Management

Topics: Environment, Chef, Synergy Pages: 11 (843 words) Published: June 4, 2013
Management

UNIT 1 – MODULE 1

INTRODUCTION TO MANAGEMENT

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Learning About Management

Everyone knows something about management But preconceptions can block new understanding

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New understanding requires an OPEN MIND

That’s certainly one way to do it…
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Management

Definition and Purpose of MANAGEMENT

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Management

Is responsible for planning organizing, leading and controlling all resources so that they work effectively to accomplish the organization’s purpose.

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Relationship between an Organization and its External Environment

The organization is an open system with permeable or intentionally leaky boundaries though which resources can flow.

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Management

Basic Resource Exchange
RESOURCES IN required to just replenish those that are lost by day to day existence

ORGANIZATION

RESOURCES OUT required for organizational survival Examples include: • Salaries • Rent and Utilities • Taxes

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Including Resources Needed for Production
RESOURCES IN required to just replenish those that are lost by day to day existence RESOURCES OUT Sales of goods and services

ORGANIZATION

RESOURCES IN required for production of goods and services
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RESOURCES OUT required for organizational survival
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INFORMATION

MARKETS

CULTURE

LABOUR

EXTERNAL ENVIRONMENT

SUPPLIERS TECHNOLOGY

PUBLIC INFASTRUCTURE

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GOVERNMENT

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Management

Friend or Foe?

Environmental influences are mostly neutral – indifferent to a business and uncaring about its health and welfare

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Friend or Foe?

The environment must be attracted to what the organization is offering to transfer out The value that the environment attributes to products and services must exceed the value of all resources transferred out of the firm

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Opportunities and Constraints

Opportunities Enable the firm to have profitable exchanges of resources

Constraints Limitations on opportunities or factors that work against the firm

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Management

Opportunities and Constraints

Exploiting opportunities in a complex environment to gain competitive advantage may depend on intricate relationships among diverse environmental influences. However, complex environmental interactions created to provide competitive advantage can be destroyed by environmental turbulence.

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How does the external environment influence the management of the firm?

The way a firm must operate internally to be successful is dependent on the synergistic relationship of resources.

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Synergy

It is the optimal arrangement of resources It requires identifying, allocating and directing resources within the organizational structure to ensure optimal efficiency and effectiveness

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Management

Management & Synergy
General management is responsible for identifying, maintaining and improving synergistic arrangements of resources to successfully carry out the business of a firm. However, there is an extremely limited scope of resources that can be planned for, organized, led and controlled by any one individual.

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An Example – External Environment
Changeable environmental factors – customer preferences, the quality, variety and pricing of food supplies, the quality, selection and pricing of competitor’s food and services, the suppliers, etc.

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An Example...
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