FUNDAMENTALS OF MANAGEMENT
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Fundamentals of Management 2e takes a straightforward and student-centred approach from a business perspective, providing a concise yet comprehensive foundation in the basic concepts of management. Retaining the directness and simplicity that was a valued feature of the first edition, this new edition has been fully revised and updated with: •NEW chapters on Planning and Strategy, Leadership and Change.
Annað
- Höfundur: Mike Smith
- Útgáfa:2
- Útgáfudagur: 03/2011
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- Format:ePub
- ISBN 13: 9780077140557
- Print ISBN: 9780077126933
- ISBN 10: 0077140559
Efnisyfirlit
- Cover Page
- Halftitle
- Title Page
- Copyright
- Dedication
- Brief Table of Contents
- Detailed Table of Contents
- Preface
- Guided Tour
- Technology to Enhance Learning and Teaching
- Make the Grade!
- Acknowledgements
- About the Author
- PART 1: What is Management?
- 1 Defining Management
- Case 1.1: Managing birds or bytes?
- 1.1 Definition of management
- Critical thinking 1.1: Is management necessary?
- 1.2 Varieties of manager
- Case 1.2: A modern entrepreneur – Peter Cuddas
- Critical thinking 1.2: Why do business schools ignore first-line managers?
- Critical thinking 1.3: C-suite inflation
- 1.3 Skills and abilities needed by managers
- Critical thinking 1.4: What? No Freudian personality?
- 1.4 Careers in management
- Case 1.3: Duncan Bannatyne’s protean career?
- Critical thinking 1.5: What’s the use of management books?
- Activities and Further study
- 2 The Organisational Context
- Case 2.1: Dave Banks – an interesting sole trader
- 2.1 Types of organisation
- Case 2.2: A Virginal conglomerate
- Case 2.3: The Kerry group – an Irish multinational
- 2.2 Organisational cultures
- 2.3 National cultures
- Critical thinking 2.1: Hofstede’s critics
- 2.4 The global context and globalisation
- Case 2.4: Reckitt Benckiser – a truly globalised company
- Case 2.5: Footloose and in search of cheaper labour
- Case 2.6: Examples of joint global ventures
- Critical thinking 2.2: Pitfalls of globalisation?
- 2.5 Globalisation toolkit
- Activities and further study
- 3 The Historical Context
- Case 3.1: PROTON city of the future – or of the past?
- 3.1 Early beginnings
- 3.2 Scientific management (rational goal)
- Case 3.2: Management ideas that can be traced back to Bolton and Watt
- Case 3.3: Taylor’s lectures on management, 1907–1915
- Critical thinking 3.1: What was wrong with Fordism?
- Critical thinking 3.2: Problems with quantitative methods
- 3.3 Classical (administrative) theorists
- Critical thinking 3.3: Was Weber wrong?
- 3.4 Human relations
- Critical thinking 3.4: What were the weaknesses of the Human Relations School?
- 3.5 Systems theory
- 3.6 Contingency theory
- Critical thinking 3.5: Management history – not bunk for Bill Smith
- Activities and further study
- 1 Defining Management
- 4 Planning and Strategy
- Case 4.1: Advantages of planning an assignment
- 4.1 Definition of planning and the various types of plan
- 4.2 Mission statements and visions
- Critical thinking 4.1: Problems with mission and vision statements
- 4.3 Strategic plans
- Case 4.2: Strategic planning in the NHS
- Case 4.3: Unison’s PEST analysis
- Case 4.4: Strategies that failed – Marconi and the Royal Bank of Scotland
- Critical thinking 4.2: Criticisms of strategic planning?
- 4.4 Tactical plans
- 4.5 Operational plans
- 4.6 Management by objectives (a synthesis of types of plan?)
- Critical thinking 4.3: Weaknesses of MBO
- 4.7 Advantages and disadvantages of planning and strategy?
- 4.8 Planning toolkit
- Activities and further study
- 5 Organisational Structures and Teamwork
- Case 5.1: Organisational restructuring at Pilkington in Australia
- 5.1 Definition of organising and organisational structures
- 5.2 Formal and informal organisational structures
- 5.3 Job design
- Critical thinking 5.1: Hot desks and employer commitment
- 5.4 Teams and teamwork
- Case 5.2: The C-suite teams at Goldman-Sachs etc.
- Critical thinking 5.2: What is wrong with self-managed teams?
- 5.5 Types of organisational structure
- 5.6 Major organisational dimensions
- 5.7 Organising toolkit
- Activities and further study
- 6 Organisational Change
- Case 6.1: Nokia’s organisational change – from manufacturing galoshes to mobile phone behemoth to ailing multinational
- 6.1 Definition and reasons why organisations change
- Critical thinking 6.1: Is change faster nowadays?
- Critical thinking 6.2: How to spot change blockers
- 6.2 Types of organisational change
- 6.3 The phases of change
- Critical thinking 6.3: What is wrong with Lewin’s stages?
- 6.4 Techniques of changing organisations
- Critical thinking 6.4: What is wrong with Lewin’s action learning cycle?
- Critical thinking 6.5: The Wild West of organisational change
- 6.5 Change toolkit
- Activities and further study
- 7 Staffing – Selecting, Developing and Motivating People
- Case 7.1: Investing in People at Eversheds
- 7.1 Definition and introduction to the staffing process
- 7.2 Job descriptions and personnel specifications
- Critical thinking 7.1: When height is a valid qualification for a job
- 7.3 Recruiting and selecting (employee resourcing)
- Case 7.2: Selection of technical managers
- Critical thinking 7.2: Lies, damn lies and cvs
- Critical thinking 7.3: The long-known weakness of traditional interviews
- 7.4 Training and developing (employee development)
- Critical thinking 7.4: Are case studies shared ignorance?
- 7.5 Motivating
- Critical thinking 7.5: What is wrong with Maslow and Herzberg?
- 7.6 Staffing toolkit
- Activities and further study
- 8 Leading and Leadership
- Case 8.1: Terry Leahy – Tesco’s finest
- 8.1 Definition and concept of leadership
- Critical thinking 8.1: Management versus leadership – a false dichotomy
- 8.2 Leaders
- Critical thinking 8.2: Do researchers understate links between traits and leader effectiveness because they only think in straight lines?
- Case 8.2: Edsel Ford: a rare example of hereditary leadership
- Case 8.3: Koresh’s toxic leadership in Waco
- 8.3 Leaders and followers Critical thinking 8.3: It’s the results that matter – not the leadership style
- 8.4 Situations and leading Critical thinking 8.4: Face-to-face leaders versus electronic leaders
- Critical thinking 8.5: Post-heroic leadership – Planet Utopia?
- Critical thinking 8.6: Leadership – philosophical, cynical and scientific views
- Critical thinking 8.7: Flaws in leadership research
- 8.5 New directions for leadership research
- 8.6 Leadership toolkit
- Activities and further study
- 9 Decision-making
- Case 9.1: A good “bad decision” to clean microwave ovens
- 9.1 Definition and types of decision
- Case 9.2: To tea or not to tea
- Case 9.3: Healthy Pepsi
- Critical thinking 9.1: Lehman Brothers’ risk busts the bank
- 9.2 Styles of decision-making
- Critical thinking 9.2: What’s the use of Vroom and Jago’s model?
- 9.3 The rational decision paradigm –decision-making in ideal circumstances
- Critical thinking 9.3: What is wrong with the rational decision paradigm?
- 9.4 Decision-making techniques
- Case 9.4: BodyCheck decides on its cardio equipment
- 9.5 Common problems in decision-making
- 9.6 Decision toolkit
- Activities and further study
- 10 Controlling
- Case 10.1: Poor control – Baring’s banker, Toyota’s troubles and Perrier’s poison
- 10.1 Definition and need for control
- 10.2 Components of control
- Case 10.2: Massaging control data in the British National Health Service
- Case 10.3: Correcting MPs’ expenses costs more than their fiddling!
- 10.3 Types of control system
- Critical thinking 10.1: Carpe diem gets control – for Goodhart!
- 10.4 The balanced scorecard
- 10.5 Dangers of control processes
- Critical thinking 10.2: Quis custodiet ipsos custodies?
- 10.6 Control toolkit
- Activities and further study
- 11 Reporting and Communicating
- Case 11.1: Doing a “Ratner”
- 11.1 Definition of communication and reporting
- Critical thinking 11.1: A good day to bury inconvenient information
- 11.2 Stages of communicating (Shannon and Weaver)
- Case 11.2: Words versus numbers in communication
- Case 11.3: The medium is the message
- Case 11.4: The communication of CaféDirect
- Case 11.5: Best advice – listen up!
- 11.3 Modifications to Shannon and Weaver’s model
- 11.4 Communications toolkit
- Activities and further study
- 12 Budgeting
- Case 12.1: Bad budgeting at the Beeb
- 12.1 Definition and concept of budgeting
- Case 12.2: Bank’s advice on budgeting
- 12.2 Non-financial budgets
- 12.3 Types of financial budget
- 12.4 The budgeting process
- Critical thinking 12.1: The problems of budget guesstimates?
- 12.5 Management ratios
- Critical thinking 12.2: Budget games
- Critical thinking 12.3: Disadvantages of budgeting
- Case 12.3: How budgeting helps First Luggage
- 12.6 Budgeting toolkit
- Activities and further study
- 13 Introduction to Management Functions
- 13.1 Line functions
- 13.2 Enabling functions
- 13.3 Controlling functions
- 14 Marketing
- Case 14.1: Marketing Red Bull
- 14.1 Definition of marketing
- 14.2 Successive views of the marketing function
- Critical thinking 14.1: Are “stages” marketing’s own QWERTY keyboard?
- 14.3 Markets
- Case 14.2: Rockefeller’s predatory pricing
- 14.4 Market strategy and market positioning
- Critical thinking 14.2: What is wrong with the Boston matrix?
- 14.5 Understanding markets (market research)
- 14.6 The marketing mix
- Case 14.3: Cause-related marketing
- Case 14.4: Guerrilla marketing
- Case 14.5: Misleading advertisements
- Critical thinking 14.3: The charges against marketing
- 14.7 The sales function
- Critical thinking 14.4: Why do textbooks shun sales?
- 14.8 The marketing plan
- Case 14.6: Sleigh Bell’s marketing plan
- Activities and further study
- 15 Operations
- Case 15.1: Life is a roller-coaster – managing operations at Thorpe Park
- 15.1 Definition of operations and general characteristics
- 15.2 Types of operations (manufacturing, services and product-service systems)
- Case 15.2: Manufacturing operations at Patak’s Foods
- Case 15.3: The development of a product-service system in the washroom
- 15.3 Designing operations
- 15.4 Operations layout
- 15.5 Managing operations
- 15.6 Purchasing, distribution and supply chain management
- Case 15.4: Beefing up the supply chain
- Critical thinking 15.1: What is wrong with just-in-time?
- 15.7 Quality and the operations function
- Critical thinking 15.2: Quality, bureaucracy and mediocrity – criticisms of the quality movement
- 15.8 Measuring the effectiveness of operations
- Activities and further study
- 16 Human Resource Management
- Case 16.1: The HR function at Media24 16.1 Definition and history of human resource management
- Case 16.2: The human resource function at Enterprise Rent a Car
- 16.2 Components of the human resource function
- Critical thinking 16.1: Why appraisal systems often fail
- Case 16.3: Reckitt Benckiser’s remuneration
- Critical thinking 16.2: Why are so many performance-related pay schemes ineffective?
- 16.3 The psychological contract
- Critical thinking 16.3: The bizarre nature of the psychological contract
- Case 16.4: Revenge for reneging on the psychological contract
- 16.4 Employee engagement
- Critical thinking 16.4: Doubts about employee engagement
- 16.5 The legal background to human resource management
- Case 16.5: Lloyds TSB earns disability benefits
- 16.6 Human resource strategy and manpower planning
- 16.7 The welfare role of human resource management
- Activities and further study
- 17 Finance and Accounting
- Case 17.1: The job of financial accounting
- 17.1 Managing the organisation’s money
- 17.2 Raising money
- Case 17.2: 3i – the doyen venture capitalist
- 17.3 Investing an organisation’s money
- 17.4 Financial reporting
- Case 17.3: Tesco profit and loss account
- Case 17.4: Tesco balance sheet
- 17.5 Management accounting
- Case 17.5: Tesco cash-flow statement
- Critical thinking 17.1: Are financial statements accurate? Watch out for restatements and lies
- Activities and further study
- 18 Information Management
- Case 18.1: Cloud computing and small fish
- 18.1 Historical context of IT
- Critical thinking 18.1: Are we collecting too much information?
- 18.2 Use of IT systems
- Case 18.2: Computer battles
- Critical thinking 18.2: Why IT systems fail
- 18.3 Structure of the IT function in an organisation
- Case 18.3: Keeping the lights on at Reuters
- Critical thinking 18.3: Computer clouds’ lead linings
- 18.4 E-commerce
- 18.5 B2C (Business to Consumer) e-commerce
- Critical thinking 18.4: E-fiascos and dotcom bubbles
- Case 18.4: Boo.com disaster – how not to e-tail
- 18.6 B2B (Business to Business) e-commerce
- Case 18.5: B2B integration
- 18.7 Knowledge management
- 18.8 What is knowledge?
- 18.9 Managing and using knowledge in organisations
- Critical thinking 18.5: Is KM business salvation or “the emperor’s new clothes”?
- Activities and further study
- 19 Social Responsibility and Business Ethics
- Case 19.1: Harvard MBA’s renounce greed
- 19.1 Definitions concepts of social responsibility and ethics
- Case 19.2: The Co-op is the UK’s ethical favourite
- 19.2 Philosophical bases of ethics and social responsibility
- Critical thinking 19.1: What is wrong with “might is right”?
- Critical thinking 19.2: What is wrong with utilitarianism?
- Critical thinking 19.3: What is wrong with deontology?
- Critical thinking 19.4: What is wrong with rights?
- Critical thinking 19.5: What is wrong with justice?
- 19.3 Business ethics for individual managers and professional workers
- Case 19.3: Olympic ideals, bribery and whaling
- Case 19.4: A silly duchess solicits a bribe
- Case 19.5: Conflicts of interest – Merrill Lynched?
- Case 19.6: Abuse of power – the Challenger space shuttle disaster
- Critical thinking 19.6: “Blowing the whistle”
- 19.4 Ethics and social responsibility for organisations
- Case 19.7: Mercenary Madoff
- Case 19.8: A gadget to die for
- 19.5 Business ethics for citizens and consumers
- 19.6 Rights of managers and professional workers
- 19.7 Ethics toolkit
- Case 19.9: Heinous Enron
- Activities and further study
- 20 Management Fads, Gurus and Research
- Case 20.1: Business process re-engineering: a recent management fad
- 20.1 Fads and crazes
- Case 20.2: Tulipomania – a classic fad
- 20.2 Management gurus
- Case 20.3: Doctor Fox’s Seductive Lectures
- Critical thinking 20.1: What is wrong with Drucker?
- Critical thinking 20.2: What is wrong with Peters?
- Critical thinking 20.3: What is wrong with Porter?
- 20.3 Witch doctors’ cons
- Critical thinking 20.4: Is the Hawthorne effect the real cause of many improvements?
- Case 20.4: Huge errors in management judgements
- 20.4 Scientific management research
- Case 20.5: Client interaction foils accurate evaluation
- Case 20.6: Comparing scientific method in management and pharmacology
- 20.5 Toolkit for evaluating scientific papers
- Activities and further study
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- Útgáfuár : 2011
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