MAN 3025 Lecture Notes - Lecture 1: Foreign Direct Investment, Product Stewardship, Clean Technology

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

Document Summary

Ability of one organization to outperform others: produces desired goods/services more efficiently and effectively. 4 building blocks: responsiveness to customers, innovation, efficiency, quality. Best companies manage to deliver on more than one pillar of advantage. The workforce will continue to get older (baby boomers) Diversity affects all of the managerial functions but primarily leading . Synergy challenge: have what we need to have all the workers understand each other and work well together. Diversity can create positive and negative conflict: can facilitate creative problem-solving, can close down communication, can derail group processes. Managers must minimize destructive conflict and maximize diversity of input. Globalization: the worldwide interdependence of resource flows, product markets, and business competition that characterize the new economy. 1) the changing world output and world trade picture. 3) the changing nature of the multinational enterprise. Managing an international business differs from managing a domestic business because.