Management of Society Chapter 1 Essay

Submitted By rsnelson24
Words: 2464
Pages: 10
Open Document
Tuesday, September 9, 2014

Management of Society !
Chapter 1

- Management is an activity or process!
- Management is the process of assembling and using sets of resources in a goaldirected manner to accomplish tasks in an organizational setting!

- It can be divided into key parts!
• Management is a process: it involves a series of activities and operations, such as planning, deciding and evaluating !

• Management involves assembling and using sets of resources: it is a process that brings together and puts into use a variety of resources: human, financial, material, and informational !

• Management involves acting in a goal-directed manner to accomplish tasks: it is an activity with purpose and direction. The purpose or direction may be that of the individual, the organization, or usually a combination of the two. It includes one’s efforts to complete activities successfully and to achieve particular levels of desired results! • Management involves activities carried out in an organizational setting: it is a process undertaken in organizations by people with different functions intentionally structured and coordinated to achieve common purposes!

- Organizations- interconnected sets of individuals and groups who attempt to accomplish common goals through differentiated functions and their coordination !

- The term member refers to any person (any employee) in an organization without regard to that individual’s place in the organization!

!
Managerial Challenges!

- Managers need to be able to manage change effectively!
- Managers are responsible for managing resources- financial, human, and otherwise!
- To ensure that their organization is competitive and survives in a rapidly changing environment, they must manage strategically !

1

Tuesday, September 9, 2014

- Managers must find ways to gain the employees acceptance of change in order to implement it effectively !

- To gain acceptance, it is useful for managers to create “small wins”!
- Two of the major causes of change with which managers must deal are new technology and globalization !
Technology!

- Technology developments often force managers to make changes!
- Example: the Internet !
- With the opportunities it creates, managers must find a way to exploit them because if they don’t competitors are likely to do so and take market share from them!

- The internet has increased the speed of change, the flow of information, the competitive reach into international markets, and the amount of competition in all markets! - Because the Internet provides information, it has served as a catalyst for the continued development of other technologies and information about them!

- It has placed an emphasis on the importance of knowledge and has increased the importance of human capital (the holder of knowledge)!

- It has helped many small and medium-sized firms to enter and compete in international markets, thereby enhancing globalization !
Globalization!

- Globalization is the development and observation of the increasing international and cross-national nature of everything from politics to business!

- Opening of markets to foreign firms coupled with economic development increases market opportunities but simultaneously leads to greater global competition !

- In order to compete effectively in global markets, firms have sought increasingly to outsource activities to people and firms in lower-cost countries like India and China!

- Globalization promotes greater involvement in international markets so firms moving into international markets increasingly need to learn about different cultures and the institutional environments in these markets !
Managing Strategically!
2

Tuesday, September 9, 2014

- Must establish goals, effectively implement the strategy- which requires managers at all levels of the organization to set and accomplish goals that contribute to the
Show More

Related Documents: Management of Society Chapter 1 Essay

Ethics: Management and Business Ethics Stakeholder Essay example

Business and Society Relationship Chapter 1 1 Prepared by Deborah Baker Texas Christian University Business and Society: Ethics and Stakeholder Management, 7e • Carroll & Buchholtz Copyright ©2009 by South-Western, a division of Cengage Learning. All rights reserved Chapter 1 Learning Outcomes 1. Characterize business, society, and their interrelationships. 2. Describe pluralism and identify its attributes, strengths, and weaknesses. 3. Clarify how our pluralistic society has become…

Words 885 - Pages 4

Greenwashing: Sociology and Issues Management Essays

Chapter 1 Business-the collection of private, commercially oriented organizations, ranging in size from one-person proprietorships to corporate giants. Between these two extremes, of course are many medium-sized proprietorships, partnerships and corporations. Society A community, a nation, or a broad group of people with common traditions, values, institutions, and collective activities and interests. Some industries are simply more conducive than others with respect to the creation of visible…

Words 2272 - Pages 10

Systems, Society and Sustainability Essay

CIVIL, ENVIRONMENTAL AND GEOMATIC ENGINEERING Systems, Society and Sustainability The global challenge of sustainable development requires solutions and mindsets that bridge traditional divisions between nature and culture, and the technical and social sciences. Sustainable development requires that engineers and other professionals are able to include social and ecological considerations alongside technical and economic requirements in managing projects and infrastructure. This course outlines…

Words 3727 - Pages 15

Essay about Chapter 1 Solution BAF3M

Name Date CHAPTER 1 Accounting and Business CHAPTER 1 REVIEW QUESTIONS (page 12) 1. The five main activities involved in accounting are gathering financial information; preparing and collecting permanent records; rearranging, summarizing, and classifying financial information; preparing information reports and summaries; and establishing controls to promote accuracy and honesty among employees. 2. Answers should include three of the 19 questions listed on pages 2 and 3 of the student textbook…

Words 1351 - Pages 6

Business Management Essay

Chapter 1: The Manager’s Job Key Terms: 1. Management - The process of using organizational resources to achieve organizational objectives through planning, organizing and staffing, leading, and controlling. a. The people who make decisions about a business. (My Words) b. Business improved under the management of new owners. (Sentence) c. There are different levels of management in a business, as each person can contribute different managerial skills and managerial functions, which created…

Words 1053 - Pages 5

Syllabus: Management and Case Study Essay

OPERATIONS MANAGEMENT (MGCR 472) Fall 2014 Sections 1 and 2 COURSE RELATED INFORMATION INSTRUCTOR INFORMATION Professor Derek Wang Tel: (514) 398-1387 Office: 528 INSTRUCTOR’S OFFICE HOURS, E-MAIL AND MAILING ADDRESS INFO Monday and Wednesday, 5:30 pm – 6:00 pm Office Hours Tuesday, 1:00 pm – 2:00 pm E-mail derek.wang@mcgill.ca Desautels Faculty of Management, McGill University Mailing Address 1001 Sherbrooke St (West), Montreal, Quebec, H3A 1G5 TA INFORMATION Name Hedayat Alibeiki Hamidreza Eslami…

Words 1871 - Pages 8

Legal and Ethical Issues in Management Essays

------------------------------------------------- submitted to: ------------------------------------------------- Dr. terry sullivan ------------------------------------------------- leagl and ethical issues in management ------------------------------------------------- spring term 1 ------------------------------------------------- January 20, 2013 ------------------------------------------------- ------------------------------------------------- -------------------------------------------------…

Words 393 - Pages 2

HRM 351 Syllabus 2014 Ver 1 Essay

Business Mission: To provide a high quality management education to a diverse student population. This is accomplished primarily through teaching and the development of instructional processes which ensure that students are equipped to be productive citizens in a global society. Course Rationale: Tourism and Hospitality Program Learning Goals: The goals of the tourism and hospitality management program are to provide graduates a solid understanding of: 1. The use of information in decision-making…

Words 888 - Pages 4

Chapter 1 Profits Managers And Markets 1 Essay

CHAPTER 1 The Fundamentals of Managerial Economics McGraw-Hill/Irwin Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter One Chapter Overview • Introduction – The manager – Economics – Managerial economics defined • Economics of Effective Management – Identifying goals and constraints – Recognize the nature and importance of profits – Understand incentives – Understand markets – Recognize the time value of money – Use marginal analysis • Learning managerial economics…

Words 1199 - Pages 5

Student John Essay

Nova Southeastern University Principles of Management Mid-Term Exam: Chapter 1 1.One of the important ideas in the text's definition of management is Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources 2. Which of the following is not a function of management? Planning. Organizing. Leading. Controlling. 3.The biggest mistake that many manager's make is the failure to…

Words 1086 - Pages 5