THURSDAY 6/5

IC212

Uggs article.

Drucker Article.

TODAY:
We discussed Drucker Chapters 5, ,6 7.
From Chapter 5, we discussed that social responsibilities can arise in 2 areas:
1) What an institution does to society.
2) What an institution does for society.
From our discussion, we answered the following questions:
1) What are the positive and negative impacts business can do to/for society?
2) Business should take an active & constructive role in its community? why?
3) What does 21st Century customers expect from business?
4) How can managers motivate employees?

The main points from Chapters 6 & 7 that we discussed were:
-Four business principles:

1) Organization has to be transparent.

2) One person in an organization should have only one master.

3) Authority must be commensurate with responsibility.

4) An organization should be as flat as possible.

-Classification of employees:

1) Theory X: Assumes employees are inherently lazy and will avoid work when possible. Employees show little ambition without incentives.

2) Theory Y: Assumes employees are ambitious, self-motivated, and are anxious to accept greater responsibility.-One does not "manage" people. The task is to lead people. A manager is a leader.

-Maslow's Hierarchy of Needs as it applies to managment:

5) Physiological Needs: Provide lunch breaks, rest breaks, & sufficient wages.

4) Safety Needs: Provide a safe working environment, retirement benefits, & job security.

3) Love & Belonging/Social Needs: Create a sense of community via team-based projects & social events.

2) Esteem Needs: Recognize achievements to make employees feel appreciated & valued.

1) Self-Actualization: Provide employees a challenge & the opportunity to reach their full career potential.

HOMEWORK:
-Research proposal due.
-Read & be ready to discuss Drucker Chapters 8 & 9.
-Notecard for Chapters 8 & 9.
-Quiz #2

STUDY GUIDE:
Chapter 5
-Social Responsibilities can arise in what 2 areas?
-Regarding regulation as a social responsibility, what traditional attitude has management taken?
-What American consumerist, and recurrent Presidential candidate, is mentioned in the chapter as being concerned with legitimate business responsibility?

Chapters 6 & 7
-The 4 business principles that we discussed.
-The difference between Theory X & Theory Y.
-Maslow's Hierarchy of Needs and its application to management.
-What is the specific & distinguishing organ of any & all organizations?
-One does not "manage" people, the task is to ????? people.

Chapters 8 & 9
-What is the Peter Principle?
-What are the 5 steps in making effective promotion & staffing decisions?