CMEC01 12/8/06 8:50 Page 1 Chapter 1 Managers and Managing LEARNING OBJECTIVES After studying this chapter‚ you should be able to: ✓ Describe what management is‚ why management is important‚ what managers do‚ and how managers utilise organisational resources efficiently and effectively to achieve organisational goals. ✓ Distinguish among planning‚ organising‚ leading and controlling (the four principal managerial functions)‚ and explain how managers’ ability to handle each one can affect organisational
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Journalism Ethics – A Case Study It is always important for reporters to remember to incorporate the right ethical guidelines when writing a story‚ so that the news remains objective‚ informative and proper. However‚ some like to ignore ethics in order to make their news story more interesting to read and thus‚ gather a wider readership. Some of the many issues of journalism ethics include the limits of free speech‚ accuracy and bias‚ fairness and privacy‚ the use of graphic images‚ conflicts of
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Case 5-60 1. The solution Doug proposes is not ethical. Although maintaining the current plant-wide rate is probably not illegal‚ its continuation has one purpose: to extract profits from government business. Doug knows the plant-wide rate is not accurately assigning overhead costs to various jobs and is willing to alter the assignments on an “unofficial basis” for purposes of bidding on private-sector jobs. Fundamentally‚ ethical behavior is concerned with choosing right over wrong. To knowingly
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Leaders and Managers Before I begin to discuss about leaders and managers‚ management and leadership need to be defined. According to Jones & George‚ management is defined as “the planning‚ organizing‚ leading and controlling of human and other resources to achieve organizational goals efficiently and effectively. (cited in Jones & George‚ 2007‚ p. 5). Thus a manager plans‚ organizes‚ leads and controls the assets of an organization. As stated by the previous definition‚ leadership is a part
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competitive world‚ nowadays‚ managers play a crucial role in remaining operations of companies. With increasingly rapid changes in the technology‚ culture and economy‚ a manager is put on a lot of pressure to ensure that the company is run in an effective way. A successful manager operates as catalysts‚ enablers‚ developers and coaches to help others make decisions instead of making them all themselves (Mitch McCrimmon‚ 2010). As Dario Priolo (2011) said‚ an "effective" manager takes responsibility for
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FACTS Luke is an employee at ABC Company. Luke’s managers asked him to work on a new project to develop land bought by ABC. The company plans to use this land‚ which is located on the corner of his brother’s neighborhood‚ for an adult entertainment store. Luke’s brother‚ Owen‚ asked his opinion on whether he should sell his home to a buyer who had offered a decent price or keep it and wait for a better offer. Luke wants to tell his brother‚ but he is obligated to hold the information about
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Managers make many decisions every day. Thankfully there are many tools available to a manager as they make these decisions. Tiffany is a General Manager of a franchise in the quick service restaurant industry. She is faced with decisions dozens of times in one day. A large portion of the decisions that she is faced with are made to solve structured problems‚ however‚ sometimes an unstructured problem does arise that she needs to address. As well as solving problems Tiffany must also make plans to
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When its original incarnation‚ the Long-Term Credit Bank of Japan‚ failed in 1998‚ it set in motion a series of paradigm shifts for the bank. First‚ the bank was sold to a US private equity group‚ Ripplewood. This was controversial as‚ per the case material‚ “corporate Japan loathed private equity groups‚ and the government was reluctant to allow a foreign group to control a major local bank.” Thus‚ right from the start‚ Shinsei Bank had an uphill climb ahead of it in terms of public acceptance
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Managers are responsible for ensuring that tasks are performed by people or employees in an organisation. There are three ways to understand managers. A classic way of analysing the task of management is by examining management from the point of the functions performed by managers. The second approach is to observe the roles of managers while the third is to analyse the skills required by managers. A manager is a person whose job it is to oversee one or more employees‚ divisions‚ or volunteers to
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Content Page Introduction 1 Interviewee #1 2 Interviewee #2 3 Interviewee #3 4 Analysis 6 Discussion
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