MAN 3025 Exam 1 Latest Update Graded A+

MAN 3025 Exam 1 Latest Update Graded A+ organization a group of people who work together to achieve some specific purpose management the pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading and controlling the organization's resources efficiency means to use resources-people, money raw materials, and the like - wisely and cost effectively effectiveness means to achieve results, to make the right decisions and to successfully carry them out so that they achieve the organization's goals planning setting goals and deciding how to achieve them organizing arranging tasks, people, and other resources to accomplish the work leading motivating, directing, and otherwise influencing people to work hard to achieve the organization's goals controlling monitoring performance, comparing it with goals, and taking corrective action as needed competitive advantage the ability of an organization to produce goods or services more effectively than competitors do, thereby outperforming them innovation finding ways to deliver new or better goods or services sustainability economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs top managers make long-term decisions about the overall direction of the organization and establish the objectives, policies, and strategies for it middle managers implement the policies and plans of the top managers above them and supervise and coordinate the activities of the first-line managers below them first line managers make short-term operating decisions, directing the daily tasks of non- mangerial personnel team leader a manager who is responsible for facilitating team activities toward achieving key results functional manager responsible for just one organizational activity general manager responsible for several organizational activities for-profit organization goal is to make money, or profits, by offering products or services non-profit organization their purpose is to offer services to some clients, not to make a profit technical skills consist of the job-specific knowledge needed to perform well in a specialized field conceptual skills consist of the ability to think analytically, to visualize an organization as a whole and understand how the parts work together human skills consist of the ability to work well in cooperation with other people to get things done soft skills the ability to motivate, to inspire trust, to communicate with others - are necessary for managers of all levels