[MGT 201] - Final Exam Guide - Everything you need to know! (22 pages long)
Document Summary
Management- planning, organizing, leading and controlling of humans to achieve organizational goals effectively and efficiently. Managers- people responsible for supervising the organizations resources to meet its goals: resources include people, skills, knowledge, machinery. Department- group who possess similar skills or use the same tools. Restructuring- involves it to downsize by eliminating jobs. Outsourcing- contracting with another company (usually aboard) to perform something a company previously performed itself: efficient, reduces costs. Empowerment- expanding employees knowledge by using software. Self managed teams- groups of employees that supervise their own actions. Managerial role- set of specific tasks that a person is expected to perform because of their position: decisional role- planning strategy and utilizing resources. Entrepreneur, disturbance handler, resource allocator, negotiator: informational roles- tasks to obtain and transmit info by managing. Monitor info, disseminator, spokesperson: interpersonal roles- provide direction and supervision. Managerial skills: conceptual- analyze/diagnose a situation, human- ability to understand/lead behavior, technical- knowledge for organizational role.
