Why Study Management The Value of Studying Management

Why Study Management? • The Value of Studying Management – The universality of management • Good management is needed in all organizations – The reality of work • Employees either manage or are managed – Self-employment • Running your own business rather than working for someone else Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada 29

Exhibit 1. 10 Universal Need for Management All Sizes of Organizations Small All Organizational Areas Manufacturing —Marketing Human Resources —Accounting Information Systems —etc. Large All Types of Organizations Management Is Needed in. . . Profit Not-for-Profit All Organization Levels Bottom Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada Top 30

Summary and Implications • What makes someone a manager? – Managers work with and through other people by coordinating employee work activities in order to accomplish organizational goals. • What is management and what do managers do? – Management is coordinating work activities so that they are done efficiently and effectively. Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada 31

Summary and Implications • What characteristics define an organization? – Managers work in a variety of organizations both large and small within various industries • What are the challenges to managing? – The greatest managerial challenge is the crisis in ethical responsibility damaging today’s organizations • Does studying management make a difference? – Understanding management helps us to improve organizations Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada 32