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Lecture Notes for MGT 3304 - Mgt Th & Lead Pract with Neck at Virginia Tech (VT)

Notes Information

Material Type:Study Guide 1
Professor:Neck
Class:MGT 3304 - Mgt Th & Lead Pract
Subject:Management
University:Virginia Polytechnic Institute And State University
Term: 2007
Keywords:
  • Justice Rule
  • Practical Rule
  • Individual Ethics
  • Ethics Ombudsman
  • Moral Rights Rule
  • Negative Affectivity
  • Conscientiousness
  • Instrumental Values
  • Need for Power
  • Organization
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Sample Document Text

Chapter 1- The Management Process Today 1234• 1Organizations- collections of people who work together and coordinate their actions to achieve a wide variety of goals or desired future outcomes Management- the planning, organizing, leading and controlling of human and other resources to achieve organizational goals efficiently and effectively Resources include people, their skills, know-how, and knowledge; machinery, raw materials, computers and information technology and financial capital Organizational performance- measure of how efficiently and effectively managers use resources to satisfy customers and achieve organizational goals: increases in direct proportion to increases in efficiently and effectiveness Efficiency- measure of how well or how productively resources are used to achieve a goal Effectiveness- measure of the appropriateness of the goals that managers have selected for the organization to pursue and of the degree to which the organization achieves those goals. Figure 1.1 Low efficiency/ hi...

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