CHAPTER 1 MANAGING EFFECTIVELY IN A CHANGING WORLD
I. THE FOUR FUNCTIONS OF MANAGEMENT
- Management - working with people and resources to accomplish organizational goals.
To be effective is to achieve organizational goals.
To be efficient is to achieve
Dr. Arizes Classnotes
Question 14: Suppose that there are two events E1 and E2 such that P (E1) = 0.20 and P
(E2) = 0.30
a) Given that E1 and E2 are independent, what is P (E1 E2)?
P (E1 E2) = P (E1) * P (E2)
= 0.2 * 0.3
b) Given that E1 a
- Universalism, Values that people uphold for society to function
- Egoism, individual self-interest. Self-interest trumps Doing the right thing.
- Utilitarism (73), The greatest good for the greatest number of people
- Relativism (74), knowledg
Dec. 1, 2015
The British Airways Swipe Card Debacle
1. From each change perspective, what are the key issues to understanding the wildcat strike?
From an OD perspective the key issue to understand the wildcat strike is the forced impositi
Strategic Management: Is the most important thing to a successful business. Is a full set of
commitments, decisions, actions leading to sustainable competitive advantages and above- average
returns. Involves analysis, strategy and performance. Analysis th
Building Companies to Last
Inc. Special IssueThe State of Small Business
by Jim Collins
In a world of constant change, the fundamentals are more
important than ever
In this era of dramatic change, were hit from all sides with lopsided perspectives th
Functions of management p. 9
Management is getting things done through people both effectively and efficiently
Planning: developing goals and strategies to achieve these goals
Organizing: establishing a structure, prioritizing things and co
Types of Power
Power: the ability to influence someone to do something
1. Expert Power A person with expert power has certain knowledge and experience on the
subject that the group is working on.
2. Referent Power A person with referent power can influenc