BUS_150_Jeopardy_Terms_2015_for Final Exam - Bus 150 Jeopardy Terms Management Scientific Management Division of labor Standardizatio n Specialization

BUS_150_Jeopardy_Terms_2015_for Final Exam - Bus 150...

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Bus 150 Jeopardy Terms Management Scientific Management The goal of this management theory is reduction in the cost of production activities by using division of labor, standardization and specialization. Frederick Taylor is known as the “Father of Scientific Management”. Division of labor The process of breaking difficult work into smaller tasks Standardizatio n The process of coordinating work efforts by providing employees with carefully planned standards and procedures that guide the performance of their tasks. Specialization The process of dividing work efforts in order to keep jobs from becoming so complex that they require a greater range of skills that essentially cannot be performed by one individual. Administrative Principles Theory The goal of this management theory is increased efficiency of administrative procedures. Bureaucracy An idealized description of an efficient organization based on clearly defined authority, formal recordkeeping and standardized procedures. Max Weber is known to be the “Father of bureaucracy”. Management The process of planning, organizing, directing and controlling organizational behaviors in order to accomplish a goal through the division of labor. Henri Fayol is considered the “Father of modern management thought.” Hawthorne Effect An individual’s behavior changes when workers are involved and management shows interest in their work Hawthorne studies An experiment where a group of 6 employees were segregated, their work environment was changed and they were monitored. Empowerment Providing employees with the skills and authority to make decisions that would traditionally be made by managers. Manager A person who is in charge of others and is responsible for the timely and correct execution of actions who promote his or her unit’s success. Span of control Refers to the number of individuals who report to a supervisor. Four functions of management Planning, organizing, directing and controlling Line employees An employee involved directly in producing the company’s goods or delivering the services. Exempt employees Employees who do not receive overtime compensation Non-exempt employees Employees who receive overtime compensation 1
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Strategic HR Human Resource Management Design of formal systems in an organization that ensure the effective and efficient use of human talent to accomplish organizational goals Human Resource Strategy A firm’s deliberate use of human resources to help it gain or maintain an edge against its competitors in the marketplace And The general approach an organization adopts to ensure that it effectively uses its people to accomplish its mission Strategic HR Planning The process of formulating HR strategies and establishing programs or tactics to implement those strategies Human Capital Combined knowledge, skills, and experience of a company’s employees Environmental challenges of HR Forces external to a firm that affect the firm’s performance but are beyond the control of management (ex. Legislation, globalization,
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  • Management, Organizational studies and human resource management

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