relate to management?
Why do many business entities use a Balanced Scorecard?
Describe the budget system of a multi-level concern,
What is the connection between organizational structure and organizational process structure?
What different types of controllership can be distinguished and which principles are essential for its success?
What are the main responsibilities of human resource management?
What are the elements of the management process?
What do you do when you have more than 600 business units operating through 360 independent affiliates in 140 countries around the world-processing complex invoices in various languages and
You are a manager at a traditional automobile manufacturer (Ford, GM, Daimler-Chrysler). You know that Tesla is an up-and-coming competitor, and you’re also working on electric cars for your
Assess the education that you have received from grade school up to this course. What technology has been used to provide education to you? What technology and innovation would improve the
What has been the evolution of human resource management (HRM) over the years, and what is the current value it provides to an organization?
How does the human resources compliance role of HR add value to an organization?
How do performance management practices impact company performance?
How do companies use rewards strategies to influence employee performance and motivation?
What is talent acquisition, and how can it create a competitive advantage for a company?
What are the benefits of talent development and succession planning?
How diverse is the workforce?
How does diversity impact companies and the workforce?
What is workplace discrimination, and how does it affect different social identity groups?
What key theories help managers understand the benefits and challenges of managing the diverse workforce?
What can organizations do to ensure applicants, employees, and customers from all backgrounds are valued?
How do leaders influence and move their followers to action?
What are the behavioral perspectives on leadership?
What does the concept “substitute for leadership” mean?
What is diversity?
What does the concept “substitute for leadership” mean?
What are the characteristics of transactional, transformational, and charismatic leadership?
How do different approaches and styles of leadership impact what is needed now?
Define motivation and distinguish direction and intensity of motivation.
In the 1980s, Walmart had killed (or was killing) the mom-and-pop store. "Buy local" signs were seen, urging consumers to buy from their local retailers rather than from the low-cost behemoth.
Typically, the day after Thanksgiving (Black Friday) marks the beginning of the holiday shopping season in the United States. Holiday sales, typically defined as sales occurring in November and
You are managing a small manufacturing operation that involved the final assembly of Children sippy cups. There are two components to the sippy cup: the cup, a lid, and a straw as well as the box
Explain the individual and organizational effects associated with goal setting and planning.
How do organizations develop technology and innovation?
What are the four areas that need to be managed by the firm if it is going to take advantage of the technology it has and the technology it needs to create?
Come up with 50 alternative uses for the following products: day-old newspapers, old television sets, ballpoint pens, used Dixie cups. Share your results with other students as see if that develops
You are a sales manager and know that technologies like automation, robotics, artificial intelligence, and the Internet of things are changing the way that you use and interact with the products that
What are external sources of technology and innovation development, and when are they best used?
What are the five Cs of managing innovation, and how do they help direct a firm’s innovation activities?
Think of the best experience you have had using a smartphone app (e.g., banking, rideshare, etc.) and a bad experience that could be improved through an app. Describe the features and functionality
In October 2015, Google restructured into Alphabet, a holding company, which analysts said would facilitate innovation among its diverse subsidiaries. What are the benefits and risks of this
What are internal sources of technology and innovation development, and when are they best used?
How does an organization enhance its agility? When is more agility needed in the firm?
How and why do entrepreneurs need to develop MTI skills?
Compare and contrast the advantages and disadvantages of the three approaches for technology and innovation development.
No matter what method is used, what skills do you need to successfully manage technology and innovation?
What circumstances indicate a firm should consider an external process for developing/acquiring technology?
How do you look into the future to keep pace?
How does a firm determine the type of external process for developing/acquiring technology it should pursue?
What are the benefits of using internal sources for developing new technologies, products, and/or processes? What are the potential disadvantages?
How does an entrepreneurial firm identify and utilize a value proposition?
How does knowledge management impact the management of technology and innovation?
Followship is critical to MTI—how does the quality of followship in the organization impact the ability of leadership to create value?
How does the management of technology and innovation help a firm create value? Why should the firm strive to have a unique value proposition?
Describe a content theory of motivation.
Describe the process theories of motivation, and compare and contrast the main process theories of motivation: operant conditioning theory, equity theory, goal theory, and expectancy theory.
Describe the modern advancements in the study of human motivation.
Your company is considering implementing a 360° appraisal system where up to 10 people in the organization provide feedback on every employee as part of the annual performance appraisal process.
What is a team, and what makes a team effective?
How do teams develop over time?
What are some key considerations in managing teams?
What are the benefits of conflict for a team?
How does team diversity enhance decision-making and problem-solving?
What are some challenges and best practices for managing and working with multicultural teams?
Know the types of communications that occur in organizations.
Understand how power, status, purpose, and interpersonal skills affect communications in organizations.
Describe how corporate reputations are defined by how an organization communicates to its stakeholders.
Know why talking, listening, reading, and writing are vital to managing effectively.
Understand the importance of planning and why organizations need to plan and control.
Use the tools described in this chapter to write a plan that will help you set goals, plans on how to achieve them (e.g., achieve an A average in all of my core concentration courses and A- in all
You are a manager, and your direct report is complaining about not being involved in the planning process. How do you respond?
Outline the planning and controlling processes.
You are a sales manager and have reviewed the monthly sales goals and conclude that the targets can’t be achieved without additional hires or paying employees overtime to secure additional orders.
Identify different types of plans and control systems employed by organizations.
You and another student will engage in a role-play exercise. One will be the manager, and one will be an employee who is not happy with the aggressive goals that he has been given. After a 10-minute
Understand how planning occurs in today’s organizations.
Discuss the impact that control has on organizational members.

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