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General Management

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Strategic Management

Part of the book series: Classroom Companion: Business ((CCB))

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Abstract

This chapter provides an overview of management as a function and as a field of study. It seeks to develop a critical understanding of management theory and practice. Management considers the interrelationships and interactions between distinct parts of an organization and between the organization and its environment, exploring management change across time contexts. Concepts such as power, culture, and reward, which are crucial to the management of organizational resources and the production of goods and services, are introduced and critically assessed.

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Notes

  1. 1.

    Stakeholder theory holds that company leaders must understand and account for all of their company’s stakeholders—the constituencies that impact its operations and are impacted by its operations. Stakeholders include employees, shareholders, customers, suppliers, creditors, the government, and society at large.

  2. 2.

    McKinsey, founded in 1926 is a global management consulting firm committed to helping organizations accelerate sustainable and inclusive growth. We work with clients across the private, public, and social sectors to solve complex problems and create positive change for all their stakeholders.

  3. 3.

    See 7 https://nesslabs.com/efficacy-effectiveness-efficiency, accessed on December 27, 2022.

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Authors and Affiliations

  1. Institute of Studies for Coopetitiviness (INSEC), São Paulo, SP, Brasil

    Arão Sapiro

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  1. Arão Sapiro
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Correspondence to Arão Sapiro .

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© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG

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Sapiro, A. (2024). General Management. In: Strategic Management. Classroom Companion: Business. Springer, Cham. https://doi.org/10.1007/978-3-031-55669-2_3

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