Ltc pp mgt330_wk2 Copyright 2013 Edward F. T. Charfauros. Reference, .

Presented by

Celine Israel, Kodi Womack, Tawnya Tunudra, Edward Charfauros

AGENDA

• Four Functions of Management

• Internal and External

• Globalization and Innovation

• Technology

• Diversity

• Ethics

• References

• Questions & Answers

Four Functions of Management

•Planning : Delivering Strategic Value

•Organizing: Building a Dynamic

Organization

•Leading: Mobilizing People

•Controlling: Learning and Changing

Internal and External

• Strategic Planning – involves making decision about the organization’s long-term goals and strategies.

• Strategic Management – process has six major components:

• Establishment of mission,vision, and goals• Internal strengths and weaknesses• External opportunities and threats• SWOT – strengths, weaknesses, opportunities and

threats• Strategy implementation and strategic control

Globalization and Innovation

• Process of interaction• Affects management

through– Customer base –

whole world available– Employees – transfer

internationally– Competition –

increased• Good leaders able to

adapt to global characteristics

• Introduction of new goods & services

• Most productive in delivery• Driven by globalization• Companies must innovate

InnovationGlobalization

Technology

• Pros:• Promotes high-performance• Expedites communication• Virtual opportunities• Facilitates globalization

• Cons:• Stressors of electronic communication• Causes distractions• Evolving boundaries• Increases operational costs

Diversity

• Pros:• Produces creativity and innovation• Leverage broader range of talent• Provides opportunity for growth and enrichment• Promotes teamwork and problem-solving skills

• Cons:• Lack of cohesiveness • Communication issues• Stereotyping and discrimination

Ethics

• Ethical Systems– Moral Philosophy – Universalism– Caux Principles

• Egoism and Utilitarianism• Relativism• Virtue Ethics

– Kohlberg’s Model of Cognitive Moral Development

• Business Ethics • The Ethics Environment

– Ethical Climate – Ethics Codes

• Ethics Programs

• Ethical Decision Making • Courage

References

• T. S. Bateman and S. A. Snell. (2009). Management: Leading & Collaborating in a Competitive World, Eighth Edition. ISBN: 9780073381428. Copyright © 2009 McGraw-Hill, a business unit of the McGraw-Hill Companies, Inc.

QU