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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Globalization is a hot topic in the business world today‚ garnering enormous attention as imports and exports continue to rise as companies expand across the global marketplace. Understanding the basic overview of the global economy underlines highly relevant managerial and business level applications that provide useful insights to modern-day managers. In general terms‚ globalization is the international integration of intercultural ideas‚ perspectives‚ products/services‚ culture‚ and technology
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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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BUSINESS MANAGEMENT 3C (MANAGER DEVELOPMENT/BUM 321) ASSIGNMENT 1 Question 1 a) The roles of management are the four basic management functions (planning‚ organising‚ leading and controlling) and six additional management functions (decision making‚ communication‚ coordination‚ delegation and disciplining). The basic management functions are the most important steps in the management process and are performed consecutively during each activity during the simultaneous performance of different
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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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Judgment in the House of Sand and Fog People place judgment on one another every day based on differences. Sometimes it is done subconsciously; sometimes it is done on purpose. In the book The House of Sand and Fog‚ by Andre Dubus III‚ two different cultures were represented; Kathy represented the culture of the western civilization‚ whereas Behrani represented the culture of Persians. People judge one another based on unimportant things‚ and get judged based on those same things as well. Two
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International Business Management Chapter Two Understanding the Role of Culture __________________________________________________ What is meant by the culture of society‚ and why is it important for international managers to understand it? What is meant by the culture of society‚ Explain how culture affects all aspects of international management? Culture A set of shared values‚ understandings‚ assumptions‚ and goals that are learned from earlier generations‚ imposed by present
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Working Effectively with Others Groups that are strategically formed and active will prosper though their endeavors. Creating a successful group can be seen as a difficult task. In reality‚ numerous factors must be accounted for in the process of organizing an efficient group for important situations and decisions. In his essay‚ “Small Change” Malcolm Gladwell states‚ “…if you’re taking on a powerful and organized establishment you have to be a hierarchy” (237). The group must create a thorough
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A database is an integrated computer structure that stores end-user data and metadata (Coronel‚ Morris‚ & Rob‚ pg. 7). Data are the raw format of information‚ which when properly formatted can produce accurate‚ relevant‚ and timely information that is the key to making good decisions (Coronel‚ Morris‚ & Rob‚ pg. 5-6). The purpose of a database is to provide computer-based systems a way in which to store‚ manage‚ and retrieve data quickly (Coronel‚ Morris‚ & Rob‚ pg. 5). As for a local college database
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PROBLEM The Coca-Cola organization is stuck in a mind-set formed during its heyday in the 1980s and 1990s‚ when Goizueta made Coke into a growth story that captivated the world. An unwillingness to tamper with the structures and beliefs formed during those glory years has left the company unable to adapt to consumer demands for new kinds of beverages. TIMELINE 1986 Then Coke President Donald R. Keough The “49% solution” by then Chief Financial Officer M. Douglas Ivester Spun off its U.S
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