Professional Documents
Culture Documents
MGMT 339
Chapter B4
Chapter B16
Learning Objectives
• Summarize major challenges of managing in the new
competitive landscape
• Describe the drivers of competitive advantage for a
company
• Explain how the functions of management are evolving
in today’s environment
• Compare how the nature of management varies at
different levels of an organization
• Define the skills you need to be an effective manager
• Understand the principles that will help you manage
your career
Surprising numbers
• In 2019, number of newly-established
enterprises: 138,100 with the capital of 1.73
quadrillion VND ($74.2 billion)
Globalization Technological
Change
Knowledge Collaboration
Management across
Boundaries
Globalization
• Strong demand for • Strong demand for
products/services from all talent (Global talent
over the world pool)
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Technological Change
• The Internet’s impact on globalization
– Increased speed of communication
– The Internet as a marketplace
8
Technology-Driven Workplace
Types of E-Commerce
Business-to-Consumer (B2C )
Selling Products and
Services Online, e.g. Amazon
Consumer-to-Consumer (C2C )
Business-to-Business (B2B ) Electronic Markets
Transactions Between Created by Web-Based
Organizations, e.g. Ford, Dell Intermediaries, e.g. eBay
Exhibit 2.8, p. 63
9
Knowledge Management
• Growing need for good, new ideas generates
demand for knowledge workers
• Challenges…
– Managers cannot simply measure output of
knowledge workers
– Managers should provide knowledge workers with
interesting work to increase motivation
– Eg: Google, FPT
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Collaboration across Boundaries
• People in different parts of the organization
must collaborate with one another; often
times, across the globe.
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Managing for Competitive Advantage
Key Concept Definition
Innovation The introduction of new goods and
services
• Effectiveness
– Achieving organizational goals
Leading
Use influence to
motivate employees
24
Performing all Four Functions of
Management
34
Managing in Small Businesses and Nonprofit
Organizations
• Small businesses
– Role Differences
• Higher spokesperson & entrepreneur role
• Lower leader & info-processing role
• Non-profit Org.
– Role Differences: Higher spokesperson, leader & resource allocator
– Source of Financial Resources
meeting donors interest
– Unconventional Bottom line
Not by dollars and cents What constitutes RESULTS
& EFFECTIVENESS?
35
You and Your Career
• Emotional intelligence
– Understanding yourself:
• Realizing your strengths and limitations
– Managing yourself
– Dealing effectively with others
Managing Yourself
• Dealing with your emotions
• Exercising self-control
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Dealing Effectively with Others
• Listening
• Showing empathy
• Motivating
• Leading
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You and Your Career
You and Your Career
Tips for Success
Be both a specialist and a generalist