BUSN-201 Lecture Notes - Lecture 1: Job Analysis, Conflict Management, Bookkeeping
25 Feb 2017
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Document Summary
Understand how traditional management evolves to responsible management (2-1 and 2-2) Describe organizational and management theory (8-1, 8-2 and 8-3) Planning: making decisions about future goals and activities. Organizing: building the structure, systems, and culture needed to implement strategy. Leading: influencing others to attain goals through various forms of power (legitimate, coercive, reward, referent, & expert) Controlling: assessing and steering activities based on performance measurement. Sustainability: responsible management (rm) will embrace triple bottom. Responsibility: overall stakeholder value (sv) over optimizing shareholder value. Optimizing stakeholder value (responsibility: a group of member who can be affected by a firm"s decisions. Ethics: decisions are morally desirable in process and outcome. Effectiveness: degree to which process contributes to managerial goals. Responsible business: assumes responsibility to tbl, sv, & moral dilemmas. Prime business: tbl sustainability, optimizes sv, displays moral excellence. Organizational theory: the design and evolution of social structures within modern organization. Traditional model: more control; superiority, responsible for front-line employee.
