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Week 5 Management Today (and in the recent past) Dr Michael Kennedy OAM What Success Looks Like • Pass the subject • Pass the course • Understand management (beyond knowledge) • Learn to think and act as a manager thinks and acts (capability)iin the 21st century. La Trobe Business School TODAY: Review of chapters 19 & 20 In Search of Excellence What Really Works 4+2 Formula Drucker : Overview The Theory of the Business La Trobe Business School MANAGEMENT TODAY La Trobe Business School OB lecture 10 Work - groups and teams 4 CHAPTERS 19 & 20 (IN BRIEF) Modern management thought is the product of developments in: • General management theory & study of managerial activities (commencing from Fayol) • Behavioural developments i.e. people-related • Evolving notions re organisational structure • Advances in quantitative and/or scientific problemsolving approaches (407) La Trobe Business School CHAPTERS 19 & 20 (IN BRIEF) g If any one factor had to be chosen to explain the concern for a general theory, it would be the need for more broadly educated managers who could: Improve performance within the firm (and) Understand the firm in its environmental setting. In this period management scholars turned from shoplevel management orientation to general management theory. (409) La Trobe Business School CHAPTERS 19 & 20 (IN BRIEF) Only within the last century did people begin to reflect systematically on their experiences and observations in an attempt t ...
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