Management Terms and Concepts: A Comprehensive Glossary, Quizzes of Introduction to Business Management

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TERM 1 Managing new competitive landscape DEFINITION 1 GlobalizationTechnology changecollaboration across boundariesKnowledge management TERM 2 Knowledge manangemnt DEFINITION 2 practices aimed at discovering and harnessing an organization intellecutal TERM 3 Managing for Competitive Advantage DEFINITION 3 InnovationSpeedServiceQualityCost competitive TERM 4 Functions of managment DEFINITION 4 planning: delevering strategic valueOrganizaing: build a dyamic organizationLeading: mobilizing peoplecontrolling: learning and changing TERM 5 top level managers DEFINITION 5 senior executives responible for the overall mangement and effectivness of organization TERM 6 Middle level mangers DEFINITION 6 manfers located in the middle layers of the organization, reporting to top level mangersalso called tactical managers TERM 7 Frontline managers DEFINITION 7 lower level mangers who supervice the operational activies of the organizationsales mangers, supervisoroperational manger TERM 8 techinal skill DEFINITION 8 the ability to perform a specialixed task involving a particular method or process TERM 9 conceptual and decision skill DEFINITION 9 skills pertaining to the ability to idenfity and resolve problems for the benefit of the organization and its memebrs TERM 10 interpersonal and communication skill DEFINITION 10 people skills ability to lead motivate and commmuicate effectively with others TERM 21 buffering DEFINITION 21 creating supplies of excess resources in case of unpredicted needs TERM 22 smooting DEFINITION 22 leveling normal fluctuations at the boundaries of the enviroment` TERM 23 independent stragtegies DEFINITION 23 when it acts on it own to change some apects of current enviroment TERM 24 cooperative strategies DEFINITION 24 used by two or more organizations working together to mange the external enviroment TERM 25 strategic maneuvering DEFINITION 25 conscious effort to change the boundaries of its competitive enviroemnt TERM 26 DOMAIN SELECTION DEFINITION 26 entering a new market with an existing expertise.ex wii TERM 27 dicersification DEFINITION 27 a firms investment in a different prodcut business or geographic areaipod TERM 28 acquisition DEFINITION 28 a firm buying another TERM 29 divestiture DEFINITION 29 a firm selling one or more business TERM 30 prospectors DEFINITION 30 companies that continually change the boundaries for their task environment by seeking new products and markets, diversifying and merging or acquiring new enterprises TERM 31 denfensers DEFINITION 31 companies that stay within a stable product domain as a strategic maneuver TERM 32 organization culture DEFINITION 32 the set of important assumptions about the oranization and its foals and practices that members of the company share TERM 33 diagnosing culture DEFINITION 33 corprate mission statements and offcal goalsbisniess practicessymbolsthe stories people tell TERM 34 group culture DEFINITION 34 internally and flexible TERM 35 hierarhical culture DEFINITION 35 internally and control TERM 46 advantages of groups DEFINITION 46 1. more information2. different perspectives3. intellectual stimulationmore likely to understand why decison was madehigher level of commitment TERM 47 disadvantages to group DEFINITION 47 one person dominatessatisifcing is more likelypressure to aviod disagreement (group think)goal displacement TERM 48 cognitive conflict DEFINITION 48 issue based differences in perspectives or judements TERM 49 affective conflict DEFINITION 49 emotional dissagreement directed toawrd other people TERM 50 bounded rationality DEFINITION 50 a less than perfefct form of rationally in whcih decision makers cannot beperfectly rational b/c decision are complex and complete info is not avaible TERM 51 incremental model DEFINITION 51 model of organizational decision making in which major solutions arise through a seris of smaller decisions TERM 52 coalitional model DEFINITION 52 model of orangization decision making in which groups with differing pregerneces use power and mefotiation to influence decisions TERM 53 planning process (basic) DEFINITION 53 situational anaylsisaltervative goalsevalute those ^^selectionimplementationmonitoe and control TERM 54 alternative goals and plans DEFINITION 54 1. specfic2. measurable3. attainable4.relevant5. time boundSMART TERM 55 strategic planning DEFINITION 55 a set of procedures for making decisions about the organization long term TERM 56 strategic goals DEFINITION 56 major targets or end results relating to the organization long term survival value and growth TERM 57 tactical strategic DEFINITION 57 a set of procedures for translating broad startegic goals and plans into specfic goals that are relevant to a dsitnct portion of the organization -- ex marketingmiddle mangers TERM 58 operational st DEFINITION 58 the process of id the specific procedures and processes rquired at lower levle organization TERM 59 strategy map DEFINITION 59 skills of its pplability for them to growthe effectiveness of its internal processesability to deliver value to customersgrow financial assets TERM 60 strategic management DEFINITION 60 est mission value an goalsanalysis externalanalysis internalSWOTimplentmentationcontrol