Learn Figure 1.6 Managerial skills needed at various managerial levels p16 A competency in managerial skills refers to the necessary: # Competency 1 Knowledge 2 Skills 3 orientation Management and Organisational Performance p18 # Theory Description 1 The fundamental economic principle Achieving the highest possible satisfaction of with scarce resources 2 The task of management in a free-market economy To manage in such a way that the organisation makes a sustainable profit, that is, earns the highest possible income with the lowest possible costs 3 The triple bottom line Run the organisation as profitably as possible with due responsibility of the organisation towards the community, as well as the environment for which it needs to care CH2 The Evolution of Management Theory p27 Understanding the Different Management Theories p30 The environmental forces that shape management thought: # Environmental Force 1 Social 2 Ecological 3 International 4 Technological 5 Economic 6 Political The key elements of productivity are: # Element of Productivity 1 The outcome is continuous improvement of performance 2 The improvement must be measurable 3 The key drivers of productivity are: Doing the right things Effectiveness things the right way Efficiency
Learn Figure 1.6 Managerial skills needed at various managerial levels p16 A competency in managerial skills refers to the necessary: # Competency 1 Knowledge 2 Skills 3 orientation Management and Organisational Performance p18 # Theory Description 1 The fundamental economic principle Achieving the highest possible satisfaction of with scarce resources 2 The task of management in a free-market economy To manage in such a way that the organisation makes a sustainable profit, that is, earns the highest possible income with the lowest possible costs 3 The triple bottom line Run the organisation as profitably as possible with due responsibility of the organisation towards the community, as well as the environment for which it needs to care CH2 The Evolution of Management Theory p27 Understanding the Different Management Theories p30 The environmental forces that shape management thought: # Environmental Force 1 Social 2 Ecological 3 International 4 Technological 5 Economic 6 Political The key elements of productivity are: # Element of Productivity 1 The outcome is continuous improvement of performance 2 The improvement must be measurable 3 The key drivers of productivity are: Effectiveness Efficiency Doing the right things things the right way
MNG2601-study_notes_2012_final.docx