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MGT 300 Ball State University Terheide Exam 1 Ch. 1-4 | Questions And Answers Latest {} A+ Graded | 100% Verified $13.48   Add to cart

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MGT 300 Ball State University Terheide Exam 1 Ch. 1-4 | Questions And Answers Latest {} A+ Graded | 100% Verified

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MGT 300 Ball State University Terheide Exam 1 Ch. 1-4 | Questions And Answers Latest {} A+ Graded | 100% Verified

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MGT 300 Ball State University Terheide Exam 1 Ch. 1-4 | Questions And Answers Latest
{2024- 2025} A+ Graded | 100% Verified


Organization - collections of people who work together and coordinate their actions to achieve a wide
variety of goals or desired future outcomes



4 pillars of management - Planning,

Organizing,

Leading,

Controlling



Organizational performance - A measure of how efficiently and effectively a manager uses resources to
satisfy customers and achieve organizational goals.



Efficiency - A measure of how well or how productively resources are used to achieve a goal



Effectiveness - A measure of the appropriateness of the goals an organization is pursuing and the degree
to which the organization achieves those goals.



Organizing - Structuring working relationships so organizational members interact and cooperate to
achieve organizational goals



Organizational Structure - a formal system of task and reporting relationships that coordinates and
motivates organizational members so they work together to achieve organizational goals



Leading - articulating a clear vision and energizing and enabling organizational members so they
understand the part they play in achieving organizational goals



Controlling - Evaluating how well an organization is achieving its goals and taking action to maintain or
improve performance



Three types of managerial roles: - Decisional

, Interpersonal

Informational



First-line managers - Responsible for the daily supervision of non-managerial employees



middle managers - Responsible for finding the best way to use resources to achieve organizational goals.

Responsible for human and other resources



Top managers - Establish organizational goals



Conceptual skills - the ability to analyze and diagnose a situation and to distinguish between cause and
effect



Human skills - The ability to understand, alter, lead, and control the behavior of other individuals and
groups.



Technical skills - Job-specific skills required to perform a particular type of work or occupation at a high
level.



Core competency - Specific set of departmental skills, abilities, knowledge and experience that allows
one organization to outperform its competitors. (Skills for a competitive advantage)



Restructuring - Downsizing an organization by eliminating the jobs of large numbers of top, middle, and
first-line managers and non-managerial employees



Outsourcing - Contracting with another company, usually in a low-cost country abroad, to perform a
work activity the company previously performed itself



Empowerment - Giving employees more authority and responsibility over how they perform their work
activities

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