Economics Test Notes

Topics: Management, Knowledge management, Middle management Pages: 14 (8637 words) Published: October 31, 2014
Introduction 1. The themes of the day for great organizations in the New Economy are Participation, Respect, Tradition, Involvement, Self-management Self-management, Involvement, Respect, Participation, Teamwork, Empowerment Involvement, Respect, Self-management, Teamwork, Shareholder value Respect, Involvement, Participation, Self-management, Control Self-management, Participation, Teamwork, Respect, Action Ans B Response Page 4 Difficulty Moderate AACSB Environmental InfluenceBlooms Taxonomy Comprehension Learning About Yourself 2. The Open Area of the Johari Window provides what is known to ourselves as well as what is known to others. Ans True Response Page 3 Difficulty Easy AACSB Individual DynamicsBlooms Taxonomy Knowledge 3. The Johari Window provides us with insights of what we know about ourselves and what is known by others about us but does not consider the unknowns about us. Ans False Response Page 3 Difficulty Moderate AACSB Individual DynamicsBlooms Taxonomy Comprehension 4. Self-Awareness helps us build on strengths helps overcome weaknesses helps us avoid tendencies toward self-enhancement is easy to talk about but hard to master All of the above Ans E Response Page 3 Difficulty Easy AACSB Individual DynamicsBlooms Taxonomy Knowledge 5. According to the Johari Window, the Blind Spot, The Unknown and Hidden Self Challenge our willingness and capacities for self-discovery Represent perceptions of ourselves Represent the perceptions others have of us Provide only what is known to others None of the above Ans A Response Page 3 Difficulty Moderate AACSB Individual DynamicsBlooms Taxonomy Comprehension Working Today 6.Explain why people, an organizations employees, are considered an invaluable asset. AnsPeople and their talents what they know, what they learn, and what they do with itare the ultimate foundations of organizational performance. They represent what managers call intellectual capital, the collective brainpower or shared knowledge of a workforce that can be used to create value. Indeed, the ultimate elegance of any organization is its ability to combine the talents of many people, sometimes thousands of them, to achieve unique and significant results. Response Page 4-5 Difficulty Easy Ref Working Today AACSB Individual DynamicsBlooms Taxonomy Analysis 7.Describe the various challenges managers must face in the 21st century workplace. To what extent are you, as a future manager, prepared to meet each of these challenges Explain your answer. AnsThe challenges that managers must face in the 21st century work environment include the following Intellectual capital ( intellectual capital and knowledge workers increasingly drive organizations since knowledge constantly becomes obsolete, everyone is under pressure to learn and continually apply new knowledge. Globalization ( economic competitiveness is a challenge of worldwide scope. Technology ( the availability and ease of transferring information is affecting organizational work environments and the very nature of business itself. Diversity ( organizations and their members are being challenged to deal positively with differences among people meeting this challenge creates strategic opportunity. Ethics ( modern society expects managers and leaders in all organizations to conduct their affairs according to high moral standards. Careers ( careers will be different and everyone must be concerned with developing their skill portfolios to remain valuable resources to organizations Each student should assess his/her own level of competency with respect to dealing with these challenges, as well as why he/she is/isnt prepared to meet these challenges. Response Page 5-9 Difficulty Moderate Ref Working Today AACSB Individual DynamicsBlooms Taxonomy Synthesis 8.An employees talents are what they know, what they learn, and what they do with it. Ans True Response Page 4 Difficulty Moderate AACSB Individual DynamicsBlooms Taxonomy...
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