Preview

Management

Powerful Essays
Open Document
Open Document
20374 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Management
CHAPTER

1

Managers and Managing

Learning Objectives
After studying this chapter, you should be able to:
LO1-1 Describe what management is, why management is important, what managers do, and how managers utilize organizational resources efficiently and effectively to achieve organizational goals. LO1-2 Distinguish among planning, organizing, leading, and controlling (the four principal managerial tasks), and explain how managers’ ability to handle each one affects organizational performance. LO1-3 Differentiate among three levels of management, and understand the tasks and responsibilities of managers at different levels in the organizational hierarchy. LO1-4 Distinguish between three kinds of managerial skill, and explain why managers are divided into different departments to perform their tasks more efficiently and effectively. LO1-5 Discuss some major changes in management practices today that have occurred as a result of globalization and the use of advanced information technology (IT). LO1-6 Discuss the principal challenges managers face in today’s increasingly competitive global environment.

Management

part 1

A MANAGER’S CHALLENGE
Steve Jobs has Changed His Approach to Management

What is high-performance management? In 1976 Steven P. Jobs sold his
Volkswagen van, and his partner Steven Wozniak sold his two programmable calculators, and they used the proceeds of $1,350 to build a circuit board in Jobs’s garage. So popular was the circuit board, which developed into the Apple II personal computer (PC), that in 1977 Jobs and Wozniak founded Apple Computer to make and sell it. By 1985 Apple’s sales had exploded to almost $2 billion, but in the same year Jobs was forced out of the company he founded. Jobs’s approach to management was a big part of the reason he lost control of Apple. Jobs saw his main task as leading the planning process to develop new and improved PCs. Although this was a good strategy, his management style was often

You May Also Find These Documents Helpful

  • Powerful Essays

    MANAGEMENT

    • 3061 Words
    • 18 Pages

    I certify that this assignment/report is my own work, based on my personal study and/or research…

    • 3061 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    The paradox of the raven was best and easily explained through an example using ravens of all things. The paradox of the raven concerns confirmation of a question or an idea in a philosophical way. The confirmation is supported through a hypothesis as used in science and also though life. Evidence may support the hypothesis and then it would need to be confirmed. The evidence might count against the hypothesis, which would disconfirm the hypothesis.…

    • 368 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Management

    • 1203 Words
    • 5 Pages

    1.Inventory management is the planning and controlling of inventories in order to meet the competitive priorities of the organization.(Points : 2)…

    • 1203 Words
    • 5 Pages
    Good Essays
  • Good Essays

    management

    • 590 Words
    • 3 Pages

    Throughout history, population growth has triggered many different factors in developing countries. Every country, business, and government has felt the impact of the unforeseen disasters and diminishing resources on our planet. I think one way that we can see these changes is through the “Latesvology Conceptual Model”. This model measures changes in society. The changes are economic, societal values and understanding the variances and pressure points that impact changes. Economic patterns over time are essential for understanding these changes, the two assumptions are “ that more is preferable to less”, and that the “ desire for more can never be satisfied”.…

    • 590 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Management

    • 1682 Words
    • 6 Pages

    One of the most efficient procedure to provide feedback to staff, is providing a system of ongoing feedback on issues of performance which creates an open dialogue with staff about any issues or problems happening in the workplace. Supervisors and managers should make staff comfortable about the feedback to be given or received in order to make them improve their performance and bring positive results to the organization. By providing positive or negative feedback, it’s essential to prepare well before talking with employees. Staffs feedback can and often does occur in the form of a structured formal review, but it doesn’t have to, it can be informal as well.…

    • 1682 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    management

    • 856 Words
    • 4 Pages

    6. Sam is trying to build a castle from sand in the sand pit when you notice he is having difficulty. He throws the sand in the air and walks away. What would you say and do?…

    • 856 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Management

    • 861 Words
    • 4 Pages

    Aetna 's managed care organization mission is to help people find quality health care at a low cost so they can achieve financial security and maintain a healthy status. They work with doctors, hospitals, employers, patients, public officials, and others so they can build a stronger health care system for the public (Aetna Inc, 2001). Humana 's managed care organization helps the public find out how their government works and how they can get involved (Humana, 2012). Humana helps deliver new innovations and they provide guidance to the public so that they can make health care and health benefit decisions. United Health Group managed care organization as a goal of helping people get healthier by helping to improve the health care system. United Health group has products and services that empowers individuals, expand consumer choice and strengthens patient-provider relationships across the health care spectrum (UnitedHealth Group, 2013).…

    • 861 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Management

    • 1308 Words
    • 6 Pages

    Assuming a business ethical dilemma, which statement best illustrates Gilligan approach suggested in her theory of “The Ethics of Care”?…

    • 1308 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Management

    • 895 Words
    • 4 Pages

    The body of this paper with give a clear idea of how leadership and management work in a holly congregation. Leadership and management are similar but different. A leader is the basic thought of who a person is. They also think differently, which make them a great leader. A manager is a mirror or a copy of a leader. The present public speaker that comes to mind who is a leader but also a manager is Apostle Darryl Glen McCoy Sr. who is the founder and general overseer of Trumpet In Zion Fellowship, Inc.…

    • 895 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Management

    • 760 Words
    • 4 Pages

    On, November 28, 2006, I attended a Finance Club meeting in room 303. The topic of discussion was “T.Rowe Price”. Shelly Brown, a Corporate Recruiter of T.Rowe Price, was the speaker. She talked about the history of the company, their mascot “The Long Horn Sheep”, and career opportunities within the organization.…

    • 760 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    MANAGEMENT

    • 2807 Words
    • 31 Pages

    MKTG7501– Marketing Seminar 2 Creating Value and Competitive Advantage 1 COMPETITION AND COMPETITIVE ADVANTAGE Today understanding your competitor is not enough – Marketers must consider not only the needs of the target market but also the strategies of competitors  Competitive advantage - An advantage over competitors gained by offering consumers greater value  The first step is the competitor analysis – Followed by the process of identifying major competitors, assessing their objectives, strategies, strengths and weaknesses, and selecting which competitors to attack or avoid  2 STEPS IN ANALYZING COMPETITORS…

    • 2807 Words
    • 31 Pages
    Powerful Essays
  • Satisfactory Essays

    Management

    • 538 Words
    • 3 Pages

    According to the power base inventory these are the results in percentages. I score 50% in Information, Expertise, and Authority. One of the sections I was a little surprised because I do believe in reward but do not use it as an incentive to get people to like me, the score was 40% and 10% for goodwill. When I find out the score for Discipline it made me feel good and somewhat comfort. The score was 90% which according to the power base inventory discipline might involved criticizing undesirable behaviors, penalizing team members for rule violations, or firing team members whose performance in unacceptable (pg.18).…

    • 538 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Management

    • 2487 Words
    • 10 Pages

    Brunel, J 2006, Integrated wealth management: The new direction for portfolio managers, Euromoney Books, London.…

    • 2487 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Management

    • 2396 Words
    • 10 Pages

    BIS315 Database Management Systems PDF Created with deskPDF PDF Writer - Trial :: http://www.docudesk.com Chapter 1 Introduction to Databases Dr. Jihene Kaabi Harrath University Of Bahrain First Semester 2010-2011 1 • A database is a collection of related data. • A Database Management System (DBMS) is the software that BIS315 PDF Created with deskPDF PDF Writer - Trial :: http://www.docudesk.com Database Management Systems Introduction manages and controls access to the database. • A database application is simply a program that interacts with the database at some point in its execution. • A database system is a collection of application programs that interact with the database along with the DBMS and the database itself.…

    • 2396 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Management

    • 1967 Words
    • 7 Pages

    Select an organisation of your choice that exemplifies an autocratic style of leadership being used. State pros and cons of such a style of leadership being used in the organisation. Support your discussion with the relevant examples.…

    • 1967 Words
    • 7 Pages
    Powerful Essays

Related Topics