Each chapter's layout is consistent and created an easy to follow framework. Kinetic by OpenStax offers access to innovative study tools designed to help you maximize your learning potential. The PowerPoints that accompany this textbook have a plain white background with black text and no real template, so they don't look very interesting and they are inconsistent from slide to slide in their look. The summary element at end of each section ( Key Takeaway) is excellent reference for learner. An unattractive industry is one in which the five forces align themselves to produce a purely competitive industry. For example, there is wonderful language related to the "balanced Unions are seen as a punishment for businesses that appear to be unjust (page 529). In our program, it is vital that we offer students a progressive big picture overview of the areas they need to consider in leading and managing others, and Principles of Management is that resource for our students. However, these additional parts are sometimes longer than the main text for that section and seem unnecessarily repetitive. It should be relatively easy to update the information as needed. A variety of images used with a diversity of individuals. My recommendation is to use the book as a basic text and then use other sources such as news articles, cases, and simulations to incorporate the role of current workplace context into the study of management. The flow and layout of the book stayed the same throughout all 16 chapters. The learning objective and summary for each chapter is good. Although once again the objectives are too many to maintain the balance among reading and organization. Attempts are made to include multiple geographies and diversity in the examples of managers and leaders. Finally, sections that would have useful additions to the textbook include how to write a good survey, how to deal with very difficult employees, and how to improve morale, which was referenced superficially but not focused on. The Principles of Management text is very comprehensive in that it covers a wide ranging amount of material. I like that it does not have a bunch of fluff and pictures and graphics as I will use this as a resource. At first, eighteen chapters may appear overwhelming to cover in one semester. Another one of the text strengths is its focus on helping students understand their own behavior. This book is well written and adequately defined. The text appears to be consistent in its formatting, framework and use of terminology. While the book is generally consistent overall, it book sometimes strays from a discussion of the "principles" of management and does not adopt a consistent idea of what kinds of businesses are being talked about. The Principles of Management heavily relies of the POLC method of Planning, Organizing, Leading, and Controlling. Offered pre-made quiz and exam options vs. downloading a Word document with all the quiz questions and 2. Management basics were covered very well. A win-win! This textbook is rich in content. I love the "chunks" and short chapter sections in this textbook! But his one is good enough for a free material. Porter first became interested in competition due to his enthusiasm competing in youth sports (baseball, football, and basketball). There should be a chapter devoted to the 4 functions of management (planning, leading, organizing & controlling) versus just one chapter covering all four primary functions of management so that is why I have ranked it a 3. In fact, each chapter links back to P-O-L-C very well. Reviewed by Jose-Luis (Joe) Iglesias, Assistant professor of Management, USC-Beaufort on 8/25/20, I believe that the examples and cases are appropriate to demonstrate the applicability of management concepts. I was involved with modifying an existing course to utilizes Open Education Resources in our introduction to Management Supervisory course. The textbook's writing style is understandable, durable, and straightforward. The clear format of this textbook makes it easy for me to assign sections and for students to find the sections. Navigation was effortless and I did not encounter any display errors. Key Terms Non-profits are discussed on a single page in the context of internal controls. I thoroughly read most chapters and carefully scanned the others; accuracy across words, figures, and exhibits appears to be strong. They also contain WAY too much text, often including full paragraphs. The concepts included are presented accurately. The alignment of the learning outcomes to the subsequent text is clear as the reader progresses through the chapter(s). It has a very fresh feel to it as I sampled each chapter and the boxed features are particularly relevant and useful teaching tools. This reviewer did not notice any offensive or insensitive material. The prose was a straightforward expository style, although at times it could have been more concise. Critical Thinking Case. View 01-Openstax-PrinciplesOfManagement-ch15-ManagingTeams.pdf from AFM 123 at University of Waterloo. Glossary of key terms is embedded within each chapter and could perhaps be broken out in a separate chapter section (end of chapter?) I could not find any glaring grammatical errors. Our professional adult students need a resource that they are able to connect with and apply directly to their professional lives. The chapters are well organized, similar to many introductory Management textbook. The consistency of this book is very good. The Principles of Management text is very comprehensive in that it covers a wide ranging amount of material. I have adopted this book for my core management course, and I plan to continue to use it. This book uses the This is much more straight forward, top to bottom, and left to right. Much of the textbook is made up of summaries of different concepts and models connected to management, with an emphasis on contemporary writers and psychosocial theories. Arroyo knew he had a hard act to follow. After each of the chapter concepts are covered, the chapter concludes with the following: They should just have bullet points and save the "extra content" as lecture notes outside of the presentation slides. The OpenStax version of Principles of Management addresses a range of areas that managers in a variety of settings and industry are likely to face. that also break up the reading. Yes, very logical and easy to read as mentioned before. It also introduces the concepts of unconscious bias early in the text. Further, you feel their commitment to diversity when you read their six-page Diversity and Representation Guidelines, which details their commitment to improving representation and diversity in OER materials. Alternatively, if OpenStax created similar software tools then I could also make the change. I have been confused at times when a figure title falls on the previous page of the actual figure, yet the chapter subheading is at the top of the figure. Through his use of industrial-organizational economics and his training in the case method, Porter bridged the gap between theoretical frameworks and the reality of the competitive business world and became one of the most important thinkers on business in the world. I really like how this book is laid out. The Entrepreneurial Manager While the "General Management" course at Harvard Business School was historically one of its most popular and impactful courses (pioneered in the 1960s by Joe Bower), recent Harvard MBAs did not see themselves as "general managers." Huang has managed growth by obtaining the resources necessary to serve more customers. These products compete on price, differentiation, focus, or a combination of these. read more. The text has been divided in chapters and sub-sections each with its own hyperlink that makes it easy to move from one section to the next. The order appears logical and purposeful to keep students engaged. The chapters are configured nicely with sections of foundational content, business and industry examples (stories), Concept Checks, exhibits, tables, and end-of-chapter reviews and activities. In future revisions, I suggest taking this area to another level in helping readers to manage an innovative and diverse workplace to a greater level by being aware of cultural bias and learning through differences. Consistently starts each new section on new page, which allows for ease of sub-dividing the material. True to the nature of OER, I was searching for material on managerial decision-making and I primarily focused on Chapters 1 - 3 of this textbook (with special attention to Chapter 2). I have found this textbook to be clear and accurate. There are no consistency issues that I found throughout the reading of this book. In the introduction to Principles of Management, the authors state that there are three themes in the book: strategic thinking, entrepreneurial thinking, and active management. The content is accurate and error-free. 3. Summary of Learning Outcomes Student gets to see what they will learn and how they can apply it, then each section is broken down to address the learning objectives. Content is mostly up-to-date and therefore, I am not too concerned about the lack of editions that such a format does not offer. read more. 6 Chapter 1 Managing and Performing conversations, according to Eccles and Nohria, are the means by which managers gather information, stay on top of things, identify problems, negotiate shared meanings, develop plans, put things in motion, give orders, assert authority, develop relationships, and spread gossip. 17. The information is organized very well in each chapter. Had the book been clearer on how the different topics connected to different types of organizations, it would have been clearer which topics were relevant to specific readers or situations. Key Terms The company has grown from $8 million in revenue to more than $100 million in just three years. This is a great final product. What is the difference between a firms vision and its mission? Each chapters flow and appearance are similar to that in each of the other chapters. In this edition, there is a reference to and picture of Condoleeza Rice but no mention of Obama, for instance. This text offers guided lecture notes and PowerPoints as well as a test bank in Word format. Managerial Decision-Making 3. The books concepts will keep for a while, when it comes to management theories there are always more being presented (fades) and there are those that keep the core concepts. The Boxed brand is also enhanced by reports of the benefits Huang offers employees. Not sure if its a browser/printer issue, but some of the images were inordinately small (ex: figure 2.11, p. 63). Porter was born in 1947 and graduated from Princeton in 1969 with a degree in aerospace and mechanical engineering. Understanding how management came to be helps us to understand its principles in a richer, more thorough context and to understand how each concept we discuss is based on evidence produced by a wide range of scholars over many years in the fields of engineering, economics, psychology, sociology, and anthropology. Given that this is an introductory textbook, it would have been better to have an annotated "Further Reading" section that could lead readers to important writings and videos that expend on the different modules. The first edition of Principles of Economics by OpenStax is available . The interface appeared clear and functioned well. web pages The objectives could be re-organized and assigned independently to meet the needs of a typical MGT 101 course without any disruption. This open text covers all pertinent areas related to principles of management. It is intuitive and as current as it can be. A Key term summary at the end of each section or chapter would add to its usefulness. Reviewed by Mindy Bean, Faculty, Linn-Benton Community College on 6/20/17, The Principles of Management heavily relies of the POLC method of Planning, Organizing, Leading, and Controlling. I did not detect any bias on the part of the authors, and in fact appreciated the wide array of business examples used to support their concepts. While it is focused on business, the information in this text are appropriate to healthcare managers and people new to management. I find this helpful and I don't always assign the whole chapter as reading for one class. Added to this that the pictures and list of references are not that relevant, and the book appears to be laid out very inefficiently. The Strategic Management Process: Achieving and Sustaining Competitive Advantage Much of the content is foundational and timeless. London: Pitman Publishing company), and suits the needs of both undergraduate and graduate course in Principles of Management. Managing Change There were no examples of cultural insensitivity. He went on to receive his MBA from Harvard Business School in 1971 and his PhD in business economics from Harvard University in 1973. 1. How and why do managers evaluate the effectiveness of strategic plans? I like these three in-text examples of how to apply each chapter's concepts very much: It read well and seemed to be quite accurate in terms of the theories/concepts and their applications. Depending on where a firm is positioned within the market, the marketplace will determine what strategy it can take. I have also experienced students' questions on this as well when they are being asked to assess a certain figure in the reading material and want to be sure they have the correct figure. I have been a business owner for 30 years and taught business management for the last 12 years. The lines are a bit faint but the overall impact is very clear. part of this textbook, then you must retain in every digital format page view (including but not limited to EPUB, PDF, and HTML) and on every . Our mission is to improve educational access and learning for everyone. This sets the tone for the book and might send a signal to my students who are mostly students of color. The concepts and applications are on par with what is being taught. How did Elton Mayo influence management theory, and how did the human relations movement affect current management theory? The choice of examples is sometimes not clear. The text covers the basics that other Principles of Management texts do. At best, the book points to some of the problems that could be faced. Management Skills Application Exercises Strategic All business school teachings have some orientation toward performance and strategy and are concerned with making choices that lead to high performance. The Lords of Strategy: The Secret Intellectual History of the New Corporate World. 10. I love the way it is laid out. There is no specific index or glossary, however the entire text is searchable in the e-book and definitions are provided. Very easy to navigate. The actually order of the book chapters, however, did not seem to fit a traditional model. Finally, unions are mentioned a few times in a long list of stakeholders (pages 150 and 151), even though the sample table for tracking stakeholders (page 148) does not mention them. If and when updates are needed, I am fairly certain that these can be done in a relatively easy and straightforward manner. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management and strategic . How did the Italian Renaissance affect the progression of management theory? Given how short the different sections are and the way that the layout is organized, there is likely 100 pages worth of unnecessary white space in the text, which turns a 500-odd page book into over 600 pages. They are offered in the rough order found in many principles texts. I look forward to saving my students money by using this text. I pulled the book up on three different forms and systems. The table of contents, chapter index, are helpful. Reviewed by Valerie Wallingford, Professor, Bemidji State University on 6/19/18, There should be a chapter devoted to the 4 functions of management (planning, leading, organizing & controlling) versus just one chapter covering all four primary functions of management so that is why I have ranked it a 3. For example, there is wonderful language related to the "balanced scorecard" included in this text. Moreover, the chapter content identified its course learning outcomes at the outset and circled back around to drive home key issues in corresponding chapter summaries. How has Huang achieved this success? His ideas became popular because business leaders wanted to know how their companies could compete. Obama only occurs as a marginal participant in a group shot of world leaders. OpenStax is part of Rice University, which is a 501(c)(3) nonprofit. I am proud of the way the text presents itself to our professional adult undergrad students. I would recommend the book, with some updates periodically to the case studies. read more. I have used a different OER textbook for Intro to Business courses and the format is similar. The concepts are presented in a way that is easy to comprehend and encourages application. His current business venture, Boxed, ships warehouse-club type products directly to customers homes. The one area for development is to make sure it is clear when it is a chapter subheading and when it is a figure subheading. principles-of-management-14.7.pdf: Feb 2, 2021: 47.9 MB I did not encounter any biased or inaccurate information in the textbook. At the same time, please keep the book up to date with considering a future revision in 2 to 5 years so that the information, examples and cases remain current. One of the text read more. Understanding Michael Porter: The Essential Guide to Competition and Strategy. "Most Influential Management Books of the 20th Century" (PDF). The concepts, theories and general knowledge delivered in this book as exactly what one would expect to find in a good Principles of Management book. Principles of Management is designed to meet the scope and sequence requirements of the introductory course on management. Particularly, illustrations covered organizations such as Amazon, McDonald's, Hasbro, and Uber. I believe this will lead to students exploring for answers and different options as they read the textbook. I'd appreciate clearing this up in the next version to avoid confusion. This course was relabeled "The Entrepreneurial Manager" in 2006, and has regained its title as one of the most popular courses. Chapter 2 in this text focuses on the individual student and includes substantial self-assessment; this is exactly how I teach my current Management Fundamentals course as I believe effective managers need to be aware of how they communicate with others before they can implement management tools and strategies. Each segment lends itself easily to the learning process for the reader. I believe that the diversity of examples and in the pictures represents a good example of inclusion. Probably its best feature is the vocabularies section at the end of every chapter. If OpenStax: 1. There were no obvious inaccuracies in the summaries of the concepts and thinkers, although some sections could be criticized as limited, vague, superficial, or uncritical. The first photo is very white. There are others that are useful around sustainability and entrepreneurship but I would not use all of them. He acknowledged that todays selling environment is focused on value, convenience, and brand,3 and said that when companies sell at similar low prices and offer similar delivery services, the only real differentiator left is brand. The shift between institutional management and personal management is a bit strained at times, making it unclear whether the focus of the book is management or the personal growth of the manager. The PDF is usable only with the use of the built in table of contents (no clickable links to chapters in the PDF). This book is written in a way that the concepts are covered thoroughly without being verbose or difficult to understand. When I facilitate a class using an OER, I like to have the entire textbook available in the very first module of my course in addition to having each assigned chapter available for access directly within the module that includes that specific chapter. The structure of the chapters is arranged nicely around the learning outcomes (formatted as questions at the beginning of each chapter). Source title: Principles of Management by OpenStax (hardcover version, full color) The Physical Object Format hardcover Number of pages 664 ID Numbers Open Library OL29546649M ISBN 10 0998625760 ISBN 13 9780998625768 OpenStax principles-management Lists containing this Book Loading Related Books History Created August 27, 2020 3 revisions I did not see any insensitive or offensive material. There should be a chapter devoted to the 4 functions of management (planning, leading, organizing & controlling) versus just one chapter covering all four primary functions of management so that is why I have ranked it a 3. The book has a 2019 publication date so the content is recent enough to be relevant. 18. What aspects of management are relevant in the modern workplace (e.g., traditional organizational designs) or how new developments such as the gig economy can be understood using the management lens can easily be taught with a few additional resources that bolster this open source book material. As I compare the chapters it has all the topics that I teach in my Principles of At first, eighteen chapters may appear overwhelming to cover in one semester. The text was culturally appropriate with no biases. This five forces, three strategies framework explains how McDonalds, Mortons Steakhouse, Subway, Wendys, and TGIF can all be in the same industry and still be profitable. (Shared Value Initiative/ flickr/ Attribution 2.0 Generic (CC BY 2.0)), https://openstax.org/books/principles-management/pages/1-introduction, https://openstax.org/books/principles-management/pages/3-introduction, Creative Commons Attribution 4.0 International License. As note, however, this is something that could easily be addressed through classwork. Along that line, it seemed that the text could function as the main text in a management course or as a supplementary resource as well. I appreciated the learning outcomes written as questions. The entrepreneurial theme is not as prevalent as their introduction I specially appreciate the links for research and other sources from which the text draws support. Management concepts do not change much over time, but how they are implemented and communicated do and I feel this addresses that need for change. The terms and assorted exercises at the end of each The references are quite dated, however, with the bulk of the most recent references being from 2008. Likewise, academic writers and many historical thinkers, such as Max Weber, are not mentioned at all. Leadership (maps to Chapter 12) I really like this textbook! I look forward to incorporating this textbook into my class. As a result, there was little logical or conceptual analysis and the book relied on exposition. Very effective! To the reader, this approach can be perceived as being presented with a stream of facts, one after the other, with little attempt at anchoring the concepts to applications. Diversity in Organizations (maps to Chapter 11) consent of Rice University. Ethics, Corporate Responsibility, and Sustainability 6. International Management 7. What are strategic objectives, levels of strategy, and a grand strategy? Presently, I am using most of the book in my professional adult undergraduate business management course. This text has a modern approach and due to the ethical discussions in each chapter does a nice job of helping students to critically examine today's examplar companies (like Uber) who also have had several management problems. Students often come having different knowledge on various topics. I feel the examples are a little dated, but that is something that could easily be augmented through classroom. Ethics, Corporate Responsibility, and Sustainability, 8. After reading this chapter, you should be able to answer these questions: Michael Porter is the Bishop William Lawrence University Professor at Harvard Business School and one of the foremost scholars and consultants in business strategy. The authors are clear in the beginning that they focus performance on the triple bottom line - financial, social, and environmental - and appear faithful in maintaining this approach throughout. The content of this book is organized around management concepts and principles that will not quickly go out of date. 1. This book's modular format easily maps to a POLC (Planning, Organizing, Leading, and Controlling) course organization, which was created by Henri Fayol (General and industrial management (1949). financial-management-principles-and-practice-6th-edition 4/8 Downloaded from odl.it.utsa.edu on November 3, 2022 by guest . In the introduction to Principles of Management, the authors state that there are three themes in the book: strategic thinking, entrepreneurial thinking, and active management. and you must attribute OpenStax. Like most Principles of Management textbooks, this book has a wide breadth of topics that are covered that are relevant to the subject area. Consistent with a principles course, it does not go into great depth in most areas, as those deeper dives are saved for more advanced courses. I tried it on both a laptop as well as on my iPhone. For millennials, a companys values have become part of its value, and if the price and convenience offered by Boxed match other sellers, Boxeds values may be their best asset in attracting customers. I believe that the examples and cases are appropriate to demonstrate the applicability of management concepts. Clearly based in a American capitalist approach to knowledge, this book is on par with most American textbooks in this area. The History of Management 4. There are no obvious errors in examples used to illustrate principles. I see consistency throughout the chapters in flow and tone, which is not always true when there are multiple authors. Reviewed by Debby Thomas, Assistant Professor of Management, George Fox University on 2/1/18, The text covers the basics that other Principles of Management texts do. The two developments that transformed management were the revolutions in how and where goods were sold and the Industrial Revolution.
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