Business - management and change

Business Studies HSC Topic 1: Business Management and lurch Management exercises: 1.Inter own(prenominal) role: component relating to pile inside and after-school(prenominal) the organization. Managers moldiness communicate with the people around them. Negotiating and compromising with every(prenominal) stakeholders. 2.Informational role: Access to info. through with(predicate) setting up a MIS (Management Info. System). Organize the info and follow up it on to the relevant people. Act as a spokesman to the public. 3.Decisional role: choices dupe to be made by managers. They act as disturbance handlers, negotiators and preference allocationers. Skills of management: People skills: the ability to communicate, negotiate, lead and delegate. They essential maintain good listening skills, provide feedback, disciplinary skills. Managers must have strategic thinking, vision, flexibility and adaptability to change. Must be self-managing, teamwork, mellow personal standards and ethical. Responsibility to Stakeholders: Internal: Shareholders: * submit dividends *Keep them informed *Be ethical/moral Employees: *Provide full working environment *Reasonable wage External: Government: *Abide by the laws * even off tax *Use Australian products/ work *Employ Australian citizens. Customers: *Provide safe product/ help *Warrantee *Instructions/ingredients *Fair/reasonable price Suppliers/creditors: * net profit on time *Provide feedback *Notify if you cant pay back them *Abide by terms and conditions Society: *Provide interlocking *Provide goods/services *Be responsible in development resources - future generations Environment: *Waist management *Recycle * demote sustainability Reconciling conflicts of interest Conflicts exist amid stakeholder and resolutions must be negotiated by management 1.Employee vs Shareholders: Shareholders indispensability increasing do good further employees want increasing wages Resolution: negotiate wages. enforce t he employees the election of becoming share! holders. 2. Environment vs profit: Being environmentally responsible cost money Resolution: Recycle. Use it as a marketing strategy. Management Theories: Classical Scientific: * controlling *hierarchical - pyramid *Division of labour *Specialisation * focus on planning, organizing and controlling *Task centered *From top commit communication StrengthsWeaknesses Increased productivityBoredom resulting from production line approach strain on promoting efficiency and waist productionNeglects the... If you want to get a full essay, order it on our website: OrderEssay.net

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