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Summary Chapter 2: Managers and Managing

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LO 2-1 Describe what management is, why management is important, what managers do, and how managers use organisational resources efficiently and effectively to achieve organisational goals. LO 2-2 Identify the four principal tasks managers perform in organisations and explain how managers’ ability to handle each one affects organisational performance. LO 2-3 Differentiate among three levels of management and understand the tasks and responsibilities of managers at different levels in the organisational hierarchy. LO 2-4 Distinguish among three kinds of managerial skills and explain why managers are divided into different departments to perform their tasks more efficiently and effectively. LO 2-5 Discuss some major changes in management practices today that have occurred as a result of globalisation and the use of advanced technology. LO 2-6 Identify and explain the five challenges managers face in today’s increasingly competitive environment.

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Uploaded on
April 13, 2023
Number of pages
5
Written in
2022/2023
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Summary

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