BCOR 2300 - Management Chapter 1 Management today is...

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Management Chapter 1 Management today is focused on innovation as process of both creating new ideas and putting them into practice. This involves a combination of insight and creativity, what some call invention, with actual implementation Competition drives a business to innovate for either success or survival This time is a time of “unparalleled opportunity and unprecedented uncertainty” – where smart people and smart organization great their own futures Figuring out how to get the best out of all of the people Working Today Organizations are expected to continuously excel on performance criteria that include concerns for ethics and social responsibilities, innovativeness, and employee development as well as more traditional measures of profitability and investment value Intellectual Capital Intellectual Capital: collective brainpower or shared knowledge of a workforce that can be used to create value People- what they know, what they learn, and what they do with it –are the ultimate foundations of organizational performance Continuously learn from experience and reach the heights of personal competency and accomplishment Knowledge worker: someone whose mind is a critical asset to employers and who add to the intellectual capital of the organization Globalization Globalization: the world wide interdependence of resource flows, product markets, and business competition that characterizes our new economy A process in which “improvements in technology (especially in communications and transportation) combine with the deregulation of markets and open borders to bring about vastly expanded flows of people, money, goods, services, and information Technology More telecommuting instead of reporting to an office everyday is happening Keeping up with technology Demand for knowledge workers with the skills to best utilize technology is increasing Computer literacy must be mastered and continuously updated as a foundation for career success Diversity Workforce diversity: describes differences among workers in gender, race, age, ethnicity, religion, sexual orientation, and able-bodiedness more seniors, women, minorities, and immigrants are in the workforce.
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Diversity not to meet numbers Prejudice:
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This note was uploaded on 02/02/2010 for the course BCOR 2300 taught by Professor Lopresti,a during the Spring '07 term at Colorado.

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BCOR 2300 - Management Chapter 1 Management today is...

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