CHAPTER SUMMARY 1. Basic concepts Organizational Structure: is the formal framwork by which job tasks are divided grouped and coordinate Organizing: is the process by which management seeks its objectives by combining the efforts of people under its supervision Organizational design: a process of selecting and executing an organizational structure consistent with the organizational strategies and environment 2. Six key elements Work specialization (division of labor): is the degree to which
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Chapter 1: Basic Concepts * Strategic Management: set of managerial decisions and actions that determine the long-run performance of a corporation. * Phases of Strategic Management: * Phase 1: Basic financial planning * Phase 2: Forecast-based planning * Phase 3: Externally oriented planning * Phase 4: Strategic Management * Benefits of Strategic Management: * Clearer sense of strategic vision for the firm * Sharper focus on what is strategically
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THE HISTORICAL ROOTS OF CONTEMPORARY MANAGEMENT PRACTICES The Premodern Era Organized activities and management have existed for thousands of years‚ for example‚ the construction of the Egyptian pyramids and the Great Wall of China. Michelangelo‚ the genius artist of the Renaissance era‚ was a manager himself. In order to paint the ceiling of the Sistine Chapel and other great things‚ he personally selected his workers‚ trained them‚ and assigned them to one or more teams‚ and he kept detailed
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Four Principles of Management Jacqueline Garcia University of Phoenix November 10‚ 2007 Many Fortune 500 companies have management training programs. A company must always have the competitive edge over its competitors. These companies must invest in creating curriculums to help the mangers create motivation in the employees as well as attain the goals set forth by the corporation. According to the Random House Unabridged Dictionary‚ management is "the act or manner of managing: handling
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to surface 4 of these characteristics‚ with specific references made to Mr Ian Low‚ blogger of The Silver Chef. Self-Awareness Self-awareness is defined as the awareness of how an individual’s behaviour affects others (Floyd‚ 2010). An effective communicator must be aware of his individuality and behaviour and how others may be affected by his behaviour‚ more specifically‚ whether it fits within the situation as well as social setting. Emotional intelligence would therefore be key and would
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MOTIVATION THEORY AND PRACTICE 1.0 Equity Theory The equity theory was proposed initially by Adams (1963). The focus of the theory has been to understand the motivational aspect of employees. The equity theory is based on the distributive justice principles promulgated to take care of social justice by balancing the economical disadvantages that existed in that period. It focuses on the need for fairness and justice as related to several human behaviors especially used by administrators
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LEADERSHIP THEORIES AND PRINCIPLES I. Introduction Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. Good leaders develop through a never ending process of self-study‚ education‚ training and experience. II. Body/Content Leadership theories have emerged through the centuries. They focus on the qualities distinguished between leaders and followers. Others looked at
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Unit 2 Assignment 1 Look at some theories and principles of assessment and then explain how you apply them in relation to your own teaching practice and whether or not they can be seen to work. What role does assessment have in evaluation of teaching and learning? In what way can assessment help with quality processes? Make sure you use examples from your own teaching whenever possible. When discussing any aspect of assessment of an education programme we must first break down the methodology
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| Individual Assignment – Case 10 | Organizational Theory – BUSI 3103B | | Prof: Perley-Ann Friedman‚ TA: Mohamed Farazi | | Fidel Chika Tilije – 100765669 | 10/24/2010 | | INTRODUCTION Benson Metal Company makes a variety of metals that are purchased by manufacturers or specialized metal firms. It has been in existence for decades; thus‚ making it one of the five or six leading firms in the specialty steel industry. With such success‚ it has been listed on the stock exchange
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SYSTEM APPROACH THEORY IN THE MODERN WORK ORGANIZATION The systems approach views organization as a system composed of interconnected - and thus mutually dependent - sub-systems. These sub-systems can have their own sub-sub-systems. A system can be perceived as composed of some components‚ functions and processes (Albrecht‚ 1983). Thus‚ the organization consists of the following three basic elements (Bakke‚ 1959): (i) Components There are five basic‚ interdependent parts of the organizing system‚ namely:
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