3/19/2013 01 Introduction to Strategy & Strategic Management BUS 4320 Strategic Management Introduction to Strategic Strategy and Management (SM) Learning Outcomes: • Understand the term “strategy”‚ “Organisational Strategy” and “Strategic Management” • Understand the role of SM within overall management discipline • Understand how SM differs from other functional areas of management • Why Strategic Management? BUS 4320 Strategic Management 2 Department of Business Administration
Premium Strategic management Organization Strategic planning
INTRODUCTION Management can be defined as the effective and efficient coordination of resources in order to achieve desired objectives. It is the process of planning‚ organizing‚ coordinating‚ directing and controlling resources such as human beings‚ material‚ time and money to accomplish organizational mission. All organizations have objectives that are the desired targets that the manager hopes to achieve. The primary purpose of management is to convert resources into results. A resource by itself
Premium Scientific method Management Science
their beliefs are on whether management is an art or a science. To be able to determine where management falls in these two terms‚ it is important to know what they each mean and give support as to why it can either be an art or a science. Below shall be a discussion in detail on whether management is an art or a science but to begin with it is important to know what management is and what it entails. Management according to Henri Fayol a renowned scholar said management ‘can be defined as a set of
Premium Management
MANAGEMENT BOTH AN ART AND SCIENCE Introduction 1. Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business‚ political‚ cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre - determined goals. It is the process of working with and through
Premium Scientific method Science
Introduction: What is management? Mosley‚ et al all (1996‚ 5e) define that management is a combined process of planning‚ organizing‚ leading and controlling of resources to attain organizational objectives. Is it art or science? Few concepts such as F.W.Taylor’s scientific management theory and Fayol’s Management Principles tend to say that Management can be taught and can be handled through scientific methods. Henry mintzberg’s(1973) observed that mangers are not sitting in the desks all
Premium Management
Chapter – 1 INTRODUCTION TO FINANCIAL MANAGEMENT MEANING AND DEFINITION OF FINANCIAL MANAGEMENT According to the Encyclopedia of Social Sciences‚ Corporate finance deals with the financial problems of corporate enterprises. Problems include financial aspects of the promotion of new enterprises and their administration during early development‚ the accounting problems connected with the distinction between capital and income‚ the administrative questions created by growth and expansion
Premium Finance Corporate finance Investment
MGT201 (Financial Management) MGT201 Lecture No. 01 Introduction to Financial Management Learning objectives: The purpose of this lecture is to provide you with an overview of financial management. After finishing this lecture‚ you would be able to have a better understanding of the following. Definition of financial management Significance of financial management for non-finance students and professionals Important concepts and areas in financial management The position of financial managers
Premium Corporation Finance Limited liability company
IT245-1202A-02 Introduction to Network Management Phase 3 Discussion Board Professor Shawn Murray April 25‚ 2012 In comparing Osi models to non-Osi models I chose to discuss the FCAPS model. The acronym FCAPS stands for the five layers it is comprised of; 1. Fault management- network faults or problems are found and fixed. Potential problems are identified and addressed thus preventing them from reoccurring in the future. This minimizes downtime and potential costs. 2. Configuration
Premium
Introduction to Strategic Management Prof. Li Choy Chong Chair of International Management (South East Asia) and Director‚ Asia Research Centre‚ University of St. Gallen‚ Senior Advisor‚ Office of the Economy‚ Canton of St. Gallen‚ Switzerland Executive Director‚ ASEAN Learning Network September 2012 Introduction to Strategic Management - Understanding the Concept - A Definition - Common elements in successful strategy - The Basic Framework: Link between Firm and its environment
Premium Strategic management Strategic planning Decision making
Introduction to Operations Management Contents: 1- What Is Operations Management (OM)? 2- OM Decisions. 3- Contributions of OM to the society. 4- The emergence of OM. 5- The Ever-Changing World of Operations Management. 6- Historical Development of OM. 7- The Main Challenges Face OM (+ in Sudan) – “ASSIGNMENT” 1-What is Operations Management? 1- Operations Management (OM) is the management of the direct recourses that are required to produce and deliver an organization’s goods
Premium Management Manufacturing