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Reflection Summary

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Week One Reflection Summary
MGT/230
June 20, 2012

Reflection Summary
Week one discussed three chapters which were managing, the external environment and organizational culture.
Management
In chapter one, we learned about the four key elements that make the current business landscape very different from the one we knew in the past. These are known as globalization, technological change including the development and applications of the Internet, knowledge management and collaboration across organizational boundaries.
Managing in the New Competitive Landscape
We learned that globalization is one of the most important part is any business. Many corporations do business worldwide and globalization helps them interact with other countries worldwide. It helps companies grow. Technology is another part of the business world, which created opportunities. Knowledge management helps learn new ideas, collaborate, and put those ideas into success. We also learned that one of the most important processes of management is to make sure people in different organizations communicate and collaborate the right way in different departments. Collaboration across organization boundaries is the main key for any business to succeed.
Managing for Competitive Advantage
Another very important section was the discussion on how to survive in any business. To do so, people must assure themselves they can compete with other competitors, gain advantage so they can also gain profit. Innovation plays a big role because it helps introduce new goods and services to people. Sometimes the most important innovation is not the actual product but the delivery of the product. Quality is the excellence of any product. Management must make sure they give the right service to their customers that is what they want and need, and when they want it. Speed is actually very important as well because

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