Introduction To Management
Introduction To Management
LECTURE 5:
Introduction to
Management
MGT 101
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Introduction to Management
In lecture 4 we discussed
Topics from Chapter 2:
General Administrative Theories
Quantitative Approach
Organizational Behavior
Introduction to Management
Systems Approach
System
A set of interrelated and interdependent
parts arranged in a manner that produces
a unified whole.
Implications:
Coordination of the organizations parts is
essential for proper functioning of the entire
organization.
Decisions and actions taken in one area of the
organization will have an effect in other areas
of the organization.
Organizations are not self-contained and,
therefore, must adapt to changes in their
external environment.
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Chapter 2:
Management History
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Contingency Approach
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Globalization
Ethics
Workforce Diversity
Entrepreneurship
E-Business
Knowledge Management
Learning Organizations
Quality Management
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Globalization
Management in international organizations
Political and cultural challenges of operating
in a global market
Working with people from different
cultures
Movement of jobs to countries with lowcost labor
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Ethics
Increased emphasis on ethics education in
college curriculums
Increased creation and use of codes of
ethics by businesses
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Workforce Diversity
Increasing heterogeneity in the workforce
More gender, minority, ethnic, and other
forms of diversity in employees
Aging workforce
Older employees who work longer and
do not retire
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Entrepreneurship Defined
The process of starting new businesses,
generally in response to opportunities.
Entrepreneurship process
Pursuit of opportunities
Innovation in products, services, or business
methods
Desire for continual growth of the
organization
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Learning Organization
An organization that has developed the
capacity to continuously learn, adapt, and
change.
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Knowledge Management
The cultivation of a learning culture where
organizational members systematically
gather and share knowledge with others in
order to achieve better performance.
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Quality Management
A philosophy of management driven by
continual improvement in the quality of
work processes and responding to
customer needs and expectations
Quality is not directly related to cost
Poor quality results in lower productivity
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