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Student Guide Essay

545 words - 3 pages

Week One Student Guide

In Week One, you will be introduced to the key concepts and theories of management’s four primary functions: planning, organizing, leading, and controlling. The readings explain various internal and external factors that affect management. These factors are important because as you examine each of the four primary management functions, you will become more aware of the internal and external influences as well as the decision-making processes that affect management.

Functions of Management

OBJECTIVE: Define the four functions of management.

Resources: Ch. 1 and Appendix A of Management: Leading & Collaborating in a Competitive World


• Ch. ...view middle of the document...

Resources: Ch. 2 of Management: Leading & Collaborating in a Competitive World


• Ch. 2: The External Environment and Organizational Culture of Management: Leading & Collaborating in a Competitive World

o The Macroenvironment

• Laws and Regulations
• The Economy
• Technology
• Demographics
• Social Issues and the Natural Environment

o The Competitive Environment

• Competitors
• New Entrants
• Substitutes and Complements
• Suppliers
• Customers

o Environmental Analysis

• Environmental Scanning
• Scenario Development
• Forecasting
• Benchmarking

o Responding to the Environment

• Adapting to the Environment: Changing Yourself
• Influencing Your Environment
• Changing the Environment You Are In
• Choosing a Response Approach

o Culture and the Internal Environment of Organizations

• Diagnosing Culture
• Managing Culture

OBJECTIVE: Identify the steps in the decision-making process.

Resources: Ch. 3 of Management: Leading & Collaborating in a Competitive World


• Ch....

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