Mba 619-1
Mba 619-1
Chapter 1
Overview
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publishing as Prentice Hall
Toyota
• Efficient
– Makes the best possible use of people,
money, physical plant, and technology
• Effective
– Goals are met which sustain an
organization’s competitive advantage
• Management of Change
• Customer Service
• Business Ethics
• Strategic Managers
• Tactical Managers
• Operational Managers
• Organizing
• Leading
• Controlling
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publishing as Prentice Hall
Copyright © 2012 Pearson Education, Inc. 1-10
publishing as Prentice Hall
Planning and Strategizing
• Interpersonal roles
• Information roles
• Decisional roles
• Figurehead
• Leader
• Liaison
• Monitor
• Disseminator
• Spokesperson
• Entrepreneur
• Disturbance handler
• Resource allocator
• Negotiator
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The Evolution of Management
Thought
• Scientific management
– Study each part of task for best method
– Carefully select and train workers
– Cooperate fully with workers
– Divide work and responsibility between
workers and management
• Break-even analysis
• Basic economic order quantity (EOQ)
• Materials requirements planning (MRP)
• Quality management
• Employee involvement
• Continuous improvement
• Specialization of labor
• Formal rules and procedures
• Impersonality
• Well-defined hierarchy
• Career advancement based on merit
• Unity of command
• Unity of direction
• Equity
Transformation
Inputs Outputs
Process
– Managerial functions
• Planning, organizing, leading, and controlling
– Managerial roles
• Interpersonal, informational, and decision-maker
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publishing as Prentice Hall
Learning Objective 3
– Quantitative management
– Quality management