Bus. Manag. Chapter 1
Management Strategy
A carefully developed overall approach to leading an organization.
THE LEVEL OF MANAGEMENT THAT DEVOTES THE GREATEST AMOUNT OF TIME TO PLANNING IS SUPERVISORS MIDDLE MANAGERS EXECUTIVES ALL LEVELS SPEND EQUAL AMOUNTS OF TIME ON PLANNING
EXECUTIVES
WHY MIGHT EMPLOYEES NOT LIKE TO WORK IN A BUSINESS WHERE MANAGERS USE CLASSICAL MANAGEMENT?
Employees might not like that they might have to be a part of an experiment in order for the company to learn how things work well, and the piece rate can cause people to not be able to work in teams and make it a competitive environment.
Implementing
Focuses on carrying out the plans and helping employees to work effectively.
Controlling
Involves evaluating results to determine if the company's objectives have been accomplished as planned.
HOW DID THE INDUSTRIAL REVOLUTION CHANGE THE WAY WORK WAS DONE?
It allowed for work to be done faster and more efficiently because of the new machines that were built. It also meant that people could work less hours and be safer while working.
WHAT IS A MANAGEMENT STRATEGY?
It's a carefully developed overall approach to leading an organization.
WHAT ARE FOUR MANAGEMENT FUNCTIONS THAT ALL MANAGERS COMPLETE?
Planning, organizing, implementing, and controlling (see page 6)
Classical Management
Studies the way work is organized and the procedures used to complete a job in order to increase worker productivity.
HOW IS THE WORK OF SUPERVISORS DIFFERENT FROM THE WORK OF MIDDLE MANAGERS AND EXECUTIVES?
Supervisors are typically the lowest level of management and often have non management activities to perform. They oversee teams of people.
THE INDUSTRIAL REVOLUTION BEGAN PRIMARILY BECAUSE OF LARGE NUMBER OF PEOPLE UNABLE TO FIND WORK THE GROWTH OF CORPORATIONS IN THE U.S. THE INVENTION OF MACHINES ALLOWING THE FASTER PROCESSING OF RAW MATERIALS. MANAGERS USING PRACTICES TO IMPROVE PRODUCTIVITY OF EMPLOYEES
THE INVENTION OF MACHINES ALLOWING THE FASTER PROCESSING OF RAW MATERIALS.
WHICH OF THE FOLLOWING IS NOT A PROJECTED CHANGE IN THE U.S. WORKFORCES BY 2050? A GREATER PERCENTAGE OF YOUNGER WORKERS MORE WOMEN FILLING KEY MANAGEMENT AND EXECUTIVE POSITIONS IN BUSINESS THE PERCENTAGE OF WHITE WORKERS WILL INCREASE THE FASTEST GROWING PERCENTAGE BASED ON AGE WILL BE OLDER WORKERS.
THE PERCENTAGE OF WHITE WORKERS WILL INCREASE
WHAT CAN EMPLOYEES DO BOTH ON AND OFF THE JOB TO PREPARE TO BE EFFECTIVE MANAGERS?
Take on extra responsibilities, take a class, offer to do training, etc.
Management Science
The careful, objective study of management decisions and procedures in order to iprove the operation of business and organizations.
Industrial Revolution
The era of the eighteenth and nineteenth centuries in which machine power replaced human and animal power in the production process, leading to major business and social changes.
Management
The process of accomplishing the goals of an organizing through the effective use of people and other resources.
Business Competition
The rivalry among companies for customers.
WHY ARE BUSINESSES REDUCING THE NUMBER OF MANAGEMENT LEVELS?
They may not be necessary, cost cutting, reorganizing how teams are set up, allowing employees to take on greater responsibility.
THE FIRST EFFORT TO APPLY SCIENTIFIC STUDY TO THE MANAGEMENT OF BUSINESSES WAS BEHAVIORAL MANAGEMENT CLASSICAL MANAGEMENT QUALITY MANAGEMENT ADMINISTRATIVE MANAGEMENT
CLASSICAL MANAGEMENT
Supervisor
A manager whose main job is to direct the work of employees.
Executive
A top-level manager who spends almost all of his or her time on management functions and decisions that affect the entire company.
Quality Management
A total commitment by everyone in an organization to improve the quality of procedures and products by reducing waste, errors, and defects.
Planning
Analyzing information and making decisions about what needs to be done.
WHY DID MANAGEMENT BECOME SO IMPORTANT TO BUSINESSES AS A RESULT OF THE INDUSTRIAL REVOLUTION?
As the economy expanded and problems emerged, business leaders found that their practices were not good for employees or businesses. They needed to learn how businesses could be run more effectively and efficiently.
WHICH OF THE FOLLOWING IS NOT ONE OF THE FOUR FUNCTIONS OF MANAGEMENT? PLANNING BUDGETING IMPLEMENTING CONTROLLING
BUDGETING
HOW WILL THE U.S. WORKFORCE BE DIFFERENT IN 2050 THAN IT WAS IN 2000?
Black, Hispanic, and Asian workers will make up nearly half of the workforce by 2050. Older workers will make up a larger proportion of the workforce while the youngest workers will obtain more education before heading to work.
THE MAJOR FACTORS THAT SHOULD BE CONSIDERED BY A COMPANY WHEN DEVELOPING A MANAGEMENT STRATEGY INCLUDE ALL OF THE FOLLOWING EXCEPT THE COST BUSINESS WORK BUSINESS ENVIRONMENT
COST
WHAT ARE THE DIFFERENCES AMONG THE FOUR THEORIES OF MANAGEMENT?
Classical focuses on increasing worker productivity. Administrative concentrates on improving the overall management of growing businesses. Behavioral focuses on understanding employee motivation and behavior. And Quality uses facts and data to make improvements.
Manager
Completes all four management functions on a regular basis and has authority over other jobs and people.
Middle Manager
Completes all of the management functions, but spends most of the time completing specialized work in one management function or is responsible for a specific part of the company's operations.
Organizing
Concerned with determining how plans can be accomplished most effectively and arranging resources to complete work.
Behavioral Management
Directed at organizational improvement through understanding employee motivation and behavior.
Administrative Management
Identifies the most effecitve practices for organizing and managing a business.
WOULD YOU CONSIDER BEING A MANAGER OR TAKING ON LEADERSHIP RESPONSIBILITIES IN THE FUTURE? IS THAT SOMETHING YOU ENJOY?
Yes, I feel as though if I was offered the opportunity I would take it because it could be a good experience and it would allow for me to see what it is like to supervise others.