New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Management 301 Week 1 Notes

by: Eunji Cho

Management 301 Week 1 Notes Management 301

Eunji Cho
GPA 3.8
View Full Document for 0 Karma

View Full Document


Unlock These Notes for FREE

Enter your email below and we will instantly email you these Notes for Principles of Management

(Limited time offer)

Unlock Notes

Already have a StudySoup account? Login here

Unlock FREE Class Notes

Enter your email below to receive Principles of Management notes

Everyone needs better class notes. Enter your email and we will send you notes for this class for free.

Unlock FREE notes

About this Document

Hey guys, This is my notes for the first week of Management 301. Hope you enjoy! -Eunji
Principles of Management
Bogdan Prokopovych
Class Notes




Popular in Principles of Management

Popular in Business, management

This 4 page Class Notes was uploaded by Eunji Cho on Thursday January 21, 2016. The Class Notes belongs to Management 301 at University of Massachusetts taught by Bogdan Prokopovych in Spring 2016. Since its upload, it has received 62 views. For similar materials see Principles of Management in Business, management at University of Massachusetts.


Reviews for Management 301 Week 1 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 01/21/16
UMass Amherst Management 301: Professor Prokopovych Notes for Week 1: Jan 19-22 By Eunji Cho January 19, 2016 1. Introduction Why Principles of Management? • Employment of management occupations is projected to grow 6 percent from 2014 to 2024, which will result in 505,400 new jobs. • This will be driven by the formation of new organizations and expansion of existing ones. In 2014, the median annual wage for management occupations was $97,230, which was the highest wage for most major occupations. 2. Main topics in this class • Social Responsibility & Managerial Ethics • Decision Making • Strategy • Leadership • Motivation • Groups & Teams • Organizational Structure & Design • International Management & Globalization January 21, 2016 Nature of Management What is Management? • Dictionary definitions o The process of dealing with or controlling things of people. o The responsibility for and control of a company or similar organization. o The people in charge of running a company or organization, regarded collectively • Historical approaches to management o Ancient China: art of warfare, Sun Tsu’s “The Art of War” o Ancient Egypt: building of pyramids o Roman Empire: building of roads and viaducts o Industrial Revolution: modern management – automated management, manathng labor • Etymology: “Maneggiaare” (15 century Italian) the ability to handle a horse Is Management a Profession? Professor Mintzberg: • “Put together a good deal of craft (experience, practical learning) with the right touch of art (vision, creating insights) alongside some use of science (analysis, systematic evidence), and you end up with a job that is above all a practice, learned through experience and rooted in context.” Increasing importance of management: Establishment of business schools • 1881: first business school, Wharton Business School, was established by John Wharton, an industrialist and entrepreneur. Management is… • Process: a series of activities • Resources: assembling and using • Tasks: acting in a goal-directed manner to accomplish • Organization: carried out in an organizational setting Managerial Challenges 1. Change: Technology, Globalization • Stock market, oil price, climate change 2. Resources: Financial, Human, Physical, Technology • Human assets, Internet 3. Strategically: Goals & strategies, Capabilities • Setting and being able to change goals 4. Entrepreneurially: Opportunities, Ideas, Dealing with uncertainty What Managers Do Managerial activities differ by… • Functions managers serve o Planning o Managing o Organizing o Directing o Controlling • Roles in which managers operate o Interpersonal roles: figurehead, leader, liaison § Social function at work, improving organizations o Decisional roles: entrepreneur, disturbance handler, resource allocator, negotiator § Decision maker, crisis manager (caretaker) o Informational roles: monitor, disseminator, spokesperson § Communicator, creator of the business’ image • Dimensions of each manager’s job o Demands § Types: activities/duties, performance standards § Sources: boss/organization o Constraints § Time, budget, technology § Attitudes § Legal o Choices § How to work § How much work § Who works § Which options What Skills Do Managers Need? • Technical: important for entry-level managers o Specialized knowledge (including when and how to use the skills) • Interpersonal: important for all managers o Sensitivity o Persuasiveness o Empathy • Conceptual: important for top-level managers o Logical reasoning o Judgment o Analytical ability


Buy Material

Are you sure you want to buy this material for

0 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Janice Dongeun University of Washington

"I used the money I made selling my notes & study guides to pay for spring break in Olympia, Washington...which was Sweet!"

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.