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MGMT 310 Ch. 1-15,17-18,20 Notes $9.99   Add to cart

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MGMT 310 Ch. 1-15,17-18,20 Notes

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This is a comprehensive and detailed note that covers Ch. 1-15,17-18,20 for Mgmt 310. *Essential Study Material!! *For you, at a price that's fair enough!!

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  • September 4, 2024
  • 11
  • 2019/2020
  • Class notes
  • Prof. bickmeir
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anyiamgeorge19
Chapter 1
 Challenges of Leadership
o Managing and leading diverse workforces
o Competing on a global scale
o Being socially responsible
o Responding to change and uncertainty
o Harnessing technological advances
 The Pillars of Management
o Strategic Position
o Organizations Design
o Individual Leadership
 Management and Leadership
o Management
 The act of working with and through a group of people to accomplish a desired
goal or objective in an efficient and effective manner.
o Leadership
 The ability to drive change and innovation through inspiration and motivation
 Leadership Skills
 Differ according to people's level and responsibilities
 Technical skills are important early on
 Strategic abilities as one advances
 Managers focus financial reporting, planning, recruiting of talent
and learn development
 Middle-level management focus on interpersonal
 Senior level management direct, supervise and focus on
conceptual skills.
 Historical Perspective on Business
o Bureaucratic organization structure
 Propose by Max Weber
 A clear differentiation of tasks and responsibilities
 Coordination through strict hierarchy of authority and decision rights
 Standardization of rules and procedures
 Vertical separation of planning and execution
 Plans are made in the upper ranks of an organization and executed in
the lower ranks
 Theories of Management
o Scientific Management
 A focus on how jobs, work, and incentive scheme's could be designed to
improve productivity using industrial engineering methods.
o Human Relations Movement
 The belief that organizations must be understood as systems of independent
human beings who share a common interest in the survival and effective functioning
of the firm
o Contingent View
 A view of the form where effective organizational structure is based on for or
alignment between the organization and various aspects of it's environment
 Changing Perspectives on the Purpose of Business

, o Managerial View
 A business framework where the firm is seen as a mechanism for converting raw
materials into products to sell to customers.
 Shareholder View
 A business framework where the job of top managers is to produce the
highest possible stock market valuation of the firm's assets
 Stakeholder View
 A business framework that identifies and analyzes multiple groups that
interact with the firm and attempts to align organizational practices to satisfy
the needs of these various groups.
 Predicting Stakeholder Responses and Activities
o Contingency Planning
 The systematic assessment of the external environment to prepare for a possible
range of alternative future for the organization
o Trend Analysis
 A tool where key variables are monitored and modeled to help predict a change
that might occur in the environment
o Contextual intelligence
 The ability to understand the impact of environmental factors on a firm and the
ability to understand how to influence those same factors

Chapter 2

Managing in difficult times
 Business Leaders
o Respond to changes in the global environment to try and change it
o Lobby to influence the governments to in business
o Identify growing market niches

 Globalization
o Integration and interdependence of economic, technological, sociocultural, and political
systems across diverse geographic regions
o Advocated by leading economists and politicians post World War II
o Movement led to creation of several international trade agreements
 Table 2.4 Selected Regional Trade Agreement (in BOOK)
Selected Regional Trade Agreements
Trade Countries Represented
Agreement
ASEAN Brunei Darussalam, Cambodia, Indonesia, Laos,
(Association of Malaysia, Myanmar, Philippines, Singapore, Thailand,
South East Vietnam
Asian Nations)
CACM (Central Costa Rica, El Salvador, Guatemala, Honduras,
American Nicaragua
Common
Market)

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