Principles of Management

Unit 1 – Managing and Performing

Unit 2 – Managerial Decision–Making

Unit 3 – The History of Management

Unit 4 – Organizational Environments & Culture

Unit 5 – Ethics and Corporate Responsibility

Unit 6 – International Management

Unit 7 – Entrepreneurship

Unit 8 – Strategic Analysis: Firm's Competitive Environment

Unit 9 – Strategic Management: Competitive Advantage

Unit 10 – Organizational Structure & Change

Unit 11 – Human Resource Management

Unit 12 – Diversity in Organizations

Unit 13 – Leadership

Unit 14 – Work Motivation for Performance

Unit 15 – Managing Teams

Unit 16 – Managerial Communication

Unit 17 – Organizational Planning & Control

Unit 18 – Technology & Innovation Management

## What do you learn in Principles of Management

Principles of Management covers the fundamentals of running a business effectively. You'll learn about planning, organizing, leading, and controlling within organizations. The course dives into decision-making, goal-setting, organizational structures, leadership styles, and performance evaluation. It also touches on motivation theories, team dynamics, and communication strategies in the workplace.

## Is Principles of Management hard?

Honestly, it's not the toughest class out there. The concepts are pretty straightforward, but there's a lot to remember. You'll need to wrap your head around various theories and models, which can be a bit dry. The real challenge is applying these concepts to real-world scenarios. Group projects and case studies can be time-consuming, but they help make the material more relatable and easier to grasp.

## Tips for taking Principles of Management in college

1. Use [Fiveable Study Guides](https://fiveable.me/cram-mode) to help you cram 🌶️
2. Create mind maps for different management theories (like Maslow's Hierarchy of Needs or McGregor's Theory X and Y)
3. Stay updated on current business news and try to connect it to class concepts
4. Practice applying management principles to real-life scenarios or case studies
5. Form study groups to discuss and debate different management approaches
6. Watch "The Office" or "Silicon Valley" to see management concepts (good and bad) in action
7. Read "Good to Great" by Jim Collins for real-world examples of effective management

## Common pre-requisites for Principles of Management

1. Introduction to Business: This course provides an overview of business fundamentals, including basic concepts in economics, marketing, and finance. It sets the foundation for understanding how businesses operate.

2. Business Communication: This class focuses on developing effective written and oral communication skills in a business context. It covers everything from writing professional emails to giving presentations.

## Classes similar to Principles of Management

1. Organizational Behavior: This course delves deeper into human behavior within organizations, exploring topics like motivation, group dynamics, and organizational culture.

2. Human Resource Management: Here, you'll learn about managing people in organizations, including recruitment, training, performance evaluation, and employee relations.

3. Strategic Management: This class focuses on long-term planning and decision-making at the top levels of an organization. It often involves analyzing case studies of real companies.

4. Leadership and Ethics: This course explores different leadership styles and the ethical considerations managers face in the business world.

## Majors related to Principles of Management

1. Business Administration: Covers a broad range of business topics, including management, finance, marketing, and operations. Students learn to oversee various aspects of running a business.

2. Management: Focuses specifically on the skills needed to lead and manage people and organizations effectively. Students learn about organizational behavior, strategic planning, and leadership.

3. Entrepreneurship: Teaches students how to start and run their own businesses. Covers topics like opportunity recognition, business planning, and venture capital.

4. International Business: Focuses on global business operations and management across different cultures. Students learn about international trade, global marketing, and cross-cultural management.

## What can you do with a degree in Principles of Management?

1. Business Manager: Oversees the operations of a company or department. Responsible for setting goals, managing teams, and ensuring overall efficiency and profitability.

2. Human Resources Manager: Handles the people side of a business. Responsible for recruiting, hiring, training, and addressing employee concerns and conflicts.

3. Management Consultant: Advises businesses on how to improve their performance. Analyzes organizational problems and develops solutions to help companies become more efficient and profitable.

4. Entrepreneur: Starts and runs their own business. Applies management principles to develop business plans, secure funding, and oversee all aspects of the company's operations.

## Principles of Management FAQs

1. How much math is involved in Principles of Management? There's not a ton of heavy math, but you'll need to be comfortable with basic statistics and financial calculations. You might work with budgets, profit margins, and performance metrics.

2. Can I take this class online? Many colleges offer Principles of Management as an online course. Just be prepared for lots of discussion board posts and maybe some virtual group projects.

3. Will this class help me if I want to start my own business? Absolutely! The principles you learn here are super useful for entrepreneurs. You'll get a solid foundation in how to plan, organize, and lead a business effectively.

Business Management

1.1 What Do Managers Do?

1.2 The Roles Managers Play

1.3 Major Characteristics of the Manager's Job

2.1 Overview of Managerial Decision-Making

2.2 How the Brain Processes Information to Make Decisions: Reflective and Reactive Systems

2.5 Improving the Quality of Decision-Making

2.6 Group Decision-Making

2.3 Programmed and Nonprogrammed Decisions

2.4 Barriers to Effective Decision-Making

3.2 The Italian Renaissance

3.3 The Industrial Revolution

3.1 The Early Origins of Management

3.4 Taylor-Made Management

3.5 Administrative and Bureaucratic Management

3.6 Human Relations Movement

3.7 Contingency and System Management

4.2 External Environments and Industries

4.3 Organizational Designs and Structures

4.1 The Organization's External Environment

4.4 The Internal Organization and External Environments

4.5 Corporate Cultures

4.6 Organizing for Change in the 21st Century

5.4 Leadership: Ethics at the Organizational Level

5.1 Ethics and Business Ethics Defined

5.2 Dimensions of Ethics: The Individual Level

5.3 Ethical Principles and Responsible Decision-Making

5.5 Ethics, Corporate Culture, and Compliance

5.7 Ethics around the Globe

5.8 Emerging Trends in Ethics, CSR, and Compliance

5.6 Corporate Social Responsibility (CSR)

6.1 Importance of International Management

6.2 Hofstede's Cultural Framework

6.6 Strategies for Expanding Globally

6.3 The GLOBE Framework

6.4 Cultural Stereotyping and Social Institutions

6.5 Cross-Cultural Assignments

6.7 The Necessity of Global Markets

7.1 Entrepreneurship

7.2 Characteristics of Successful Entrepreneurs

7.4 Start Your Own Business

7.3 Small Business

7.5 Managing a Small Business

7.6 The Large Impact of Small Business

7.7 The Small Business Administration

7.8 Trends in Entrepreneurship and Small-Business Ownership

8.2 Using SWOT for Strategic Analysis

8.1 Gaining Advantages by Understanding the Competitive Environment

8.3 A Firm's External Macro Environment: PESTEL

8.6 Competition, Strategy, and Competitive Advantage

8.4 A Firm's Micro Environment: Porter's Five Forces

8.5 The Internal Environment

8.7 Strategic Positioning

9.5 Planning Firm Actions to Implement Strategies

9.1 Strategic Management

9.2 Firm Vision and Mission

9.3 The Role of Strategic Analysis in Formulating a Strategy

9.4 Strategic Objectives and Levels of Strategy

9.6 Measuring and Evaluating Strategic Performance

10.2 Organizational Change

10.3 Managing Change

10.1 Organizational Structures and Design

11.1 An Introduction to Human Resource Management

11.2 Human Resource Management and Compliance

11.6 Talent Development and Succession Planning

11.3 Performance Management

11.4 Influencing Employee Performance and Motivation

11.5 Building an Organization for the Future

12.1 An Introduction to Workplace Diversity

12.2 Diversity and the Workforce

12.4 Challenges of Diversity

12.3 Diversity and Its Impact on Companies

12.5 Key Diversity Theories

12.6 Benefits and Challenges of Workplace Diversity

12.7 Recommendations for Managing Diversity

13.1 The Nature of Leadership

13.2 The Leadership Process

13.3 Leader Emergence

13.4 The Trait Approach to Leadership

13.5 Behavioral Approaches to Leadership

13.7 Substitutes for and Neutralizers of Leadership

13.6 Situational (Contingency) Approaches to Leadership

13.8 Transformational, Visionary, and Charismatic Leadership

13.9 Leadership Needs in the 21st Century

14.2 Content Theories of Motivation

14.1 Motivation: Direction and Intensity

14.3 Process Theories of Motivation

14.4 Recent Research on Motivation Theories

15.1 Teamwork in the Workplace

15.2 Team Development Over Time

15.4 Opportunities and Challenges to Team Building

15.6 Multicultural Teams

15.3 Things to Consider When Managing Teams

15.5 Team Diversity

16.1 The Process of Managerial Communication

16.3 Factors Affecting Communications and the Roles of Managers

16.4 Managerial Communication and Corporate Reputation

16.5 The Major Channels of Management Communication Are Talking, Listening, Reading, and Writing

16.2 Types of Communications in Organizations

17.1 Is Planning Important

17.3 Types of Plans

17.6 Employees' Responses to Planning

17.8 The Control- and Involvement-Oriented Approaches to Planning and Controlling

Browse all Principles of Management Key Terms

About Us

Resources

Stay Connected

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.

About Us

Resources

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.

Back

Next