Welcome to mt 140 unit 2 foundations of management
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Welcome to MT 140 Unit 2 – Foundations of Management. Cynthia Cherry. Unit 2 Outcomes. Identify significant past and current management theories Describe the business organization as an open system Identify the role of internal and external environmental factors in business.

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Welcome to MT 140 Unit 2 – Foundations of Management

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Welcome to mt 140 unit 2 foundations of management

Welcome to MT 140Unit 2 – Foundations of Management

Cynthia Cherry


Unit 2 outcomes

Unit 2 Outcomes

  • Identify significant past and current management theories

  • Describe the business organization as an open system

  • Identify the role of internal and external environmental factors in business


Welcome to mt 140 unit 2 foundations of management

Take out a piece of paper….


Welcome to mt 140 unit 2 foundations of management

J FKFB INAT OUP SNA SAI RS


Welcome to mt 140 unit 2 foundations of management

JFK FBI NATO UPS NASA IRS


Welcome to mt 140 unit 2 foundations of management

From Made to Stick by Chip Heath and Dan Heath


Businesses are open systems

Businesses are open systems


Businesses are open systems1

Businesses are open systems

INPUTS

Raw Materials

Services

Equipment

Capital

Information

Products

Services

OUTPUTS

Organization

Bateman/Snell: Management


The external environment

The External Environment

Bateman/Snell: Management


Competitive environment

Competitive Environment

  • Who is the competition?

  • How do they compete?

  • What are competitors doing?


Barriers to market entry

Barriers to Market Entry


Barriers to market entry1

Barriers to Market Entry

  • Government Policy

  • Capital Requirements

  • Brand Identification

  • Cost Disadvantages

  • Distribution Channels


Substitutes and complements

Substitutes and Complements

  • Substitutes: a potential threat

  • Complements: a potential opportunity


Management theories

Management Theories

  • Classical

  • Behavioral

  • Systems

  • Contingency


Classical approach

Classical Approach

  • Late 1800’s

  • “One best way”

    • Task definition

    • Dividing and simplifying tasks

  • Frederick Taylor, Fayol, etc.

  • Our current POLC is derived from Henri Fayol’s Theory circa 1917!


Behavioral approach

Behavioral Approach

  • Early 1900’s

  • Need to understand people attitudes and behaviors

  • Hawthorne Experiment


Systems approach

Systems Approach

  • 1930-1940

  • Organization is a set of interrelated parts that can be managed as a whole

  • Inputs, transformation, output, feedback

  • W. Edward Deming

    • Continuous improvement and process control


Contingency approach

Contingency Approach

  • 1960’s

  • “It depends”


Unit 2 assignments

Unit 2 Assignments

  • Reading, Chapter 2

  • Discussion Question

  • Assignment

  • Review


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