Chapter 1- Inside and Outside Flashcards
what are the internal strategies in a business?
Structure
Strategy
Style of management
What are the external challenges for businesses?
LEGGSST
Labour Factor Economic Factor Global Factor Government Factor Social Responsibility Sustainability Technological Factor
What is the function of a Manager?
Planning
Organization
Leading
Controlling
planning
Formulating strategy to achieve goals
Organizing
Designing work activities, assignment of tasks and authority
Leading
Guiding and Motivation employees, Communicating ideas
Controlling
Conflict and and problem resolution, assessing progress and maintaining standards
what are the 3 roles of a Manager?
Informational Role
Interpersonal Role
Decisional Role
Informational role of a manager
Monitor
Disseminator
Spokes person
Interpersonal role of a manager
Figure Head
Leader
Liaison
Decisional role of a manager
Entrepreneur
Disturbance Handler
resource Allocator
Negotiator
Classical approach to management
Scientific Management
Administrative Management
Bureaucratic Model
Behavioural approach to management
Human Relations
Mary Parker Follet/Chester Bernard
Modern Behavioural Science and motivation based theories
Scientific Management
Created after the industrial revolution “Laissez Faire”
Fredrick Taylor
Improving management improves productivity
1) Standardize Work
2) specializing and compartmentalizing workers
3) Supervise the Workers
4) Motivate the workers
Negatives:
treated as machines