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CLEMSON / Management / MGT 2010 / What refers to the pursuit of organizational goals efficiently and eff

What refers to the pursuit of organizational goals efficiently and eff

What refers to the pursuit of organizational goals efficiently and eff

Description

School: Clemson University
Department: Management
Course: Principles of Management
Professor: Katherine clark
Term: Fall 2016
Tags:
Cost: Free
Name: MGT 2010 Week 1
Description: These are notes for Chapter 1. This chapter discusses what it takes to be a Manager, and the difference between a Manager and an Entrepreneur.
Uploaded: 01/17/2017
8 Pages 169 Views 91 Unlocks
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"}.lst-kix_xjs3ntqmja0-7 > li:before{content:"○ "}.lst-kix_7pnzxogeammg-2 > li:before{content:"" counter(lst-ctn-kix_7pnzxogeammg-2,lower-roman) ". "}ol.lst-kix_kktzb0qja8ah-5.start{counter-reset:lst-ctn-kix_kktzb0qja8ah-5 0}.lst-kix_dehsf42qy1l4-3 > li:before{content:"● "}.lst-kix_kktzb0qja8ah-2 > li{counter-increment:lst-ctn-kix_kktzb0qja8ah-2}.lst-kix_bb0qbg8oq3zy-1 > li:before{content:"○ "}ul.lst-kix_s7qgajmrqpmv-0{list-style-type:none}.lst-kix_ap22l2im9t7z-5 > li:before{content:"■ "}.lst-kix_wxujufc3lk71-1 > li{counter-increment:lst-ctn-kix_wxujufc3lk71-1}.lst-kix_dehsf42qy1l4-7 > li:before{content:"○ "}.lst-kix_s7qgajmrqpmv-0 > li:before{content:"● "}.lst-kix_si0j7nw6i9dn-2 > li:before{content:"■ "}.lst-kix_roh1sdk1w31b-0 > li:before{content:"● "}.lst-kix_wxujufc3lk71-2 > li:before{content:"" counter(lst-ctn-kix_wxujufc3lk71-2,lower-roman) ". "}.lst-kix_s7qgajmrqpmv-4 > li:before{content:"○ "}.lst-kix_si0j7nw6i9dn-6 > li:before{content:"● "}.lst-kix_bb0qbg8oq3zy-5 > li:before{content:"■ "}.lst-kix_s7qgajmrqpmv-8 > li:before{content:"■ "}ol.lst-kix_kktzb0qja8ah-4.start{counter-reset:lst-ctn-kix_kktzb0qja8ah-4 0}.lst-kix_wxujufc3lk71-6 > li:before{content:"" counter(lst-ctn-kix_wxujufc3lk71-6,decimal) ". "}.lst-kix_ysj97sru4q3m-8 > li{counter-increment:lst-ctn-kix_ysj97sru4q3m-8}ol.lst-kix_kktzb0qja8ah-7.start{counter-reset:lst-ctn-kix_kktzb0qja8ah-7 0}ul.lst-kix_hhxh8pl7dclg-0{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-1{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-2{list-style-type:none}ol.lst-kix_7pnzxogeammg-7{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-3{list-style-type:none}ol.lst-kix_7pnzxogeammg-8{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-8{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-4{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-5{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-6{list-style-type:none}ul.lst-kix_hhxh8pl7dclg-7{list-style-type:none}ol.lst-kix_7pnzxogeammg-5.start{counter-reset:lst-ctn-kix_7pnzxogeammg-5 0}.lst-kix_ysj97sru4q3m-0 > li{counter-increment:lst-ctn-kix_ysj97sru4q3m-0}.lst-kix_s5ax52et2sl0-1 > li{counter-increment:lst-ctn-kix_s5ax52et2sl0-1}ul.lst-kix_jvgvt5koyqnb-0{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-1{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-2{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-3{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-4{list-style-type:none}ol.lst-kix_7pnzxogeammg-1{list-style-type:none}ol.lst-kix_7pnzxogeammg-2{list-style-type:none}ol.lst-kix_7pnzxogeammg-0{list-style-type:none}ol.lst-kix_7pnzxogeammg-5{list-style-type:none}ol.lst-kix_7pnzxogeammg-6{list-style-type:none}ol.lst-kix_7pnzxogeammg-3{list-style-type:none}ol.lst-kix_7pnzxogeammg-4{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-5{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-6{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-7{list-style-type:none}ul.lst-kix_jvgvt5koyqnb-8{list-style-type:none}.lst-kix_kktzb0qja8ah-3 > li{counter-increment:lst-ctn-kix_kktzb0qja8ah-3}.lst-kix_9eq3pgt0gqqr-1 > li:before{content:"○ "}.lst-kix_hhxh8pl7dclg-4 > li:before{content:"○ "}.lst-kix_hhxh8pl7dclg-5 > li:before{content:"■ "}.lst-kix_hhxh8pl7dclg-2 > li:before{content:"■ "}.lst-kix_hhxh8pl7dclg-6 > li:before{content:"● "}.lst-kix_wxujufc3lk71-8 > li{counter-increment:lst-ctn-kix_wxujufc3lk71-8}.lst-kix_9eq3pgt0gqqr-0 > li:before{content:"● "}.lst-kix_9eq3pgt0gqqr-4 > li:before{content:"○ "}ol.lst-kix_kktzb0qja8ah-2.start{counter-reset:lst-ctn-kix_kktzb0qja8ah-2 0}.lst-kix_9eq3pgt0gqqr-5 > li:before{content:"■ "}.lst-kix_hhxh8pl7dclg-0 > li:before{content:"● "}.lst-kix_hhxh8pl7dclg-1 > li:before{content:"○ "}.lst-kix_hhxh8pl7dclg-8 > li:before{content:"■ "}.lst-kix_9eq3pgt0gqqr-7 > li:before{content:"○ "}.lst-kix_hhxh8pl7dclg-7 > li:before{content:"○ "}.lst-kix_s5ax52et2sl0-5 > li{counter-increment:lst-ctn-kix_s5ax52et2sl0-5}.lst-kix_9eq3pgt0gqqr-6 > li:before{content:"● "}ol.lst-kix_s5ax52et2sl0-8.start{counter-reset:lst-ctn-kix_s5ax52et2sl0-8 0}.lst-kix_9eq3pgt0gqqr-8 > li:before{content:"■ "}ol.lst-kix_s5ax52et2sl0-1.start{counter-reset:lst-ctn-kix_s5ax52et2sl0-1 0}.lst-kix_moi2w5wnbbyi-0 > li:before{content:"● "}.lst-kix_moi2w5wnbbyi-1 > li:before{content:"○ "}.lst-kix_moi2w5wnbbyi-2 > li:before{content:"■ "}ol.lst-kix_wxujufc3lk71-7{list-style-type:none}ol.lst-kix_wxujufc3lk71-8{list-style-type:none}.lst-kix_moi2w5wnbbyi-4 > li:before{content:"○ "}.lst-kix_moi2w5wnbbyi-3 > li:before{content:"● "}.lst-kix_moi2w5wnbbyi-5 > li:before{content:"■ "}.lst-kix_kktzb0qja8ah-7 > li{counter-increment:lst-ctn-kix_kktzb0qja8ah-7}.lst-kix_moi2w5wnbbyi-8 > li:before{content:"■ "}.lst-kix_moi2w5wnbbyi-7 > li:before{content:"○ "}.lst-kix_moi2w5wnbbyi-6 > li:before{content:"● "}ol.lst-kix_wxujufc3lk71-3{list-style-type:none}ol.lst-kix_ysj97sru4q3m-2.start{counter-reset:lst-ctn-kix_ysj97sru4q3m-2 0}ol.lst-kix_wxujufc3lk71-4{list-style-type:none}ol.lst-kix_wxujufc3lk71-5{list-style-type:none}ol.lst-kix_wxujufc3lk71-6{list-style-type:none}.lst-kix_9eq3pgt0gqqr-3 > li:before{content:"● "}.lst-kix_hhxh8pl7dclg-3 > li:before{content:"● "}ol.lst-kix_wxujufc3lk71-0{list-style-type:none}ol.lst-kix_wxujufc3lk71-1{list-style-type:none}.lst-kix_9eq3pgt0gqqr-2 > li:before{content:"■ "}ol.lst-kix_wxujufc3lk71-2{list-style-type:none}.lst-kix_s5ax52et2sl0-7 > li:before{content:"" counter(lst-ctn-kix_s5ax52et2sl0-7,lower-latin) ". "}.lst-kix_s5ax52et2sl0-5 > li:before{content:"" counter(lst-ctn-kix_s5ax52et2sl0-5,lower-roman) ". "}.lst-kix_8qsa3gb6q8lw-5 > li:before{content:"■ "}.lst-kix_s5ax52et2sl0-3 > li:before{content:"" counter(lst-ctn-kix_s5ax52et2sl0-3,decimal) ". "}ol.lst-kix_kktzb0qja8ah-0.start{counter-reset:lst-ctn-kix_kktzb0qja8ah-0 0}.lst-kix_wxujufc3lk71-5 > li{counter-increment:lst-ctn-kix_wxujufc3lk71-5}.lst-kix_8qsa3gb6q8lw-7 > li:before{content:"○ "}.lst-kix_wxujufc3lk71-4 > li{counter-increment:lst-ctn-kix_wxujufc3lk71-4}ol.lst-kix_ysj97sru4q3m-4.start{counter-reset:lst-ctn-kix_ysj97sru4q3m-4 0}ul.lst-kix_pmz87yhgnqzs-0{list-style-type:none}.lst-kix_s5ax52et2sl0-1 > li:before{content:"" counter(lst-ctn-kix_s5ax52et2sl0-1,lower-latin) ". "}ul.lst-kix_si0j7nw6i9dn-0{list-style-type:none}.lst-kix_8qsa3gb6q8lw-1 > li:before{content:"○ "}ul.lst-kix_pmz87yhgnqzs-5{list-style-type:none}ul.lst-kix_pmz87yhgnqzs-6{list-style-type:none}ul.lst-kix_pmz87yhgnqzs-7{list-style-type:none}ul.lst-kix_etdwno2dirnm-8{list-style-type:none}ul.lst-kix_pmz87yhgnqzs-8{list-style-type:none}ul.lst-kix_etdwno2dirnm-7{list-style-type:none}ul.lst-kix_pmz87yhgnqzs-1{list-style-type:none}ul.lst-kix_etdwno2dirnm-6{list-style-type:none}ul.lst-kix_pmz87yhgnqzs-2{list-style-type:none}.lst-kix_8qsa3gb6q8lw-3 > li:before{content:"● "}ul.lst-kix_etdwno2dirnm-5{list-style-type:none}ul.lst-kix_pmz87yhgnqzs-3{list-style-type:none}.lst-kix_r24kvo36r388-0 > li:before{content:"● "}ul.lst-kix_etdwno2dirnm-4{list-style-type:none}ul.lst-kix_pmz87yhgnqzs-4{list-style-type:none}.lst-kix_1ldyut2z2cg9-8 > li:before{content:"■ "}.lst-kix_ysj97sru4q3m-4 > li{counter-increment:lst-ctn-kix_ysj97sru4q3m-4}.lst-kix_7pnzxogeammg-0 > li{counter-increment:lst-ctn-kix_7pnzxogeammg-0}ol.lst-kix_ysj97sru4q3m-7.start{counter-reset:lst-ctn-kix_ysj97sru4q3m-7 0}.lst-kix_r24kvo36r388-2 > li:before{content:"■ "}.lst-kix_r24kvo36r388-6 > li:before{content:"● "}.lst-kix_1ldyut2z2cg9-4 > li:before{content:"○ "}ul.lst-kix_si0j7nw6i9dn-4{list-style-type:none}ul.lst-kix_si0j7nw6i9dn-3{list-style-type:none}ul.lst-kix_si0j7nw6i9dn-2{list-style-type:none}ul.lst-kix_si0j7nw6i9dn-1{list-style-type:none}.lst-kix_1ldyut2z2cg9-2 > li:before{content:"■ "}ul.lst-kix_si0j7nw6i9dn-8{list-style-type:none}ul.lst-kix_si0j7nw6i9dn-7{list-style-type:none}ul.lst-kix_si0j7nw6i9dn-6{list-style-type:none}.lst-kix_r24kvo36r388-4 > li:before{content:"○ "}ul.lst-kix_si0j7nw6i9dn-5{list-style-type:none}.lst-kix_kktzb0qja8ah-0 > li{counter-increment:lst-ctn-kix_kktzb0qja8ah-0}.lst-kix_7pnzxogeammg-5 > li:before{content:"" counter(lst-ctn-kix_7pnzxogeammg-5,lower-roman) ". "}ol.lst-kix_wxujufc3lk71-0.start{counter-reset:lst-ctn-kix_wxujufc3lk71-0 0}.lst-kix_1ldyut2z2cg9-6 > li:before{content:"● "}.lst-kix_r24kvo36r388-8 > li:before{content:"■ "}.lst-kix_7pnzxogeammg-7 > li:before{content:"" counter(lst-ctn-kix_7pnzxogeammg-7,lower-latin) ". "}.lst-kix_xjs3ntqmja0-4 > li:before{content:"○ "}.lst-kix_7pnzxogeammg-1 > li:before{content:"" counter(lst-ctn-kix_7pnzxogeammg-1,lower-latin) ". "}.lst-kix_xjs3ntqmja0-0 > li:before{content:"● "}.lst-kix_xjs3ntqmja0-8 > li:before{content:"■ "}.lst-kix_xjs3ntqmja0-6 > li:before{content:"● "}ol.lst-kix_7pnzxogeammg-7.start{counter-reset:lst-ctn-kix_7pnzxogeammg-7 0}.lst-kix_7pnzxogeammg-3 > li:before{content:"" counter(lst-ctn-kix_7pnzxogeammg-3,decimal) ". "}.lst-kix_1ldyut2z2cg9-0 > li:before{content:"● "}ul.lst-kix_chqq9w2c3wdh-2{list-style-type:none}ul.lst-kix_r24kvo36r388-8{list-style-type:none}ul.lst-kix_chqq9w2c3wdh-1{list-style-type:none}ul.lst-kix_r24kvo36r388-7{list-style-type:none}ul.lst-kix_chqq9w2c3wdh-4{list-style-type:none}ul.lst-kix_r24kvo36r388-6{list-style-type:none}ul.lst-kix_chqq9w2c3wdh-3{list-style-type:none}ul.lst-kix_r24kvo36r388-5{list-style-type:none}ul.lst-kix_chqq9w2c3wdh-0{list-style-type:none}ul.lst-kix_r24kvo36r388-0{list-style-type:none}.lst-kix_xjs3ntqmja0-2 > li:before{content:"■ "}ul.lst-kix_r24kvo36r388-4{list-style-type:none}ul.lst-kix_r24kvo36r388-3{list-style-type:none}ul.lst-kix_r24kvo36r388-2{list-style-type:none}ul.lst-kix_r24kvo36r388-1{list-style-type:none}ul.lst-kix_etdwno2dirnm-3{list-style-type:none}ul.lst-kix_etdwno2dirnm-2{list-style-type:none}ul.lst-kix_etdwno2dirnm-1{list-style-type:none}.lst-kix_wxujufc3lk71-1 > li:before{content:"" counter(lst-ctn-kix_wxujufc3lk71-1,lower-latin) ". "}ul.lst-kix_etdwno2dirnm-0{list-style-type:none}.lst-kix_s5ax52et2sl0-4 > li{counter-increment:lst-ctn-kix_s5ax52et2sl0-4}.lst-kix_wxujufc3lk71-3 > li:before{content:"" counter(lst-ctn-kix_wxujufc3lk71-3,decimal) ". "}.lst-kix_wxujufc3lk71-5 > li:before{content:"" counter(lst-ctn-kix_wxujufc3lk71-5,lower-roman) ". "}ul.lst-kix_chqq9w2c3wdh-6{list-style-type:none}ul.lst-kix_chqq9w2c3wdh-5{list-style-type:none}ul.lst-kix_chqq9w2c3wdh-8{list-style-type:none}ul.lst-kix_chqq9w2c3wdh-7{list-style-type:none}.lst-kix_wxujufc3lk71-7 > li:before{content:"" counter(lst-ctn-kix_wxujufc3lk71-7,lower-latin) ". "}.lst-kix_7pnzxogeammg-7 > li{counter-increment:lst-ctn-kix_7pnzxogeammg-7}.lst-kix_hrkf5clyvxnu-7 > li:before{content:"○ "}.lst-kix_jvgvt5koyqnb-0 > li:before{content:"● "}.lst-kix_hrkf5clyvxnu-5 > li:before{content:"■ "}.lst-kix_hrkf5clyvxnu-8 > li:before{content:"■ "}.lst-kix_ysj97sru4q3m-2 > li:before{content:"" counter(lst-ctn-kix_ysj97sru4q3m-2,lower-roman) ". "}.lst-kix_ysj97sru4q3m-3 > li:before{content:"" counter(lst-ctn-kix_ysj97sru4q3m-3,decimal) ". "}.lst-kix_jvgvt5koyqnb-4 > li:before{content:"○ "}.lst-kix_hrkf5clyvxnu-4 > li:before{content:"○ "}.lst-kix_s5ax52et2sl0-2 > li{counter-increment:lst-ctn-kix_s5ax52et2sl0-2}.lst-kix_jvgvt5koyqnb-7 > li:before{content:"○ "}ul.lst-kix_8qsa3gb6q8lw-8{list-style-type:none}.lst-kix_pq4e0ak8rxm5-3 > li:before{content:"● "}.lst-kix_hrkf5clyvxnu-0 > li:before{content:"● "}.lst-kix_jvgvt5koyqnb-8 > li:before{content:"■ "}.lst-kix_7pnzxogeammg-8 > li{counter-increment:lst-ctn-kix_7pnzxogeammg-8}.lst-kix_hrkf5clyvxnu-1 > li:before{content:"○ "}ol.lst-kix_7pnzxogeammg-2.start{counter-reset:lst-ctn-kix_7pnzxogeammg-2 0}ol.lst-kix_wxujufc3lk71-7.start{counter-reset:lst-ctn-kix_wxujufc3lk71-7 0}ul.lst-kix_8qsa3gb6q8lw-0{list-style-type:none}ul.lst-kix_8qsa3gb6q8lw-1{list-style-type:none}.lst-kix_pq4e0ak8rxm5-7 > li:before{content:"○ "}ul.lst-kix_8qsa3gb6q8lw-2{list-style-type:none}ul.lst-kix_8qsa3gb6q8lw-3{list-style-type:none}ul.lst-kix_8qsa3gb6q8lw-4{list-style-type:none}ul.lst-kix_8qsa3gb6q8lw-5{list-style-type:none}.lst-kix_pq4e0ak8rxm5-6 > li:before{content:"● "}ul.lst-kix_8qsa3gb6q8lw-6{list-style-type:none}ul.lst-kix_8qsa3gb6q8lw-7{list-style-type:none}.lst-kix_j241wr6dvxkf-5 > li:before{content:"■ "}ul.lst-kix_xjs3ntqmja0-0{list-style-type:none}.lst-kix_j241wr6dvxkf-8 > li:before{content:"■ "}ul.lst-kix_xjs3ntqmja0-1{list-style-type:none}.lst-kix_wxujufc3lk71-0 > li{counter-increment:lst-ctn-kix_wxujufc3lk71-0}ul.lst-kix_xjs3ntqmja0-2{list-style-type:none}ul.lst-kix_xjs3ntqmja0-3{list-style-type:none}ul.lst-kix_j241wr6dvxkf-7{list-style-type:none}.lst-kix_pq4e0ak8rxm5-2 > li:before{content:"■ "}ul.lst-kix_j241wr6dvxkf-6{list-style-type:none}ul.lst-kix_j241wr6dvxkf-8{list-style-type:none}ul.lst-kix_wghl8njhinrz-0{list-style-type:none}ul.lst-kix_xjs3ntqmja0-8{list-style-type:none}ul.lst-kix_j241wr6dvxkf-3{list-style-type:none}.lst-kix_ysj97sru4q3m-6 > li:before{content:"" counter(lst-ctn-kix_ysj97sru4q3m-6,decimal) ". "}.lst-kix_ysj97sru4q3m-7 > li:before{content:"" counter(lst-ctn-kix_ysj97sru4q3m-7,lower-latin) ". 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Ch .1If you want to learn more check out What is meant by participant observation?

Management

  1. to the pursuit of organizational goals efficiently & effectively
  2. integrating the work of people
  3. planning, organizing, leading, controlling resources

Don't forget about the age old question of coeew

Organization

  • A group of people who work together to achieve some specific purpose

Efficient

  • to use resources - people, money, raw materials - wisely and cost-effectively
  • Efficiency - the means

Don't forget about the age old question of medical terminology word dissection

Effective

  • to achieve results to make the right decisions & to successfully carry them out so that they achieve goals
  • Effectiveness - the ends

Don't forget about the age old question of What does asexual reproduction mean?

Benefits of MGT.

  • Managers do fairly well compared to most workers
  • At lower end, $ 35,000 - $60,000 a year
  • Higher in the hierarchy you achieve in the more privileges your company might provide

If you want to learn more check out What is a homogenous mixture of two or more chemical substances?
If you want to learn more check out sukhdeo rutgers

Rewards of MGT:

  • sense of accomplishment
  • stretch abilities and magnify range
  • build catalog of success
  • become mentor

Mentor

  • An experienced person who provided guidance

4 MGT Functions:

  1. Planning
  2. Organizing                  ↗P → O → L → C
  3. Leading                 C ← L ← O ← P ↙
  4. Controlling

Planning → Setting goals and deciding how to achieve them

Organizing → Arranging tasks, people other resources to accomplish work

Leading → Motivating,Directing and otherwise influencing people to work hard to achieve goals

Controlling → Monitoring performance, comparing it with goals + taking correct action

7 challenges to being an exceptional manager:

Competitive Advantage

Diversity

Globalization

IT

Ethics

Sustainability

Happy vs. Meaningful

Competitive Advantage #1

→ the ability to services more competitors de produce goods on effectively than competitors do

  1. Customer service
  2. innovation
  3. quality
  4. efficiency

        in order to outperform, need to stay ahead in 1,2,3,4

Innovation

  • Finding new ways to deliver better goods or services

Diversity #2

  • maximize contributions of employees diverse in gender, age, race, ethnicity, sexual orientation

Globalization #3

  • understanding how differences globally can affect an organization

Information Technology #4

  • e-communication (email, texting)
  • more data (cloud, databases artificial intelligence)
  • organizational changes

Ethical Standards #5

  • when do outside dilemma's affect the organization

Sustainability #6

  • economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs

Happiness and Meaningfulness #7

  • Happy or Meaningful Life?
  • Being a manager is hard work, not always pleasing, but usually meaningful

Four Levels of MGT:

  1. Top Managers [-]
  • make long-term decisions
  • establish objectives, policies + strategies

  1. Middle Managers [-]
  • implement policies + plans
  • Supervise and coordinate first-line managers

  1. First - Line Managers [-]
  • make short-term operating decisions
  • direct daily tasks

  1. Team Leaders [-]
  • manager of team activities

Functional Manager

  • is responsible for just one organizational activity

General Manager

  • is responsible for several organizational activities

3 types : based on purpose

  1. For-Profit → Formed to make money, or profits by offering products or services
  2. Nonprofit + Offer services, not to make profit

managers in nonprofit are known as "administrators'

  1. Mutual - Benefit → Voluntary collections of members, whose purpose is to advance members' interests

For - Profit measure success by how much profit it generates

2+3 measure success by the effectiveness of it's services

Skills Managers Need

  • Technical Skills → job specific knowledge

first-line managers

  • Conceptual Skills → ability to think analytically, to visualize as a whole and understand how parts work together

top managers

  • Human Skills → work well with others to get things done

all levels

  • Soft Skills → ability to motivate inspire trust, to communicate

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