Management 300 Week 1
Management 300 Week 1 MGT 300
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This 1 page Class Notes was uploaded by Alexa Rains on Saturday January 30, 2016. The Class Notes belongs to MGT 300 at University of Alabama - Tuscaloosa taught by Badrach in Fall 2016. Since its upload, it has received 58 views. For similar materials see Management 300 in Business, management at University of Alabama - Tuscaloosa.
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Amazing. Wouldn't have passed this test without these notes. Hoping this notetaker will be around for the final!
-Gage Hilpert Jr.
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Date Created: 01/30/16
MGT 300 Chapter 1 It’s a new world The internet and Intellectual Capital Knowledge Workers -‐ job involves handling or using information Globalized Economy -‐ the interdependence of national, regional and local economies across the world Heightened Transparency Ethics and Ethical Decision Making Corporate governance -‐ boards and oversight Changing work realities Workforce diversity new perceptions of the roles of groups of people in the workforce (gender, ethnicity, race, socioeconomic class) New definition of what ‘career’ means Mastery, networking, entrepreneurship, technology, marketing, renewal Free-‐agent economy Free agent -‐ a person who does not have any commitments that restrict their actions More and more people consider themselves to be free agents instead of long-‐ term employees Self-‐management -‐ taking responsibility for one's own behavior and well-‐being Employers distribute responsibilities to employees and then allows them to self manage The ‘Organization’ An open system Productivity -‐ quantity and quality of resource use Effectiveness vs efficiency Management Managers help others achieve work outcomes Top managers -‐ “C” levels Middle managers -‐ division/region/plant First-‐Line managers -‐ department/team The Management Process Planning -‐ setting objectives Controlling -‐ measuring performance Leading -‐ inspiring others Organizing -‐ arranging tasks, people, and resources Technical skills, interpersonal skills, critical thinking Self assessment -‐ career readiness (The Big 20)
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