Ch 3: Management in Organizations

About This Chapter

Watch online video lessons to learn about the four functions of management, the organizational decision-making process, the stakeholder approach to management and more. Each lesson is accompanied by a short multiple-choice quiz you can use to check your understanding of these management topics.

Management in Organizations - Chapter Summary and Learning Objectives

In this chapter, instructors discuss the different approaches to management and touch on some of the common roles managers share, whether they're CEOs, regional directors or sales leaders. Our experienced educators also provide you with an overview of management basics, such as managers' organizational and planning functions, as well as the steps managers follow when making business decisions both big and small. Once you finish watching the video lessons in this chapter, you should be able to do the following:

  • Compare and contrast approaches to management
  • Identify the three levels of managers
  • List the four functions of management
  • Describe the managerial decision-making process

Video Objectives
The Stockholder vs. Stakeholder Approach to Management Explain the stakeholder approach to management. Contrast it to the stockholder approach.
Management in Organizations: Top-, Middle- & Low-Level Managers Describe the roles managers play in organizations. Outline the responsibilities of top-, middle- and low-level managers and list sample titles for each.
Four Functions of Management: Planning, Organizing, Leading & Controlling Explore the role each managerial function plays in contributing to an organization's success. Get an introduction to a possible fifth function, staffing.
The Decision-Making Process for Organizations List steps in the managerial decision-making process, including defining the problem, identifying limiting factors, selecting alternatives and implementing a decision.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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