MGT 3200 Chapter Notes - Chapter 1-4: Crystal Ball, Organizational Architecture, Walmart
Document Summary
The process of achieving desired results through the efficient use of human & material resources & through the utilization of effectiveness and efficiency. What is effectiveness concerned with? doing the right thing at the right time in the right way; goal attainment. What is efficiency concerned with? reducing waste or minimizing resource costs since many resources are scarce. The more concerned you are with efficiency, the harder it is to be effective. When is management considered a science? there are theories of management and those are tested using scientific method w/ empirical evidence. When is management considered an art? it is an extension of people"s personalities; it can not all be taught and there are many different management styles that can be successfulequifinality. The industrial revolution changed how work was performed. Dividing up labor caused a need for managers. Before this, owners used to do all the managing. Skilled craftsmen started using machinery which caused a division of labor.
