MAN 3025 Chapter Notes - Chapter 1: Multinational Corporation, Knowledge Management, Intrapreneurship
2 Jun 2015
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Document Summary
Introduction to management: management pursuit of organizational goals efficiently and effectively. Efficiency ability to do the same amount of work with fewer resources. Effectiveness ability to generate higher revenues independent of resources required: multiplier effect. A manager"s influence on the organization is multiplied far beyond the results that can be achieved by just one person acting alone. Seven challenges of being a manager: managing for competitive advantage. Competitive advantage ability of one organization to outperform others. Produce desired goods or services more efficiently and effectively. The measure of success if how well you are doing compared to your competitors. Four building blocks: responsiveness to customers b) Tradeoffs occur in this sector, but the best companies manage to deliver on more than one pillar of advantage: managing for diversity. More women in the workforce than ever. The workforce will continue to get older. Diversity affects all of the managerial functions, but primarily leading. Diversity can create positive and negative conflicts.
