Internship Management Ii Retail

Consensus – The degree to which other people behave the same way as the actor.
Consideration – Behavior indicating that a manager trusts, respects, and cares about subordinates.
power distance – the degree to which societies accept the idea that inequalities in the power and the well-being of their citizens are due to differences in individuals' physical and intellectual capabilities and heritage.
Objectives of Performance – 1. to provide performance- related feedback to subordinates
2. to provide a basis for salary recommendations
3. to provide a basis for promotion, demotion, termination
4. to provide recommendation to help employees to improve performance deficiencies
FOM – Staffing – Recruiting, training and developing people who can contribute to the organised effort
to fail an exam – не сдать экзамен (провалить)
Span of Management – Number of subordinates a manager can effectively manage; also called span of management.
  Wal-Mart forces its suppliers to charge less due to the massive amount of products that it buys from them for its stores.  This is an example of
overpayment inequity – a person perceives that his or her own outcome-input ration is greater than the ratio of a referent
Defensive View – Only get involved if legally required
state withholding tax – the percentage deducted from an individual's paycheck to assist in funding government agencies within the state
Entrepreneur Role – The decisional role managers play when they adapt
themselves, their subordinates, and their units to change
five competitive forces – rivalry among competitors in the industry, bargaining powers for buyers, "" suppliers, potential entry of new competitors, power of firms with sub products
Top 3 mistakes managers make – 1 Insensitive to others
2 cold arrogant
3 betray trust
  Wаl-Mаrt fоrces its suppliers tо chаrge less due tо the massive amount of products that it buys from them for its stores.  This is an example of
Time-management Skills – The manager's ability to prioritize work, to work efficiently, and to delegate appropriately.
Final Consumer – Customer who purchases products in their finished firm.
Team Structure – uses permanent and temporary cross-functional teams to improve lateral relations
McClelland's learned Needs Theory – • Affiliation – to be liked and accepted
• Achievement – to accomplish challenging goals
• Power – to influence others
Needs vary from person to person and they are learned not innate

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