MGMT Ch 1 Flashcards
(11 cards)
Why should we study Management
Management is a great way to gain insight on how your manager or employees behave. We should should further use this to enforce or alter behaviour
What is a manager
A manager is an entity who Plans, Organize, Leads, and controls
An organization has three characteristics
GOALS, PEOPLE, STRUCTURE
What are The Four functions of Management
Planing, Organizing, Leading, Controlling
What is Scientific Management
The main objective was to improve efficiency by using scientific methods to management
What is the Principles of Management Theory
Management can be taught through universal principles (P,O,L,C)
What is Hawthorne Studies
The impact of working conditions on productivity.
What is Organizational Behavior
Study of individual and group behavior in organizations.
Quantitative Approach
Use mathematical models and data for decision-making.
Total Quality Management
comprehensive approach to improving the quality of products and services in an organization
What are the four factors reshaping management
Customers, Innovation, Media, Sustainability
