MGT 301: Midterm Exam Questions

MGT 301 Midterm Exam

The Midterm Exam questions come from Modules 1-4. You should plan to take 2 hours to complete the exam. The exam is essay. Each answer is worth 20 points for a total of 100 points. Type your responses in this document and submit to the Dropbox by Sunday 11:59 PM EST/EDT. (This Dropbox basket is linked to Turnitin.) To see how your responses will be graded, review the “Midterm and Final Exam Grading Rubric” in Doc Sharing.

1. A re-organization will require that some employees are provided severance packages while other reassigned. What interpersonal managerial roles developed by Mintzberg will a manager confronted with this employ? Explain.

The interpersonal managerial roles that will confront a manager are figurehead,
I think that a manager can accomplish more productivity in the workplace by making job satisfaction a priority. If someone is satisfied in their job then they are more likely to be productive. A manager can make the job more satisfying by making work challenging and interesting. Simple stuff such as introducing the latest software for office tasks or having an employee challenge of who can make the most sales in a week etc. can all help. A manager can also provide a reward system for employees that do well at work. Another thing a manager can do is create a supportive work environment for employees where they can ask for help or raise concerns without fear or prejudice. I think that all these factors will raise job satisfaction and as a result reduce the turnover rate, absenteeism and create a more productive workplace. These results would be long term because old employees would stay in the job longer and new employees would appreciate the work
American car companies can utilize a cost leadership strategy, a differentiation strategy and also a focus strategy. I think that American companies can utilize the cost leadership strategy by reducing overhead expenses and translating some of those savings into the final price of the cars. Another portion of those savings can be used towards innovation or inventing something that gives American companies an advantage such as a more powerful engine, better handling etc. One of the things that really shocked me during the financial collapse was how much the CEO and board members of these car companies were making. American car companies can also use a differentiation strategy to become competitive. American car companies can utilize every sub category under differentiation strategy such as innovation, better customer service at its dealerships, innovative designs, technological capabilities etc. A differentiation strategy coupled with a cost leadership strategy would make American car companies competitive. The last competitive strategy is a focus strategy. This is where these car companies focus on one segment. A segment can be a geographical location, customer type etc. I think a focus strategy can help these companies market their cars to specific demographics, different financial classes, different countries etc. With a differentiation implementation of maybe new