Principles of Management
Summary flashcards
Summary flashcards
Kartei Details
| Karten | 63 |
|---|---|
| Sprache | English |
| Kategorie | BWL |
| Stufe | Universität |
| Erstellt / Aktualisiert | 07.01.2020 / 09.01.2024 |
| Lizenzierung | Keine Angabe |
| Weblink |
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Goals of Management
-Effectiveness
-Efficiency
3 Major changes in management
-Empowerment of the employees
-Outsourcing
-Restructuring
4 tasks of a manager
Planning
Controlling
Organizing
Leading
3 levels of management
Top management
Middle management
First-level management
3 Managerial skills
-Conceptual
-Technical
-Human
Building and maintaining competitive advantage
-responsiveness to customers
-innovation
-efficiency
-quality
Principal challanges in management
-managing diverse workforce
-building and maintaining competitive advantage
-maintaining ethical and socially responsible standards
-IT and e-commerce
-global crisis management
Fayol's Principles of Management (14)
(part of 2. Administrative management theory)
-discipline
-initiative
-unity of command
-renumeration of personnel
-unity of direction
-line of authority
-divison of labor
-centralization
-esprit de corps
-subordination of individual interests to the common interest
-stability of personnel
-authority and responsibility
-order
-equity
