MNGT 3100 Lecture Notes - Applied Psychology, Triple Bottom Line, Empowered

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lindseylovvorn

28 Mar 2023

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Document Summary

If it"s not in the key terms and concepts for the chapter, probably not important. Management: art of getting things done through the effort of other people; allocating scarce resources. Principles of management are the activities that plan, organize, and control the operations i. Means by which things get done in organizations. How to direct employees and coordinate with others. Acts as steward for the organization"s vision and mission. Responsible for the efficiency and effectiveness of a specific function iii. Responsible for coordinating a subgroup of a division or team from multiple parts of an organization iv. Teams directly contribute to making products or providing services (one specific area) v. Responsible for the planning, execution, and completion of specific projects (time-limited) vii. Changing roles of management and managers i. ii. Tradt"l: top managers made all decisions and boss people around.

Related Questions

Question 1

Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as a general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process. A strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives.

Discuss the requirements to do a strategy from external and internal analyses perspectives in the case of ONE (1) logistics company after the end of COVID-19 pandemic.