Essentials Of Contemporary Management 5th Ed (chapter 1)

team norms – unspoken rules that outline acceptable team behaviors and processes
Scientific management is considered – one of the most significant innovations influencing modern management.
elevator pitch – to induce immediate action
Disturbance handler – Responsible for corrective action when organization faces important, unexpected disturbances; Decisional
gainsharing – companies share the financial value of performance gains such as productivity in cost savings or quality improvements with their workers
process losses – o Because you are a group you make a worse decision than if an individual had done it alone
H – Annual carrying cost per unit
Discrepancy Model – Employees compare their real job to ideal job. Can be combined with facet model.
Inbound logistics include all activities associated with transforming inputs into the final product form such as machining, packaging, assembly, equipment, testing, printing, and facility operations.
External Control – Personal supervision, formal supervision.
partnership – an unincorporated business owned by two or more people
Incremental Budget – uses existing budget as a base and projects inflation, contract changes, restructuring, etc.
what is middle manager – implement the policies and plans of the top managers above them and supervise and coordinate the activities of the first-line managers below them
What 2 ways does the uniform partner ship act govern partnership? – 1. Must be owned by 2 or more people
2. Partnerships must share profits from the business
Path-goal theory – a theory of leadership suggesting that the primary functions of a leader are to make valued or desired rewards available in the workplace that will lead to those rewards
Internal Recruiting – Managers turn to existing employees to fill open positions
Inbоund lоgistics include аll аctivities аssоciated with transforming inputs into the final product form such as machining, packaging, assembly, equipment, testing, printing, and facility operations.
alderfers – existence( safety & physiological)
relatedness (belongingness)
growth (esteem & self actualization)
Decentralized Planning – top executives or planning experts work with mangers in major divisions or departments to develop their own goals and plans
Asch- – "Pressure to conform if there is not pressure. (EG. Comparing size of lines and the group disagree with your judgment.) (3%error and 32% error compliance)

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