Chapter 1 Notes .docx - MGT 361 What is an Organization...

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MGT 361 01/18/18 What is an Organization? Discussion Not slides What is the purpose of an organization? What is a publicly traded corporation- how is it unique? Purpose: make money (excluding non-profit) spread awareness survival/competition combine resources human technology capital (e.g. raw materials) provide goods and services conversion process Publicly traded: must manage appearances (appease shareholders) In your mind, what defines the modern organization? Corporation? Characteristics: Rationality establishes a frame of rules to guide actions Rules/reward or punishment Efficiency (measure inputs/outputs or optimize production by resource) Effectiveness (what impact does the organization have internally/externally?) Reliability— Durability— Global reach Advanced technology Rapid innovation Centralized/hierarchy vs more spread out/individualized…?
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  • Spring '16
  • Sophia Marinova
  • Social Capital, Corporation, negative effects, e.g. raw materials, The modern corporation, Mass production principles

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