EVEG 2000 Lecture : 3.4 Notes (5/7)
Document Summary
Two key concerns of mgt? efficiency and effectiveness. Considered an art in practice and considered a science academically. First line managers are short term and make sure goals are carries out. Mgt levels eliminate staff management jobs and implement mgt technology. Develops overall goals and figures out how to achieve goals. Top managers have the greatest amount of contact with the organizations environment. Top managers are mostly general which is more difficult. When comp goes up market share and profitability decreases. The more companies in the market the rivalry goes up. If there is zero threat of new entrance rivalry will go down. If your company is already established you want the barriers set high. Organizing- dividing up the work individually and in groups. Controlling- see how well your plan is doing. Threat of new entrance, power suppliers, power of customers, threat of substitutes, rivalry among organizations.
