Summary: Principles Of Management

Read the summary and the most important questions on Principles of Management

• 1 Intro to Management

• 1.1 Managing in Organisations

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• Determinism (Theory a manager can use)

  The assumption that factors in the external context determine an organisation's performance

• Choice (Theory a manager can use)

  The assumption that people influence events and shape their context

• Integration (Theory a manager can use)

  The idea that people are influenced by, and themselves influence, the context

• 1.2 Models of Management

• Open system model

  The criteria relates to innovation, adaption, and growth

• Rational Goal Model

  Focuses on productivity, direction, and goal clarity

• 2 Business Environment

• 2.1 Organisation Cultures and Contexts

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• Why strategic alliances are critical

  1. Organic growth is insufficient to meet required growth rate
     
  2. Partnerships reduce the speed in the market
     
  3. Not a single organisation has the total expertise to serve customers best
  4. Partnerships can finance rising R&D costs
  5. Alliances facilitate access to global markets

• Role Culture (Handy's Cultural Type)

  One in which people's activities are strongly influenced by clear and detailed job descriptions and other formal signals of what is expected of them

• Task culture (Handy's Cultural Type)

  One in which the focus of activity is towards completing a task or project using the appropriate means

• Person culture (Handy's Cultural Type)

  One in which activity is strongly influenced by the wishes of the individual who are part of the organisation

• 2.2 Managing Internationally

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• Global (different business structures)

  Locations in multiple countries with one company culture, one set of processes facilitating a more efficient and effective single global organisation