MGT1FOM: KEY THEORIES & CONCEPTS Topic 1: Key Theories & Concepts Tutorial Activity: Moon Explorer • Organisation • Productivity and performance • Management • Organisational effectiveness • Organisational efficiency • Fayol's 4 functions of management - Planning, Leading, Organising, Controlling • How does the level of management impact on the proportion of time spent on managerial functions? • Mintzberg's 3 roles of management – Decisional, Informational, Interpersonal • Katz’s categories of skill – Technical, Human, Conceptual Topic 2: Key Theories & Concepts Video: Galbraith’s Time and Motion Studies; Formula One Pit Stop; The People Factor • Division of Labour • Rationality • Principles of Scientific Management • Principles of Bureaucracy • Fayol’s Principles of Management • Contribution of the Hawthorne Studies (including description of study) • The Humanistic Approach to Management • Theory X and Theory Y view of employees • The Quantitative Approach to Management • Systems Theory • Characteristics of systems (open systems, subsystems) • Contingency views of Management Topic 3: Key Theories & Concepts Case: David Jones • Elements of the general environment, and examples • Elements of the task environment, and examples • Environmental uncertainty • Methods used to adapt to the environment (ie: boundary spanning, forecasting, flexible structures, mergers/joint ventures) • Methods used to influence the environment (advertising, political activities, lobby groups) • Organisational culture (including levels) • Types of cultures • The relationship between culture and performance • Strong versus weak cultures Topic 4: Key Theories & Concepts Video: Working Class Man – national culture clashes Tutorial Activity: Cadbury Schweppes Case • Elements of the international environment, and examples • Importance of trade agreements and alliances • Hofstede’s dimensions of national culture (power distance, uncertainty avoidance, individualism/collectivism, masculinity/femininity) • Ethnocentrism, polycentrism and geocentrism • Market entry strategies (outsourcing, exporting, licencing, franchising), advantages and disadvantages • Direct investment strategies (affiliates/subsidiaries, joint ventures, mergers), advantages and disadvantages • Multinational corporation • Transnational corporation Topic 5: Key Theories & Concepts Video: The Corporation • Types of social performance (economic, legal, ethical, discretionary) • Advantages and disadvantages of each type of social performance • Organisational responses to social demands (proaction, accommodation, defence, obstruction) • Utilitarian view of ethics • Individualist view of ethics • Moral rights view of ethics • Justice view of ethics (inc. distributive, interactional and compensatory justice) • Codes of Ethics in organisations Topic 6: Key Theories & Concepts Video: 12 Angry Men (decision-making models) Tutorial Activity: Who Should Survive? • Programmed and non-programmed decisions • Decision conditions: certainty, risk, uncertainty, ambiguity • Classical model of decision-making (steps, assumptions and outcomes) • Administrative model of decision-making (steps, assumptions and outcomes) • Bounded rationality • Satisficing decision • Political model of decision-making (assumptions and outcomes) • Advantages and disadvantages of group (participative) decision-making • Groupthink Topic 7: Key Theories & Concepts Video: Mission Impossible (Strategic Management Process) Case: Pacific Dunlop (Corporate Level Strategy) Tutorial Activity: Starbucks Case Study • Definition of strategy / strategic management • Strategic Management Process • Competitive advantage & core competency, Synergy • Corporate level strategy (growth, retrenchment, stability, combination) • BCG Matrix • Porter’s 5 forces model • Business level strategy (cost leadership, differentiation, focus) • Functional level strategy • Mission / Mission Statement • Levels of planning: strategic, tactical and operational • Criteria for effective goals • Management by Objectives • Single use plans • Standing plans • Contingency plans • Methods for reducing uncertainty in planning (such as forecasting, boundary spanning, joint venture activities) Topic 8: Key Theories & Concepts Case: Martini Furniture Factory • Organisational Structure • Work specialisation (division of labour) • Chain of command • Authority • Span of Management • Formalisation • Centralisation • Departmentalisation • Functional Structure • Divisional structure • Horizontal Matrix Structure • Team-based Structure • Network Structure • Formal Team • Self-directed team • Characteristics of effective teams • Stages of Team Development • Team cohesiveness • Team norms (norms of behaviour) Topic 9: Key Theories & Concepts Case: Fordism; Ricardo Semler (Maverick); Mary Kay Cosmetics Tutorial Activity: Motivation at the Dry Cleaners (case study) • Needs • Content and process theories of motivation • Maslow’s hierarchy of needs • Herzberg’s two-factor theory • McClelland’s Acquired Needs theory • Alderfer’s ERG theory • Equity theory • Expectancy theory • Reinforcement theory • Job characteristics model • Job simplification • Job rotation • Job enlargement • Job enrichment Topic 10: Key Theories & Concepts Video: Episode of American Chopper Tutorial Activity: LPC questionnaire • Leadership • Sources and bases of power • Personality traits of leaders • The managerial grid • Leadership-Behaviour Continuum • Leadership Dimensions • Fiedler’s Contingency Model of Leadership • Situational Leadership Model (Hersey-Blanchard) • Path-Goal theory • Leader Participation Model • Charismatic leadership theory • Transactional leader • Transformational leader • Elements of effective leadership Topic 11: Key Theories & Concepts • Organisational change • External and internal forces for change • Planned versus unplanned change • Change agents • Lewin's change process • Force-Field analysis • Factors contributing to individual and organisational resistance to change • Techniques for managing resistance • Organisational Development