MGMT 371 Chapter 1 Notes
MGMT 371 Chapter 1 Notes MGMT 371 002
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MGMT 371 002
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This 1 page Class Notes was uploaded by Richard Martin on Sunday August 28, 2016. The Class Notes belongs to MGMT 371 002 at University of South Carolina taught by Patrick J. Demouy in Fall 2016. Since its upload, it has received 154 views. For similar materials see Principles of Management in Business Administration at University of South Carolina.
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Date Created: 08/28/16
Chapter 1 Wednesday, August 17, 2016 6:19 PM • Management is the attainment of organizational goals in an effective and efficient manner • Four basic principles of management:planning, organizing, leading, and controlling ○ Planning: select goals and ways to attain them ○ Organizing: assign responsibility for task accomplishment ○ Leading: use influence to motivate employees ○ Controlling: monitor activities and make corrections • Organizational effectiveness: the degree to which the organization achieves a goal • Organizational efficiency: refers to the amount of resources used to achieve an organizational goal • Three categories of skills: conceptual, human, technical • Conceptual: ability to see whole organization, to think strategically in long-term view, identify, evaluate, and solve complex problems, important at top levels • Human: ability to work with other people as a group by motivating, coordinating, leading and resolving conflicts, important at all levels • Technical: knowledge of methods, techniques and equipment involved to solve problems in a specific function, important at low levels • Onshoring: bringing manufacturing back to the county it used to be in • Efficiency comes after effectiveness • 3 primary goals managers have: ○ Interpersonal: leader, liaison, figurehead ○ Informational: monitor, spokesperson ○ Decisional: entrepreneur, resource allocator, negotiator
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