MAN 3025 Study Guide - Fall 2018, Comprehensive Midterm Notes - Intrapreneurship, Vacuum, Trust Law

• 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. Groups: a group is two or more freely acting individuals who share collective norms, goals, and identity. Team: small group of people with complementary skills, committed to a common purpose, performance goals, approach for which they hold themselves mutually accountable, all teams are groups, not all groups are teams. Formal: established to do something productive for an organization, headed by a leader. Informal: formed by people seeking friendship, has no o cially appointed leader, although a leader may emerge. Popularity of teams: teams typically outperform individuals when tasks require multiple skills, judgement, and experience. 4 types of work teams: advice teams.