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Key Concepts in Management, Leadership, and Organizational Planning

Discusses key concepts in management, leadership, and planning.

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    Key Concepts in Management, Leadership, and Organizational Planning The goal of planning is to Increase revenues, satisfy owner requirements, and successfully formulate course of action Effective planning will help an organization Save time Concerning effective planning, it can be said that failing to organize is planning to fail True Which of the following is NOT a step in the basic planning process Incorporating only known variables into the plan The first three stages of the formal planning process are Situational analysis, generation of alternative goals and plans, and evaluation of goals and plans Efficiency and effectiveness are incompatible goals that have a specified beginning and ending False The ___________is the reason that an organization exists Mission statement The second step of the Spendolini Benchmarking Model is None of the above The process by which an organization compares its performance against not only its competitors but also other high performing organization is referred to as Benchmarking Concentration, vertical integration, conglomerate diversification, and concentric diversification are all types of Strategy formulation Strategic plans that are made at mid - level of an organization are Tactical plans When a company adds new products or business that are unrelated to any of the organization's products, markets, or business, the organization is employing Conglomerate diversification Which of the following is NOT describe a well written policy Subjective Being in outside assessors, evaluating the team, performing risk analysis and implementing an early warning system are all st eps that a _______ manager would need to take Project Which of the following is true of Scenario planning? It is particularly useful for an organization attempting to mitigate risks in certain ventures Which of the following is NOT one of the five lessons managers should apply to better understand and control risk? Create a culture that insists on facing uncertainty Internal controls Can be classified as a prevenattive or dective and are use to indentify an error or irregularity The components of the internal control process are Control enviornement, risk assesment, control activties, information monitoring, communicating monitoring The third step is the MBO process Objectively viewing in the goals previously set Formal discipline can include Reprimand, suspension, termination Which of the following is involved in inventory management Forecasting and replishment activities Which of the following is NOT included Organizational When an organization organizes employees by compatable duties, the organization is said to have a Functional structure All of the following are advantages of a Matrix structure EXCEPT ? A central organization that works together with assorted independent companies as if they were a single operation is a Network structure Traditional organizational structures include Matrix, divisional, functional Which of the following is the major disadvantage of a Functional structure? None of the above In a highly centralized organization Decisions invovling the utilization of all resources are made at the upper managerial levels Which of the following characterized a leader? None of the above Which of the following characterizes a manager? Administers The three different aspects of leadership are The person, the position, the process

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