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BMOM TOPIC 1: FOUNDATIONS OF MANAGEMENT - Coggle Diagram
BMOM TOPIC 1: FOUNDATIONS OF MANAGEMENT
MANAGEMENT AND ITS NEW LANDSCAPE
...managers are required to manage effectively in the new landscape in order to be more competitive.
TECHNOLOGICAL CHANGE
As a manager, you should be able to change in order to manage and communicate with your employees more efficiently and effectively.
GLOBALISATION
Globalization has taken place and most managers today have to manage employees from different nationalities, cultures and values. When the diversity is well-managed, the organisation will be able to produce products and services that will capture new markets
KNOWLEDGE MANAGEMENT
With technology advancement, the way we manage the filing system will certainly be different from the way it was done previously.. The information can be scanned and filed in cloud storage on online servers. They can be retrieved anytime, anywhere and is becoming more convenient to do so.
COLLABORATION ACROSS BOUNDARIES
Having business partners from other parts of the world is becoming a norm and an acceptable practice, as some businesses might not be able to survive without foreign partners. In fact, the ability to serve international markets is a must in order to ensure the long term survival of businesses in Malaysia.
FUNCTIONS OF MANAGEMENT
ORGANISING
involves organising resources to ensure that each and every resource is utilised efficiently and effectively in meeting organisational goals and objectives.
LEADING
lead your subordinates and mobilise your staff efficiently and effectively
CONTROLLING
identify the skills that they are lacking as well as the learning exposure needed in order to mould or transform them to be ready to take on new challenges in the business environment.
PLANNING
always plan all your resources well in order to ensure that your department is able to synchronise with organisational goals and objectives.
NATURE OF MANAGEMENT AT DIFFERENT LEVELS
Frontline Managers
SKILL AND ROLES OF MANAGERS
QUALITIES OF AN EFFECTIVE MANAGER