MGT 3200 : MGMT 3200 Sec 1 Kerry Sauley Test 1 Material
Document Summary
Mgmt 3200 sec 1 kerry sauley test 1 material2/4/2016 7:15:00 pm. Management- the process of achieving desired results through the efficient utilization of human and material resources. Effectiveness: right things at the right time. Efficiency: minimizing waste or reducing resource cost. Ford application: look at market share (effectiveness, look at cost (efficiency) Injellitance: incompetence and jealousy, affects staffing negatively. Parkinson law: work will expand to the time given it. Industrial revolution made management important: owner manager to professional manager (major switch, skill of the craftsman is transferred to the machine, productivity goes up, cost go down. Corporate downsizing: middle is cut, management levels are eliminated, managers who remain are asked to do more work, company implements new computer/information tech, staff management functions are farmed out to consulting firms. Survivors syndrome: after any downsizing event, survivors feel guilty, think it could happen again, and feel anxiety. Top and middle management are referred to as management .
