MG 210 Lecture Notes - Lecture 2: Organizational Culture, Baby Boomers, Millennials
22 Aug 2016
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Chapter 2 understanding management"s constraints and challenges. January 27, 2014: the manager: omnipotent or symbolic, the omnipotent view (dominant view; managers are directly responsible for org"s success/failure), the symbolic view (view that much of an organization"s success/failure is due to external forces outside managers" control). Omnipotent view (managers are directly responsible for the organization"s success/failure): ex: sports teams. Symbolic view (much of an organization"s success/failure is due to external forces outside of managers" control): ex: govt policies, consumer needs, competition, etc. Managers are neither all-powerful nor helpless: but decisions and actions are constrained by organizational environmental and culture. Economic: global economic recession: began with us home mortgage and soon affected businesses as credit markets collapsed. Spread worldwide: economic inequality: as economic growth slows, social discontent over growing income gaps has increased. Demographic: baby boomers (1946-1964), gen y millennials (1978-1994), post-millennials (youngest group). One of the most powerful constraints managers face is the impact of such changes on jobs and employment.
