...and how to use resources to achieve goals. Low cost strategy: a way of obtaining customers by making decision that allow an organization to produce goods or services more cheaply than its competitors so it can charge lower prices than they do Differentiation strategy: To deliver to customers new, exciting, and unique products 3. What does the managerial function of organizing involve? What is its outcome? Organizing: structuring working relationships so organization members interact and cooperate to achieve organization goals. Outcome: The outcome of organizing is the creation of organization structure Organization structure: a formal system of task and reporting relationships that coordinates and motivates organizational members so they work together to achieve organization goals. 4. Identify the three levels of management and explain the basic responsibilities of each. First line managers: responsible for the daily supervision of non-managerial employees Middle managers: Supervise first-line managers and are responsible for finding the best way to use resources to achieve organizational goals Top managers:...
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...systematic study. 5. Identify the major behavioral science disciplines that contribute to OB. 6. Demonstrate why few absolutes apply to OB. 7. Identify the challenges and opportunities managers have in applying OB concepts. 8. Compare the three levels of analysis in this book’s OB model. Instructor Resources Instructors may wish to use the following resources when presenting this chapter. Learning Catalytics Questions: Instructor Directions and Follow-Up Organizational Behavior Concept | LC Question | Instructor Directions and Follow-Up | Management skills and managerial activities | Refer to the allocation of activities by time for average, successful, and effective managers. Prioritize how you spend your time as a college student. | This is a good discussion starter on managerial activities and what is important. First, make the connection for students between activities that managers spend their time on and similar activities that college students spend their time on. Next, display results from the class and compare with the Luthans results. For example: * Traditional management = making decisions, planning, and controlling school work and job * Communication = exchange of information * HRM = motivating self and others, conflict management on project teams and with roommate, etc. * Networking = interacting at career fairs, meeting other students at events, etc. | OB disciplines | Indicate the three topics in OB that you are...
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...enable us to monitor the exam, so I will make it "open book". While you have three days to take the exam, I strongly recommend that you take it early on Wednesday or Thursday. In the past, students have encoutered numerous problems if they wait till the last minute such as technology failure, personal or family problems. You will answer a total of 5 questions (2 Problems and 3 short essay Questions). The problems will be focussing on Triangular Arbitrage, and Derivatives. The essay questions will be identical to the ones in the review sheet. More on this in the Adobe session scheduled for Thursday Feb 2, 2012. FINANCE 6644: Global Financial Strategy Krishnan Dandapani January 2012 Final Exam Review Questions Instructions A. Please be concise and precise in your answers. B. Practice answers for closed book, class room setting. C. Suggested length: minimum one page; maximum two pages per question. D. You would answer 5 questions or Problems in two hours in final exam. Questions 1. Ethical Standards a. Can a multinational firm adopt varying ethical standards [such as with regard to product safety (Pinto), employee benefits (Nike) and “kickbacks” to win business (HP)] in its global operations? Why or Why Not? Discuss in depth based on the goals of multinational corporations? (Be sure to identify the merits and demerits/pitfalls for both options). b. How do corporate...
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...Objectives Back to Top The Course Project is designed to provide you with an opportunity to research a topic of interest related to some aspect of correctional administration. This project is an effort to allow you to fully explore issues related to either correctional officials or prison inmates. This project incorporates all TCOs. Guidelines Back to Top The course project is worth 320 total points and will be graded on APA formatting; quality of research topic; quality of paper information; proper use of text citations; proper grammar, punctuation, usage, and sentence structure; and the deliverable components for Weeks 1, 2, 5, and 6. There are four components to the Course Project. • title page, topic discussion, and a list of three references • annotated outline • annotated bibliography • Final Paper Requirements • APA guidelines must be followed for all course component deliverables. • At least six authoritative, outside references are required for the annotated bibliography and the Final Paper. • All DeVry University policies are in effect, including the plagiarism policy. • The Final Paper isdue in Week 6of this course. • The Final Paper must be 8 to 10 pages of text in length, Times New Roman 12-point font, double-spaced, include a cover page, introduction or abstract, body of the report, summary or conclusion, and a works cited page. • Any questions about this paper may be discussed in the weekly Q & A Discussion topic or instructor e-mail. Course Project...
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...demanded due to change in price of a commodity. 2. What is meant by price elasticity of demand? [5marks] Price elasticity of demand is a responsiveness of quantity demanded due to change in price of a commodity. It can be calculated using a formula. % CHANGE IN QUANTITY DEMANDED PED = % CHANGE IN PRICE There are five types of elasticity where the value ranges from 0 to infinity. They are; Perfectly inelastic ( elasticity value is equal to 0) Perfectly elastic ( elasticity value is equal to infinity) Elastic ( elasticity value is greater than 1) Inelastic ( elasticity value is less than 1) Unitary elastic ( elasticity value is equal to 1) Note: - Candidates can include simple diagrams of different types of elasticity. 3. Discuss why the price elasticity of demand for the items mentioned in the article might differ. [5marks] Note: - Here, no need of definition since in part –c definition of elasticity has been given) The items mentioned in the article are clothing and footwear, together with certain perfumes, hair-styles, cell-phones and household appliances. First of all clothing and foot wear can be classified as a basic human need where people find very difficult to live without that. This means any person is ready to buy these products at any price since they did not have a choice. So, these products are inelastic product where a change in price will have a very small or sometime no effect on quantity demanded. On the other hand, perfumes, hair-styles, cell-phones...
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...processes, leading 3. describe different kinds of managers. Top managers, middle managers, first line managers, team leaders 4. explain the major roles and subroles that managers perform in their jobs. Interpersonal- figurehead, leader, liason Informational-monitor, disseminator, spokesperson Decisional-enterpreneur, disturbance handler, resource allocator, negotiator 5. explain what companies look for in managers. Technical skills, human skills, conceptual skill, motivation to manage 6. discuss the top mistakes that managers make in their jobs. Insensitive to others, cold aloof and arrogant, betraying a trust, overly ambitious, specific performance problem with business, overmanaging, unable to staff effectively, unable to think strategically, unable to adapt to boss with different style, overdependent on advocate or mentor 7. describe the transition that employees go through when they are promoted to management. Initial expectation: be the boss, formal authority, manage tasks, job is not managing people After 6 months: fast pace, heavy workload, job is to be problem solver and trouble shooter for subordinates After 1 year: no longer doer, communication listening and positive reinforcement, job is people development Cannot be bossy, manage people not task, coach employee performance, fast pace heavy workload 8. explain how and why companies can create competitive advantage through people. Employment security, selective hiring, self managed teams and decentralization...
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...infrastructure and information technology architecture. Information Technology Infrastructure: the physical facilities, IT Components, IT Services and IT management that support an entire organization Information Technology Architecture A high-level map or plan of the information assets in an organization which guides current operations and is a blueprint for future direction c) Discuss the business pressures that characterize the modern global business environment. The business environment is the combination of social, legal, economic, physical, and political factors that affect business activities. 3 types of business pressures: 1. Market Pressures. Generated by: - global economy and strong competition - the changing nature of the workforce - powerful customers 2. Technology pressures. Two major technology: - technological innovation and obsolescence - information overload 3. Societal/Political/Legal Pressures. - Social responsibility - Compliance with government regulations and deregulation - Spending to protect against terrorism - Ethics d) Discuss the...
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...organizational goals in an efficient and effective manner. A manager is someone whose primary responsibility is to carry out the management process within an organization. 2. Identify and briefly explain the four basic management functions in organizations. Answer: planning and decision making (determining courses of action), organizing (coordinating activities and resources), leading (motivating and managing people), controlling (monitoring and evaluating activities). These activities are not performed on a systematic and predictable schedule. 3. Describe the kinds of managers found at different levels and in different areas of the organization. Answer: By level, we can identify top, middle and first-line managers. Kinds of managers by area include marketing, financial, operations, human resource, administrative, and specialized managers. 4. Identify the basic managerial roles that managers play and the skills they need to be successful. Answers: Interpersonal roles (figurehead, leader, and liaison). Informational roles (monitor, disseminator, and spokesperson). Decisional roles (entrepreneur, disturbance handler, resource allocator and negotiator). Key management skills are technical, interpersonal, conceptual, diagnostic, communication, decision-making, and time-management skills. 5. Discuss the science and the art of management, describe how people become managers, and summarize the scope of management in organizations. Answer: the...
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...Introduction to business and management J. Timms MN1107, 996D107, 2790107 2011 Undergraduate study in Economics, Management, Finance and the Social Sciences This is an extract from a subject guide for an undergraduate course offered as part of the University of London International Programmes in Economics, Management, Finance and the Social Sciences. Materials for these programmes are developed by academics at the London School of Economics and Political Science (LSE). For more information, see: www.londoninternational.ac.uk This guide was prepared for the University of London International Programmes by: J.N. Timms, BA, MSocSci, Researcher at the Centre for the Study of Global Governance, London School of Economics and Political Science. The 2006 and 2009 editions of this guide were amended and updated by A.E. Benjamin, BSc, MA, Dip Stats, previously at Imperial College Business School. This is one of a series of subject guides published by the University. We regret that due to pressure of work the author is unable to enter into any correspondence relating to, or arising from, the guide. If you have any comments on this subject guide, favourable or unfavourable, please use the form at the back of this guide. University of London International Programmes Publications Office Stewart House 32 Russell Square London WC1B 5DN United Kingdom Website: www.londoninternational.ac.uk Published by: University of London © University of London 2002, reprinted...
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...The Dirty Thirties and the Emergence Of Canadian Social Assistance Grade 10 Academic-CHC2D Dec. 12, 2011 By: Kate Raatzs, Archana Selvaragan and Jennifer Joseph Table of Contents Task Page Design Plan Statement 1 Course Outline 2-5 Unit Overview 6 Unit Calendar 7-8 Enduring Understandings/Essential Questions 9-10 Lesson Summaries: a) Causes of Economic Troubles 11 b) Population Changes and Immigration 12-14 c) Technology of the 1930s 15 d) Life in the 1930s 16 e) On-To-Ottawa and Social Unrest 17 f) Social Assistance Programs 18 g) Then and Now Review Lesson 19-21 h) Then and Now Round Table Assignment 22-23 Appendix A: Round Table Discussion Handout 24 Rubric for Round Table Discussion and other Assessment ideas 25-28 Topic Organizer 29-31 Speech Planner 32 Design Process Statement Our group initially decided to work together because each of us was specifically interested in developing lessons for Grade 10 Canadian History – Academic. Some of us wanted to develop our understanding of the curriculum itself, while others wanted to focus on working with students of this age. After reviewing the curriculum...
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...Task 1 As social workers we live and work in very large complex and ever changing society therefore it may be very important as a social worker to know what social class her client, family or community belongs to, as this gives the social worker insight into how to intervene. Social class can be defined in a number of ways but the one that’s widely adapted by social workers is that social class is a large group of people whose economic circumstances, usually measured by their incomes, wealth and occupation, are broadly similar. There are three major social classes in the United Kingdom which include; the working class, middle class and the upper class. Socialists emphasize that social class is essentially an economic concept and they determine individual’s class on the basis of wealth income and occupation. However it is also important to say that there are other factors to consider when determining a person’s social class such as; their family social background, standard of living, home ownership, leisure pursuits, circle of friends and social connections and education. Broadly speaking most of the factors listed above are closely connected with one’s wealth, income and occupation. One may define Identity as who or what a person or thing is. Identity also helps to define who a person is; it is a self representation of a person’s interests, relationships and leisure activities. On the other hand belonging can mean to feel a sense of welcome and acceptance to someone or some...
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...CPS 603 Sample Exam 1 (Chapters 1 – 7) The exam will consist of 10 short-answer questions. These questions will be taken from, or motivated by the following problems. Sample solutions appear below. 1) Identify four problems endemic to the traditional file environment. 2) Define total cost of ownership. Identify nine important cost components. 3) Discuss the various types of personnel required by a technology infrastructure and its attendant information technology services. 4) Identify and briefly describe the five moral dimensions raised by information systems. 5) List three ways in which all organizations are alike. 6) What is a supply chain? What is a supply chain management system? 7) Identify the three main categories of information systems in relation to the groups they serve and the functional areas in which they operate. Which do you believe is most difficult to implement? Why? 8) Describe and discuss the four stages of decision making as outlined by Simon. How does each relate to the use of information systems? 9) "With the Internet, the traditional business model is no longer valid." Describe the traditional business model and how the new business models differ. Do you agree, or disagree with the statement given here? Support your argument. 10) List the four technology trends given by the authors of your text that raise ethical issues. Give an example of an ethical or moral impact connected to each one. 11) Briefly describe Mintzberg's classification...
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...LEARNING OBJECTIVES Moses Gerard Shyne CHAPTER 3 1. Explain why nations and companies participate in international trade. Because no national economy produces all the goods and services that its people need. 2. Describe the concepts of absolute and comparative advantage. A nation has an absolute advantage if (1) it’s the only source of a particular product or (2) it can make more of a product using the same amount of or fewer resources than other countries. Because of climate and soil conditions, for example, comparative advantage , which exists when a country can produce a product at a lower opportunity cost compared to another nation 3. Explain how trade between nations is measured. We determine a country’s of trade by subtracting the value of its imports from the value of its exports. If a country sells more products than it buys,it has a favorable balance, called a trade surplus . If it buys more than it sells, it has an unfavorable balance, or a trade deficit 1. Define importing and exporting. Importing involves purchasing products from other countries and reselling them in one’s own. Exporting entails selling products to foreign customers. 2. Explain how companies enter the international market through licensing agreements or franchises. Foreign direct investment (FDI) refers to the formal establishment of business operations on foreign soil. 3. Describe how companies reduce costs through contract manufacturing and outsourcing...
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...IT POINTS OUT THE CRITICAL ROLE OF CHANGE AND CHALLENGE, FOLLOWED BY A DISCUSSION OF HOW PEOPLE LEARN ABOUT ORGANIZATIONAL BEHAVIOR. THE CHAPTER FINISHES BY RELATING THE VARIOUS FEATURES OF THE BOOK TO LEARNING STYLES AND OUTLINING THE PLAN FOR THE BOOK. LEARNING OBJECTIVES AFTER READING THIS CHAPTER, YOU SHOULD BE ABLE TO DO THE FOLLOWING: 1. Define organizational behavior. 2. Identify six interdisciplinary contributions to the study of organizational behavior. 3. Identify the important system components of an organization. 4. Describe the formal and informal elements of an organization. 5. Understand the diversity of organizations in the economy, as exemplified by the six focus organizations. 6. Recognize the challenge of change for organizational behavior. 7. Demonstrate the value of objective knowledge and skill development in the study of organizational behavior. KEY TERMS CHAPTER 1 INTRODUCES THE FOLLOWING KEY TERMS: organizational behavior change challenge psychology sociology engineering anthropology management medicine task people structure formal organization informal organization Hawthorne studies total quality management (TQM) objective knowledge skill development the CHAPTER SUMMARized I. THINKING AHEAD: CHANGING ADMINISTRATIONS, BUSINESS,...
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...Organisation & Management PRESCRIPTION: 530 ORGANISATION AND MANAGEMENT This prescription replaces 130 Organisation and Management. CORE PRESCRIPTION Level CREDIT VERSION INTRODUCED AIM 5 20 1 2006 Students will understand the factors that influence management and the organisation and apply a range of factors. Nil PREREQUISITES ASSESSMENT WEIGHTINGS Learning outcomes 1. Students will identify the purpose of organisations and management. 2. Students will understand the importance of the development of management philosophies and their influence on current management practices. 3. Students will demonstrate their understanding of the influence of environments on organisational behaviour, by applying knowledge to a typical situation. 4. Students will understand the importance of ethics and social responsibility within an organisation. 5. Students will understand the elements of problem solving and apply a range of techniques that aid operational decision making. 6. Students will understand the purpose of planning and control and apply processes to a given situation. 7. Students will discuss two organisational structures, evaluate and recommend a structure for a given situation. 8. Students will understand and apply knowledge of leadership, motivation and delegation. 9. Students will understand team dynamics and how teams can influence the organisation. TOTAL Assessment weighting % 8 6 10 15 8 15 10 18 10 100 All learning outcomes must be evidenced; a 10% aggregate...
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