To be successful leaders in the global business world of the 21st century, managers must put into place processes and procedures that will ensure that their company is both cost-effective and efficient. Such decisions allow them to increase the productivity and competitiveness of their organizations. Managers must balance the pressures to improve both production and delivery—with the relative costs and profit margins related to each.

With this in mind, reflect on the theories, concepts, and strategies presented in this course.

  summarize the following reflections:

• Describe how your attitude about business management has been impacted by the information you gained in this course.
• Consider what you have learned in this course about management theories, concepts, and strategies. Identify the knowledge and insights you think will be most useful in developing your own management style. Be specific.

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