Question 1

Originated the idea of MBO in the modern era.

Accepted Answer

A)  Frederick Fiedler 
B)  Harold Koontz 
C)  Peter Drucker 
D)  Rensis Likert 
E)  Rosemary Stewart 
A)  Frederick Fiedler 
B)  Harold Koontz 
C)  Peter Drucker 
D)  Rensis Likert 
E)  Rosemary Stewart C

Question 2

Henri Fayol's description of the manager's job has been a continuing influence in studies of multinational enterprise.

Accepted Answer

A) True 
 B)False  False

Question 3

What is the resource based view of the firm? What is the knowledge based view of the firm? Where did these views originate and how did they influence the history of strategic management?

Accepted Answer

The resource based view (RBV) of the firm is a theory that suggests that a firm's competitive advantage and performance is driven by its unique resources and capabilities. This view emphasizes the importance of tangible and intangible resources such as physical assets, human capital, knowledge, and organizational capabilities in achieving sustainable competitive advantage.

On the other hand, the knowledge based view (KBV) of the firm focuses on the role of knowledge and learning in creating and sustaining competitive advantage. This perspective suggests that knowledge is a key strategic resource and that firms that are able to effectively create, acquire, and transfer knowledge will be better positioned to compete in the market.

The resource based view originated in the 1980s and 1990s, with scholars such as Jay Barney and Birger Wernerfelt contributing to its development. The knowledge based view emerged in the 1990s, with researchers like Ikujiro Nonaka and Hirotaka Takeuchi being key figures in its development.

These views have had a significant impact on the history of strategic management. Prior to their emergence, strategic management was largely focused on external environmental factors and industry structure. The RBV and KBV shifted the focus to internal resources and capabilities, leading to a greater emphasis on building and leveraging unique and valuable assets. This shift has led to a more nuanced understanding of competitive advantage and has influenced strategic decision-making in organizations across industries. Organizations now place a greater emphasis on developing and leveraging their unique resources and knowledge to gain and sustain a competitive edge in the market.

Question 4

"motivates the manager to action not because somebody tells him to do something... but because the objective needs of his task demand it."

Accepted Answer

A)  management by objectives 
B)  system 5 management 
C)  task based forecasting 
D)  job enrichment 
E)  organizational objectives management 
A)  management by objectives 
B)  system 5 management 
C)  task based forecasting 
D)  job enrichment 
E)  organizational objectives management

Question 5

Which of the following was (were) not included in Rosemary Stewart's view of the manager's job:

Accepted Answer

A)  choices. 
B)  demands. 
C)  agendas. 
D)  constraints. 
E)  both and above were not included. 
A)  choices. 
B)  demands. 
C)  agendas. 
D)  constraints. 
E)  both and above were not included.

Question 6

Your authors believe that ___ has become an international acronym:

Accepted Answer

A)  MBA 
B)  PDQ 
C)  MBO 
D)  PPBS 
E)  None of the above. 
A)  MBA 
B)  PDQ 
C)  MBO 
D)  PPBS 
E)  None of the above.

Question 7

Peter Drucker felt that objectives should be set:

Accepted Answer

A)  in any area where the results were vital to organizational performance. 
B)  only in areas where results could be quantified and measured. 
C)  for each managerial function as defined by Henri Fayol. 
D)  all of the above 
E)  only b and c 
A)  in any area where the results were vital to organizational performance. 
B)  only in areas where results could be quantified and measured. 
C)  for each managerial function as defined by Henri Fayol. 
D)  all of the above 
E)  only b and c

Question 8

Edwin Locke and Gary Latham's "goal-setting theory" of motivation has been used as an example of evidence-based management.

Accepted Answer

A) True 
 B)False

Question 9

According to_______ , organizations needed to innovate by finding new or better products, creating new customers or new uses for products, or producing, distributing, and serving the market in a more competitive way.

Accepted Answer

A)  Joan Woodward 
B)  Harold Koontz 
C)  Muzafer Sherif 
D)  Robert Gordon and James Howell 
E)  none of the above 
A)  Joan Woodward 
B)  Harold Koontz 
C)  Muzafer Sherif 
D)  Robert Gordon and James Howell 
E)  none of the above

Question 10

In the book The Practice of Management, _________ established the basic conceptual framework for the business policy/strategy field:

Accepted Answer

A)  Henri Fayol 
B)  Peter Drucker 
C)  R.C. Davis 
D)  Henry Mintzberg 
E)  William Newman 
A)  Henri Fayol 
B)  Peter Drucker 
C)  R.C. Davis 
D)  Henry Mintzberg 
E)  William Newman

Question 11

Examine the studies of managerial work in other nations. Are there more recent studies? Do these support the idea there are some widely accepted management practices in all organizations?

Accepted Answer

Yes, there have been more recent studies

Question 12

The phrase "management theory jungle" is identified with:

Accepted Answer

A)  Harold Koontz 
B)  Peter Drucker 
C)  Henri Fayol 
D)  Henry Mintzberg 
E)  Rosemary Stewart 
A)  Harold Koontz 
B)  Peter Drucker 
C)  Henri Fayol 
D)  Henry Mintzberg 
E)  Rosemary Stewart

Question 13

Evidence-based management means translating principles based on the best evidence into organizational practices.

Accepted Answer

A) True 
 B)False

Question 14

The United States of America has led the world in international business education since the Wharton School was established in 1881.

Accepted Answer

A) True 
 B)False

Question 15

The theory-practice divide is believed to be caused by:

Accepted Answer

A)  the academic reward system 
B)  too much emphasis on "hard" management skills 
C)  professors who have not been practitioners 
D)  the tradition of academic freedom 
E)  all of the above 
A)  the academic reward system 
B)  too much emphasis on "hard" management skills 
C)  professors who have not been practitioners 
D)  the tradition of academic freedom 
E)  all of the above

Question 16

Opportunistic behavior in organizations, that is, "self-interest seeking with guile," can be mitigated by:

Accepted Answer

A)  carefully formulated strategic plans. 
B)  monitoring mechanisms during and after performance. 
C)  following Theory Y. 
D)  well developed information systems. 
E)  none of the above. 
A)  carefully formulated strategic plans. 
B)  monitoring mechanisms during and after performance. 
C)  following Theory Y. 
D)  well developed information systems. 
E)  none of the above.

Question 17

Which of the following would not be one of Henry Mintzberg's managerial roles?

Accepted Answer

A)  Interpersonal 
B)  Informational 
C)  Behavioral 
D)  Decisional 
A)  Interpersonal 
B)  Informational 
C)  Behavioral 
D)  Decisional

Question 18

The separation of ownership and control produced a number of critics of managerial practices. Summarize these and offer some possible solutions.

Accepted Answer

The separation of ownership and control

Question 19

Practicing human resource managers have found academic research to be of substantial value.

Accepted Answer

A) True 
 B)False

Question 20

In explaining why firms are different, Edith Penrose attributed this to:

Accepted Answer

A)  which firm was better at reducing transaction costs. 
B)  the heterogeneity of the firm's resources. 
C)  the potential that existed in knowledge within the firm to extend its capabilities. 
D)  the firm's effectiveness in formulating generic strategies. 
E)  only b and c above 
A)  which firm was better at reducing transaction costs. 
B)  the heterogeneity of the firm's resources. 
C)  the potential that existed in knowledge within the firm to extend its capabilities. 
D)  the firm's effectiveness in formulating generic strategies. 
E)  only b and c above

Exam 19: Management Theory and Practice

Originated the idea of MBO in the modern era.

Henri Fayol's description of the manager's job has been a continuing influence in studies of multinational enterprise.

What is the resource based view of the firm? What is the knowledge based view of the firm? Where did these views originate and how did they influence the history of strategic management?

"motivates the manager to action not because somebody tells him to do something... but because the objective needs of his task demand it."

Which of the following was (were) not included in Rosemary Stewart's view of the manager's job:

Your authors believe that ___ has become an international acronym:

Peter Drucker felt that objectives should be set:

Edwin Locke and Gary Latham's "goal-setting theory" of motivation has been used as an example of evidence-based management.

According to_______ , organizations needed to innovate by finding new or better products, creating new customers or new uses for products, or producing, distributing, and serving the market in a more competitive way.

In the book The Practice of Management, _________ established the basic conceptual framework for the business policy/strategy field:

Examine the studies of managerial work in other nations. Are there more recent studies? Do these support the idea there are some widely accepted management practices in all organizations?

The phrase "management theory jungle" is identified with:

Evidence-based management means translating principles based on the best evidence into organizational practices.

The United States of America has led the world in international business education since the Wharton School was established in 1881.

The theory-practice divide is believed to be caused by:

Opportunistic behavior in organizations, that is, "self-interest seeking with guile," can be mitigated by:

Which of the following would not be one of Henry Mintzberg's managerial roles?

The separation of ownership and control produced a number of critics of managerial practices. Summarize these and offer some possible solutions.

Practicing human resource managers have found academic research to be of substantial value.

In explaining why firms are different, Edith Penrose attributed this to:

A Prologue to the Past

Management Before Industrialization

The Industrial Revolution: Challenges and Perspective

Management Pioneers in the Early Factory

The Industrial Revolution in the United States

Industrial Growth and Systematic Management

The Advent of Scientific Management

Spreading the Gospel of Efficiency

The Human Factor: Preparing the Way

The Emergence of Management and Organization Theory

Scientific Management in Theory and Practice

Scientific Management in Retrospect

The Hawthorne Studies

The Search for Organizational Integration

People and Organizations

Organizations and People

Human Relations in Theory and Practice

The Social Person Era in Retrospect

Organizational Behavior and Organization Theory

Science and Systems in an Information Age

Obligations and Opportunities

Filters