PART I: INTRODUCTION CHAPTER 1 - MANAGERS AND MANAGEMENT LEARNING OUTCOMES After reading this chapter students will be able to: 1. Tell who managers are and where they work. 2. Define management. 3. Describe what managers do. 4. Explain why it‘s important to study management. 5. Describe the factors that are reshaping and redefining management. Opening Vignette – The Man Behind an African Megabrand SUMMARY Herman Mashaba‚ along with two business partners‚ founded the South African Black Like Me
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The Role of the Project Manager A project manager is the person who has the overall responsibility for the successful initiation‚ planning‚ design‚ execution‚ monitoring‚ controlling and closure of a project. The job title is used in construction‚ petrochemical‚ architecture‚ information technology and many different industries that produce products and services. The project manager must have a combination of skills including an ability to ask penetrating questions‚ detect unstated assumptions
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WHAT IS THE ROLE OF ETHICS IN MANAGEMENT? Ethical management refers to corporate management that not only fulfills economic goals and legal responsibilities‚ but also meets the ethical expectations imposed by social norms in conducting business. There are 5 specific functional areas of management which is covered by business ethics : 1) Ethical management in the workplace. Ethical management is the foundation of CSR (voluntary activities undertaken by a company to operate in an economic‚ social and
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Compare and contrast the role and function of judges‚ lawyers and lay people within the English Courts Judges‚ lawyers and lay people all contribute to the English courts however the roles that each of them play are different. There are two types of lay people that have a role in the English Courts‚ solicitors and barristers. A solicitor’s main function is to perform all of the legal work outside the court however they work together with barristers whose main function is to defend the client in the
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The Role of Finance Manager The role of finance manager in the company is an important one. The function of the finance manager is not confined to the management and making of the accounts but it also plays a major role in dividend decisions‚ capital budgeting decisions‚ capital structure outlay of the firm‚ decision related to the merger and acquisitions‚ and all the investment decisions of the firm. Thus the finance manager plays an important role in any business enterprise. The different
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How Roles and Statuses Affect Behavior There is a fine line between status and role. Status is the position or a rank in a group or social structure. An example of this would be the president‚ Barack H. Obama. The president is a status because it is a position in a social structure; in this case‚ Barack H. Obama would be the president of America. On the other hand‚ a role is an assumed or an expected way a person should behave. For example‚ a mother is an assumed position where as soon as a female
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Task: How would you describe the roles of accountants and finance managers in your own country? You should give a preference and justification for the role you would prefer to have. You should also consider the ethical foundations for the accountant’s role. Your response to the task Accountants and finance managers both playing vital roles in any corporation. Accountants are practitioners of accounting which is a system that does the research of financial activities and collects‚ analyzes and
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The role of a Strategic Leader in an Organization Herman A. Mason Jones International University Abstract The notion of management has been in existence since time immemorial‚ and so has the concept of strategy‚ which finds it roots in military parlance. It was the responsibility of the military leader to organize and plan his military engagements in
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What do people managers do? Who are studying for the professional exams of the Chartered Institute of Personnel and Development (CIPD)‚ describe the general role of people management as comprising specific objectives under four headings: staffing‚ performance‚ change management‚ and administration. Staffing objectives are firstly concerned with ‘getting the right people in the right jobs at the right times’ – i.e. the recruitment and selection of staff‚ but increasingly these days also advising on
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OLR 1 Kotter‚ J.‚ “What Leaders Really Do‚” HBR‚ 1900 Many people wonder the differences in management and leadership. Kotter (1990) clearly states the differences between management and leadership. He mentions that management is about dealing with complexity‚ while leadership is about dealing with change. Companies manage complexity in three ways. First‚ managers plan and budget to achieve their rather short-term goals. These goals are short-term because in the rapidly changing business
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