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Summary - Management ( Managing and performing)

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A Summary providing information about the changing management environment and the 4 core functions of management

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Uploaded on
August 26, 2025
Number of pages
5
Written in
2024/2025
Type
Summary

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1️⃣
Managing and Performing
Finished
1.Managing in a competitive world
1.1 (De-)globalization
1.2 Technological change
1.3 Knowledge management
1.4 Collaboration across boundaries
2.Managing for competitive advantage
2.1 Succes drivers of performance
3.The four functions of management
3.1 The 4 functions
3.2 Management levels and skills




1.Managing in a competitive world




⇒ The four ongoing challenges that characterize the business landscape

1.1 (De-)globalization
increased integration & interaction
→ People, govs & businesses are getting more and more connected through trade, tech, & cultural exchange

Multinational Businesses
→ many well-known enterprises are global and have offices & production facilities all over the world

Role of expats and effect on companies
→ A company’s talent can come from anywhere( expats )
→ globalization effects both small and large companies



1.2 Technological change
Waves of digitalisation

Internet ( mid 90’s - early 00’s)
→ dot.com companies, on-line data acces and consultation,…

Mobile internet (2004-2015)
→ interactive, more user-friendly, consulting and sharing, social media start-ups,…

AI (2015-Now)
→ IoT, mobile applications, big data analytics, cloud computing, articifial intelligence,…

⇒ The internet provides a marketplace, distribution channel, info and networking point
Benefits of the internet


→ Driving down costs and speeding up globalization
→ Online info flows and learning processes
→ more efficient decision making

1.3 Knowledge management




Managing and Performing 1

, ⇒ Importance of a strong idea and transition into innovation
e.g. Entertainment, advertising, software,…

Knowledge management


= finding, sharing, & capitalizing on the most precious resources of an org to convert ideas into
innovation

Key components

People’s expertise and skills

vision and creativity

relationships through networking and collaboration

Knowledge workers


= workers that use information and expertise to generate ideas, identify problems and find solutions

1.4 Collaboration across boundaries
1.Internal


⇒ effective collab requires good communications between departments, divisions & other units of the org
e.g. T-Shaped Manager




→ shares knowledge (horizontal) and remains committed as a specialist to business unit (vertical), he has knowledge across and
within domains

2.External
⇒ companies may capitalize on the ideas of people
outside the organization
e.g. Consultants, freelancers, suppliers,…


2.Managing for competitive advantage
2.1 Succes drivers of performance




Delivering long-term performance ⇒ staying ahead of the competition by doing better than your competitors
⇒ the best managers & companies deliver on multiple performance dimensions




Managing and Performing 2
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