MGT 3200 Chapter : Introduction To Management Notes
Document Summary
We talk about managing on the job; managing the home; managing the family budget; managing one"s career; etc. Management, however, is a relatively young field and as such, many of its terms and concepts have yet to be standardized. In terms of defining what management is, there is no single, universally accepted definition. In other words, it"s concerned with goal attainment: *when business stray from their confidence effectiveness goes down, when market share goes down, effectiveness goes down. When market share goes up, effectiveness goes up: 2) efficiency-minimizing waste and resource cost. Injellitance (extra credit: equal parts of incompetence"s + jealousy, northcote parkinson founder, only hear from them when something bad happens and blames it on their employees. Value difference between a poor performer versus high. These two goals are related in that it"s much easier to be effective if one disregards efficiency. Seiko could produce more accurate and attractive timepieces if it disregarded labor costs and material input costs.
