30.09.2019

Introduction To Business Management Notes

  1. Introduction To Business Studies

BBM 113: Introduction to Business Studies Notes. Institution: Mount Kenya University. Course: Bachelor of Business Management. Posted By: Mabongajoel. Introduction to E-business Management and strategy Colin Combe AMSTERDAM BOSTON HEIDELBERG LONDON NEW YORK OXFORD PARIS SAN DIEGO SAN FRANCISCO SINGAPORE SYDNEY TOKYO Butterworth-Heinemann is an imprint of Elsevier. College-aantekeningen, college 2 - Lecture notes from the 2nd tutorial of introduction to international business at the rug. Summary - lecture International Trade 2 - Entire notes for the international trade 2 lecture for the microeconomics for business b1 course 'n11115'.

T o be able to distinguish between the following major management theories: 1. Classical Management Approa ches. Scientific Management. Frederick W. T aylor. Standard rules, processes, working conditions for every job – ‘one best way’. Selection of workers.

Training of workers. Incentives for workers. Support for workers. Frank Gilbreth. Lillian Gilbreth. Time and motion studies.

Lillian pioneered industrial psychology. Administrative Principles. Henri Fayol. Planning. Organising. Commanding. Coordinating.

Controlling. Mary Parker Follett.

Groups as mechanism s for combining in dividual talents for a greater g ood. Organisations as cooperating ‘communities’ of managers and workers. Employee ownership. Private profits relative to public good. Bureaucracy. Max Weber.

Rational authority not personal/fam ily/religious. Rational authority based on structure and positions. Therefore, rules and written records provide continuity. Clear definitions of authority and responsibility.

Positions are organised hierarchically. Selection and promotion based on technical qualifications. Administrative acts and decisions are recorded. Management is separate from ownership.

Management

Introduction To Business Studies

Rules and procedures are uniformly applied to all employees. Disadvantages. Excessive paperwork or ‘red tape’. Slowness in handling problems.

Rigidity in the face of shifting needs. Resistance to change. Employee apathy 2.

To define ethics and ethical behavior. Ethics - The code of moral principles that sets standards of good or bad, or right or wrong, in a person’s conduct and thereby guides the behaviour of that person or group. Ethical behaviour - What is accepted as ‘good’ and ‘right’, as opposed to ‘bad’ or ‘wrong’, in the context of the governing moral code. T o distinguish alternative views of ethical behavior.

Business

Utilitarian view of ethics — greatest good to the greatest number of people. Individualism view of ethics — primary commitment is to one’s long-term self- interests.

Moral-rights view of ethics — respects the fundamental rights of all people. Justice view of ethics — fair and impartial treatment of people according to rules and standards. Includes Procedural, Distributive and Interactional Justice.

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Chap 1 introduction to management. 1.