Business Administration 2023

Robert McNamara and Charles "Tex" Thornton joined Ford Motor Company in the mid-1940s and immediately began using statistical methods and quantitative models to improve decision making. Explain how today's managers use quantitative approaches for assessing the environment and allocating the resources?

Planning is often called the primary management function because it establishes the basis for all the other things managers do as they organize, lead, and control. Explain what role a) environmental scanning and; b) digital tools play in effective planning and how it reduces management errors?

Environmental uncertainty is one of the contingency factors that affects the types of plans managers develop. What are the causes of dynamic environment and how can managers plan effectively in dynamic environments?

What is leader-member exchange theory, and what does it say about leadership? Differentiate between transactional and transformational leaders and between charismatic and visionary leaders.

People with a parochial attitude do not recognize that others have different ways of living and working. Contrast ethnocentric, polycentric, and geocentric attitudes toward global business and how it impacts management strategies of new era?

a) Discuss the role of technology in efficient operations management.

b) Define Six Sigma and discuss its importance for a product and service quality.

Define the following:

a. Business Intelligence

b. BCG Matrix

c. Strategic Flexibility

d. SWOT Analysis

What structural issues might arise in managing employees' flexible work arrangements? Discuss 6 elements of organizational design and how this information helps a manager address those issues?