COMMERCE 1E03 Lecture Notes - Lecture 8: Peter Drucker, Symposium On Theory Of Computing, Management Consulting
18 Dec 2016
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Resources: general term that incorporates human resources, natural resources, and financial resources. Resources include the factors of production (labour, land, capital goods, entrepreneurship, knowledge. Management is about deciding how to effectively use these scarce resources. At one time, managers were called bosses and their job consisted of telling people what to do. Management: studied as a discipline in addition to being learned on the job. In the past, employees would expect to work for the same company for many years. Today, (cid:373)a(cid:374)y (cid:272)o(cid:373)pa(cid:374)ies do (cid:374)ot hesitate to lay off e(cid:373)ployees a(cid:374)d they do(cid:374)"t hesitate to leave if their needs are not being met. Today"s top leade(cid:396)s a(cid:396)e you(cid:374)ge(cid:396) a(cid:374)d (cid:373)o(cid:396)e of the(cid:373) a(cid:396)e fe(cid:373)ale. They te(cid:374)d to (cid:373)o(cid:448)e f(cid:396)o(cid:373) one company to another as their careers unfold. Future changes in the work environment will mean that work will increasingly be completed by teams and change will come more quickly.
