Lecture Notes 2.4.10.docx

MGMT 370 Lecture Notes 2.4.10 Exam 1 Question Breakdown Intro/What Managers Do?10 Questions Contributions to Management Theory?7 questions Systems and Contingency Theory?12 questions Emerging Theories/Fads?4 Questions Global Issues?10 questions Social Responsibilty/Ethics?8 questions Organizational goals?6 questions Good to Great?4 questions The World Is Flat?Thomas Friedman World Flatteners Fall of the Berlin Wall Pent up demand for products and information. Symbolizes an end to communism. It used to be that the government was management so no management was necessary, transition from planned economies to market economies Netscape Goes Publc Culmination of technology that let computer users talk to each other. Fiber-optic cable made access more economical Work Flow Software Technological advance, allows computers to interface with each other, combine computers to up computing power Open Sourcing Form of technology that allows for the pooling of intelligence, enables bloggers to compete Out Sourcing Started in India?large, educated population, we needed Indians to solve the y2k problem remotely. Now, jobs are outsources so that lower wages can be paid. Outsourcing takes the function of a business and farms it out to somebody else Offshoring Transfer of a factory overseas. Suppy Chaining Inputs being transformed to outputs. Following raw material through from company to consumer, Use available information to improve efficiency. Insourcing Hire someone to come INTO your company and do that function for you Ex. UPS coordinates all the supply trucks for Papa John?s In-Forming Everyone has the ability to create own information service, watch things when you want The Steroids Idea that new technology that allows us to interact differently, this levels the playing field. People in foreign countries will have all the same information at their fingertips as people in America.