[ADMS 3930] - Final Exam Guide - Ultimate 36 pages long Study Guide!

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E(cid:448)e(cid:396)(cid:455)o(cid:374)e k(cid:374)o(cid:449)s so(cid:373)ethi(cid:374)g a(cid:271)out (cid:373)a(cid:374)age(cid:373)e(cid:374)t a(cid:374)d it"s i(cid:373)po(cid:396)ta(cid:374)t (cid:271)ut people ha(cid:448)e preconceptions and tend to block out new understanding which requires an open mind. Management: includes planning, organizing, controlling and leading resources to work effectively to accomplish goals. Resources = all goods of values to the organization. Organizational success depends on the way the resources are directed by managers. Organization is a distinct entity within the environment but with intentionally leaky boundaries for resources to flow. Su(cid:272)(cid:272)essful o(cid:396)ga(cid:374)izatio(cid:374)s ha(cid:448)e (cid:373)o(cid:396)e (cid:396)esou(cid:396)(cid:272)es afte(cid:396) the(cid:455)"(cid:448)e (cid:271)ee(cid:374) a(cid:396)ou(cid:374)d fo(cid:396) a (cid:449)hile. E(cid:448)e(cid:396)(cid:455) (cid:271)usi(cid:374)ess (cid:272)o(cid:374)sta(cid:374)tl(cid:455) t(cid:396)a(cid:374)sfe(cid:396)s (cid:396)esou(cid:396)(cid:272)es out to it"s e(cid:374)(cid:448)i(cid:396)o(cid:374)(cid:373)e(cid:374)t; pa(cid:455)s sala(cid:396)ies, pa(cid:455)s rent, pay taxes, producing goods etc. Firms must have incoming resources from the e(cid:454)te(cid:396)(cid:374)al e(cid:374)(cid:448)i(cid:396)o(cid:374)(cid:373)e(cid:374)t to (cid:396)eple(cid:374)ish (cid:449)hat"s transferred out. Information: culture and cultural values, markets, labour, suppliers, materials, services, public infrastructure, technology, government, laws and regulations, competitors. Environmental influences are mostly neutral and indifferent to a business.

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