Question: What is theory and why does it matter for a potential manager? (e.g. key principles from Why hard-nosed executives should care about management theory) Theories

  1. What is theory and why does it matter for a potential manager? (e.g. key principles from "Why hard-nosed executives should care about management theory")
    1. Theories can help us interpret the present, understandwhat is happening, and predictthe future
  2. What is the relationship between theory, principle, and application?
  3. What does it mean to say that an organization is a "rational" system? A natural system? An open system?
  4. Understand key differences between 3 organizational "lenses" Module 1
  5. What is the differentiation between a shareholder vs. a stakeholder view of the firm?
  6. How can managers infuse their organizations with purpose? (e.g. key principles from "Creating a purpose driven organization")
  7. What role can mission statements play in organizations?
  8. What is corporate governance?
  9. What is the agency problem? How is it overcome?
  10. How can pluralistic ignorance affect boards?
  11. What is a balanced scorecard approach to measuring effectiveness?
  12. What is the difference between efficiency and effectiveness?
  13. What are the basic designs available to organizations? (e.g. functional, divisional, hybrid, matrix, network, etc.)
  14. What are the advantages and disadvantages of these designs?
  15. What is the appropriate context for each of these designs?
  16. What is contingency theory and how does it apply to organizational design?

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