Part 01: You Make the Decision: Introduction to Management

Attempt 2 Feedback:

Although it would be helpful for you to go back and restudy the functions of management and the roles of managers, you have a good understanding of the different historical models of management. Grade: 33% first two wrong, last question correct

Management Function: When Ms. Kadri was working on her roadmap for the company, she was engaged in which of the following management functions? - Leading - Planning

Attempt 1: Planning - correct Attempt 2: Leading

Management Function Result:

Because her roadmap set goals for the entire organization, Ms. Kadri was involved in planning when she created it.

Attempt 1: Goals: One of Solvay's key goals in the "Better Life" area is "Embedding diversity and inclusion." They are committed to achieving gender parity for mid- and senior-level management by 2035, and they are striving for a work environment that welcomes diversity of any kind. Suppose you are a first-line manager who is working to support this goal. Your employees are six chemists who are working to produce a new form of rubber for aerospace solutions. Which of the following goals would be most appropriate for you to set? - Ensure that the Rubber Division produces new forms of rubber for aerospace, automotive, and composite fabrication applications in the next six years. - Ensure that each of the six chemists who report to me receive training about how to handle unconscious bias in the next six months.

Ensure that the Rubber Division produces new forms of rubber for aerospace, automotive, and composite fabrication applications in the next six years.

Introduction

Ilham Kadri is the CEO of Solvay, a Belgian chemical company. The company is serious about sustainability - on her first day as CEO, Ms. Kadri started to work on a ten-year sustainability roadmap designed to phase out Solvay's use of coal and to cut their freshwater intake by 25 percent.

Management Role: Attempt 1: Suppose that Ms. Kadri came to you and said "I want to assume an interpersonal role as CEO of Solvay." Which of the following actions would you recommend that she take? - Meet with other CEOs at the ACI conference to serve as a liason between Solvay and other companies. - Present a keynote address at the American Cleaning Institute (ACI) conference on the Solvay philosophy that "Sustainability is Profitability".

Meet with other CEOs at the ACI conference to serve as a liaison between Solvay and other companies.

Attempt 1: Sustainability:

Solvay has continued to push for sustainability by creating Solvay One Planet, which includes ten measurable commitments for a sustainable future in the categories of climate, resources, and a better life. These targets are designed to dramatically reduce the full carbon footprint of Solvay. As Ms. Kadri says, "Now we will take this commitment a step further by joining with customers, suppliers, and all other companies that are setting emissions reduction targets in line with what climate science says is necessary."

Attempt 2: Management Model:

Solvay promotes innovation by running Solvay Ventures, a venture capital fund that invests in startups. The Solvay Ventures team has reviewed 8,000 startups over the past 15 years. These startups are scattered all over the world. One of the startups in which Solvay invested was Invizius, a Scottish company working to reduce complication rates suffered by dialysis patients. Solvay produces the materials used in creating dialysis filters. If Invizius is successful, Solvay will be able to sell more dialysis filters, in addition to getting a return on their investment.

Attempt 2: Management Model: What model of management does the relationship between Solvay and Invizius represent? - Contingency theory - Systems theory

Systems theory

Attempt 2: Management Role: Suppose that Ms. Kadri came to you and said, "I want to assume a decisional role as CEO of Solvay." Which of the following actions would you recommend she take? - Figure out how many employees are needed on various sustainability projects. - Hold an all-company meeting to tell her employees what the next sustainability goal will be.

What I put: Figure out how many employees are needed on various sustainability projects Correct: Hold an all-company meeting to tell her employees what the next sustainability goal will be.

Attempt 1 Feed Back

Your answers show that you have a good understanding of management functions and management roles. You may want to go back and review the material in the text on the types of goals that are set by different levels of managers, however. Grade: 66% First two correct, last one wrong