Exam 3: The Management Environment

How are the "Post-Millennials" likely to be different from previous generations?

Linden State University (Scenario) Marta is a dean at Linden State University, a school with an enrollment of almost 20,000 students. In her daily activities, Marta has to deal with problems that involve students, faculty, curriculum, budgets, and a variety of other things. -Marta wants to increase visibility for graduate programs in such areas as public health that are specialized for professionals who have already worked in their field for ten years or more. On which generation should she focus her efforts?

Environmental complexity refers to the number of components that an organization must deal with.

Which of the following contributed most to many companies becoming highly leveraged in the lead-up to the recent economic downturn in 2008?

A TV reality show program essentially puts out the same product episode after episode, year after year, with little change and few rivals. The show exists in a TV industry that has hundreds of different components to keep track of. Where does the show belong on the uncertainty matrix?

Which statement about the external environment and employment is true?

The Daily Recorder is trying to decide whether it will fire about 200 employees if things don't change in the near future. The paper is scheduling a meeting with the 200 employees. The employees want to include their own family members at the meeting. How should the paper respond?

The omnipotent view of management holds that good managerial decisions result in an organization's success.

An organization's founder has little influence on its culture.

A major cause of the shutdown of a BMW assembly plant in South Carolina in 2010 was a bank crisis in Iceland.

Which of the following is an internal stakeholder for the newspaper, The Daily Recorder?

The symbolic view of management holds that an organization's performance is based solely on the decisions of managers.

In a short essay, describe a real or fictional company that exists in cell 4 of the environmental uncertainty matrix.

The CEO of a major corporation experiences emotional problems and is treated for his condition by a psychiatrist. After being arrested and repeatedly behaving in bizarre and erratic ways, the company's board tries to oust the CEO but fails, so he remains in office. Following the failure to oust him from office, the CEO makes a series of brilliant decisions that vault the company into unprecedented success. Which of the following do the CEO's stakeholders have the most legitimate right to ask for?

Linden State University (Scenario) Marta is a dean at Linden State University, a school with an enrollment of almost 20,000 students. In her daily activities, Marta has to deal with problems that involve students, faculty, curriculum, budgets, and a variety of other things. -Marta is worried that the facilities at Linden State are not as up-to-date as they could be with respect to wi-fi access and the availability of classes on-demand using podcasts, social networking, and other digital advances. Which generation is likely to notice this deficiency the most?

According to the omnipotent view of management, American managers would not be blamed for the economic meltdown of 2008.

Linden State University (Scenario) Marta is a dean at Linden State University, a school with an enrollment of almost 20,000 students. In her daily activities, Marta has to deal with problems that involve students, faculty, curriculum, budgets, and a variety of other things. -Marta is currently focusing her efforts on fundraising. She sees this generation as the cohort on which to focus most of her attention.

The sociocultural component of the external environment of an organization includes trends and traditions, but not basic attitudes and values.

Organizational consistency is one of the foundations of long-term success.

The CEO of a major corporation experiences emotional problems and is treated for his condition by a psychiatrist. Shortly after he begins taking medication, the CEO is arrested for reckless driving and appears in the media making bizarre statements that sound misguided and bigoted. When questioned about his competence to lead, the CEO blames his troubles on his medication, then continues to behave erratically and make statements in "bad taste." Which of the following do the CEO's stakeholders have the most legitimate right to demand?