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    Management at a Glance: For Top, Middle and Lower Executives
    Management at a Glance: For Top, Middle and Lower Executives
    Management at a Glance: For Top, Middle and Lower Executives
    Ebook138 pages1 hour

    Management at a Glance: For Top, Middle and Lower Executives

    By Ahmed Shehu Awak

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    About this ebook

    This book is intended to provide a summarized knowledge of the various fields that make up the management discipline for executives, entrepreneurs, doctors, architects, engineers, lawyers, etc., who have interest in sharpening their conceptual skills about management and administration. It has been made in an easy-to-read format, and great effort has been made to avoid making it voluminous; hence, it is expected to serve as a handbook.
    LanguageEnglish
    PublisherAuthorHouse UK
    Release dateOct 11, 2012
    ISBN9781477237786
    Management at a Glance: For Top, Middle and Lower Executives
    Author

    Ahmed Shehu Awak

    Ahmed Shehu Awak is a PhD holder in business management from the International University Bamenda, Cameroon, and also a member of the National Institute of Marketing of Nigeria (chartered). He has worked in various capacities in Nigeria and acquired experiences in marketing, management, and administration. He is presently the managing partner of Roygbiv Consults Nigeria Limited, a firm specializing in marketing and management services.

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      Book preview

      Management at a Glance - Ahmed Shehu Awak

      MANAGEMENT

      AT A GLANCE

      SKU-000604831_TEXT.pdf

      FOR

      TOP, MIDDLE AND LOWER EXECUTIVES

      Ahmed Shehu Awak, PhD

      missing image file

      AuthorHouse™

      1663 Liberty Drive

      Bloomington, IN 47403

      www.authorhouse.com

      Phone: 1-800-839-8640

      © 2012 by Ahmed Shehu Awak, PhD. All rights reserved.

      No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

      Published by AuthorHouse 10/08/2012

      ISBN: 978-1-4772-3777-9 (sc)

      ISBN: 978-1-4772-3778-6 (e)

      Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.

      Certain stock imagery © Thinkstock.

      Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

      Contents

      Topic One :   Management Theory

      Evolution of Management

      Pre-Colonial Theory

      The Scientific Management Theory

      Administrative Theory:

      The Behaviorist/Human Relation Management Theory

      Organizational Theory

      Operation Research Theory:

      The System Theory:

      Contingency Theory:

      Definition of Management

      Management Functions:

      Who is a Manager?

      Managerial Roles

      Tasks of Managers

      Topic Two :   Human Resources Management

      The Domain of Managing Human Resources

      Human Resource Management Activities

      Human Resoruce Skills For Managers

      The Role of conceptual, technical and human skills

      Compensation: Theory And Administration

      Benefits

      Personnel Staffing And Evaluation

      Performance Evaluation:

      Job Analysis

      Recruitment and selection

      Topic Three :   Marketing Management

      Company orientations towards the market place

      Marketing Channels

      Work performed by marketing channels:

      Channel functions

      Channel levels:

      Logistics Strategy

      Nature and importance of physical distribution and marketing logistics:

      Major logistics functions

      Designing International Distribution Channels:

      Promotional Campaigns

      Retail Management

      Types of Retailers

      Topic Four :   Global Marketing

      Understanding the global environment

      The international trade system

      Deciding whether to go international

      Topic Five :   Computer In Business

      Computer in businesses

      Impact of computers on organizations

      Topic Six :   Cost Management Systems

      Cost object:

      Direct Cost and Indirect Cost Objects

      Topic Seven :   Entrepreneurship

      Functions of the entrepreneur

      Characteristics of an Entrepreneur

      Salary Employment versus Entrepreneurship

      Problems associated with salaried employment

      Advantages and disadvantages of entrepreneurship

      Topic Eight :   Financial Institutions,

      Markets And Economy

      Topic Nine :   Financial Reporting

      Reasons for holding cash

      Topic Ten :   International Real Estate

      International Overview

      Globalization of Real Estate Practice

      Topic Eleven :   Management Accounting

      Introduction to Management Accounting:

      Usage of Accounting Information

      Topic Twelve :   Portfolio Management

      Why do corporations issue stock?

      Raising money for investments

      Managing Risks

      Topic Thirteen :   Labour Management Relations

      Industry classifications

      Types of Unions

      Topic Fourteen :   Multinational Business Finance

      Multinational Business Finance:

      Foreign Exchange Markets and Participants

      The (IMF) International Monetary Fund in Multinational Business Finance

      The World Bank in Multinational Business Finance

      Central Banks in Multinational Business Finance

      Topic Fifteen :   Organization And Management Process

      Division of Labor and Coordination

      Coordinating work activities

      Formal communication:

      Elements of Organizational Structure:

      Topic Sixteen :   Organizational Behaviour

      Organization:

      The need to study Organizational Behavior

      The five anchors of Organizational Behavior (OB)

      Topic Seventeen :   Production Planning And Control

      Topic Eighteen :   Real Estate Law

      Special forms of ownership

      Restrictions on ownership

      Private restrictions on ownership

      Topic Nineteen :   Residential Property Development

      Factors that influence real property values:

      Residential layout considerations:

      Topic Twenty :   Risk Management

      Defining objectives:

      Threats and Opportunities

      Topic Twenty One :   Strategic Management

      Business Functional Policies

      Business strategy and strategic management:

      Corporate Strategy:

      Business and its environment

      Corporate social responsibility

      Topic Twenty Two :   The Management Of Teams

      Team design and features

      Task Characteristics:

      Team size:

      Team composition:

      Team diversity:

      Dedication

      This book is dedicated to humanity for the sake of knowledge.

      Preface

      This book is intended to provide a summarized knowledge of the various fields that make up the management discipline, for executives and other intending and potential entrepreneurs and managers to keep abreast of the various activities in several departments of their organizations, which they are responsible for eventual outcomes, in one way or another.

      The desire for this book was borne out of the fact that executives and other managers and entrepreneurs: Doctors, Engineers, Lawyers, Proprietors, Government officials etc may find it convenient as a handbook to acquire the introductory knowledge of management and administration in order to enhance their conceptual skills.

      The book is built on both theoretical and practical information, brief and concise, geared towards driving home points and tips for useful conceptualization. It has been fashioned in an easy to read and understand and format.

      All over the world, a lot of emphasis is laid on effective governance, both in public and private sectors of the economy, so as to have improved systems and standards of living. It is hoped that a hand book of this sort will come in handy. Great effort has been made to avoid making the textbook voluminous. It has been divided into topics according to various fields to provide easier access of the contents.

      Acknowledgement

      No man is an island, they say. I am grateful to all friends and colleagues that contributed in one way or the other towards this book. Dangana, PhD, thanks a lot. Mrs. Ochiagha, Uchenna Thessy, who typed and retyped times without number, thanks a lot too, Dr. Bashir(bobo),thanks and don’t forget project two. My family, nuclear and extended thanks for the love and support. My Author house family, thanks for a beautiful job.

      Topic One

      Management Theory

      Evolution of Management

      The emergence of management concepts, philosophies and ideas were fundamentally traced back to the existence of man. The earlier management concepts were record keeping procedures and processes developed by Sumerian Priests 500 BC. The ancient Egyptians equally used complex management techniques. The antiquated Chinese Personnel recognized the need for management functions of planning, organizing, influencing and controlling. Plato identified the principles of division of labor and specialization while Alexander the great initiated the managerial principle of decision making.

      Essentially, most of the management concepts used today was derivatives of the theories propounded by F.W. Taylor, Max Weber, Henry Fayol etc. The thoughts of Management Philosophies were grouped into phases. That is, the pre-colonial, scientific management theory, administrative theory, the behaviorist/Human Relation/Psychologists theory, organization theory, System theory and contingency theory.

      Below demonstrates the abridged explanation of the management school of thoughts.

      Pre-Colonial Theory

      As discussed above, management concepts began with the existence of Man. The needs of a man in the nuclear, extended, formal and informal settings, community and society were prioritized so as to be satisfied accordingly. Additionally, the industrialists began to convert the raw materials into goods and services towards the satisfaction of human needs during the conversion process. This required the managerial functions of planning, forecasting, organizing, directing, commanding, coordinating and controlling. Since the needs of man became so numerous, the industrialists began to introduce sophisticated management techniques and this led to the emergence of the second phase of scientific management theory.

      The Scientific Management Theory

      Organizational productivity, efficiency and proficiency had given birth to scientific school of thought by Fredrick Winslow Taylor (1856-1915). The founders of this school of thought were F.W. Taylor, Henry Granth and Frank as well as Lillian Gilbert. The prime proponents of scientific/traditional, Management was Fredrick W. Taylor and he based his philosophical inclination on four principles which included the following:

      (i)   The Scientific selection of workers

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