Understanding Management

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Intro to Management
Homework Assignment 1

1. What do you think about having a manager’s responsibility in today’s world, characterized by uncertainty, ambiguity, and sudden changes or threats from the environment? Describe some skills and qualities that are important to managers under these conditions. Good management skills and actions are keys to helping any organization weather crisis and remain healthy, inspired, and productive. Managers have to keep pace with ever-advancing technology, find ways to incorporate the internet and e-business into their strategies and business models and strive to remain competitive in the face of increasingly tough global competition, uncertain environments, cutbacks in personnel and resources, and massive worldwide economic, political, and social shifts. Managers must do more to engage whole employees, to see change rather than stability at the nature of things, and to inspire vision and cultural values that allow people to create a truly collaborative and productive workplace. Making a difference as a manager today and tomorrow requires the integration of solid, tried and true management skills with innovation approaches that emphasize the human touch, enhance flexibility, and engage employees’ hearts and minds as well as their bodies. 2. What is the difference between efficiency and effectiveness? Which is more important for performance? Can managers improve both simultaneously? According to the textbook, “Understanding Management “by Richard Daft; Effectiveness is the extent to which the organization achieves a stated goal and efficiency is the amount of resources used to achieve those goals. In order to find out which one is more important, you should look at all of your strategic management decisions and determine whether they are aimed at effectiveness or efficiency. The reason you should do this is because most management are focused toward efficiency. Because of this, you can forget to include management...
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