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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Organization |
A tool people use to coordinate their actions to obtain something they value/desire(to achieve their goal). A response to and a means of satisfying the human need |
People who value security create police force People who value entertainment create Walt Disney |
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Entrepreneurship |
Process by which people recognize opportunities to satisfy needs THEN gather and use resources to meet those needs |
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How organization creates values |
Organization's inputs Organization's conversion process Organization's Environment Organization's output |
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Organization's inputs |
Raw material Money and capital Human resources Information and knowledge Customers of service organizations |
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Organization's conversion process |
Machinery Computer Human skills and abilities |
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Organization's Environment |
Customers Shareholders Suppliers Distributors Government Competition |
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