Managing in the Twenty First Century - Principles of Management - ثالث ثانوي

1.3 Managing in the Twenty-First Century

LEARNING OBJECTIVES

KEY TERMS

Management is Management?

1.3 Managing in the Twenty-First Century

LO 1.3.1 Changes and Challenges for Managers

Workers

1.3 Managing in the Twenty-First Century

The increase in international tourism is one example of the recent change in Saudi Arabia. Can you think of any other examples?

1.3 Managing in the Twenty-First Century

employ a workforce that is much more educated. Young people con-

Work

1.3 Managing in the Twenty-First Century

Why are many businesses facing competition from around the globe?

This requires workers and managers to choose the appropriate

Competition

1.3 Managing in the Twenty-First Century

Technology

What are the changes and challenges for Saudi managers?

1.3 Managing in the Twenty-First Century

NET KNOWLEDGE

LO 1.3.2 Developing a Management Strategy

1.3 Managing in the Twenty-First Century

Determining the best approach to manage an organization can be

The Business

The Work

The Business Environment

1.3 Managing in the Twenty-First Century

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

1.3 Managing in the Twenty-First Century

Moving into Management

What is a management strategy?

1.3 Managing in the Twenty-First Century

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?