Principles of Management 5.0

Key Features
Organized around three key themes:
Strategic thinking with explicit focus on determinants of superior organizational performance.
Entrepreneurial thinking that goes beyond a traditional definition of “manager” to encompass strategic innovation and effect necessary change.
Active management as a guiding leadership perspective that emphasizes personal effectiveness and decision-making practices that are relevant to an increasingly competitive job market and constantly shifting business environment.
Emphasizes the “triple bottom line” or the idea that successful economic performance should take into account social and environmental impacts of the firm when evaluating outcomes.
Each chapter is structured around the respected P-O-L-C framework:
Planning—setting objectives and determining courses of action.
Organizing—developing an organizational structure and allocating human resources to achieve objectives.
Leading—inspiring others to act in response to social and informal sources of influence.
Controlling—ensuring consistent behaviors that achieve objectives by creating and enforcing standard processes and procedures.
Rich and useful learning strategies embedded in the book include:
Chapter-Opening Tables describe how the P-O-L-C framework applies to the chapter that follows.
Learning Objectives start each main section to preview the coming discussion and prepare students to learn.
Key Takeaways at the end of every main section to summarize new information while it is still fresh and encourage retention.
Discussion Questions at the end of every main section provide critical thinking opportunities for individual students or topics for group exchanges.
Rich Media Links to online video sources extend the narrative, provide engaging examples, and appeal to student learning preferences.
Case in Point are chapter-ending cases that illustrate concepts discussed in the preceding chapter in real-world contexts.
Case Discussion Questions provide structured opportunities for discussion and analysis of the associated Case in Point. Answer guidelines are provided in the instructor’s manual.