Chapter 8 Overview
This chapter begins by examining how successful organizations use management to turn visions into reality. It describes the levels of management, the skills that managers need, and the functions that managers perform. The chapter explains how the first of these functions, planning, helps managers meet the challenges of a rapidly changing business environment and develop strategies that guide a company’s future. Other sections of the chapter explore the types of decisions that managers make, the role of managers as leaders, and the importance of corporate culture. The chapter concludes by examining the second function of management—organizing.
Learning Objectives
- Define management and the three types of skills necessary for managerial success.
- Explain the role of vision and ethical standards in business success.
- Summarize the major benefits of planning, and distinguish among strategic planning, tactical planning, and operational planning.
- Contrast the two major types of business decisions, and list the steps in the decision-making process.
- Define leadership, and compare different leadership styles.
- Identify the five major forms of departmentalization and the four main types of organization structures.
This chapter begins by examining how successful organizations use management to turn visions into reality. It describes the levels of management, the skills that managers need, and the functions that managers perform. The chapter explains how the first of these functions, planning, helps managers meet the challenges of a rapidly changing business environment and develop strategies that guide a company’s future. Other sections of the chapter explore the types of decisions that managers make, the role of managers as leaders, and the importance of corporate culture. The chapter concludes by examining the second function of management—organizing.
Learning Objectives
- Define management and the three types of skills necessary for managerial success.
- Explain the role of vision and ethical standards in business success.
- Summarize the major benefits of planning, and distinguish among strategic planning, tactical planning, and operational planning.
- Contrast the two major types of business decisions, and list the steps in the decision-making process.
- Define leadership, and compare different leadership styles.
- Identify the five major forms of departmentalization and the four main types of organization structures.
LECTURE SLIDES OF CHAPTER 8
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