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Midterm

MGMT 1000 Study Guide - Midterm Guide: Vehicle Door, Product Differentiation, Blood Diamond


Department
Management
Course Code
MGMT 1000
Professor
Kathleen Rodenburg
Study Guide
Midterm

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MGMT*1000 Introduction to Business Fall 2016
1
MGMT Mid-Term Two
Chapters 3, 8, 9, 10, 11, and 12 plus lecture notes
Case Competition
How good people make tough decisions chapters 1, 2, and 8
Ethical Dilemma, on Nov. 30th @ 5:30 PM 34 hours to complete
Study from Lecture Notes:
Lecture Slides Oct 19th Kathleen Rodenburg
Structure of Today’s Organizations
How the formulated strategy is executed is determined by the organizational structure
Organizational Structure
specification of the jobs to be done and how they are related
each organization (profit, not-for-profit, and government) must develop a structure that meets its
specific needs
This chart also highlights the chain of command.
1. The corporate level is where top management directs overall strategy for the entire
organization.
2. The strategic business unit level is the level at which business unit managers set the direction
for their products and markets. A business unit refers to an organization (or a part of an
organization) that markets a set of related products to a clearly defined group of customers.

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MGMT*1000 Introduction to Business Fall 2016
2
3. The functional level is where groups of specialists create value for the organization. Often
called “departments,” examples of these function units are the finance, human resource
management or research and development units.
Marketing works at each of these levels to help the organization succeed.
Human Resources & Labour Relations
Define human resource management, discuss its strategic significance, and explain how
managers plan for human resources.
Roles and Responsibilities
1. Staffing a company,
2. Developing the capabilities of employees and managers.
3. Evaluating Performance
4. Attracting and Keeping skilled workers
Describe some of the key legal issues involved in hiring, compensating, and managing
workers in today’s workplace.
What is Human Resource Management?
HRM is the set of activities that are directed at attracting, developing, and maintaining an
effective workforce
Strategic importance- Effective organizational functioning requires human resources.
Human Resource Planning
Job Analysis
Job Analysis: detailed study of the duties of a specific job and the required
qualifications
Job Description Job Specification: skills, abilities, and credentials needed to do the job
-duties of the job
-working conditions
-tools and materials needed

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MGMT*1000 Introduction to Business Fall 2016
3
Human Resource Planning
Roles and Responsibilities:
1. Staffing the Organization
a) Internal Recruiting
b) External Recruiting
c) Internships
`
Job Analysis
detailed study of the duties of a specific job and the required
qualifications
Job Description
duties of the job
working conditions
tools and materials
needed
Job Specification
skills, abilities, and
credentials needed to do
the job
Application
Forms
Interviews
Behaviour-Based
Validation
Other
Techniques
Physical Exam Reference
Checks
Other
Techniques
Physical Exam Reference
Checks
Tests
Assessment center
Video assessment
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