PHA617: Unit 1B. Management Theories

IMPORTANCE OF STUDY MANAGEMENT

• provides skills that make it more likely you will have opportunities to become a manager.

IMPORTANCE OF STUDY MANAGEMENT

• improves the working relationships you will have with your own bosses.

IMPORTANCE OF STUDY MANAGEMENT

allows you to better understand how organizations operate.

IMPORTANCE OF STUDY MANAGEMENT

facilitates a better understanding of who you are and what your life ambitions are.

DYCK & NEUBERT MANAGEMENT VIEW

Mainstream and Multistream

MAINSTREAM

• effectiveness comes from maximizing materialist–individualist outcomes

• e.g., productivity, competitiveness, profitability

MAINSTREAM

Conventional

MAINSTREAM

the four functions are being performed effectively when organizational efficiency, productivity, and competitiveness are maximized.

Planning (Mainstream)

via measurable goals and rationally designed strategies

Organizing (Mainstream)

via standardization, specialization, and centralization

Leading (Mainstream)

via motivating others to achieve organizational goals

Controlling (Mainstream)

via vigilant monitoring of organizational performance

MULTISTREAM

• effectiveness comes from finding a balance among multiple forms of well-being (e.g., material, individual, social, ecological, intellectual, physical, and spiritual) for multiple stakeholders (e.g., owners, members, customers, suppliers, competitors, and neighbors).

MULTISTREAM

Sustainable

MULTISTREAM

the four functions are being performed effectively when virtues are practiced in community and happiness is achieved.

Planning (Multistream)

via practical wisdom, participation, and higher-order goals

Organizing (Multistream)

via courage and experimentation

Leading (Multistream)

via relational self-control and treating members with dignity

Controlling (Multistream)

via fairness and being sensitive to suboptimal conditions

Specific

Who and what?

Measurable

By how much?

Achievable

How?

Relevant

Why?

Time-Bound

When?

Significant

What impact will it make

Meaningful

How much impact will it make

Agreed-upon

How can a consensus be made?

Relevant

Why will this make an impact

Timely

When is the best time considering every aspect