Questions and Answers of Principles Of Management

Define motivation and distinguish direction and intensity of motivation.
In the 1980s, Walmart had killed (or was killing) the mom-and-pop store. "Buy local" signs were seen, urging consumers to buy from their local retailers rather than from the low-cost behemoth.
Typically, the day after Thanksgiving (Black Friday) marks the beginning of the holiday shopping season in the United States. Holiday sales, typically defined as sales occurring in November and
You are managing a small manufacturing operation that involved the final assembly of Children sippy cups. There are two components to the sippy cup: the cup, a lid, and a straw as well as the box
Explain the individual and organizational effects associated with goal setting and planning.
How do organizations develop technology and innovation?
What are the four areas that need to be managed by the firm if it is going to take advantage of the technology it has and the technology it needs to create?
Come up with 50 alternative uses for the following products: day-old newspapers, old television sets, ballpoint pens, used Dixie cups. Share your results with other students as see if that develops
You are a sales manager and know that technologies like automation, robotics, artificial intelligence, and the Internet of things are changing the way that you use and interact with the products that
What are external sources of technology and innovation development, and when are they best used?
What are the five Cs of managing innovation, and how do they help direct a firm’s innovation activities?
Think of the best experience you have had using a smartphone app (e.g., banking, rideshare, etc.) and a bad experience that could be improved through an app. Describe the features and functionality
In October 2015, Google restructured into Alphabet, a holding company, which analysts said would facilitate innovation among its diverse subsidiaries. What are the benefits and risks of this
What are internal sources of technology and innovation development, and when are they best used?
How does an organization enhance its agility? When is more agility needed in the firm?
How and why do entrepreneurs need to develop MTI skills?
Compare and contrast the advantages and disadvantages of the three approaches for technology and innovation development.
No matter what method is used, what skills do you need to successfully manage technology and innovation?
What circumstances indicate a firm should consider an external process for developing/acquiring technology?
How do you look into the future to keep pace?
How does a firm determine the type of external process for developing/acquiring technology it should pursue?
What are the benefits of using internal sources for developing new technologies, products, and/or processes? What are the potential disadvantages?
How does an entrepreneurial firm identify and utilize a value proposition?
How does knowledge management impact the management of technology and innovation?
Followship is critical to MTI—how does the quality of followship in the organization impact the ability of leadership to create value?
How does the management of technology and innovation help a firm create value? Why should the firm strive to have a unique value proposition?
Describe a content theory of motivation.
Describe the process theories of motivation, and compare and contrast the main process theories of motivation: operant conditioning theory, equity theory, goal theory, and expectancy theory.
Describe the modern advancements in the study of human motivation.
Your company is considering implementing a 360° appraisal system where up to 10 people in the organization provide feedback on every employee as part of the annual performance appraisal process.
What is a team, and what makes a team effective?
How do teams develop over time?
What are some key considerations in managing teams?
What are the benefits of conflict for a team?
How does team diversity enhance decision-making and problem-solving?
What are some challenges and best practices for managing and working with multicultural teams?
Know the types of communications that occur in organizations.
Understand how power, status, purpose, and interpersonal skills affect communications in organizations.
Describe how corporate reputations are defined by how an organization communicates to its stakeholders.
Know why talking, listening, reading, and writing are vital to managing effectively.
Understand the importance of planning and why organizations need to plan and control.
Use the tools described in this chapter to write a plan that will help you set goals, plans on how to achieve them (e.g., achieve an A average in all of my core concentration courses and A- in all
You are a manager, and your direct report is complaining about not being involved in the planning process. How do you respond?
Outline the planning and controlling processes.
You are a sales manager and have reviewed the monthly sales goals and conclude that the targets can’t be achieved without additional hires or paying employees overtime to secure additional orders.
Identify different types of plans and control systems employed by organizations.
You and another student will engage in a role-play exercise. One will be the manager, and one will be an employee who is not happy with the aggressive goals that he has been given. After a 10-minute
Understand how planning occurs in today’s organizations.
Discuss the impact that control has on organizational members.
Describe management by objectives as a philosophy and as a management tool/technique; describe its effects.
Differentiate between the execution of the planning and controlling activities under control- and involvement-oriented management practices.
What do we mean by management of technology and innovation (MTI), and why is it crucial?
How do we define technology and innovation, and how are they related?
Each of the following statements is a goal or objective, but it is not expressed very clearly. Rewrite each statement as a SMART goal, and be ready to explain what you had to change to make it
You are the CEO of a company that produces high-end laptops for gaming. You have heard that there is interest in your product from international customers. You need to decide how to enter the
Based on the reading in this chapter, defend or attack this statement that would be stated by a direct report:Management is unethical because it is about manipulating workers.
You have recently completed a leadership development program, and your company has given you a retail store to manage. The employees at your store are diverse in terms of age, race, gender, and
Interface, Inc. is the world's largest manufacturer of carpet tile. Headquartered in Atlanta, Georgia, the global company manufactures the kind of carpet that millions of commercial buildings of all
What is the difference between a firm’s vision and its mission?
Describe the three levels of strategy and what a manager developing strategy at each level is concerned with.
You have probably experienced a situation in which you were not happy with the service you received as a customer of a business. Put yourself in the shoes of the manager of a business, and think
Entrepreneurs must be strategic thinkers in order to develop the plans and objectives necessary to start a business that will last. Imagine you are starting a new music-streaming service. You have
Why is strategic analysis important to strategy formulation?
Give an example for why a firm would pursue each of the three grand strategies.
Your company is interesting in exploring international expansion into Africa. Visit the African Union’s website at https://au.int/en/. What are some of the countries included in the African Union?
Why is an understanding of cultural stereotyping important, and what can students do to prepare for cultural stereotyping by looking at social institutions?
How is the GLOBE project different from the Hofstede project of cultural dimensions? What are the main findings of the study?
Your company is interested in exploring investments in several sectors in Zimbabwe. Because of political instability, you are obviously very reluctant given the risks of doing business in that
What steps can you take to be better prepared for cross-cultural assignments?
What are country clusters? Pick any three clusters and discuss some of the leadership preferences for each cluster.
You will be sending one of your employees to several new countries for short-term assignments. You need to decide between low-rigor cross-cultural training and high-rigor cross-cultural training.
What are the main strategies that companies can use to go international?
Compare and contrast low-rigor versus high-rigor cross-cultural training. Provide some examples of each type of training.
Why might it be necessary for a company to go international, and how might it accomplish this goal?
What is predeparture cross-cultural training? What is postarrival cross-cultural training? Which method works best and why?
What is a global strategy? When do companies prefer a global strategy?
Compare and contrast a global, regional, and local strategy. Discuss some advantages and disadvantages of each method.
What are the various means available to companies to go international? When is an exporting strategy most appropriate?
Why do people become entrepreneurs, and what are the different types of entrepreneurs?
What are the differences between classic, multipreneurs, and intrapreneurs?
Vic Ahmed is no stranger to business start-ups; he’s been involved in at least 15 or 20. But his latest venture is a start-up … for start-ups. Ahmed founded Innovation Pavilion, a business
What characteristics do successful entrepreneurs share?
What are the first steps to take if you are starting your own business?
Why does managing a small business present special challenges for the owner?
What are the advantages and disadvantages facing owners of small businesses?
How does the Small Business Administration help small businesses?
What trends are shaping entrepreneurship and small-business ownership?
What is strategic analysis, and why do firms need to analyze their competitive environment?
Elon Musk cofounded Tesla in 2003 with the vision of making electric cars that could rival, and even replace, traditional gas-engine cars in the consumer marketplace. At the start of the 21st
Why do managers use strategic analysis?
Assume that you have been hired by a local small-business consulting firm. You have been asked by your boss to review a proposal from a client who is considering opening a new Pilates and yoga studio
Select three different businesses from different industries, such as a hospitality business (hotel, restaurant, fitness center), a manufacturing company, and a not-for-profit business. Perform a SWOT
What is a SWOT analysis, and what can it reveal about a firm?
What information does a SWOT analysis provide managers? What information might it miss?
Your instructor may assign you to a small group, and you will receive either a "Team A" or "Team B" assignment. Team A groups will need to meet for 15 minutes in a face-to-face setting, while Team B
Perform a quick PESTEL analysis of the companies listed below. What is the largest risk for each of the Chapter 8 Strategic Analysis: Understanding a Firm’s Competitive Environment 275 companies?
What makes up a firm’s external macro environment, and what tools do strategists use to understand it?
Describe a firm’s macro environment and how managers use PESTEL to understand it.
Set up an interview with a manager at a local business who is involved in the strategic planning process at her company. Ask her what type of planning she is involved in (strategic, operational).
Technology has the ability to disrupt industries. You are involved in an industry that is undergoing change and disruption by taking this class. The traditional textbook industry is being disrupted

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