Introduction to Management: Right Work, Done Well

These flashcards cover key concepts from the introductory chapter on management, focusing on definitions, core elements, managerial skills, and important considerations about management theory.

What is the primary purpose of management according to the textbook?

To get the 'Right Work, Done Well'.

Name two core elements of 'Right Work.'

Vision and Mission.

What are the two drivers of the financial value of a business?

Profitability and growth.

How do managers ensure that work is 'Done Well'?

By assigning responsibility, designing jobs, and integrating workflows.

What is performance management in the context of management?

Using tools and practices to manage the effectiveness and efficiency of the organization's activities.

What key skills do managers need to develop to be effective?

Leadership, decision-making, communication, conflict resolution, and negotiation.

What limitations exist regarding the study of management theories?

Many theories are not based on rigorous scientific study and do not guarantee success.

What is employee engagement?

Creating a mutually beneficial partnership between employees and their company in pursuit of shared goals.

Why is it important to apply management theory to real situations?

To better understand and learn the concepts, tools, and skills of management.

What should students consider about their journey in learning management?

It's a lifelong journey full of trials, successes, and failures.