ADMS 3930 Study Guide - Final Guide: Organizational Culture, Middle Management, Decision Rule
Document Summary
Chapter 1: managerial effectiveness and organizational purpose-------------- page 2. Chapter 3: organizational culture and responsible management---------------page 3. Chapter 5: organizing (tasks & structures) ----------------------------------------- page 5. The way a firm operates internally to be successful depends on the synergistic relationship of resources. Synergy: the most effective arrangement of resources (require identifying and directing resources within the organization for optimal efficiency and effectiveness) Identifying, maintaining and improving synergy of resources of a firm is the job of the general management level and a key component of successful business. Environmental component: general factor, labour force, technology knowledge, social and cultural values, specific factor. Some factors directly affect the organization, others interact with the others and affect indirectly the organization, both can affect the performance. Requires organization to structure its internal resources and adjust to have profitable resource exchanges with external environmental factors.