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EOPA MCurrie3

Entrepreneurship Pathway

QuestionAnswer
Three ways to foster a more ethical work environment ____ ____ ___ 1) Hire ethical employees 2) Publish codes of ethics 3) Ethics Training
Three traits common to leaders = 1) Drive to achieve 2) Motivated to lead 3) Integrity
What are the Hawthorne studies? Research was conducted with workers at Western Electric Company Researchers found that choosing their own coworkers, working as a group, being treated as special and having a sympathetic supervisor were reasons for increases in worker productivity
Define and explain cost leadership • company structure in which the reporting relationships are set up as a grid, or matrix, rather than in the traditional hierarchy. • Employees have dual reporting relationships - generally to both a functional manager and a product manager
One of the by-products of this study has demonstrated that an employee’s attitude toward a job matters and that a sense of participation in the organization matters Hawthorne Study
Managers with the functional title of directors or general managers are usually in the level of Middle Management
List the steps of the decision making process: Step 1: Identify the problem Step 2: Seek Information Step 3: Brainstorm Solutions Step 4: Choose Alternative Step 5: Implement Plan Step 6: Evaluate Outcome
Name the Leadership styles. Autocratic Leader, Democratic leadership, and Laissez-Fair Leader
Define and explain ethical dilemma Difference between right and wrong
Four elements of BCG Matrix – Stars, cash cows, question marks, dogs Star= (high growth, high market share) Cash Cow= (low growth, high market share) Question Mark= (high growth, low market share) Dog= (low growth, low market share)
Created by: miracle45
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