New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Management 301 Notes Feb 1-Feb 5th

by: Christopher Raite

Management 301 Notes Feb 1-Feb 5th MGMT 301

Marketplace > Pennsylvania State University > MGMT 301 > Management 301 Notes Feb 1 Feb 5th
Christopher Raite
Penn State
GPA 3.55

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

***THIS IS NOT THE CLASS NOTEPACKET*** Covered in these notes are notes emphasized by Proffesor Johnson to write down and study, these notes are likely covered on the exam and even possibly contain...
Basic Management Concept
Ronald Johnson
Class Notes
Management, Penn State, PSU
25 ?




Popular in Basic Management Concept

Popular in Department

This 5 page Class Notes was uploaded by Christopher Raite on Friday February 5, 2016. The Class Notes belongs to MGMT 301 at Pennsylvania State University taught by Ronald Johnson in Winter 2016. Since its upload, it has received 42 views.


Reviews for Management 301 Notes Feb 1-Feb 5th


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/05/16
CONTINUED NOTES: February 1 -5 st th ** All topics covered were stressed by Professor Johnson to write down and study** ******THIS IS NOT THE NOTEPACKET****** 27) Douglas McGregor: Responsible for Theory X and Y, believed no one type of management was worse than the other, best to be interactive and directive Theory X and Y: Perspective of managers, they are a reflection of how managers believe work should be done. Theory X: Directive, Assembly Line Companies Theory Y: Interactive, Google Theory X MGMT Theory Y MGMT Dislike work Willing to work Lack ambition Capable/ creative Follow not lead Self controlled Resist change Self directed Irresponsible Responsible 28) Queuing Theory: Making people wait on a line must control perfectly to maximize opportunity 29) Modern Management: Uses business analytics (massive data collection) to make businesses work better 30) Inputs:  People  Money  Materials  Technology  Information 31) ZARA: Revolutionary fashion company  Very short design cycle  Constantly changing the product (2 weeks)  Low price  No advertisement  Locally targeted products (concerts)  Use Operation Management 32) Contingency Thinking:  What do we believe is most likely  Best case  Worst 33)**ON EXAM** Six Sigma: Tools and methods used to improve any process  If you are untrained you can never become a manager Lean Principles: Tools and methods used to reduce the waste in any process  Japanese Management  Fredrick Taylor 34) BIG THREE OF MANAGEMENT: All three are all about productivity and performance 1. Classical 2. Behavioral 3. Modern 35) Responsibility: The ability or authority to act or decide on one’s own without supervision. 36) Question about Spiderman: What was his famous quote about ethics?  “With great power comes great responsibility” 37) To teach ethics you must: be aware of protocol, to better your judgment, to get better behavior in the workplace. 38) PONG for Business Ethics  P- Personal (most important)  O- Organizational – hold all info on how business is ran  N- National- International connections  G- Global – Being a widespread business in many countries Which Letter in PONG is most important?  P- Personal 39) Ethics Resource Center (2011-2013) conclusions:  Less overall misconduct  Trending downward  Boss pressure has gone down 40) 2013 National Business Ethics Survey Results:  28% in 1994, lots of misconduct in the 90’s  Reduced to 14% in 2000  Dropped to 11% from 2003-2006  Dropped further to 10%/8% until 2001  Rose to 13% because of economic crisis  Back down to 9% in 2013, and expects to continue to decrease 41) Top 5 Misconduct behaviors:  Abusive Behavior  Lying to employees  Internet abuse  Discrimination  Conflict of interest 42) Business Ethics: Set of principles, right of conduct and underlying value. 43) International Business Ethics: Two Types  Cultural Relationships: Follow culture of the country the business is in  Moral Absolutism: Practice only “home” culture no matter where business is  Ethics is not the same around the world  BUT… There are ethical norms in every business 44) Terminal: Instrumental: 45) Three main ideas when talking about ethics: 1. Can you teach ethics? 2. Is there a right and wrong? 3. Is ethics all the same? ----No! 46) Ethical Decision-Making Assessment Framework: MEMORIZE 1. Awareness 2. Facts 3. Stakeholders 4. Standards 5. Values 6. Actions Stakeholders: Anyone with an interest or stake in the company 47) Impact of Culture Leadership Driven:  58% of companies say they have a strong culture  42% say they have a weak culture 48) LOCKHEEAD AND MARTIN AND ETHICS: ON EXAM 49) Management Process Regardless of Leven  Planning- Setting performance standards/checkpoints for company to achieve  Controlling  Organizing  Leading Know that planning is always part of the management process Planning Process Steps: Define Objectives Compare Current to Objectives Compare Future Alternatives Analyze Alternatives/ Make Plan Implement and Evaluate Note: Traditional Decision- Making Best planning includes:  Action Oriented  Priority Oriented  Advantage Oriented  Change Oriented 50) Two types of Personal Planning Work Style and Life Style:  Judging: Formal structured planning approach, linear time management  Perceiving: Informal and unstructured planning approach, rounded time management 51) Priorities video:  Priorities are key in planning  Big priorities must always be first  Other things can be seen as distractions  Complacency avoidance  Effective time management


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Allison Fischer University of Alabama

"I signed up to be an Elite Notetaker with 2 of my sorority sisters this semester. We just posted our notes weekly and were each making over $600 per month. I LOVE StudySoup!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.