Reference no: EM132840658

Assignment

Assignment is based on the "Contemporary Approaches" section of Chapter 2 and the environments of a business, explained in Chapter 3. The contemporary approaches to management include: sociotechnical theory, quantitative management, organizational behavior, and systems theory. Regarding environments, an organization has an internal environment, a competitive environment, and a macroenvironment.

Assignment Checklist:

• Explain how the approaches presented are different from one another.

• Define "open systems" and describe the internal, competitive, and macroenvironments of an organization.

• Indicate whether the approaches are relevant in the three environments and why or why not.

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This Assignment specifically addresses the following unit outcomes:

• Distinguish between significant contemporary management theories.

• Describe the business organization as an open system.

• Identify the role of internal and external environmental factors in business.