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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1 ETHICS 1.1 Defining ethical behaviour Ethics is a philosophical term derived from the Greek word "ethos" meaning character or custom (Sims‚ 1992). Ethical behaviour is behaviour that is morally accepted as good and right‚ as opposed to bad and wrong (Wood‚ Zeffane‚ Fromholtz & Fitzgerald‚ 2006). An ethical dilemma requires a person to make a choice between competing sets of principles based on how morally good and right as opposed to how bad and wrong they are (Wood et al.‚ 2006). While striving
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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 members of a society‚ and passed on to succeeding generations. A critical
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Throughout the essay‚ the managers will be referred to as Mr X and Mr Y and their company’s will be referred to as Company X and Company Y respectively due to confidential reasons. The first manager that was interviewed in order to fulfil this task was Mr X. He works for Company X‚ which is‚ a large service based organisation at the position of ‘Head of Corporate Credit Administration.’ His key responsibility at this bank is to provide credit administration support to Corporate‚ Investment
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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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SOFT SKILLS FOR MANAGERS: As a manager‚ it has never been enough to be technically adept. You have to excel at soft skills as well. Soft skills are the personality traits‚ attitudes‚ habits‚ and behaviors you display when working with others. While good soft skills are also important for employees‚ they are critical for managers - and for those who want to be managers. Here are the ten most important soft skills managers need to master. Top Soft Skills For Managers: * Dependability Can
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be a complex interrogatory. Should I be moral? If I should be‚ then why? Why is morality important to society? An assumption can be made that morals derive from a purely religious perspective or the Golden Rule approach. We are told that it is right to be moral. This is an ineffective answer‚ since it does not apply to someone outside the moral circle This in mind‚ there is really no way to prove this too a person who wants to know why he/she should be moral. According to Olen
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What I Expect From This English 103 Class Students need to do a lot of reading and writing in higher level English classes. But what makes English 103 unique I believe‚ is the intensity and the depth of reading materials required. I needed this class because it is a prerequisite for me to enroll in the University level English course. I finished English 28 and English 101 last year and as I reflect‚ both English subjects were both hard as they demanded time and discipline. According to the syllabus
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goal. The managers are important because they are the leaders of the team and they are responsible for the good development‚environment‚the bound between people and the act of achieving before the deadline at the best value and the best quality in the best time of the object of the project.They are responsible for planning‚organizing‚ managing the human resources‚leading‚ resourcing and as a general fact creating the best environment(energetic‚optimistic) for people involved. From my point of
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Of the many factors that influence ethical behavior‚ three warrant particular attention: culture differences‚ knowledge‚ and organizational behavior. 1. cultural differences: what maybe considered unethical in one culture could be an accepted practice in another. managers may need to consider a wide range of issues‚ including acceptable working conditions minimum wage levels‚ product safety issues‚ and environmental protection. 2. knowledge: as a general rule‚ the more you know and the better
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