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Welcome to MT 140 Unit 2 – Foundations of Management

Welcome to MT 140 Unit 2 – Foundations of Management. Cynthia Cherry. Unit 2 Outcomes. Identify significant past and current management theories Describe the business organization as an open system Identify the role of internal and external environmental factors in business.

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Welcome to MT 140 Unit 2 – Foundations of Management

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  1. Welcome to MT 140Unit 2 – Foundations of Management Cynthia Cherry

  2. Unit 2 Outcomes • Identify significant past and current management theories • Describe the business organization as an open system • Identify the role of internal and external environmental factors in business

  3. Take out a piece of paper….

  4. J FKFB INAT OUP SNA SAI RS

  5. JFK FBI NATO UPS NASA IRS

  6. From Made to Stick by Chip Heath and Dan Heath

  7. Businesses are open systems

  8. Businesses are open systems INPUTS Raw Materials Services Equipment Capital Information Products Services OUTPUTS Organization Bateman/Snell: Management

  9. The External Environment Bateman/Snell: Management

  10. Competitive Environment • Who is the competition? • How do they compete? • What are competitors doing?

  11. Barriers to Market Entry

  12. Barriers to Market Entry • Government Policy • Capital Requirements • Brand Identification • Cost Disadvantages • Distribution Channels

  13. Substitutes and Complements • Substitutes: a potential threat • Complements: a potential opportunity

  14. Management Theories • Classical • Behavioral • Systems • Contingency

  15. Classical Approach • Late 1800’s • “One best way” • Task definition • Dividing and simplifying tasks • Frederick Taylor, Fayol, etc. • Our current POLC is derived from Henri Fayol’s Theory circa 1917!

  16. Behavioral Approach • Early 1900’s • Need to understand people attitudes and behaviors • Hawthorne Experiment

  17. Systems Approach • 1930-1940 • Organization is a set of interrelated parts that can be managed as a whole • Inputs, transformation, output, feedback • W. Edward Deming • Continuous improvement and process control

  18. Contingency Approach • 1960’s • “It depends”

  19. Unit 2 Assignments • Reading, Chapter 2 • Discussion Question • Assignment • Review

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