Business - management and change

Business Studies HSC Topic 1: Business Management and flip Management exercises: 1.Inter individualized role: component relating to pile inside and extraneous the organization. Managers moldiness communicate with the people around them. Negotiating and compromising with entirely stakeholders. 2.Informational role: Access to info. through with(predicate) setting up a MIS (Management Info. System). Organize the info and follow up it on to the applicable people. Act as a spokesman to the public. 3.Decisional role: choices throw off to be made by managers. They act as disturbance handlers, negotiators and imagination allocationers. Skills of management: People skills: the ability to communicate, negotiate, lead and delegate. They essential suck good listening skills, provide feedback, disciplinary skills. Managers must have strategic thinking, vision, flexibility and adaptability to change. Must be self-managing, teamwork, mellow personal standards and ethical. Responsibi lity to Stakeholders: Internal: Shareholders: * submit dividends *Keep them informed *Be ethical/moral Employees: *Provide full working surround *Reasonable wage External: Government: *Abide by the laws * even off tax *Use Australian products/ serving *Employ Australian citizens. Customers: *Provide safe product/service *Warrantee *Instructions/ingredients *Fair/reasonable price Suppliers/creditors: * stomach on time *Provide feedback *Notify if you cant birth them *Abide by terms and conditions Society: *Provide booking *Provide goods/services *Be responsible in victimization resources - future generations Environment: *Waist management *Recycle * arm sustainability Reconciling conflicts of interest Conflicts exist amid stakeholder and resolutions must be negotiated by management 1.

Employee vs Shareholders: Shareholders indispensability increasing do good moreover employees want increasing wages Resolution: negotiate wages. bring back the employees the election of becoming shareholders. 2. Environment vs profit: Being environmentally responsible cost money Resolution: Recycle. Use it as a marketing strategy. Management Theories: Classical Scientific: * unequivocal *hierarchical - pyramid *Division of labour *Specialisation * taper on planning, organizing and controlling *Task centered *From top give-up the ghost communication StrengthsWeaknesses Increased productivityBoredom resulting from production line approach tenseness on promoting efficiency and waist productionNeglects the... If you want to get a full essay, order it on our website: OrderEssay.net

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