12 Business Studies–XII CHAPTER – 1 Quick Revision Notes NATURE AND SIGNIFICANCE OF MANAGEMENT 1. Meaning/Concept of Management: Management is the process of getting things done with the aim of achieving goals effectively and efficiently. ▪▪ Process: refers to the primary function like planning‚ organising‚ staffing‚ directing and controlling performed by the management to get things done. ▪▪ Effectiveness: means completing the right task to achieve the deputed goal within the time frame
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Licensed to: iChapters User MANAGEMENT RICHARD L. DAFT‚ MARTYN KENDRICK‚ NATALIA VERSHININA www.cengage.co.uk/dkv Licensed to: iChapters User Management: International Edition Management: International Edition Richard Daft‚ Martyn Kendrick‚ Richard Daft‚ Martyn Kendrick‚ Natalia Vershinina Natalia Vershinina Publishing Director: Linden Harris Publishing Director: Linden Harris Publisher: Thomas Rennie Publisher: Thomas Rennie Development Editor: Jennifer Seth Development
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After I took the Competing values Management Practice and The Competing Values skills assessment; I have found that the results in both surveys are pretty much similar. My scores are always high in Quadrant 2; the collaborating Quadrant‚ but the result in Quadrant 4; the competing Quadrant which is the opposite quadrant and represents the opposite style of Quadrant 2 is not very different. This conveys that I am about in balance between these two characteristics which I agree. But‚ somehow; I think
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COMPENSATION – SOME FURTHER EVIDENCE* Tor Eriksson Aarhus School of Business‚ Department of Economics‚ and Center for Corporate Performance JEL Codes: M50‚ M52‚ J31 Keywords: Managerial power‚ Managerial compensation * I am grateful to Dansk Management Forum for providing me the data used in the paper‚ to the Danish Social Science Research Council for financial support‚ and to Jingkun Li for useful research assistance. An earlier version of the paper was presented at the 2002 Academy of International
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MGW1010 : Introduction to Management Week 2 Organisations and Managers Note: Please refer to Unit Guide for the relevant pages in your textbook‚ and additional reading for this topic. Main Source: Robbins‚ S.‚ Bergman‚ R.‚ Stagg‚ I. & Coulter‚ M. (2012). Management (6th ed.)‚ Frenchs Forest‚ NSW: Pearson Education Please refer to http://readinglists.lib.monash.edu/lists/B1F8F593-45F0-0432-24B4-5868A4EE8627.html for additional reading. Reading list: http://readinglists.lib.monash
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Henri Fayol create? Henri Fayol (1841-1925) was a French engineer. He belongs to the Classical School of management theory and has written on and explored the idea of General Administrative Theorists. Fayol was particularly interested in authority and its implementation. He advocated a consistent set of principles that all organizations need to be run properly. Fayol emphasized five management functions: planning‚ organization‚ commanding‚ coordinating‚ and controlling. Most of these activities are
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What did the early advocates of OB contribute to our understanding of management? Four people stand out as early advocates of OB in management:- I. Robert Owen(late 1700s) - proposed a utopian workplace He also concerned about deplorable working conditions Argued that money spent improving labour was a smart investment II. Hugo Munsterberg (early 1900s) - created field of industrial psychology - suggest using psychological test for employee selection‚ learning theory concept for employee training
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Chapter 1—Innovative Management for Turbulent Times MINI CASE: Hector‚ who is a Hispanic‚ has been working for a promotion for a long time. He works for a shipping company on the loading dock. The company is located in rural North Carolina. His job has been to drive a forklift and to occasionally load by hand boxes into large trucks. He reports to a loading supervisor who coordinates all the work of four forklift operators and makes sure the loads are accurate and
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Introduction Human relations means a school of management that emphasizes the importance of social processes in the organization and its core concept is to view workers’ interactions and relationships in companies. The human relations movement stem from the 1930s’ Hawthorne studies thattested the influences of workers’ satisfaction inworkplace (Levitt and List‚ 2011). Furthermore‚ it also leads to the origination of the human resource management. Elton Mayo‚ one of the most important industrial
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Making a Great First Impression! It takes just a quick glance‚ maybe three seconds‚ for someone to evaluate you when you meet for the first time. In this short time‚ the other person forms an opinion about you based on your appearance‚ your body language‚ your demeanor‚ your mannerisms‚ and how you are dressed. With every new encounter‚ you are evaluated and yet another person’s impression of you is formed. These first impression can be nearly impossible to reverse or undo‚ making those first
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