Difference between efficiency and effectiveness

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If you make fair use of published materials in forming your responses, remember to include an appropriate citation.  Use APA style.  Failure to properly cite the work of others will result in a reduction of your grade. Remember that the materials presented in this course are sufficient to craft cogent responses to these questions.  If you chose to use external references, e.g., the Internet, remember that these responses will receive greater scrutiny and any hint of plagiarism will result in a grade of zero.

Questions:

1. Describe the difference between efficiency and effectiveness in a business.

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2. Choose a business with which you have some familiarity and describe the division of labor. Give at least three examples.

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3. Explain why management might take these two different approaches to managing a workforce. Give at least one example.

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4. Describe Michael Porter's Five Forces Model. Use them in an example.

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5. Describe five structures that management might use to organize a corporation.

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6. Describe Equity Theory and Expectancy Theory.

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7. Imagine you are the manager of a hotel. What actions would you take to reduce social loafing among the cleaning staff?

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8. Do you believe the Mexican drug cartels, as businesses, are effective? Defend your position.

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9. What is organizational culture?

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10. How does management change an organization's culture?

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Reference no: EM132446440

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