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Module 8 was out last module and it talked about controlling performance and operations. This module was all about control, strategy, tactics, and operational control. These steps are all used to monitor and improve company process. That might be self-evaluations, performance evaluations, setting reasonable goals, or even taking corrective action. Evaluations allow a company to provide feedback, and feedback helps motivate employees.

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Module 7 was about leadership and motivation. In this module we learned the difference between leadership and management, while they are both very similar there are some key differences. Good leadership is often associated with certain personality types, these people are known to be inspiring and outgoing. Leaders can influence their team, be creative, captivating, and have big ideas. The role of management is to help these leaders achieve their big goals. Leaders are often responsible for motivating their teams whether it be intrinsic or extrinsic. Intrinsic means internal motivation like a sense of pride or social status. Extrinsic is about tangible rewards like a bonus or extra time off.

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Managing Human Resources and Communications 

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Managing Human Resources and Communications 

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In module 6 we talked about human resources and communications. Human resources is one of the most important departments within an organization, they have many different responsibilities. These responsibilities include training and development, compensation, safety and health, employee and labor relations, and terminating employment contracts when necessary. Communication is also important in business because it allows the transmission and exchange of information. It’s important to know how to properly communicate so that information is not misinterpreted or lost. Mistakes like that can cost any company a great deal.

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Module 5 discussed the organizational structure and processes. Depending on the company there are different types of organizational structures that can be implemented. Most top organizations utilize the hierarchy of authority, with the CEO at the top and different branches underneath with multiple department heads. Although this may work for most companies, we learned that it is not the only option. You can utilize common purpose, coordinated effort, or even specialization and division of labor. There are many different structures to choose from, so you need to make sure you choose the one best suited to your company.

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Module 4 was all about planning and decision making. These things are imperative to any organization because without them the company has no chance of success. A successful company needs a product, objectives, a mission statement, goals, budgets, policies and procedures, etc. You can’t accomplish any of these things without a plan. Once all these plans are in place you must be able to make final decisions on each step. There are many ways of deciding, so each company has to find the method best suited to them.

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Management Within a Global Organization 

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Management Within a Global Organization 

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In Module 3 we discussed the benefits and risks of taking an organization global. There are many benefits when going global, like increased profit, more job opportunities, lower cost of labor, etc. However, there are also a lot of risks involved. When taking an organization global you must make sure that your company is needed in the country because if it’s not you can easily fail. You must make sure that your company is in line with the country’s laws and regulations, as well as make sure you have the resources available to make whatever product you plan on selling. It is a high risk, high reward situation with many opportunities to succeed but just as many to fail.

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Ethics and Corporate Social Responsibility 

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Ethics and Corporate Social Responsibility 

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Module 2 discussed the importance of corporate social responsibility, ethics, diversity, and culture. These things allow an organization to help their employees, the customers, the environment, and their communities. Diversity allows people of all races, gender, religion, and backgrounds to have gainful employment. Corporate culture helps create a sense of community in an organization and helps boost loyalty. Social responsibility requires the company to invest in charities and spread awareness about the environment by doing things like encouraging recycling

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Module 1 discusses what management is and how it is necessary for an organization to thrive. There are different levels of management, Top-level managers like the CEO, Middle Managers, First-line managers, and Team leads. These people are put in place to give an organization structure by planning, organizing, leading, and controlling.

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First female CEO of a Fortune 500 company. 

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First black women to become CEO of a Fortune 500 company.