MGT 3200 Lecture Notes - Lecture 2: Microbrewery, Personality Test, Campaign Finance In The United States
Document Summary
Raw materials and resources are transformed into goods and services. You are dependent on suppliers and customers, both are subject to competition. Feedback loop connects inputs, transformation, and outputs. Cyclical nature of the transformation process: feedback loop from customers buying the goods and services leading back to resources. Buffering the technical core: production/transformation is not open to the environment, ideally to get long lines of a product with minimal change in production: keep change to a minimum. Role differentiation & specialization: as an organization grows, the roles become more specialized: makes companies more efficient and defeat troubling aspects of the environment. Synergy: teamwork, the whole is greater than the sum of its parts: 2+2=5. Equifinality: there are multiple ways to be successful: every organization is structured differently. Maintenance: operation/upkeep of organization: physical: keeping the place clean, well lit, etc, psychological: human resources, motivation, etc. (increases productivity, goal is efficiency.
