Why Study Management? The Value of Studying Management The universality of management Good management is needed in all organizations The reality of work Employees either manage or are managed Self-employment Running your own business rather than working for someone else Learning Objective #5 Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada

Exhibit 1.10 Universal Need for Management All Sizes of Organizations Small Large All Organizational Areas Manufacturing —Marketing Management All Types of Organizations Is Needed Human Resources — Accounting in... Profit Not-for-Profit Information Systems — etc. All Organization Levels Bottom Top Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada

Summary and Implications What makes someone a manager? Managers work with and through other people by coordinating employee work activities in order to accomplish organizational goals. What is management and what do managers do? Management is coordinating work activities so that they are done efficiently and effectively. Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada

Summary and Implications What characteristics define an organization? Managers work in a variety of organizations both large and small within various industries What are the challenges to managing? The greatest managerial challenge is the crisis in ethical responsibility damaging today’s organizations Does studying management make a difference? Understanding management helps us to improve organizations Chapter 1, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada