MAN 3025 Chapter Notes - Chapter 1: Management System, Soft Skills, Cloud Computing
6 Feb 2016
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The means of attaining the organization"s goals. Use resources wisely and cost effectively: effectiveness allows organizations to generate higher revenues, independent of resources required (the results) Make the right decisions and to successfully carry them out so that they can achieve the goals: organization- a group of people who work together to achieve some specific purpose. Mentor- an experienced person who provided guidance to someone new to the work world. 7 challenges to being an exceptional manager: managing for competitive advantage staying ahead of rivals. Competitive advantage- ability of an org. to produce goods and services more effectively than competitors do (outperforming them) Innovation- finding ways to deliver new or better goods or services. Efficiency: managing for diversity the future won"t resemble the past. Population increases in minorities: managing for globalization the expanding management universe. Expressions and gestures don"t have the same meaning to everyone: managing for information technology dealing with the new normal .
