Management Notes - Study Guide for Test 4 | MGT 3304, Study notes of Introduction to Business Management

test 4 study guide Material Type: Notes; Professor: Neck; Class: Mgt Th & Lead Pract; Subject: Management; University: Virginia Polytechnic Institute And State University; Term: Spring 2008;

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April 18, 2008
Management Notes
“One you dedicate your life towards striving for excellence, you may not be in a class by yourself… but it
won’t take much time to call the roll.”
Test on:
MGT- chapters 7, 11, & 9
MSL- chapters 8, 9, 10, 11, and Epilogue
Sept. 1959- This is a true story. There is an event in college for all types of bowlers to decide who the
best female bowler is. A young woman in college was in the final three of the tournament. She needed
a strike to win. She got a strike and won the tournament. Wanted to call her parents to tell them, but it
was 10pm and her parents were 2 hours away. She decided to drive there to surprise them and show
them her trophy. Its fall and the roads are icy in North Dakota. She hits ice and slides into a tree.
Paramedics come and they have to amputate her arm. At the hospital she is in a coma. There is very
little chance she will ever come out of the coma. Two years later she comes out of the coma. Four years
after that (six years after the accident), she is in the bowling tournament again. She is back in the final
three and just needs a strike. She gets it again, and wins again.
Point of the story is to illustrate the concept of motivation.
Motivation is the willingness to exert high levels of effort to reach goals.
Steps of Motivation:
Step One:
Desire to perform:
Functions:
-Valence: the anticipated value that one thinks he or she is going to receive
from a certain outcome
-Instrumentality: One’s perception of the steps necessary to achieve a
desired outcome
Step Two:
Effort:
Valence X Instrumentality X Expectancy: (do you actually believe you can do those
things?)
At his son’s baseball game, his son wouldn’t swing. He was too scared. He didn’t think he could hit the
ball. His expectancy was 0. So the whole equation was 0 because the equation is held together by
multiplication. Therefore he exerted no effort.
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April 18, 2008 Management Notes “One you dedicate your life towards striving for excellence, you may not be in a class by yourself… but it won’t take much time to call the roll.” Test on: MGT- chapters 7, 11, & 9 MSL- chapters 8, 9, 10, 11, and Epilogue Sept. 1959- This is a true story. There is an event in college for all types of bowlers to decide who the best female bowler is. A young woman in college was in the final three of the tournament. She needed a strike to win. She got a strike and won the tournament. Wanted to call her parents to tell them, but it was 10pm and her parents were 2 hours away. She decided to drive there to surprise them and show them her trophy. Its fall and the roads are icy in North Dakota. She hits ice and slides into a tree. Paramedics come and they have to amputate her arm. At the hospital she is in a coma. There is very little chance she will ever come out of the coma. Two years later she comes out of the coma. Four years after that (six years after the accident), she is in the bowling tournament again. She is back in the final three and just needs a strike. She gets it again, and wins again. Point of the story is to illustrate the concept of motivation. Motivation is the willingness to exert high levels of effort to reach goals. Steps of Motivation: Step One: Desire to perform: Functions:

  • Valence: the anticipated value that one thinks he or she is going to receive from a certain outcome
  • Instrumentality: One’s perception of the steps necessary to achieve a desired outcome Step Two: Effort: Valence X Instrumentality X Expectancy: (do you actually believe you can do those things?) At his son’s baseball game, his son wouldn’t swing. He was too scared. He didn’t think he could hit the ball. His expectancy was 0. So the whole equation was 0 because the equation is held together by multiplication. Therefore he exerted no effort.

Step Three: Performance: Effort + Ability + Focus: (Expending energy on task relevant to goal achievement) Equation for performance is held together by addition. If your ability is lower than someone else’s, you can make up that lack of ability by exerting more effort or focus. Video to show motivation: Story about Bill Porter: He sold products door to door. He was born with a disease. It affected his walk, his hands, and his speech. Day after day he tried to get a job, but no one would hire him. He eventually started selling products door to door. He goes to a hotel each day. The bellhops help him get ready since he has difficult because of his disabilities. He then goes to get his shoes shined every day before he sets off to work. He walks 7 miles or more each day selling products. He never complains and never gets put off. Shelly Brady started working for him when she was in high school because he needed someone to drive for him to deliver the products. He doesn’t carry a display case, just carefully ordered pictures of the products. His customers have to fill out their own order forms. He has faithful customers. One man has been buying from Bill for 27 years. When he gets up he types the orders himself using one finger on one hand. His mom would beg him to not go to work. It was the hardest time of his life. He tended his mother at the end of each day until she died in 1939. Shelly still visits Bill often. Now she has grown up and has 5 kids. Eventually the story was published. The story got lots of feedback. People who teased Bill when he was young responded apologizing. Bill says his mother would have been proud. He did what he believed he could do. Rain or shine he walks his 7 miles for $300 a week and never complains. His goal: to sell He exerted a lot of effort. So he had a high valence, instrumentality, and expectancy. He did not have much ability, but he had such high focus and effort his performance was good. Curtis Parks- in a band called “The Season” He is from Nashville and is a former student. He was in the top 72 in American Idol in Season 4 and has written 1200 songs. He is singing at Relay-For-Life tonight. Video : 212 degree DVD: sums up the parts of motivation. The margin between success and failure is extremely small. It’s your life. You are responsible for the results. To get what we have never had, we have to do what we have never done. Things he wanted to share: One is in the form of the story: If you go to Hawaii and you ask someone how to catch crabs, they will say first you want to go get a bucket. Then you want to go to the surf and find a crab and put it in your pocket. Find another one and put it in the bucket. Then take the crab from your pocket and put it in the bucket as well. The tourist will ask why not just put the first crab in the bucket. The mainlander will tell you because the