Mgmt 3000 guhde exam 2 Study guides, Class notes & Summaries

entrepreneurship (4) - 1. process of *initiating* a business venture 2. organizing the necessary *resources* 3. assuming the associated *risks* 4. enjoying the *rewards* how many employees do most small businesses have? - none 5 types of small business owners - 1. idealists 2. optimizers 3. hard workers 4. jugglers 5. sustainers idealists - rewarded by chance to work on something new and creative optimizers - get personal satisfaction from being business owners hard workers...

MGMT 3000 Guhde Exam 2 Questions and Answers | Latest Update | 2024/2025 | Graded A+ What is the role of organizational design in management? It involves structuring the organization to achieve its goals effectively. How does decentralization impact decision-making? It empowers lower-level managers to make decisions, promoting agility and responsiveness. What is the primary goal of job specialization? To increase efficiency by allowing employees to focus on a specific set of tasks. H...