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Understand the fundamentals of management principles and organizational behavior. Learn the commonalities of organizations and the importance of knowledge in navigating the business world. Explore business examples from the PC and automotive industries.
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Management 349 Principles of Management & Organizational Behavior
Principles of physics? • E=mc2 • Gravity ‘sucks’
Principles of Astronomy? • The earth revolves around the sun • My very excellent mother just served us nine pizzas
Management majors? • Principles of Management? • Definition of Management?
Management Principles in this Class • Applied people skills • Knowledge of organizations
Organizations are like… People !?
But all people… • Breathe in oxygen • Breathe out carbon dioxide • Need food and liquid to subsist • These are Commonalities
All Organizations are unique • Each has its own set of values • Culture • Strengths & Weaknesses
Commonalities of Organizations • Purpose for existence • Rules or procedures • Task assignments • Means of communication • Hierarchy of authority
Regardless of the Organization: • IBM • Disney • Microsoft • WIU • Three Stooges Fan Club Those commonalities exist.
Knowledge of organizations is important no matter… • What job you have • What organization you work in • How old you are
If you want to succeed in your career… • You have to know how the ‘game’ is played
Organizational Behavior • Behavior of people working in an organization, particularly in groups • Prediction and control of human behavior
349 is often the first (and sometimes the only) Business class for students
Business Overview • Throughout the course we will examine some general business concerns and examples
PC Industry • 1981 8088 - Dual 160 KB Floppy Drives $3,300 • 1991 486 - 120 MB Hard Drive $2,300 • 2001 Pentium 4 - 20 GB Hard Drive $950
PC Industry • Features have improved • Prices have declined • Why?
Automotive Industry • How long have cars been on the market? • Why haven’t prices declined as per PCs?
Differences in the industries • PCs: Automated production • Cars: Labor intensive • Cost of producing PCs decreases, but cost of labor increases
Quick Question • Briefly discuss with a person next to you: Famous managers (or leaders). Come up with a list of three mgrs/leaders Living or dead, real or fictional