Issues and Challenges in Management

Issues and Challenges in Management

Assessment

Flashcard

Created by

Syafiqah Nizam

Business

10th Grade

Hard

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133 questions

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1.

FLASHCARD

Front

What is organizational change?

Back

An approach to shifting individuals, teams, and organizations from a current state to a desired future state.

2.

FLASHCARD

Front

What are the five important trends in management today?

Back

Globalization, technology, sustainability and corporate social responsibility, the study of psychology, and business ecosystems.

3.

FLASHCARD

Front

How has globalization impacted global business?

Back

It has led to the melting of barriers among nations and increased interconnectedness, changing the world order.

4.

FLASHCARD

Front

What role does technology play in business today?

Back

It facilitates changes in business operations, including marketing, manufacturing, and distribution through real-time information systems.

5.

FLASHCARD

Front

What is corporate social responsibility (CSR)?

Back

The practice of companies engaging in initiatives that benefit society, such as environmental sustainability and social issues.

6.

FLASHCARD

Front

Why is the study of psychology important in management?

Back

It helps in understanding cognition, motivation, behavior, and performance, which are key to employee management and customer satisfaction.

7.

FLASHCARD

Front

What are business ecosystems?

Back

Groups of firms that provide complex products and services to meet end-to-end requirements of users across the value chain.

8.

FLASHCARD

Front

What challenges do managers face due to globalization?

Back

Increased foreign assignments, working with diverse cultures, and competition for resources.

9.

FLASHCARD

Front

What is workforce diversity?

Back

The inclusion of individuals from various backgrounds, including gender, race, ethnicity, and age, in the workplace.

10.

FLASHCARD

Front

How can diversity be an asset to a company?

Back

It brings a broad range of viewpoints and problem-solving skills, providing a competitive advantage.

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