MGMT 303 Midterm Exam - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/MGMT-303-Midterm-Exam-Latest-709044433.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Question 1.1. (TCO 1) One example of a firm studying its ____ is an annual assessment of the labor supply available to the company. (Points : 5) organizational culture internal environment external environment organizational mission Question 2.2. (TCO 2) Various social networks have enabled people to stay in contact with each other. It also hurts relationships when too much information is shared. This reflects the _____ element of the …show more content…
When the opportunity is due to a change by altering the types and quantities of products and services desired and cutomers' buying power, this is _______. (Points : 5) industry and market structure changes. demographics changes. perception change. the unexpected or unanticipated change. none of the above. Question 7.7. (TCO 1) Mintzberg studied managerial roles and created a model with managerial roles. What are those roles? What does each role require? (Points : 10) According to our text, Henry Mintzberg created three managerial roles. These roles include interpersonal, information, and decisions roles. The interpersonal role requires a figurehead, leader, and a liaison. Informational roles require monitor, disseminator, and a spokesperson. Or in other words, informational roles involve "collecting, receiving, and disseminating information" (Pg 11). Decision roles need an entrepreneur, disturbance handler, resource allocator, and negotiators. According to Mintzberg, decisional roles should involve thinking and doing. Question 8.8. (TCO 2) Explain the differences between global sourcing, strategic alliance, and foreign subsidiary. (Points : 10) According to our textbook, global sourcing is the practice of purchasing goods and services from the around the world wherever it is least costly (Pg 82). A strategic alliance is a partnership between two entities in which they both share their
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Since Fayol left his general manager office, separated management from business operation and studied it, management has become an independent subject. A number of academics and entrepreneurs are desirous to find what management is and how to be a successful manager. Therefore, through varied approaches, many different views about management has been appearing such as Fayol’s function theory (1949) which based on his owe managing experience and Mintzberg’s 10 roles theory (1973) which came from observing five chief-executive officers. Furthermore, Mintzberg regarded Fayol’s theory as “folklore”. It seems that Fayol’s theory has been made redundant by Mintzberg’s study. The purpose of this paper, however, is to present that
?Global sourcing is practiced by big corporations as they have the need and leverage to gain competitiveness from global sourcing and also the facilities around the globe to enable them to apply the process. They are usually contractually bound to other large corporations who have the ability to supply products to the globally located sites of the multinational purchaser? (Peter Baily et al 2015)
MANAGERIAL ROLES APPROACH AND THE PROMINENT STUDY OF HENRY MINTZBERG AND SOME EMPIRICAL STUDIES UPON THE PRINCIPALS WORK