Mng2601 notes Study guides, Study notes & Summaries

MNG2601 Summary for exam prep

This is a comprehensive summary of Lesson 1 in MNG2601. It includes the demarcated information included in the prescribed textbook as well as the study guide. If you choose not to buy the textbook, this summary fills in all the parts you would otherwise miss. These notes are very useful in studying for assignments and using as core study material

This document is a summary for the prescribed chapters to study for the 2021 examination for MNG2601.

Possible MCQ questions and answers for all assignments.

MANAGEMENT PRINCIPLES CHAPTER 1 INTRODUCTION TO MANAGEMENT 1.2 ORGANISATIONS AND MANAGERS All the products and services required to satisfy the consumer’s and, ultimately, society’s needs are produced and provided by specialised organisations such as hypermarkets, sports clubs, universities, car manufacturers, banks, guest houses, bicycle shops, hospitals, and airlines to mention but a few. People’s lives are influenced in some way or another by the managers of these numerous busine...

MNG 2601 notes Chapter 2 2.1. Managers and management A company is only as good as its management 2.2. Management and the management process Management is defined as the process of working with and through others to achieve organisational objectives as efficiently and effectively as possible within changing environment. Six components: 1. Management is a process 2. Working with and through others 3. Achieve organisational goals and objectives 4. Balance effectiveness and efficiency ...