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Management 301 Week 4 Notes

by: Eunji Cho

Management 301 Week 4 Notes Management 301

Eunji Cho
GPA 3.8

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Hey guys, This is my noted for the fourth week of Professor Prokopovych's Management 301 class. Hope you enjoy! -Eunji
Principles of Management
Bogdan Prokopovych
Class Notes
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This 4 page Class Notes was uploaded by Eunji Cho on Friday February 12, 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 47 views. For similar materials see Principles of Management in Business, management at University of Massachusetts.

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Date Created: 02/12/16
UMass Amherst Management 301 Professor Prokopovych Week 4 Notes: Feb 8-12 By Eunji Cho February 9, 2016 Guest Speaker Do the Math tour ACUPCC • Signed by every chancellor/president since 2007 UMass Amherst leadership • ACUPCC, AASHE & STARS, Princeton Review, Sierra Club, Mass Recycle Measuring campus sustainability • 2011: 66.49 points o 1 of 16 STARS Gold universities • 2014: 70.93 points • 2015: 68.60 points o 1 of 80 STARS Gold universities Sustainability planning • Climate action plan: 2010 & 2012 • Campus master plan: 2012 • Solar energy plan: 2013 • Energy master plan: 2014 • Landscape master plan: 2015 1. Food 2. Energy & Emissions • Fuel switching o Created steam room that produces 70% of the campus’ electricity • Steam lines • Solar projects • 200kW solar panels at parking lots • Plans to scale this up -> 4MW for 2 more parking lots and 6 buildings 3. Waste • New 2 U tag sale • Compost o 1400 tons a year on campus • Game day recycling challenge Sustainability • Green buildings: ILC • Hybrid buses • Bike share program 4. Water • Reclaimed water usage • Erosion due to waterway below campus February 11, 2016 Exam 1 Review Wednesday February 17 th 4-7pm, Campus center auditorium Bring #2 pencil Nature of Management • Defining management • Management as a profession • Different views of what managers do • Main managerial challenges • Management skillset Defining terms questions Social responsibility & Management ethics • Defining main ethics relevant concepts (e.g. ethical lapses, moral intensity, etc.) • Factors impacting individual ethics • Kohlberg’s Stages of Moral Development • Frameworks of ethical decision-making • Efficiency and CSR perspectives; Creating Shared Value approach • Enablers of ethical decision-making among firms Decision-Making • Examples of historical decision-making developments • Defining decision-making • Decision-making process: its phases and models • Types of decisions and Gresham’s law of planning • Levels of decision-making: individual and group;; issues Strategic Management • common elements of strategy; examples from history • defining strategic management • competitive advantage and its criteria • strategic management process and its steps • mission and vision statements • strategic Analyses: o Evaluating external environment: general and industry (5 Forces Framework), complements as a sixth force o Evaluating internal resources & capabilities: value chain • SWOT as integration of external and internal analyses • Firm strategies: business-level and corporate Planning • Management history lessons related to planning • Elements of planning: objectives, plans, and planning process • Types of plans (strategic, tactical, & operational) and their key differences • Organizational levels in planning; plan types and organizational levels • The planning process: its elements and tools for the analysis of the firm’s Other things to consider • Examples that we used – Porter’s video • “Meet the Manager” Guest Speaker’s lecture (Ezra Small, UMass Amherst Sustainability Manager) 45-55 multiple choice questions


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