Unit 1: Introduction to the Principles of Management

Front

What is the focus of Unit 1 in the management course?

Back

The focus is on the manager’s role in the business environment and the importance of performance as an outcome of business activity.

Front

What are the basic managerial concepts covered in Unit 1?

Back

Planning, organizing, leading, and controlling.

Front

Who owns public companies?

Back

Shareholders.

Front

What is the role of managers in public and larger privately owned businesses?

Back

Managers coordinate employee activities to deliver organizational goals and objectives.

Front

In what types of organizations are managers needed?

Back

Managers are needed in public companies, larger privately owned businesses, entrepreneurial organizations, and non-profit organizations.

Front

What does the Unit 1 reading introduce?

Back

Basic concepts of management.

Front

Why is there an increasing need for managers in businesses?

Back

As businesses expand, the need for managers to coordinate organizational resources to deliver goals and objectives continues to increase.

Front

What process is discussed in Chapter 1 of the Management Principles text?

Back

The S-M-A-R-T goal setting process.

Front

How should students consider applying the S-M-A-R-T goal setting process?

Back

In their personal or professional life in anticipation of future units.