MGT 3200 : Mgmt 3200 Test 1
Document Summary
1/31/2012 7:05:00 pm: management is the process of achieving desired results through the efficient utilization of human and material resources. Which of these scenarios is better: a company that is effective but inefficient, a company that is ineffective but efficient, **neither but the first one would be better. What"s the manager"s most important resource: a. material resources, b. informational resources, c. human resources, d. financial resources. Northcote parkinson: parkinson whatever time you give the project it will be finished in that time. Equifinality: there are many roads to success. How did management become important and why is it still significant today: the industrial revolution forever changes how work is performed, the economic effects of the industrial revolution leading to the need for professional management. Four things that happen in corporate downsizing: management levels are eliminated, the managers who remain are asked to do more work, the company implements new computer/information technology, staff management functions are farmed out to consulting firms.
