Daily 1 Flashcards
1
Q
Globalization
A
- offices/production facilities across world
- talent and competition across world
- affects large and small companies
- changed face of workspace
1
Q
Managing in a competitive world:
A
- globalization
- knowledge management
- collaborations across boundaries
- technological change
2
Q
technological change
A
- online customer engagement, AI, data protection, cloud computing
- challenges created by rapid changes
- internet creates opportunities but also introduces threat
- will start to adapt to peoples references
3
Q
Knowledge Management
A
- funding, unlocking, sharing and capitalizing on the most precious resources of an organization: expertise, skills, wisdom and relationships
4
Q
Collaboration across boundaries
A
- coopetition: is simultaneuous competition and cooperation among companies with the intent of creating value
- requires productive communications among different departments, division or subunits of the organization
5
Q
Managing for competitive advantage:
A
Innovation and quality
6
Q
innovation: introduction of new goods and services
A
- service
- speed
7
Q
quality: excellence of your product
A
- cost
- competitiveness
8
Q
Functions of management - Henry Fayol
A
- planning
- organizing
- leading
- controlling
9
Q
planning.
A
systematically making decisions
10
Q
organizing
A
making sure that all resources hat you have in place is organized
11
Q
leading
A
trying to stimulate high performance people
12
Q
controlling
A
how you monitor performance
