Deck 19: Management Theory and Practice

Question 1

The business policy/strategy literature focuses primarily on how strategy is implemented rather than its formulation.

Answer 1

False

Question 2

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

Answer 2

False

Question 3

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

Answer 3

False

Question 4

Since the time of Adam Smith the separation of ownership and control has not caused any problems.

Question 5

Rosemary Stewart viewed the manager's job as consisting of demands, constraints, and choices.

Question 6

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

Question 7

Evidence-based management is not a new or novel idea. Henri Fayol was an early proponent when he wrote management principles should be tried and checked by general experience.

Question 8

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

Question 9

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

Question 10

"Actionable research" is the goal of management scholars.

Question 11

Ronald Coase would say that the firm, in most cases, is more efficient than the market in allocating resources because:

A) the firm can save marketing costs by internalizing operations.
B) the market depends on barter.
C) of limits that bound the area of rationality.
D) managerial decision making maximizes resource utilization.
E) none of the above.

Question 12

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

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 13

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

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 14

The phrase "management theory jungle" is identified with:

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

Question 15

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

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

Question 16

As the owners of the firm, the shareholders, became separated from those who managed the firm, the issue of _______ became important:

A) service leadership
B) institutional economics
C) corporate social flexibility
D) corporate governance
E) only a and b above

Question 17

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

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

Question 18

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

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

Question 19

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

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

Question 20

Your authors believe that ___ has become an international acronym:

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

Question 21

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.

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

Question 22

Peter Drucker felt that objectives should be set:

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 23

Originated the idea of MBO in the modern era.

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

Question 24

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

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

Question 25

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?

Question 26

According to Oliver Williamson, the move from markets to hierarchy (a firm) was based on two assumptions-bounded rationality and opportunism. What attributes of the firm make it superior to the market in dealing with these issues?

Question 27

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

Question 28

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?