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Summary Contemporary Management 11e, ISBN: 9781260565737 Principles of management $10.50   Add to cart

Summary

Summary Contemporary Management 11e, ISBN: 9781260565737 Principles of management

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This is a full summary of the Contemporary Management book, all chapters from 1 to 18. Everything I found important is highlighted in colors and sorted in lists.

Preview 4 out of 84  pages

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  • February 3, 2021
  • 84
  • 2020/2021
  • Summary
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Available practice questions

Flashcards 60 Flashcards
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Some examples from this set of practice questions

1.

Organizations are:

Answer: Collections, groups of people working together and coordinating their actions to achieve common goals or desired future outcomes.

2.

Effectiveness is?

Answer: It is a measure of how appropriate are the goals managers have selected for the company

3.

Controlling is?

Answer: Evaluating how well an organization is achieving its goals and taking action to maintain or improve performance.

4.

Spokesperson managerial role

Answer: Spokesperson launches national marketing campaigns to promote new goods and services, informs local communities about future intentions of the organization.

5.

Competitive advantage

Answer: A factor that allows companies to outperform their competition.

6.

Empowerment

Answer: Management technique that involves giving employees more authority and responsibility over how they perform their job.

7.

Hawthorne effect

Answer: Manager’s behavior and leadership approach can affect the level of performance.

8.

Open system

Answer: A system that takes in resources from it’s external environment and converts or transforms them into goods and services that are sent back to that environment, where they are bought by customers.

9.

Locus of control

Answer: Belief about how much control people have over what happens to or around them.

10.

Ethical dilemma

Answer: Quandary people find themselves in when they have to decide if they should act in a way that might help another person or group, even if that might go against their own self-interest.

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