Essentials Of Contemporary Management 5th Ed (chapter 10)

Negotiation tips – 1) separate people from problem
2) focus on interests, not demands
3) generate many alternatives
4) base results on objective standards
What iscost approach – Value= cost
-calculation
-estimate land as though vacant
-add building reproduction cost as though new
– deduct depreciation from all sources
-THIS IS NOT WELL SUITED FOR MOST NEW BUILDINGS mainly used for older buildings or new special purpose buildings ( no comparable buildings)
-typically results in the highest valuewhem calculated on older property
Fraud – intentional deception or misrepresentation made by an individual or entity that person or entity knows to be false
Pay for performance – bases pay on one's results
fat – coats muscle tissue, cushions organs, deposited as marbling within the lean part of the muscle (more marbling = more tender)
Technical Skills – Skills that include mastery of specific equipment or following technical procedures.
temporary advantage – the idea competitive advantage is temporary and will be copied and surpassed
Extra Credit Question, Topic (0.5 points)   15) If a decision tree shows that the Expected Monetary Value of Alternative A is higher than the Expected Monetary Value of Alternative B, should you always choose Alternative A?  Why or why not?
stress – the adverse reaction people have to excessive pressure placed on them from extraordinary demands, constraints, or opportunities.
International Mail – mail sent to an address outside of the United States
Extrа Credit Questiоn, Tоpic (0.5 pоints)   15) If а decision tree shows thаt the Expected Monetary Value of Alternative A is higher than the Expected Monetary Value of Alternative B, should you always choose Alternative A?  Why or why not?
What are external blogs and Twitter sites and what can they do for a company? – (micro blogs where entries are limited to 140 characters), written by people outside the company, can be a good way to find out what others are saying or thinking about your organization or its products or actions.
ERP – enterprise resource planning
integrates and optimizes all the various business processes
Conversion Stage – Includes Machinery, Computers, and Human Skills. Transformed inputs that have had value added to them.
**MCCALL/ LOMBARDO MANAGEMENT MISTAKES – 1. intensive to others
2. cold, aloof, arrogant
3. betrayal of trust
4. overly ambitious
5. specific performance problems with business
6. over managing and can't delegate
7. unable to staff effectively
8. unable to think strategically
9. unable to adapt boss with different style
10. overdependent on advocate/ mentor

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply