LEARNING OBJECTIVES
KEY TERMS
Management is Management?
LO 1.3.1 Changes and Challenges for Managers
Workers
The increase in international tourism is one example of the recent change in Saudi Arabia. Can you think of any other examples?
employ a workforce that is much more educated. Young people con-
Work
Why are many businesses facing competition from around the globe?
This requires workers and managers to choose the appropriate
Competition
Technology
What are the changes and challenges for Saudi managers?
NET KNOWLEDGE
LO 1.3.2 Developing a Management Strategy
Determining the best approach to manage an organization can be
The Business
The Work
The Business Environment
Managers perform a wide variety of activities. What aspects of management do you think you would and would not like?
offer unique products and services is much less competitive. An effective
The Management
Moving into Management
What is a management strategy?
Which of the following is not one of the key issues within the business environment that an effective management strategy must be able to effectively respond to?
The rivalry among companies for customers is known as
What are several ways that managers’ jobs will be different as a result of the fast pace of change they will be facing in the future?
Why should an organization develop a management strategy rather than allow each manager to do what he or she chooses?