MAN 3025 Study Guide - Comprehensive Final Exam Guide - Root Mean Square, Ford Focus, Time

• School: University of Florida
• Department: Management
• Course: MAN 3025
• Professor: Professor Archambeau

Document Summary

Management: the pursuit of organizational goals e ciently and e ectively where: E ciency allows organizations to do the same amount of work with fewer resources: the means. E ectiveness allows organizations to generate higher revenues, independent of resources required: the results. What do managers do: set objectives, organize, motivate and communicate, measure. Management: the pursuit of organizational goals e ciently and e ectively by, integrating the work of people through, planning, organizing, leading, and controlling the organization"s resources. Challenge 1: managing for competitive advantage: competitive advantage. Ability of 1 organization to outperform others: produces desired goods/services more e ciently and e ectively. 4 building blocks: responsiveness to customers, innovation, e ciency, quality, best companies manage to deliver on more than one pillar of advantage. Challenge 2: managing for it: information tech has facilitated e-business, using the internet to facilitate every aspect of running a business.