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Chapter 1: The Management Process Today by Mind Map: Chapter 1: The Management Process Today
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Chapter 1: The Management Process Today

Competitive Advantage

Efficiency

Quality

Innovation

Responsiveness to customers

Managerial Tasks

Planning

Organizing

Structuring working relationships so that they function efficiently

Leading

Show a clear vision of the company's purpose and structuring employees so that they understand the purpose of their work

Controlling

Evaluate how well an organization is achieving its goals and making refinements if necessary

Managerial Levels

First-line Managers

Middle Managers

Top Managers

CEO (Chief Executive Officer)

Managerial Skills

Conceptual

Human

Technical

Miscellaneous

Core Competency

department skills that outperform those of the competitors

Organizational Performance

How effectively and efficiently is the manager using the given resources to achieve organizational goals?

Organizations

A collection of people who work together to achieve a goal

Global Organizations

Organizations that operate in more than one country

Turnaround Management

Ability to completely revamp a company to make it profitable again

Recent Changes in Management Practices

Restructuring

Downsizing a company to make it more profitable

Outsourcing

Empowerment

Expansion of employee's knowledge, tasks and decision-making skills

Self-Managed Team

Group of employees who assume responsibility for their own actions