Welcome to Unit 2-AB140 Again, WELCOME. You all made it to your second week. Congratulations! Are there any questions from Unit 1 you need clarification on before we begin with Unit 2? Please summarize in your own words at least one thing you learned from Unit 1. Instructor overview on Unit 1 discussion. 1

Foundations of Management Unit 2 – AB140 Key Concepts/Unit Outcomes/To-do-list tabs. Reading: Foundations of Management (pgs. 1-2). Reading: Organization as an Open System (pg. 1) and Interactive games (pg. 2). Reading: Textbook (pgs Chapter 2). Discussion: Scenario 24-hr. fitness center Assignment: Evolution of Management View the Timeline of Management Theory (pgs. 1-4) Seminar Review (20 points) 2

Unit 2 Objectives (Outcomes) Identify significant past and current management theories Describe the business organization as an open system Identify the role of internal and external environmental factors in business 3

Reminder activity for a to-do list… I have a little "memory" activity that I learned to stay on track. If, for example, I remember that my class assignment is due in 3 days--I switch my watch to the opposite wrist. Then every time I glance at my wrist, I remember, I am suppose to do my class assignment. Since, wearing my watch on the "wrong" wrist feels odd for me, I usually attend to the assignment so I can put the watch back on the correct wrist. This type of activity also helps me with other non-class "memory" reminders (instead of the string around the finger). Try it sometime. It's not as crazy as it might sound. I sometimes use a colorful rubber-band, as well. 4

KSTAICHVKOY Here is a stress reducer: The last name of a famous composer is scrambled above. Can you figure out who it is? The class music lovers will probably guess this one quickly… 5

Sewing items (next seminar)… I am soon going to send you an reminding you of a sewing “puzzle” to solve for our next Seminar. It will help you think-outside- the-box and reduce stress. Do not discuss this exercise in Discussion area, wait until next Seminar. I will also post the visual puzzle sewing items to our Document Sharing class tab next week. We will discuss your feedback in Seminar-Unit 3. Ask yourself: “Which sewing item/items in your opinion do not belong and why?” As a business student, I want you to start thinking differently. Think outside-the-box and consider alternative points of view in all things! We will discuss the answer in our third Seminar. Be prepared! The eight items pictured in the file will be: a blue thread ripper, red thread, clear hanger, white needle-threader, white zipper, yellow thimble, gray buttons, and a clear dress maker’s ruler. Have your answer ready for next Seminar! 6

Brainteaser What can you sit on, sleep on, and brush your teeth with? 7

General Questions 8

Unit 1 Review You succeed as a manager by focusing on what skill(s)? 9

Unit 1 Review What are some of the reasons a company fails? 10

Unit 1 Review What does POLC (the functions of management) signify? 11

Unit 1 Review What are some of the major challenges of managing today? 12

Unit 1 Review What does emotional intelligence mean to you? 13

Unit 1 Review What is the most valuable commodity for a business? 14

Unit 1 Review Nature of management at different levels (Using Kaplan as an example)… Frontline Managers = Instructors/Supervisors Middle Management = Academic Dept. Chair/Supportive Coaches Top Level = President/Instructional or Strategic Leaders 15

Unit 2 Can you distinguish between the macro- environment and the competitive environment? 16

Unit 2 What are some elements of an organization’s culture? 17

Unit 2 How does an organization’s culture affect its response to its external environment? 18

Unit 2 Can you identify elements of the competitive environment? 19

Unit 2 Who ultimately determines a companies success? 20

Unit 2 Why should managers and organizations attend to economic and social developments? 21

Unit 2 What are some of the ways an organization responds to environmental uncertainty? 22

Unit 2 Describe demographic trends that Nintendo might take into consideration when adding new products (like Wii Fit)? 23

What is meant by an “open system?” 24

Any General Questions? Seminar is coming to an end, soon. Let’s wrap-up the evening. 25

Seminar Concluded Good night. Have a great week! My office hours can be found on the class syllabus. My AIM ID is: DrDenhard. THE END… 26