management exam 1

Challenges that Characterize the Current Business

Landscape include....

• globalization

• Technology change

• knowledge management

• Collaboration

Corporations operate worldwide, transcending national borders by tapping international markets

• globalization

• Technology change

• knowledge management

• Collaboration

Engagement in artificial intelligence (AI) and machine learning, data protection, 5G etc. The internet

can be a threat and business opportunity. AI can interfere between humans and technology and

society

• globalization

• Technology change

• knowledge management

• Collaboration

The set of practices aimed at discovering and harnessing an organization’s intellectual resources –

finding , unlocking, sharing, and capitalizing on people expertise, skills, wisdom and relationships

• globalization

• Technology change

• knowledge management

• Collaboration

Requires productive communications among different departments, divisions, or subunits of the

organization.

Coopetition: simultaneous competition and cooperation among companies with the intent of

creating value

• globalization

• Technology change

• knowledge management

• Collaboration

A key to understanding the success of a company is how well it both creates

and sustains competitive __________

Delivering Strategic Value.

• Systematically making decisions about goals and activities to

be pursued

First function of management

Building a Dynamic Organization.
• Assembling and coordinating resources needed to achieve
goals.

second function of management

Mobilizing People.
• Efforts to stimulate high performance by employees.

Third function of management

Mobilizing People.
• Efforts to stimulate high performance by employees.

Fourth function of management