Business - management and change

Business Studies HSC Topic 1: Business Management and tack Management exercises: 1.Interpersonal role: component relating to pile inside and away(p) the organization. Managers moldiness communicate with the people around them. Negotiating and compromising with altogether 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 germane(predicate) people. Act as a spokesman to the public. 3.Decisional role: choices curb to be made by managers. They act as disturbance handlers, negotiators and resource allocationers. Skills of management: People skills: the ability to communicate, negotiate, lead and delegate. They essential deliver 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 environs *Reasonable wage External: Government: *Abide by the laws * even off tax *Use Australian products/ dish out *Employ Australian citizens. Customers: *Provide safe product/service *Warrantee *Instructions/ingredients *Fair/reasonable price Suppliers/creditors: * throw on time *Provide feedback *Notify if you cant remuneration them *Abide by terms and conditions Society: *Provide meshing *Provide goods/services *Be responsible in apply resources - future generations Environment: *Waist management *Recycle * fall in 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 merely employees want increasing wages Resolution: negotiate wages. shed the employees the election of becoming shareholders. 2. Environment vs profit: Being environmentally responsible cost money Resolution: Recycle. Use it as a marketing strategy. Management Theories: Classical Scientific: * distinguished *hierarchical - pyramid *Division of labour *Specialisation * centralise on planning, organizing and controlling *Task centered *From top bechance communication StrengthsWeaknesses Increased productivityBoredom resulting from production line approach wildness 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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