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21 Cards in this Set
- Front
- Back
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Managerical skills #1. |
Technical skills: The ability to perform tasks in a specific discipline (suchas selling a product or developing swoftware) or departmnet |
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Managerical skills #2 |
Human relations skils: Include communication and motivation; they enable managers to work though and with people. Skills associated with leadership
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Managerical skills #3 |
Conceptual skills: Let the manager picture the organization as a whole and see the relationships amoung its various parts |
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Maslows Hierarcht of Human Needs |
Theory of motivation based on unmet human need from basic physiological needs to safety, social, adn estem needs to self-actualization needs |
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hierarchy of needs #1 |
Physiological: basic survival needs |
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hierarchy of needs #2 |
safety: The need to feel scure at work and at home |
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hierarchy of needs #3 |
Social: The need to feel loved, accepted, and part of the group |
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hierarchy of needs #4 |
Esteem:The need for recognition and acknowledgement from others |
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hierarchy of needs #5 |
Self-actualization: The need to develop to one's fullest potential |
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Herzberg’s Two-Factory Theory |
Job factors that can cause dissatisfaction if missing but that do not necessary motivte employees if increased |
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Equit Theory of Motivation |
Finding this fair balance serves to ensure a strong and produtive relationship is achieved with the employee, with the overall results beign contended |
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Expectancy theory of motivation |
Employee expecations are affect motivation. The amount of effort employees exert on a specific task depends on their expectations of the outcomes |
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Expectancy theory of motivation #1 |
Sole proprietorships: a business that is owned, and usually managed, by one person; it is the most common form |
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Expectancy theory of motivation #2 |
Partnerships: Is a legal form of business with two or more owners |
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Expectancy theory of motivation #3 |
Corporations: Is a legal entity with authority to act and have liability sepate from its owners |
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Horizontal merger |
The joining of two firms in the same industry |
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Vertical merger |
The joining of two companies involved in different stages of related businesses |
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Conglomerate: |
The joining of firms in completely unrelated industres |
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Traits of successfful entrepreneurs |
1. Self-directed 2. Self-nurturing 3. Action-oriented 4. Highly energetic 5. Tolerant of uncertainty |
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4 P's of marketing |
product Price Place Promotion |
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Market |
People with unsatisfied wnats and needs who have both the rescources and the willingness to buy |
