Welcome to mt 140 unit 2 foundations of management
Download
1 / 23

Welcome to MT 140 Unit 2 – Foundations of Management - PowerPoint PPT Presentation


  • 123 Views
  • Uploaded on
  • Presentation posted in: General

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.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha

Download Presentation

Welcome to MT 140 Unit 2 – Foundations of Management

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Welcome to MT 140Unit 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


Take out a piece of paper….


J FKFB INAT OUP SNA SAI RS


JFK FBI NATO UPS NASA IRS


From Made to Stick by Chip Heath and Dan Heath


Businesses are open systems


Businesses are open systems

INPUTS

Raw Materials

Services

Equipment

Capital

Information

Products

Services

OUTPUTS

Organization

Bateman/Snell: Management


The External Environment

Bateman/Snell: Management


Competitive Environment

  • Who is the competition?

  • How do they compete?

  • What are competitors doing?


Barriers to Market Entry


Barriers to Market Entry

  • Government Policy

  • Capital Requirements

  • Brand Identification

  • Cost Disadvantages

  • Distribution Channels


Substitutes and Complements

  • Substitutes: a potential threat

  • Complements: a potential opportunity


Management Theories

  • Classical

  • Behavioral

  • Systems

  • Contingency


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

  • Early 1900’s

  • Need to understand people attitudes and behaviors

  • Hawthorne Experiment


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

  • 1960’s

  • “It depends”


Unit 2 Assignments

  • Reading, Chapter 2

  • Discussion Question

  • Assignment

  • Review


ad
  • Login