MGMT 3000 Lecture Notes - Lecture 1: Corporate Social Responsibility, Stakeholder Management, International Monetary Fund

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Management: the act of working with and through a group of people to accomplish a desired goal or objective in an efficient and effective manner. Leadership: the ability to drive change and innovation through inspiration and motivation. Leaders: set direction, align people, motivate and inspire. leader is an original the leader develops the leader asks what and why. Managers: plan and budget, organize and staff, and control and problem solve. the manager is a copy the manager maintains the manager asks how and when. Management/leadership challenge: apples anti-trust law suit (1. 5 billion dollars) Create a positive culture through language and action. Develop employees" commitment to and ownership of company performance. Middle managers set objectives with top management goals strategies for achieving objectives plan and allocate resources to meet objectives. Monitor + manage subunits + individual managers. First- line managers office manager, shift supervisor train and supervise the performance of non-managerial employees reward employees" performance.

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