EXPLAIN THE UNIVERSALITY OF MANAGEMENT CONCEPT. DOES IT STILL HOLD T...

3. - DE THI THU DAI HOC MON LY 2010 CO DAP AN 3. - DE THI THU DAI HOC MON LY 2010 CO DAP AN
DE THI THU DAI HOC MON LY 2010 CO DAP AN
3.Explain the universality of management concept. Does it still hold true in today’s world? Why or why not?Management principles are needed for the efficient and effective operation of organizations, regardless of the level of the manager or the industry in which they operate. This is true for today’s organizations now more than ever. The global environment of today ensures that organizations will face staunch competition. Failure and weakness on the part of management ultimately lead to loss of market share and organizational closure. Also, gone are the days when managers could ‘bluff’ their way through their dealings with employees who have become more demanding and aware of their legal rights. (LO: 5, Learning Outcome: Explain the value of studying management, AACSB: Reflective thinking skills)