Management

Satisfactory Essays
Management

UNIT 1 – MODULE 1

INTRODUCTION TO MANAGEMENT

© 2006 Captus Press Inc.

1

Learning About Management

Everyone knows something about management But preconceptions can block new understanding

© 2006 Captus Press Inc.

2

New understanding requires an OPEN MIND

That’s certainly one way to do it…
© 2006 Captus Press Inc. 3

© 2006 Captus Press Inc.

1

Management

Definition and Purpose of MANAGEMENT

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4

Management

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

© 2006 Captus Press Inc.

5

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.

© 2006 Captus Press Inc.

6

© 2006 Captus Press Inc.

2

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

© 2006 Captus Press Inc.

7

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
© 2006 Captus Press Inc.

RESOURCES OUT required for organizational survival
8

INFORMATION

MARKETS

CULTURE

LABOUR

EXTERNAL ENVIRONMENT

SUPPLIERS TECHNOLOGY

PUBLIC INFASTRUCTURE

© 2006 Captus Press Inc.

GOVERNMENT

9

© 2006 Captus Press Inc.

3

Management

Friend or Foe?

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

© 2006 Captus Press Inc.

10

Friend or Foe?

The environment must be attracted to

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