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MGMT 3000 Cannon Exam 1|20 Questions With Detailed Answers
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MGMT 3000 Cannon Exam 1|20 QuestionsWith Detailed Answers
What are the 4 ongoing challenges that characterize the business landscape?
- --Globalization
-Technoligcal change
-Knowledge and Ideas management
-Collaboration across organizational boundaries
- Globalization - -Corporations that expand internationally
-companies that want to grow tap into international markets
- Management - -the process used to accomplish organizational goals
through planning, organizing, leading, and controlling people and other
organizational resources
- Managing for Competitive Advantage - -A key to understanding a
companies success is understanding how well it both creates and sustains a
competitive advantage.
-bottom line organizational performance
1)innovation
2)quality
3)Service
4)Speed
5) Cost-effectiveness
6)Sustainability
- innovation - -the introduction of new goods and services, a change in
method or technology, a positive useful departure from a previous way of
doing things
-companies must continually innovate or they will die
- quality - -The excellence of your product
-consumers expect high quality goods or services and will accept nothing
short of that
- Total quality - -preventing defects before they occur, achieving zero
defects in manufacturing, designing products for quality, and operating with
a philosophy of continuous improvement
- Top-level managers - -Senior executives responsible for the overall
management and effectiveness of the organization
-strategic managers
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