MGT 3200 : Exam One Objectives From The Notes
Document Summary
Market share goes up and cost go down. 1mangement is eliminated (middle) 2managers that are left are asked to do more. 3 implement technology. They strategic plan, they determine what business your going to be in and how that business is going to run. Functional manages one thing while general manages many thing. General gets more important as you go up the pyramid. Be able to identify and describe the five functions of management. a)planning,-setting goals(top management) b)organizing -deviding and coordination(middle) c)staffing-recruiting an rewarding(first line: leading,- motivating(first line) e)controlling-monitoring results, see feedback. Conceptual skills are most important to top level. A) input-from external environment: transformation- fancy name for production. C)output- need someone to buy from external environment. Need buyers and sellers for input and output: what is the cyclical nature of the nature transformation process? ( feed back loop, 4 and output, mostly externaly oriented c)adaptive- helping adapt to technology and services, mostly external.
