BWL FHNW WI
BWL 1. Semester FHNW Bachelor Wirtschaftsinformatik
BWL 1. Semester FHNW Bachelor Wirtschaftsinformatik
Kartei Details
Karten | 63 |
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Lernende | 18 |
Sprache | Deutsch |
Kategorie | BWL |
Stufe | Universität |
Erstellt / Aktualisiert | 17.10.2014 / 14.01.2022 |
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Chapter 1
What are the four Functions of Management / essential managerial tasks?
A circle in the following way:
Planning-Organizing-Leading-Controlling
Planning=Choose appropriate organizational goals and courses of action to best achieve those goals.
Organizing=Establish task and authority relationships that allow people to work together and achieve organizational goals
Leading= Motivate, coordinate and energize individuals and groups to work together to achive organizational goals
Controlling=Establish accurate measuring and monitoring systems to evaluate how well in the organization has achieved its goals
Chapter 1
How can you measure the performance of a company?
How they can handle effectivity and efficiency
Chapter 1
What is management?
The planning, organizing, leading and controlling of human and other resources to achieve organizational goals efficiently and effectively.
Chapter 1
What is an organization?
Collections of people who work together and coordinate their actions to achieve a wide variety of goals or desired future outcomes.
Chapter 1
Three types of Managers? Example for each one
Top managers:
They are responsible for the performance of all departments. They have cross-departmental responsibility.
Establish organizational goals, such as which goods and serices the company should produce.
MIddle managers:
They are supervising t he first-line managers. Responsible for finding the best way to organize humans and other resources to achieve organizational goals.
Their job is developing and fine-tuning sklils and know-how such as manufacturing or marketing expertise, thata allow the organization to be efficient and effective.
Firs-line managers:
Often called supervisors.
Responsible for daily supervision of the nonmanagerial employees who perform the specific activites necessary to produce goods and services. They work in all departments or functions of an organization.
Example: Head nurse in the obstetrics department of a hospital.
Chapter1
What is 'Efficiency'?
It is a measure of how productively resources are used to achieve a goal.
"Doing things right"
Chapter 1
What is Effectiveness?
Is a measure of the appropriateness of the goals that mangers have selected for the organization to prsue and the degree to which the organization achieve those goals.
"Doing the right things"
Also see the figure 1.1 in the book on Page 46 for examples
Chapter 1
How can you describe a "strategy"?
A cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals.
Chapter 1
How can you describe an "department"
A group of people who work together and possess similiar skills or use the same knowledge, tools, or techniques to perform their jobs.
Chapter 1
Which positions are in the "Top management team"?
Group composed of the CEO, COO, the president, and the heads of the most important departments.
Chapter 1
Which are the Managerial Skills? Also describe them
Conceptual Skills:
The ability to analyze and diagnose a situation and to distinguish between cause and effect.
Formal education and training are important in helping managers develope these skills.
Human Skills:
The ability to understand, alter, lead, and control the behavior of other individual and groups
Can be learned through education and training, as well as be developed through experience.
Technical Skills:
Are the job-specific skills required to perform a particualr type of work or occupation at a high level.
Chapter 1
Describe "Outsourcing" in a few words
Contracting with another company, usually abroad, to have it perform an activity the organization previously performed itself.
For example Outsource a development project to developers in India
Chapter 1
Utilizing the IT to increase efficiency and effectiveness - how can a company be restructured?
Downsizing an organization by eliminating the jobs of large numbers of top, middle, and first-line managers and nonmanagerial employees
Chapter 1
What defines the definion "Core competency"
It is often used to the specific set of departmental skills, knowledge, and experience that allows one organization to ouperform its competitors (competitive advantage).
Chapter 1
Four types for "Competitive Advantage"
Efficiency
Innovation
Responsiveness to customers
Quality
Definition of Competitive advantage:
The ability of one organization to outperform other organizations because it produces desired goods or services more efficiently aand effectively than they do.
Chapter 1
What is "turnaround management"?
The creation of a new vision for a struggling company based on a new approach to planning and organizing to make better use of a company's resources and allow it to survive and prosper
Chapter 2
What is job specialization?
The process by which a division of labor occurs as different workers specialize in different tasks over time.
Chapter 2
Who was one of the first to describe job specialization?
Adam Smith
Chapter 2
What is scientific management?
The systematic study of relationships between people and tasks for the purpose of redesigning the work process to increase efficiency.
Chapter 2
Who were the "founders" of scientific management?
F.W.Taylor, The Gilbreths (Frank and Lilian)
Chapter 2
What is administrative management?
The study of how to create an organizational structure and control system that leads to high efficiency and effectiveness.
Chapter 2
Who was the founder of the "Theory of Bureaucracy"?
Max Weber
Chapter 2
What is bureaucracy?
A formal system of organization and administration designed to ensure efficiency and effectiveness.
Chapter 2
What is authority?
: The power to hold people accountable for their actions and to make decisions concerning the use of organizational resources.
Chapter 2
What are rules?
Formal written instruction that specify actions to be taken under different circumstances achieve specific goals.
Chapter 2
What are standard operation prcedures(SOP)?
Specific sets of written instructions about how to perform a certain aspect of a task.
Chapter 2
What are norms?
Unwritten, informal codes of conduct that prescribe how people should act in particular situations and are considered important by most members of a group or organization.
Chapter 2
What are the Faysol's 14 Principles of Management?
- Division of labor
- Authority and responsibility
- Unity of Command: A reporting relationship in which an employee receives orders from, and reports to, only one superior.
- Line of authority: The chain of command extending from the top to the bottom of an organization.
- Centralization: The concentration of authority at the top of the managerial hierarchy.
- Unity of direction: The singleness of purpose that makes possible the creation of one plan of action to guide managers and workers as they use organizational resource.
- Equity: The justice, impartiality and fairness to which all organizational members are entitled.
- Order: The methodical arrangement of positions to provide the organization with the greatest benefit and to provide employees with career opportunities.
- Initiative: The ability to act on one’s own without direction from a superior.
- Discipline: Obedience, energy, application and other outward marks of respect for a superior’s authority.
- Remuneration of personnel
- Stability of tenure of personnel
- Subordination of individual interests to the common interests
- Esprit de corps: Shared feeling of comradeship, enthusiasm or devotion to a common cause among members of a group.
Chapter 2
What is behavioral management?
The study of how managers should behave to motivate employees and encourage them to perform at high levels and be committed to the achievement of organizational goals. Mary Paker Follett
Chapte 2
Who is the mother of management and the founder of the behavioral management?
Mary Parker Follett
Chapter 2
What is the Hawthorne effect?
The finding that a manger’s behaviour or leadership approach can affect workers’ level of performance.
Chapter 2
Who was the researcher in the Hawthorne Studies?
Elton Mayo
Chapter 2
What is Human relations movement?
A management approach that advocates the idea that supervisors should receive behavioural training to manage subordinates in ways that elicit their cooperation and increase their productivity.
Chapter 2
What is the informal organization:
The system of behavioural rules and norms that emerge in a group.
Chapter 2
What is organizational behaviour?
The study of the factors that have an impact on how individuals and groups respond to and act in organizations.
Chapter 2
What is the management science theory?
An approach to management that uses rigorous quantitative techniques to help managers make maximum use of organizational resources.
Chapter 2
What is the Organizational environment?
The set of forces and conditions that operate beyond an organization’s boundaries but affect a manager’s ability to acquire and utilize resources.
Chapter 2
What is an open system?
A System that takes in resources from its external environment and converts them into good and services that are then sent back to that environment for purchase by customers.
Chapter 2
What is a closed system?
A system that is self-contained and thus not affected by changes occurring in its external environment.
Chapter 2
What is entropy?
The tendency of a closed system to lose its ability to control itself and thus to dissolve and disintegrate.