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Management 420

Management 420
Due by midnight at the end of Sunday, March 15th.
PLEASE READ CAREFULLY:  Each answer should be about a paragraph long.  Do not copy your answers from the web, the text book, etc.  In other words, you MAY USE the
book, the videos, your notes, and other sources, but WRITE YOUR ANSWERS IN YOUR OWN WORDS.  Any two papers submitted with word-for-word answers will both be scored as
zero points.
This test covers Chapters 1-12.
Five essays at 14 possible points each (for a total of 70 points possible).
1.- In Chapter 12 of the textbook and the related video, we find the terms “Matrix Organization” and “Matrix Design.”  Discuss the advantages and disadvantages of the
matrix design for organizations.
2.- In the textbook and in the videos, the author and I make the point that the Management Model (Management Process – planning, organizing, leading, and controlling)
is universal.  In other words, managers at all levels of all departments in all kinds of organizations use this system.  Describe how the manager in a fast food
restaurant in north central Kansas uses the “controlling” element of the management model.
3.- In the video related to Chapter 12 of the textbook, we discussed two similar sounding but very different concepts.  Explain what a “Virtual Team” is, and what a
“Virtual Organization” is.
4.- Compare and contrast the terms, Entrepreneur, Intrepreneur, and Social Entrepreneur.  Tell what these three different types of people do the same as each other,
and what they do that is different from each other.
5.- In four sentences or less, in your own words, explain the difference between related diversification and unrelated diversification.  Include examples.
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