MGT 3200 Lecture : INTRODUCTION TO MANAGEMENT OUTLINE NOTES
Document Summary
You want productivity to go up, resource cost to go up so that margins increase. Is efficiency a guarantee of effectiveness: no it does not guarantee effectiveness, when an organization is efficient than an organization will be effective, is effectiveness easier or harder to achieve, more concerned about efficiency the. Application question (ford motor company): ford"s actions were #2. Which scenario is better: a company that is effective but inefficient, a company that is ineffective but efficient- more common. Glory hogs: northcote parkinson came up with this and that work will expand to the time given it , want more done give it less time. The best goals are challenging goal: art or science, as practice it is an art, art- natural extension of who they are for some. No set formula for management, no that scientific: equifinality- there are many roads to success, as it is an science. Why is still significant today: the industrial revolution: forever.
