MAN 3025 Study Guide - Midterm Guide: Work Unit, Competitive Advantage, Market Environment
Document Summary
Ch 1 (video- 3:10: management- pursuit of organizational goal efficiently and effectively by integrating the work of people through. Planning, organizing, leading, and controlling the organizations resources. (motivating other people to get things done. ) Efficiency- the means of attaining the organizations goals. Effectiveness- the ends / goals; achieve results, make the right decisions, and successfully do it to achieve goals: management process(functions as a manager) : is a cycle. Planning- set goals and decide how to achieve them. Leading- motivate people to work hard to achieve goals. Controlling monitor performance and take corrective actions if goals are not met: competitive advantage- ability to produce goods/services more effectively than competitors. Perform symbolic tasks that represent your organization. show visitors around your company, attend employee birthday parties, and present ethical guidelines to your subordinates. Leadership role shown though training, motivating, and disciplining people. responsible for the actions of your subordinates, as their successes and failures reflect on you.
