Management Fundamentals 5th Edition by Robert Lussier

Exercise 7

Objective
To gain experience in determining ways to increase productivity
Skills
The primary skills developed through this exercise are:
1. Management skill - decision making
2. AACSB competency - analytic
3. Management function - controlling
1. Select a place where you work or have worked. Identify the few critical success factors that were/are important for your job/department success.
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2. Determine ways to cut input costs but maintain outputs in order to increase productivity. Identify ways to save time and money. How can things be done cheaper?
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3. Determine ways to increase outputs but maintain inputs in order to increase productivity. What can be done to produce more? How can things be done quicker and better?
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Apply It
What did I learn from this experience? How will I use this knowledge in the future?
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