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1.
International management is the practice of managing business operations in more than one country.
International Management in Practice analysing proposed deals, evaluating potentional partners, responding to
competitive threats; Have a clear understanding of the current situation, goals, threats and opportunities, and how
achievement is measured; the Role of International Management pozitive role is: increase technology,
infrastructure; new groups in purchasing power; GATT; the negative is : economic downturns; climate change;
scarcity of raw materials; aging populations.
Interpersonal Roles. The ones that, like the name suggests, involve people and other ceremonial
duties.
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Liaison Maintains the communication between all contacts and informers that compose the
organizational network.
Informational Roles
Related to collecting, receiving, and disseminating information.
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Monitor Personally seek and receive information, to be able to understand the organization.
Disseminator Transmits all import information received from outsiders to the members of the
organization.
Spokesperson On the contrary to the above role, here the manager transmits the
organizations plans, policies and actions to outsiders.
Decisional Roles
Roles that revolve around making choices.
Entrepreneur Seeks opportunities. Basically they search for change, respond to it, and
exploit it.
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Resource Allocator Makes or approves all significant decisions related to the allocation of
resources.
Disturbance Handler Responsible for corrective action when the organization faces
disturbances.
organization will get limited initiatives from those "on the front lines", and turnover among the best
subordinates will be higher.
In a democratic style, the manager allows the employees to take part in decision-making: therefore
everything is agreed upon by the majority. The communication is extensive in both directions (from
employees to leaders and vice-versa). This style can be particularly useful when complex decisions need
to be made that require a range of specialist skills: for example, when a new ICTsystem needs to be put
in place, and the upper management of the business is computer-illiterate. From the overall business's
point of view, job satisfaction and quality of work will improve, and participatory contributions from
subordinates will be much higher. However, the decision-making process could be severely slowed down
unless decision processes are streamlined. The need for consensus may avoid taking the 'best' decision
for the business unless it is managed or limited. As with the autocratic leaders, democratic leaders are
also two types i.e. permissive and directive.
Liberal management
This management style by itself would be an extremely bad choice, because by definition it
says refusal to interfere. This type of business management only works if the people involved are
self motivated and task oriented. Much like when a business first starts, each person knows what
they need to get done each day. Nobody has rule over the other and the job still gets done. Like
Doctors working together this is because they are highly trained, self-motivated, and professional
that they don't require direction or oversight.
Specific lvl- it refers to the ruling of communities, states and empires (agriculture communities)
they asked themselves how to rule the best and found solutions. Confucianism, Taoism,
Legalism.
Legalism:
-Socioeconomic order considered a centralized system with hierarchy and society of military type.; the force
considered a military one; ruler=authocratic; people punished by insignificant deeds so crimes wont appear; less
educated ppl are is easier to govern them; cult of personality-ruler=enigmatic,keeps distance with subordinates;
cultural revolution-elimination of all ideas but legalists;dictatorship.
14. The main representatives and ideas of the Administrative Management School.
Fayol described the practice of mg as something distinct from accounting, finance, production,
distribution, and other r typical business functions. Hes principles of MG: division of work,
authority (mgs must be able to give orders), discipline (employees must obey and respect the
rules that govern the org.), unity of command (every employee should receive order from only 1
superior), centralization, remuneration, order, equity, initiative.
M.Weber ( german sociologist)- described an ideal type of org: bureaucracy. It was a system
characterized by division of labor, a clearly defined hierarchy, detailed rules and regulations, &
impersonal relationships.
15. The main representatives and ideas of the Human Resources Management.
Human resources MG school the study of mg that focuses on human behavior. Much of what
currently makes up the field of personnel mg, as well as contemporary views on motivation and
leadership, hs come out of those who have categorized as being part of the human resources
approach to mg. Main representatives: Rober Owen, Hugo Munsterberg, Mary Follet, & Chester
Barnard. Owen was a critic of factory owners who hired child labor, worked them long hours,
and provided inhuman working conditions. He argued that money spent on improving labor was
one of the best investments that business executives could take. He claimed that showing
concern for employees both was highly profitable for mg and would relieve human misery. He is
remembered not for his successes, but for his courage and commitment to reducing the suffering
of the working class. Munsterberg suggested the use of psychological tests to improve
employee selection, the value of learning theory in the development of training methods, & the
study of human behavior in order to understand what techniques are most effective for
motivating workers. Mary Parker Follett (social philosopher) argued that individual potential
remained only potential until released through group association. The mgs job was to harmonize
& coordinate group efforts. Barnard believed that orgs were made up of people who have
interacting social relationships. The mgs major roles was to communicate & stimulate
subordinates of high level of effort.
business determine when income will be sufficient to cover expenses and when the company will need to
seek outside financing.
Marketing budget: The marketing budget is an estimate of the funds needed for promotion, advertising,
and public relations in order to market the product or service.
Project budget: The project budget is a prediction of the costs associated with a particular company
project. These costs include labor, materials, and other related expenses. The project budget is often
broken down into specific tasks, with task budgets assigned to each.
Revenue budget: The Revenue Budget consists of revenue receipts of government and the expenditure
met from these revenues. Tax revenues are made up of taxes and other duties that the government levies.
Expenditure budget: A budget type which include of spending data items.
Contemporary approaches to budgeting.
There are 3 approaches managers can take to budgeting. _Traditional approach- incremental budget-it
allocates funds to departments, develops out of the previous budget & only incremental changes are
reviewed by to managers. It has 2 big disadvantages: it focuses on providing funds for organizational
units rather then
for activities within the units. It begins with the last period + interest for inflation & request funds for new
/expended activities without revision of those absolute. 2 more actual approaches are Zero-based budgetthat justifies why an organization unit should get any budget al all, management evaluates and ranks all
activities & 3 Program Project Budget- it allocates funds to activities that are
needed to achieve a specific goal. It combines MBO budgeting in order to achieve the target. The major
different between this two kind is that the last 2 are elaborations of a Program Budget that deals with
allocation of funds for achieving a goal but the firs one deals with allocation only in departments and has
like reference point the balance of the previous period.
How to Organize It
SWOT Analyses are often arranged as a 2 by 2 matrices with the lists of strength and
weaknesses in the first two boxes in the first row and the lists of opportunities and threats
in the second row. By arranging the analysis this fashion, the lists are separated into
internal factors that can affect a project on the first row and external factors on the second
row. In addition, the first column consists of the positive factors (strengths and
opportunities) and the second column consists of negative actors (weaknesses and
threats.). This method provides a simple framework to keep lists organized and
conceptualize how the lists are related.
Give you a basis for scheduling when these tasks will be carried out.
Allow you to plan the allocation of resources needed to complete the project.
Help you to work out the critical path for a project where you must complete it by a
particular date.
When a project is under way, Gantt Charts help you to monitor whether the project is on schedule. If it is not, it allows
you to pinpoint the remedial action necessary to put it back on schedule.
and
Break-even
Analysis
as
Linear programming has become nowadays, the mathematical technique most used in solving a
variety of problems related with management, from scheduling, media selection, financial planning to
capital budgeting, transportation and many others, with the special characteristic that linear
programming expect always to maximise or minimise some quantity.
Two possibilities appear at the solution of a linear-programming problem:
1-Simplex method, developed by Dr.Dantzing, this method is remarkable due to its efficiency and
calculating facility. The simplex method can be used where distributions method cannot. Therefore
the field of application is quite broad. In complex cases this method saves time and effort by taking
us to the optimal solution in a finite number of steps.
2-Graphically, this option will be developed in the later example.
By means of one example we are going to gradually check the advantages and disadvantages of
linear programming as a management aid.
First of all it is known that one of the main advantages of linear programming is that it fits strictly with
reality, as we will see, the example reflects this property.
The Break Even Analysis form is used by companies in business plans and business
planning to determine the number of units which need to be sold for a specified price in
order for the business to cover total cost associated with the production. This Break Even
Analysis form is a downloadable Microsoft xls spreadsheet financial template that can be
modified using Excel for your companys specific use.
The psychological component of your time management skills can also be dealt with. The time
management skills information below will point at a relevant solution for your situation.
-Step 6: Selecting alternative This step in the critical act of choosing the best alternative from among
those enumerated and assessed. Since we have determine all the pertinent factors in the decision, weight
them appropriately, and identified the viable alternatives, we merely have to choose the alternative that
generated the highest score in step 5.
-Step 7:Implementing the alternative- Is concerned with putting the decision into action. Implementation
includes conveying the decision to those affected and getting their commitment to it.
-Step 8: Evaluating Decision Effectiveness
The last step in the decision making process appraises the result of the decision to see whether it has
corrected the problem. Did the alternative chosen in step 6 and implementing in step 7 accomplish the
desired result.
A more complex and time-consuming alternative is the Delphi Tech., which is similar to the nominal group tech
except that it does not require the physical presence of the group members. This is because the Delphi tech., never
allows the group members meet face to face. The steps of Delphi tech.
1 the problem is identified, and members are asked to provide potential solution through a series of carefully
designed questionnaires.
2 Each member anonymously and independently completes the first questionnaire.
3 Results of the first questionnaire are complied at a central location, transcribed, and reproduced.
4 Each member receives a copy to the result.
5 After viewing the result, members are again asked for their solution. The result typically trigger new solutions or
cause changes in the original position.
6 Steps 4 and 5 are repeated as often as necessary until consensus is reached.
-ELECTRONIC MEETING- The most recent approach to group decision making blends the nominal group
technique with sophisticated computer computer technology. Its called the electronic meeting.
and job opportunity within the org. -: problems of career promotion, time consuming,
competitiveness between employees.
3.Job Enlargement- the horizontal expansion of a job, an increase in job shape. J->task1->
task2->task 3..+:self-development by performing more tasks, economizing, -: no personal
development.
4.Job enrichment- (invented by Japanese companies) vertical expansion of a job by adding,
planning & evaluating responsibilities. It presupposes the combination of different functions in
your job. Workers combine all 3 operations of mg practicing self-mg at the work place. +: every
worker knows its place in the org, every opinion is taken into account, increases productivity,
high quality, trained, devoted personnel. -: company invests more in training.
-System 4: the flexibility of system 4 often leads to increased effectiveness, but is not
appropriate for every organization.
- Functional design ( U form)- based on functional departmentalization, makes maximum use
of functional specialization and therefore achieves the benefits of that specialization. It requires
considerable integration and coordination. It lends itself to centralized coordination, is common
among smaller firms.
- Conglomerate design (H form)- is found in the org that has grown through the development of
new and unrelated product lines. It uses the product form of departmentalization and takes
advantage of specialization based on knowledge of specific products or services, their production
& marketing.
- Under the Divisional design and org establishes fairly autonomous product departments that
operate as strategic business units.
-An org can retain the efficiency of functional departments and gain the advs of product
departmentalization through the use of the matrix design. Its useful when the firm has a diverse
set of products and a complex environment. Its flexible and improves motivation.
The basic principles of departmentalization:
1.Functional departmentalization (grouping activities by functions or managerial areas)
General director
HR MG
Financial MG
Marketing
MG
2. Geographical Departmentalization.
President:
Vice president
V P China
Europe
Marketing
deparment
Financial
department
Product line
B
in
international
- Authority means the rights inherent in a managerial position (to give orders & expect to be
obeyed). Line authority refers to the relationship (superior, inferior). Staff authority refers to
those who support a save & advice holders of line a.
-Delegation: the distribution of responsibility and authority within the org. Its the
descentralization of DM.
-degree of pragmatism
-mantainance of emotional distance
-how far ends justify means
-risk propensity (low, high)
b.) perception- the process of organizing and interpreting sensory impressions in order to give meaning to the
environment.
For perception it is characteristic:
-selectivity
-assumed similarity
-stereotyping
-halo effect- general impression of an individual based at a single characteristic.
Intelectual refers to the process of evaluation and revision on the meanings given to the environment by the
perception intelect analyzes the specifics of the perceiver of a target and of the situation at a whole.
Personality
Some people could be described as quiet and passive, whereas other are loud and aggressive. When we describe
people in terms of traits such as quiet, passive, loud, aggressive, ambitious, extroverted, loyal, tense, or sociable, we
are categorizing them in terms of personality traits. An individuals personality is the combination of the
psychological traits we use to classify that person.
Authoritarianism refers to a belief that there should be status and power differences among people in organizations.
The extremely high authoritarian personality is intellectually rigid, judgmental of others, deferential to those above,
exploitative of those below, distrustful, and resistant to change. Since few people are extreme authoritarian, our
conclusions must be guarded. It seems reasonable to postulate, however,, that possessing a high authoritarian
personality, would be negatively related to the performance of a job that demands sensitivity to the feelings of
others, tact, and the ability to adapt to complex and changing situations. On the other hand, in a job that is highly
structured and in which success depends on close conformance to rules and regulations, the highly authoritarian
employee should perform quite well.
Closely related to authoritarianism is the characteristic of Machiavellianism ("Mach"), named after Niccolo
Machiavelli, who wrote in the sixteenth century on how to gain and manipulate power. An individual who is high in
Machiavellianism-in contrast to someone who is lowis pragmatic, maintains emotional distance, and |! believes
that ends can justify means.9 "If it works, use it" is consistent with a high Mach perspective.
People differ in their willingness to take chances. Individuals with a high risk propensity make decisions more
rapidly and use less information in making their choices than do low-risk-propensity individuals.
Perception
Perception is a process by which individuals organize and interpret their sensory impressions in order to give
meaning to their environment. Research on perception consistently demonstrates that individuals may look at the
same thing, yet perceive it differently. One manager, for instance can interpret the fact that her assistant regularly
takes several days to make important decisions as evidence that the assistant is slow, disorganized, and afraid to
make decisions.
Another manager, with the same assistant, might interpret the same action as evidence that the assistant is
thoughtful, throughout, and deliberate. The point is that none of us actually sees reality. We interpret what we see
and call it reality, And of course, we act according to our perceptions.
goal achievement
Basic concepts of group behavior:
-role
-norm-acceptable standards
-status-prestige grading rang
-cohesiveness- the degree to which members are attracted to one another
Stages of group development:
1. forming-characterized by much uncertainty
2. storming- characterized by intra group conflict
3. norming-close relationship and cohesiveness
4. perfoming- characterized by the fact that group if fully functional
5. Adjourning- creation of some temporary groups that could focus not on task performance, but on creative
activities.
Communication that flows from a manager down the authority hierarchy. This type of
communication is needed in an organization to: Transmit vital information, Give instructions,
Encourage 2-way discussion, Announce decisions, Seek cooperation, Provide motivation, Boost
morale, Increase efficiency, Obtain feedback.
Both Downward & Upward Communications are collectively called Vertical Communication.
c) Horizontal/Lateral communication
Communication among any horizontally equivalent personnel. Horizontal Communication is
essential for: Solving problems, Accomplishing tasks, Improving teamwork, Building goodwill,
Boosting efficiency.
d.) Diagonal communication: c that cuts across functions and levels in an org.
2.External Communication
Communication with people outside the company is called external communication.
Supervisors communicate with sources outside the organization, such as vendors and customers.
It leads to better: Sales volume, Public credibility, Operational efficiency, Company profits
It should improve: Overall performance, Public goodwill, corporate image.
Ultimately, it helps to achieve: Organizational goals, Customer satisfaction.
Barriers:
1.Perceptual Barriers: The most common problem faced these days is that of the difference in
opinion between two people.
2.Emotional Barriers: Another main barrier is the fear and mistrust that form the roots of our
emotional barrier which stop us from communicating effectively with our co-workers.
3.Language Barriers: Language that describes what we would want to express and
communicate to others, may at times, serve as a barrier to them. In todays global scenario, the
greatest compliment we can pay to another person is by speaking and effectively communicating
to them in their local language.
4.Cultural Barriers: The world is made up of diverse cultures. A cultural barrier arises when
two individuals in an organization belong to different religions, states or countries.
5.Physical Barriers: Research shows that one of the key factors in building strong and
integrated teams is proximity.
Types: Functional conflicts- support an orgs goals. Dysfunctional- prevent an org from
achieving its goals.
MANAGING CONFLICT- Creating excess resources, Integrating or buffering. Work
groups that rely on one another can avoid conflict by creating buffers or by integrating tasks,
Creating superordinate goals. Group cohesion is enhanced by focusing activities on great
causes. ,Resolving interpersonal differences, Group problem solving. Conflict can be
resolved through participative groups in which decisions are discussed by the individuals who
are affected by them.
Conflict resolution options: avoidance (withdrawal from suppression of conflict),
accommodation ( resolving conflicts by placing anothers needs and concerns above ones own,
forcing (satisfying ones own needs and concerns of anothers), compromise (each part gives up
sth of value), collaboration (resolving conflict by seeking a solution advantageous to all parties.)
- The hierarchy of needs theory states that there are 5 needs: psychological, security needs,
social needs, elf-esteem needs, self-actualization needs
- Theory X is basically a negative view of human nature, assuming that employees dislike work,
are lazy, seek to avoid responsibility, and must be coerced to perform. Theory Y is basically
positive, assuming that employees are creative, seek responsibility, and can exercise selfdirection.
-The motivation hygiene theory states that not all job factors can motivate employees. The
presence or absence of certain job characteristics, or hygiene factors, can only placate employees
and not lead to satisfaction or motivation.
- Reinforcement theory emphasizes the pattern in which rewards are administrated.
-Goal setting theory views motivation as coming from an individuals internal statements of
purpose.
-In equity theory, individuals compare their jobs inputs-outcomes ration to those of relevant
others.
-The expectancy theory states that an individual tends to act in a certain way based on the
expectation that the act will be followed by a given outcome and on the attractiveness of that
outcome to the individual.
Motivational practices
-Every employee, including the president, gets a weekly 10% bonus by coming to work on time
each day thatweek
- Employees meet regularly to hear inspirational speeches, sing company songs, & chant the
corporate litany
- Hold inspirational get-togethers for sales force organizations
-Encourages competition among brand managers; system breeds people who love to compete and
excel.
A. To maximize motivation among today's diversified work force, managers need to think in
terms of being flexible. Many of the so-called family-friendly programmes and flexible working
schedules that organizations have developed are a response to the varied needs of a diverse
workforce.
B. Pay-for-performance programs are compensation plans that pay employees on the basis of
some performance measure.
C. Employee stock ownership plans (ESOPs) is a compensation program in which employees
become part owners of the organization by receiving stock as a performance incentive.
D. Motivating minimum-wage employees is one of the toughest motivation challenges a
manager faces. Since money typically can't be used as a reward, managers look for other types of
rewards such as employee recognition programs.
Human resource managers must satisfy three basic standards for their practices to be considered ethical:
HRM practices must result in the greatest good for the largest number of people
Employment practices must respect basic human rights of privacy, due process, consent, and free
speech
Human resource management practices of both managers and the human resource function must be aligned
and contribute to the companys strategic goals
Control is the process of monitoring activities to ensure that they are being accomplished as planned and
of correcting any significant deviations. Control is important because it monitors whether objectives are
being accomplished as planned and delegated authority is being abused. In the control process,
management must 1st have standards of performance from the objectives it formed in the planning stage.
Mg must then measure actual performance and compare that performance to the standards.
There are 3 types of control: feed forward control is future directed and prevents anticipated problems.
Concurrent control takes place while an activity is in progress. Feedback control takes place after the
activity. Most control efforts are directed at one of these areas: people, finances, operations, information,
or total org performance.
-The goals approach assesses effectiveness in terms of the accomplishment of ends. If the org achieves its
goals, it is effective.
- The systems approach assessed both means and ends. It is more comprehensive and takes a longer term
perspective.
-The strategic constituencies approach requires the org to satisfy the demands for those constituencies in
the environment from whom the org requires support for its existence.
An effective control system is accurate, timely, flexible, and understandable.
Leading organizations are becoming bolder in using this technology to support innovative business
processes, rather than refining current ways of doing work.
KAIZEN COMPARED TO BUSINESS PROCESS REENGINEERING
When Kaizen is compared with the BPR method it is clear the Kaizen philosophy is more people-oriented, more easy
to implement, but requires long-term discipline and provides only a small pace of change. The Business Process
Reengineering approach on the other hand is harder, technology-oriented, it enables radical change but it requires
considerable change management skills.