Questions and Answers of Agribusiness Principles Of Management

Do you think that agribusiness is a necessary component of any economic system? Why or Why not?
Think about the development of agribusiness. Can you identify a company that has developed in such a way that it encompasses all of the stages of the value chain in one company?
Why is the distinction of a commodity important to understanding agribusiness?
Think of someone you know who is employed in agribusiness. Describe the person’s job position and daily activities.
Select one agribusiness product (e.g., corn, soybeans, cotton, poultry) and, using library and Internet sources, discuss the market for that product over the next ten years.
An approach to control uncertainties and potential dangers by assessing what those are, then developing strategies and tactics to reduce them is known as ______ _______.
The input supply industries, production agriculture, and value-added activities are considered the ______ industries of agribusiness.
Banking, transportation, and insurance are considered the ______ industries of agribusiness.
Food manufacturing and distribution are considered as ______ ______industries of agribusiness.
Seed and chemicals are two of the ______ industries of agribusiness.
Beginning with raw materials and commodities of relatively low value then modifying the material or commodity to add value to the product is known as the _______ ______ _______ or the ______ ______
The initial competitive advantage of agribusiness was tied to a/an ______ or a/an ______.
______ refers to the various businesses involved in the production of ingestible or wearable products,including farming and contract farming, seed supply, agrichemicals, farm machinery, wholesale and
A fungible good (the same no matter who produces it) for which there is demand, but which is supplied without qualitative differentiation across a market is known as a/an ______.
The basic physical and organizational structures needed for the operation of a society or enterprise (e.g., roads and communication) are known as the ______.
Few companies excite such extreme emotions as Monsanto. To its critics, the agribusiness giant is a corporate hybrid of Victor Frankenstein and Ebenezer Scrooge, using science to create foods that
What is management? Identify different kinds of managers, both by levels and by areas.Management can be defined as a set of activities directed at the efficient and effective utilization of resources
What are efficiency and effectiveness?
Briefly explain why history and theory are important to the field of management.
What are the important contributions and weaknesses of the three schools of management?
Think of someone you know who is a manager. Describe that person’s management position in terms of the type of organization, level in the organization, and the area of management in which he or she
Given the importance of history and theory, how can many managers operate successfully without a good understanding of either? Would they do better with such an understanding? Why?
Which school of management theory do you feel most closely matches your present ideas about how management should function? Why?
Why were management theories of the past relatively simple? Was it because the theorists did not know much or because the managerial world they were describing was relatively simple? Defend your view.
Illustrate the concepts of synergy, entropy, and equifinality in a system other than a business one.(You may need to go to the library and look up some articles on systems to answer this question
Executives between top management and first-line management, including plant managers, division managers, and operation managers, are called ______ managers.
Those who supervise operating employees, including supervisors, department managers, office managers, and foremen are called ______ ______ managers.
The subarea of the classical school of management that attempted to design jobs to increase individual output is known as ______ management.
The ______ school of management is focused on the potential importance of the individual in the workplace.
The ______ ______ model recognizes that people have their own unique needs and motives that they bring to the workplace with them.
The branch of the quantitative school of management that develops advanced mathematical and statistical tools and techniques for managers is called ______ ______.
______ management focuses on the application of mathematical and statistical tools to managing an organization’s processes and systems.
A system created specifically to store and provide information to managers is known as a/an ______ ______ ______.
An approach to understanding how the different elements of an organization function and operate is called ______ ______.
The ______ approach argues that appropriate managerial actions depend on certain major elements of situations.
Agribusinesses have always been secure in the knowledge that the agricultural sector is land-dependent.This dependency was a form of security. You cannot move a farm or ranch to another country.
What are some of the challenges facing managers today and tomorrow?
Sketch the integrative framework of management and describe the managerial models that are opposing forces.
Compare and contrast the original roles with those in the integrative framework.
List and describe the three essential managerial skills and the three essential managerial knowledge types. Give examples of each.
What are the roles of education and experience in acquiring managerial skills and knowledge?
Identify ten advantages to workforce diversity.
It has been argued that there is no one best way to manage. Do you agree or disagree with this assertion? Why?
Which roles do you think managers spend most of their time playing? Is an effective manager more likely to use one or two roles exclusively, or does an effective manager go back and forth between all
For each of the integrative framework roles, provide an example of a managerial skill or managerial knowledge that an effective manager might need.
You hear two classmates arguing over which is more important for a manager: education or experience. How would you help them see that it is not an either/or question? Which managerial role are you
Different schools of thought about management, each of which represents a set of assumptions and explains one part of the management process, are known as ______ ______.
Operating in a way that uses resources wisely and seeks stability and direction is known as _______.
The roles that managers are expected to play include ______, ______, and ______.
The symbolic role where the manager acts as a representative of the organization by performing routine duties of a legal or social nature is referred to as ______.
Dealing with people outside the organization on a regular basis is the manager’s ______ role.
When the manager is communicating with people inside or outside the organization, she is performing the ______ role.
When presenting information and answering questions on the firm’s behalf to the public, a manager is functioning as ______.
When determining how resources will be divided among different areas within the organization, the manager is acting as ______ ______.
The skills a manager needs to perform specialized tasks within the organization are called ______ skills.
The skills a manager needs to work with other people are known as ______ skills.
So what’s the price of tuna, Charlie? Packed in water or not?Wild Bluefin Tuna will sell for almost $25 per pound in Tokyo’s Tsukiji market; “ranched” Spanish Bluefin Tuna will sell for $11
What is an organization’s general environment? Identify and discuss each of the major dimensions of the general environment.
What is an organization’s task environment? What are the major dimensions of that environment?
What is an organization’s internal environment? How is it formed?
Describe the basic ways in which the environment can affect an organization.
Describe the basic ways in which an organization can respond to its environment.
Identify five types of companies that are likely to be especially concerned about each one of the five dimensions of the general environment.
Identify examples of organizations in each dimension of the task environment of your college or university.
How are the general and task environments interrelated?
Think of an organization with which you have some familiarity. Describe its culture and suggest how that culture was created.
What are some recent examples of how the environment has affected specific organizations?
People who work for the organization, especially when they are organized into unions, are known as ______.
Organizations that compete with other organization for resources are called ______.
Two or more companies that work together in joint ventures are known as ______ ______.
The set of values that helps its members understand what the organization stands for, how it does things, and what it considers important is referred to as the organization’s ______.
The process of actively monitoring the environment through observation, reading, and so forth is known as _______ _______.
Everything outside an organization that might affect the organization is known as its ______ environment.
The overall health of the economic system in which the organization operates is known as the _______ environment.
The broad dimensions and forces that provide opportunities and impose constraints on the organization are referred to as the ______ environment.
The customs, mores, values, and demographic characteristics of the society in which the organization functions is known as the ______ environment.
The methods available for converting resources into products or services is called the ______ environment.
“They are financial weapons of mass destruction,” Warren Buffett wrote in his popular annual “Berkshire Hathaway Letter from the Chairman,” in 2003. Mr. Buffett was referring to financial
Identify and briefly describe the four basic sets of managerial challenges discussed in this chapter.
What can managers do to avoid another period of downsizing?
How are productivity and quality different and how are they related? Can you change one without changing the other?
Why is innovation important to managers?
What are some of the arguments for and against governmental regulation of business? Can there really be a “free market?” Why or why not?
How is entrepreneurship affected by downsizing and cutbacks? Is there anything resembling a logical cycle between the two?
Suppose you are a plant manager considering the purchase of an automated assembly line. What issues would you consider before proceeding?
It is fairly easy to identify U.S. firms, such as Ford, that have stiff international competition. Identify some U.S. firms that have no direct foreign competitors, at least in North America.
What are some recent controversies that have arisen regarding the natural environment and business? (Give specific examples and cite the basic issues involved in each.)
Suppose you had a subordinate with a drug problem. The subordinate was capable of working adequately but was having personal problems resulting from drug use. Should you try to help, or should you
A _______ occurs when one corporation or group of investors buys or trades for enough stock in a company to gain control over it.
How much is created relative to the resources used to create it is a measure of efficiency known as ______.
A planned reduction in organizational size is called ______.
Reductions in the scope of an organization’s operations are known as ______.
The process of starting a new business is known as ______.
Processes and steps used to transform various inputs such as raw materials and component parts into something else is called ______.
The use of machinery, especially computers and robots, to replace human labor as part of the technological transformation process known as ______.
The process of creating and developing new products or services and/or identifying new uses for existing products and/or services is called ______.
The process of starting new ventures within a larger organization is referred to as ______.
When members of a group or organization differ from one another along one or more important dimensions that is called ______ ______.
The waitress at a local breakfast place asked in her best professional, monotone voice, “So, do you want a ‘Pepsi’ with your oatmeal?” She was responding to an article on the page her
What are the four basic levels of international business activity? Give examples for each.

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