Chap 1. powerpoint - Organization & Management MAN 3025...

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1 1 MAN 3025 MAN 3025 Prof. Prof. Wernick Wernick Chapter 1 - Introduction 2 Learning Objectives Learning Objectives ± Answer the question: What is management? ± Identify the major challenges to managing effectively. ± Explain how recent technological innovations have impacted the global business environment. ± Define the term “entrepreneurial mindset” and explain its importance for managers and organizations. After studying this chapter, you should be able to: 3 Managing Effectively: Three Managing Effectively: Three Critical Challenges Critical Challenges G L O B A I S M T E C H N Y CHANGE CHANGE Management Challenges for the 21 st Century Adapted from Exhibit 1-1: Critical Management Chal enges for the 21st Century
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2 4 Key drivers: ± The PC ± The Internet ± Cell Phones ± Fiber Optics ± Satellites ± Microprocessors 5 The PC The PC – You You ’ve Come A ve Come A Long Way Baby! Circa 1960 Circa 1984 Circa 2008 6 The PC INFAMOUS QUOTES: “There is no reason anyone would want a computer in their home.” Ken Olson, president chairman and founder of Digital Equipment Corp., 1977
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3 7 The Net The Net 8 The Cell Phone The Cell Phone 9 Satellites Satellites
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4 10 Fiber Optic Cable Fiber Optic Cable 11 The Microprocessor The Microprocessor INFAMOUS QUOTES: “But what… is it good for?” Engineer at the Advanced Computing Systems Division of IBM in 1968, commenting on the microchip. 12 Moore Moore ’s Law s Law ± The power of microprocessor technology doubles and its cost of production falls in half every 18 months…
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5 13 Intel Co Intel Co -Founder Gordon Founder Gordon Moore Moore 14 The Falling Cost of Global The Falling Cost of Global Communications Communications ± Between 1930 and 1990, the cost of a 3 minute call between New York and London fell from $244.65 to $3.32. ± Today, thanks to services such as Vonage and Skype (not to mention email and text messaging) it is virtually free ± Can you hear me now ? 15 Flat World? Flat World? ± According to Thomas Friedman, the IT revolution has leveled the global economic playing field, creating new opportunities for “knowledge workers” in places like China, Russia and India. ± In a sense, the world is being flattened!
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6 16 Lego World? Lego World? “Companies are built from Legos: People Legos, Product Legos, Idea Legos, Real Estate Legos and so on. These pieces are constantly being put together, pulled apart and reassembled. In an organization, we can connect individuals' strengths, minimizing their weaknesses. And across organizational boundaries, we can connect strengths of each corporation and provide the customer with far greater value than can any single enterprise. In the retailing arena, Amazon exemplifies the Lego approach; it connects with other vendors that have expertise in making everything from textbooks to toys.” -Elizabeth Haas Edersheim
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Chap 1. powerpoint - Organization & Management MAN 3025...

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