Business Fundamentals at Hochschule RheinMain | Flashcards & Summaries

Lernmaterialien für Business Fundamentals an der Hochschule RheinMain

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TESTE DEIN WISSEN

Which cultures prefer Theory Y?

(participative leadership)

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TESTE DEIN WISSEN

Horizontal cultures

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TESTE DEIN WISSEN

Name 4 stakeholders

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TESTE DEIN WISSEN
  • owners (=stockholders)
  • managers
  • employees
  • customers
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TESTE DEIN WISSEN

Which Business Environment Layer does the Pestel analysis describe?

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TESTE DEIN WISSEN

outermost layer

-> macro environment

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TESTE DEIN WISSEN

What are the 5 steps in controlling as manager?

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Evaluating and correcting activities by:

1. Measuring performance

2. Comparing performance with standards

3. Identifying deviations from standards

4. investigating causes of deviations

5. Taking corrective action

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TESTE DEIN WISSEN

Name and briefly explain the 4 main leadership styles.

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  • authoritarian leader makes all decisions, no employee input
  • participative leader gets input, explains decisions
  • democratic leader shares decision-making
  • laissez-faire (aka delegating) little interference with employees
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TESTE DEIN WISSEN

Differeciate Theory X and Theory Y.

Which leadership style fits each theory?

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Theory X:

employees dislike work and must be closely supervised to get them to do their work.

-> Authoritarian style


Theory Y:

employees like to work and do not need to be closely supervised to get them to do their work

-> Participative style


*according to McGregor, it's a self-fulfilling prophecy

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TESTE DEIN WISSEN

Which cultures prefer Theory X?

(authoritarian leadership)

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TESTE DEIN WISSEN

Hierarchical cultures

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TESTE DEIN WISSEN

What goal does caring leadership have?

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TESTE DEIN WISSEN

to be admired

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What does PESTEL stand for?

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TESTE DEIN WISSEN

Political

Economic

Sociocultural

Technological

Environmental

Legal

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TESTE DEIN WISSEN

Name the five management functions.

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  1. Planning activities to achieve the organisation's objectives
  2. Organising resources and activities (jobs, departments, responsibilities)
  3. Staffing the organisation with qualified people
  4. Leading employees' activities
  5. Controlling the organisation's activities to keep it on course
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TESTE DEIN WISSEN

What is a strategy?

What does it aim to do?

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TESTE DEIN WISSEN

A company's long term direction to achieve competitive advantage in a changing environment


aims to fulfil stakeholder expectations (by configuring resources and competencies)

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TESTE DEIN WISSEN

Name the 4 Business Environment Layers.

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TESTE DEIN WISSEN

(starting from center)

  • organisation
  • competitors market
  • industry (sector)
  • macro environment


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Q:

Which cultures prefer Theory Y?

(participative leadership)

A:

Horizontal cultures

Q:

Name 4 stakeholders

A:
  • owners (=stockholders)
  • managers
  • employees
  • customers
Q:

Which Business Environment Layer does the Pestel analysis describe?

A:

outermost layer

-> macro environment

Q:

What are the 5 steps in controlling as manager?

A:

Evaluating and correcting activities by:

1. Measuring performance

2. Comparing performance with standards

3. Identifying deviations from standards

4. investigating causes of deviations

5. Taking corrective action

Q:

Name and briefly explain the 4 main leadership styles.

A:
  • authoritarian leader makes all decisions, no employee input
  • participative leader gets input, explains decisions
  • democratic leader shares decision-making
  • laissez-faire (aka delegating) little interference with employees
Mehr Karteikarten anzeigen
Q:

Differeciate Theory X and Theory Y.

Which leadership style fits each theory?

A:

Theory X:

employees dislike work and must be closely supervised to get them to do their work.

-> Authoritarian style


Theory Y:

employees like to work and do not need to be closely supervised to get them to do their work

-> Participative style


*according to McGregor, it's a self-fulfilling prophecy

Q:

Which cultures prefer Theory X?

(authoritarian leadership)

A:

Hierarchical cultures

Q:

What goal does caring leadership have?

A:

to be admired

Q:

What does PESTEL stand for?

A:

Political

Economic

Sociocultural

Technological

Environmental

Legal

Q:

Name the five management functions.

A:
  1. Planning activities to achieve the organisation's objectives
  2. Organising resources and activities (jobs, departments, responsibilities)
  3. Staffing the organisation with qualified people
  4. Leading employees' activities
  5. Controlling the organisation's activities to keep it on course
Q:

What is a strategy?

What does it aim to do?

A:

A company's long term direction to achieve competitive advantage in a changing environment


aims to fulfil stakeholder expectations (by configuring resources and competencies)

Q:

Name the 4 Business Environment Layers.

A:

(starting from center)

  • organisation
  • competitors market
  • industry (sector)
  • macro environment


Business Fundamentals

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