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Final Exam Mgt 201: Principles Of Management, EASTERN GATEWAY COMMUNITY COLLEGE, 2025 - Already Graded A

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Final Exam Mgt 201: Principles Of Management, EASTERN GATEWAY COMMUNITY COLLEGE, 2025 - Already Graded A

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The Internet acts as a marketplace, means for manufacturing goods and services,
Technological change distribution channel, and an info service. Drives down costs and speeds up
globalization, improves efficiency of decision making

Set of practices aimed at discovering and harnessing an organizations intellectual
Knowledge management resources. Managers should find, unlock, share, and capitalize on people's expertise,
skills, wisdom, and relationships

Collaboration across boundaries How different parts of the org. collaborate with one another

Innovation, quality, service, speed, cost Fundamental success drivers (6)
competitiveness, sustainability

The introduction of new goods and services in order to adapt to changes in consumer
Innovation
demands and new competitors

The excellence of your product involving attractiveness, lack of defects, reliability, and
Quality
long term dependability

Giving the customers what they need or want, when they want it, continually meeting
Service
the needs of customers to establish long term dependability

Speed Fast and timely execution, response, and delivery of results

Keeping costs low to achieve profits and be able to offer prices that are attractive to
Cost competitiveness
customers

The effort to minimize the use of resources especially those that are polluting and
Sustainability
nonrenewable

Planning, organizing, leading, controlling Functions of management (4)

Making decisions about goals and activities that and individual, group, work unit, or org.
Planning
will pursue while also analyzing current, future situation and objectives

Assembling and coordinating the human, financial, physical, informational, and other
Organizing
resources needed to achieve goals

Leading Stimulating people to be high performers

Controlling Monitoring performance and making needed changes

Top level, middle level, and frontline Management levels (3)

Top level Senior execs responsible for the overall management and effectiveness of the org

Middle level Managers located in the middle levels of the org., reports to top level

Frontline level Lower who supervise the operational activities of the org.

Technical, conceptual and decision skills, Management skills
interpersonal and communication

Technical skill Ability to perform a specialized task involving a particular method or process

Pertaining to the ability to identify and resolve problems for the benefit of the org and
conceptual and decision skills
its members

Interpersonal and communication skills The ability to lead, motivate, and communicate effectively with others

Involves skills of understanding yourself, managing yourself , and dealing effectively
Emotional intelligence
with others (empathy)

Goods and services taken in and used to create products or services (raw materials,
Inputs
services, equipment, capital, information)

Outputs Products and services created

The general environment including government, economy, and other fundamental
Macroenvironment
factors which may affect and org.

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