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Introduction: The Importance Of Management - Document preview page 1

Introduction: The Importance Of Management - Page 1

Document preview content for Introduction: The Importance Of Management

Introduction: The Importance Of Management

Download this Project Presentation to understand the critical role of management in business success.

Michael Davis
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Introduction: The Importance Of Management - Page 1 preview imageIntroductionTheimportance of managementManagersinfluenceallphasesofmodernorganizations.Plantmanagersrunmanufacturingoperationsthatproducetheclothwewear,thefoodweeat,andtheautomobileswedrive.Salesmanagersmaintainasaleforcethatmarketsgoods.Personnelmanagersprovideorganizationswithacompetentandproductiveworkforce.The“jobavailable”sectionintheclassifiedadvertisementsofanymajornewspaperdescribesmanydifferenttypesofmanagementactivitiesandconfirmstheimportanceofmanagement.
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Introduction: The Importance Of Management - Page 2 preview image
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Introduction: The Importance Of Management - Page 3 preview imageIntroduction
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Introduction: The Importance Of Management - Page 4 preview imageLeader versus ManagerLeadingisnotthesameasmanaging.Manyexecutivesfailtograspthedifferencebetweenthetwoandthereforelaborunderamisapprehensionabouthowtocarryouttheirorganizationalduties.Althoughsomemanagersareleadersandsomeleadersaremanagers,leadingandmanagingarenotidenticalactivities.
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Introduction: The Importance Of Management - Page 5 preview imageLeader versus Manager
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Introduction: The Importance Of Management - Page 6 preview imageLeader versus ManagerAccordingtoTheodoreLevitt,managementconsistsof“therationalassessmentofasituationandthesystematicselectionofgoalsandpurposes(whatistobedone);thesystematicdevelopmentofstrategiestoachievethesegoals;themarshallingoftherequiredresources;therationaldesign,organization,direction,andcontroloftheactivitiesrequiredtoattaintheselectedpurposes;and,finally,themotivatingandrewardingofpeopletodothework”
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Introduction: The Importance Of Management - Page 7 preview imageLeader versus ManagerLeadership,asoneofthefourprimaryactivitiesoftheinfluencingfunction,isasubsetofmanagement,managingismuchbroaderinscopethanleadingandfocusesonnonbehaviouralaswellasbehavioralissues.
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Introduction: The Importance Of Management - Page 8 preview imageCEO PaulGirolamAchievementatGlaxo
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Introduction: The Importance Of Management - Page 9 preview imageCEO PaulGirolamAchievementatGlaxoPharmaceuticalcompanyGlaxointroduceditsulcermedicationZantactoattractmarketincumbentTagamat.Theconventionalwisdsomwasthat,asthe“secondonein”,GlaxoshoudpriceZantact10percentbelowTagamat.CEOPaulGirolamknewthatZantactwassuperiortoTagamatintermsoffewerdruginteractionsandsideeffectsandmoreconvenientdosing.GlaxointroducedZantactatasignificantpricepremiumoverTagamatandstillholdsthemarketleaderposition.
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Business Management

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