Ch 1: Organizational Management in Business

About This Chapter

These lessons help you better understanding organizational management in business. Use these lessons to review different theories, definitions and elements related to business management.

Organizational Management in Business - Chapter Summary

One of the major subjects relevant to the study of business are the characteristics and roles of organizational management. Go through these text and video lessons to brush up on different types of managers in business settings, their primary roles and responsibilities, and relevant managerial theories.

Our lessons make great study guides because of the expertise and teaching experience of our instructors. They break down all the essential information in a clear and convenient format, with lessons averaging about eight minutes each. You'll review topics such as:

  • Classical theories of management
  • Differences between management and leadership
  • Levels and roles of management in organizations
  • The four functions of management
  • Cost accounting in management and financial management
  • How to prepare operating budgets
  • Management models of Kotter and Mintzberg
  • Types of adopters
  • How managers can promote productivity
  • Organizational structure, design, and change

Once you have completed a specific lesson, you can test your understanding of that particular topic by answering the questions found in the accompanying practice quiz. You can also take the final chapter exam to make sure that you have understood the these concepts as a whole. Your personal Dashboard can be used to see how much you have learned by completing this chapter.

14 Lessons in Chapter 1: Organizational Management in Business
Test your knowledge with a 30-question chapter practice test
Classical Management Theory (1900-1930): Definition

1. Classical Management Theory (1900-1930): Definition

Classical Management Theory is concerned with finding the best way for workers to perform and manage their tasks. Explore the evolution and expansion of this theory, and the three branches that comprise it.

Management vs. Leadership: The Difference Between a Manager & Leader

2. Management vs. Leadership: The Difference Between a Manager & Leader

Managers and leaders are often taken as the same, but they are different and have their own defining characteristics. Explore the characteristics of each concept, how people become managers and leaders, and what skills each one of them uses.

Management in Organizations: Top, Middle & Low-Level Managers

3. Management in Organizations: Top, Middle & Low-Level Managers

The typical organization has three levels of managers, including top, middle, and lower, who work together to help an organization achieve its goals. Explore each of these levels of management and learn about the functions and roles performed by managers at each level.

Four Functions of Management: Planning, Organizing, Leading & Controlling

4. Four Functions of Management: Planning, Organizing, Leading & Controlling

Every person who holds a management position inside an organization has four main functions that lead to organizational success. Explore the four functions of management, how they help an organization to succeed, and learn about the extra function some might add to the main four.

The Role of Cost Accounting in Management

5. The Role of Cost Accounting in Management

Cost Accounting involves analyzing the intake and output of a company's finances as a managerial tool to improve decision-making. Learn the extensive concepts of finances, and associate formulas that cost accounting uses to make accurate financial determinations.

The Role and Responsibilities of Financial Managers

6. The Role and Responsibilities of Financial Managers

To maximize profits for an organization, companies employ financial management strategies that can be split into three broad categories, including capital budgeting, financing, and dividend policy. Take a closer look at financial management in business and explore the role and responsibilities of financial managers and financial management teams.

What Is an Operating Budget? - Definition & Examples

7. What Is an Operating Budget? - Definition & Examples

Creating a budget helps us plan what bills and expenses need to be paid and gives us excitement when there is some left over to splurge with. In this lesson we will learn about a different kind of budget known as an operating budget.

Managerial Challenges Caused by Organizational Change

8. Managerial Challenges Caused by Organizational Change

When organizational changes take place, challenges might arise and managers need to be prepared to face them. Learn about the reasons and factors that can lead to organizational change, why challenges might arise and how to overcome those challenges.

Types of Internal Organizational Change: Structural, Strategic, People, and Process

9. Types of Internal Organizational Change: Structural, Strategic, People, and Process

Organizational change can occur in response to four types of internal or external factors. Explore changes that occur in a company's internal environment, including structural, strategic, people, and process changes.

Kotter's 8-Step Change Model of Management

10. Kotter's 8-Step Change Model of Management

John Kotter outlined 8 steps for managers to follow when implementing change in an organization. Explore each step of Kotter's 8-step change model of management and identify the model's benefits.

Classes of Adopters: Innovators, Early, Late and Laggards

11. Classes of Adopters: Innovators, Early, Late and Laggards

Consumers must be motivated to adopt a product. Explore the product adoption lifecycle and learn about the classes of consumer adopters, including innovators, early adopters, late adopters, and laggards. Review how marketers use the product adoption lifecycle, and recognize why marketers must understand each class of adopters.

Productivity, Quality, Profitability and the Role of Managers

12. Productivity, Quality, Profitability and the Role of Managers

Managers play a significant role in how productivity and quality affect the profitability of an organization. Learn how to define the terms and discover how they impact each other as well as explore the different levels of management.

Managerial Skills: How Good Managers Promote Productivity

13. Managerial Skills: How Good Managers Promote Productivity

Managerial skills involve technical, human, and conceptual skills that serve managers to effectively do their job and increase their employees' productivity. Learn about each one of these managerial skills and how can managers help their teams using them.

Henry Mintzberg's Managerial Roles

14. Henry Mintzberg's Managerial Roles

Henry Mintzberg studied the behavior of several CEOs and discovered that managers tend to perform up to 10 managerial roles within the organization. Explore what are these 10 roles and what behaviors are associated with them.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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