Business Fudamentals Module 1

A good manager has to be agressive

A MultinationalCorporation that centralizes management and other decisions in the same country

Licensing and Frnchising are ways for companies to go global

Products and services are considered OUTPUTS

Efficiency = less resource usage

Does a amanager need emotional control?

Monitoring activities to ensure that they are accomplished as planned

Defining goals, establishing strategy and developing subplans to coordinate activities

Individuals in an organization who direct and oversee the activities of other people

Doing a task correctly, or getting the most output from the least number of inputs (people, money, equipment)

People who work directly on a job or task and have no responsibility for overseeing the work of others.

A type of international company that maintains operations in multiple countries

Covid 19 can be considered....

Directing and coordinating the work activities of an organization´s people

Leaders influence people, Managers execute tasks

Commercial enterprise that buys and sells products and/or services to consumers with the aim of making a profit

The shared values, principles, traditions and ways of doing things that influence the way organizational members act.

Determining what needs to be done, how it will be done and is to do it

Effectiveness = More goal achievement

Doing the right things, or completing activities so that organizational goals are attained

Efficiency and effectiveness are different but interrelated

Company culture is a perception, descriptive and shared

Managers need to be aware of the impact of the external environment on their organization

Refers to factors, forces, situations and events outside the organization that affects its performance

Raw materials, Services, Equipment, Capital and Information are considered INPUTS

Does external factors affect managers?

Characteristics that all organizations share...

Inputs + Manufacturing = Outputs

Employees learn the culture through stories, rituals, symbols and language

Deliberate arrangement of people brought together to accomplish some specific purpose