2 - Why do we need management? Flashcards

1
Q

what is management about?

A

guiding, directing, cooperating and coordinating people

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2
Q

where does management occur?

A

in a variety of organisational types, including the private and public sector

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3
Q

how many people do McDonalds employ?

A

1.9million

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4
Q

how many people do the NHS employ?

A

1.7 million

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5
Q

how many reasons are there for why people manage?

A

3

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6
Q

what are the three reasons why we manage?

A

-if you imagine a world without management
human nature to fight and will lead to the ruin of resources in which we hold
- because of what we can achieve if we work together
- 3 forms of organisation do not work well in solation so management is needed to balance them

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7
Q

what does the media show us about the need for management?

A

it portrays a good depiction of what we already think it will be like if there was no management systems in place, such as postapocolyptic worlds such as mad max and the road, fight for power

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8
Q

what did thomas hobbes in regards to a world without management (reason 1)?

A

(1651)
made the first consideration towards a world without management, he presented the idea that society would be a truly terrifying place

‘life of man, solitary, poor, nasty, brutish and short, - idea that world without management would be preferable o human nature

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9
Q

who wrote the tragedy of the commons?

A

garrett hardin

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10
Q

what were garrett hardens overall ideas?

A

that we need management because if not we will fight over the finite resources that are available to all of us, human nature is that we always want more and to have the most (competition), always seek the next best thing

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11
Q

what is the tragedy of the commons?

A

common piece of land owned by nobody,
everyone has the right to use them, indidivudla use can lead to collective tragedy, need management to prevent this such as the antarctic treaty

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12
Q

why is can we achieve more if we work together?

A
  • intuition
  • increase production
  • effective supply and demand
  • quality of life increased
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13
Q

what was adam smiths idea (2)?

A

1776 (economist, philosopher and author)
if we increase management then production will increase, he saw that during the industrial revolution the management of labour and machines increased production, growth of nations is rooted in division of labour, ‘division of labour… one man can make 4,800 pins a day’ vs ‘workman’ not educated who makes one

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14
Q

what book did adam smith write?

A

wealth of nations 1776

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15
Q

why does technology need to be managed?

A

has allowed us to open up opportunities that we never had before such as international communication but without management technology does not do this on its own, the benefits cannot be reaped if it is not managed in a particular way

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16
Q

what is the third reason as to why we manage?

A

because none of the methods of organisation work well in isolation, need management in order to balance the our in order for them to work better

17
Q

what are the three types of organisation/management?

A
  • hierarchy
  • markets
  • networks
18
Q

what is hierarchal management?

A
  • nationalise
  • someone needs to take control and regulate
  • e.g. if gov takes control of commons they can enforce rules
  • UN decides the rules in regards to the commons
  • courts
19
Q

what is market management?

A
  • privatise
  • make things privately owned
  • use markets to manage by establishing private property rights
20
Q

what is network management?

A

a system based on reciprocity

  • Elinor Ostram stated that also Hardin was correct about the other two he was missing a third form
  • said that networks and communities manage themselves without privatisation and regulation
  • organise resources within a community based on needs
  • look at common grassland in england like parks which have not been ruined
21
Q

who is an example who stated the problems with just using one form of management? (markets)

A

R.H Coarse

there are certain costs of using free markets

22
Q

what things are associated with market failure?

A
  • research costs
  • contract costs
  • uncertainty
23
Q

what things are associated with hierarchal failure?

A
  • slow
  • rigid
  • demotivating
24
Q

what things are associated with network failure?

A
  • not what you know
  • free riding
  • group think