Mid-Term/Exam Review

* Material covered from chapters 1-7 * From managers and managing to individual and group decision making process * Exam will be a series of short essay questions and multiple choices * The exam is at ART 026

Question 1: What is Management Explain the different parts of the formal definition?
Management is a process, involving a series of activities and operations, such as planning, organizing, leading and controlling an enterprises financial, physical, human and information resources to achieve the organizations goal of supplying various products and services to consumers

Finally, management involves activities carried out in an organizational setting by people with different functions intentionally structured and coordinated to achieve common purposes. Basically the management is structured around the areas of financial, human resources, operation, and marketing and information organizational functions.

Question 2: what creates the personality of an organization?
Each organization has its own personality created by the experiences, skills, personalities, and mannerisms among the people who make up the organization.

Question 3: Complete the sentence: The rational decision making process requires to …… 1) Evaluate the effectiveness of their decision 2) Make sure that the chosen alternative has served its original purpose 3) Adopt an alternative that had previously been discarded 4) Recognize that the situation was not correctly defined to begin with and start the process all over again if required

Question 4: What is the importance of each of Mintzbergs 10 mangerial roles? Name and present a short explanation for each of them.

The Figurehead Role involves an emphasis on ceremonial activities.
A leader role is essentially one of influencing or directing others.
The liaison role