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Ch 21: Theories of Business Management

About This Chapter

This mobile-friendly business chapter examines several business management theories. These resources can help you improve your performance in class and quickly prepare for upcoming business exams.

Theories of Business Management - Chapter Summary

This comprehensive chapter explains and analyzes popular theories of business management. Inside the chapter, you'll find lessons that break down important management functions and describe managerial roles within an organization. You'll also learn why business management and processes are crucial for the growth and financial success of a company.

Each lesson comes with a short quiz to help you check your understanding of these business management theories. We've made these lessons available 24/7 and accessible on any Internet-connected device so you can study whenever and wherever it's convenient. After working through this chapter's lessons, you should be able to:

  • Explain how planning, organizing, leading and controlling contribute to the success of an organization
  • Evaluate the roles of top, middle and low-level managers in an organization
  • Outline Henry Mintzberg's managerial roles
  • Assess the importance of business management processes

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