Class notes
chapter 1: Introduction to management
Introduction to management
[Show more]
Content preview
Chapter 1WHY LEARNABOUT MANAGEMENT
1. Develop conceptual skills
• Develop technical skills - expertise in a particular area like marketing,
accounting, finance or human resources
• Social skills—abilities in getting along with people, leadership, helping
others to be motivated, communication, and conflict resolution
• Conceptual skills - Conceptual skills refer to the ability to think about
complex and broad organization issues
2. Improve understanding of your managers
3. Improve your understanding of the societal role manages play
• First line supervisors
• Middle managers
• Top managers
4. Help enhance orgs performance
5. Foster self-understanding
Nature of management
4 functions of management
1. Planning
2. organizing
3. leading
4. controlling
The why of management: Effectiveness And success
1. FBL
a. it appeals to individuals’ interest. It assumes that societal well-being is
optimized when the orgs maximizes the creation of financial wealth.
b. Consequential utilitarianism – focuses on optimizing an actions
rightness and limiting it wrongness as measured by its effect on the
net overall happiness outcome for everyone involved.
2. TBL
a. it pursues sustainable development – “meeting the needs of the
present generation without compromising the ability of future
generations to meet their needs
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller briankyalo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$12.33. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now