Principles of Management (MAN3025)

Week 5 Notes covers Chapter 7: Individual and Group Decision Making, which includes decision making, management functions, two approaches of decision making, evidence-based decision making, implementation principles, decision making styles, biases, three effective reactions, and group and team decision making.

Week 6 Notes cover Chapter 5: Planning, which includes planning, benefits of such, VRIO, fundamentals of planning, mission statements, vision statement, values statement, goals, action plans, operating plans, planning process, strategic goals, tactical goals, operational goals, standing policies, policy, procedure, rule, single-use plans, programs, project, SMART Goals, MBO (4 guiding principles), 4 step process, planning/control cycle, and planning for a turbulent environment.

Week 6 Notes covers the first portion of Chapter 6: Strategic Management, which includes the role of strategy in planning, why strategy matters, effective strategies (market positioning), importance strategy, competitive advantage, steps 1-2, competitive intelligence, SWOT analysis, forecasting, and the five competitive forces.

Week 7 Notes cover Chapter 6: Strategic Management, which includes Steps 3-5 of Strategic Management, Grand Strategies, Cost-Leadership, Differentiation, Cost-Focus, Focused-differentiation, Single-product, Diversification, Vertical Integration, Portfolio Planning Models, Implementing and Controlling Strategy (Execution), 3 building blocks, strategic formulation process, and the planning process.

Week 7 Notes covers the first portion of Chapter 8: Organizational Culture, Structure, and Design, which includes 3 integral parts of organizing, principles of organization, organizational architecture, culture, cultural values, Clan, Adhocracy, Hierarchy, Market, Artifacts, Values, Assumptions, Organizational Socialization, Socialization, Functions of Organizational Culture, Understanding Organizational Culture, 3 Decisions Managers Face, Process of Cultural Change, and a look at Amazon's cult...

Week 8 Notes covers the remaining portions of Chapter 8: Organizational Culture, Structure, and Design, which includes an organizational chart, common elements of organizations, basic types of organizational structures (functional, divisional, matrix, horizontal, hollow, modular, and virtual), Mechanistic vs. Organic organization, and differentiation vs integration.

Week 4 Notes covers Chapter 4: Global Management, which includes global economy, globalization, labor policies, the environment (general vs. international), Managerial Challenges, the economic environment, the legal-political environment, the sociocultural environment, MNE's, Companies expanding internationally, barriers to international trade (tariffs, import quotas, embargoes), international trade, foreign direct investment, World Trade Organization, World Bank, International Monetary Fund, Tr...

Week 9 Notes covers Chapter 9: Human Resource Management, which includes human resource management, strategic human resource management, principles, human capital investments, tools of strategic human resource management, Labor relations, compensation, health and safety, Equal employment opportunity, recruitment, selection, interviews, orientation, training, development, performance management, performance appraisal, incentives, benefits, career path, labor-management issues, and workplace labor...

Week 9 Notes covers the first portion of Chapter 10: Organizational Change and Innovation, which includes change, two types of change, forces of change, 5 key initiatives, and the application of changing strategies and initiatives at GE.