MAN 3025 Study Guide - Midterm Guide: Group Cohesiveness, Rationality, International Monetary Fund

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

Document Summary

The art of getting things done through people. 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: 7 challenges on management (only these three) Competitive advantage: ability of one organization to outperform others, produces desired goods/ service more e ciently and e ectively, responsiveness to customers, innovation, e ciency, and quality. Ethics: managers are under considerable pressure to make the best use of resources, too much pressure may induce managers to behave unethically and even illegally. Globalization: the worldwide interdependence of resource ows, product markets, and business competition that characterizes the new economy, countries are di erent, wider range or more complex problems, government intervention limits, diverse workforce, 4 managerial functions. Decisional roles: entrepreneur, resource allocator, disturbance handler, negotiator.