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What is the purpose of management?
To get the "Right Work, Done Well!" by identifying what managers do and ensuring they do it effectively.
Why should you study management?
To understand its purpose and practice, prepare to be managed or manage others, and learn to become a successful manager by mastering "Right Work, Done Well!"
What are the core elements of "Right Work"
Vision, Mission, Goals, Strategy, Plans
What are the core elements of "Done Well"?
Organization Design,Human Resources Management, Employee Engagement, Performance Management
Why is applying management theory important?
Management is a practice—applying concepts, processes, and tools (e.g., via case projects and exercises) deepens understanding through experiential learning.
What are the limitations of management theories
Most lack scientific rigor due to difficulties in conducting controlled studies, recruiting participants, and creating controls.
Are management theories still valuable despite limitations?
Yes, academic and consulting firm research (e.g., McKinsey, BCG) provides useful perspectives from real-world interactions, even if not scientifically validated.
Who is Alex Gorsky, and what did he achieve?
Former Chairman/CEO of Johnson & Johnson (2012-2022), grew market cap from $180B to $470B, West Point/Wharton grad, Army Ranger, philanthropist ($10M+), now on JP Morgan and Apple boards.
How does Alex Gorsky relate to "Right Work, Done Well!"?
His leadership at J&J demonstrates "Right Work" (strategic growth, ethics) and "Done Well" (effective execution, employee/market success).
