MGT 3200 Lecture : MGT Lecture Notes
Document Summary
Process of achieving desired results through human and material resources. 2 key concerns of management: effectiveness (end/market share, doing the right thing at the right the time, efficiency (means/cost) ^^^ you want both overall to be sustainable: minimizing waste or reducing costs. You would rather be doing the right things not so well versus the wrong things well . Parkinson"s law: "work expands so as to fill the time available for its completion", set tighter deadlines. The industrial revolution lead to professional management due to the aid of machinery. Dumbs down the laborers skill level which leads to them needing to be managed and coordinated. First line: follow rules given by top/middle, come from labor pool/not typically trained well, overall cost and leadership, concerned with efficiency. Top line: legitimize the organization to society, develop strategy, most concerned with effectiveness. Each level has a different function and focus.
