Reference no: EM131488414 , Length: word count:1200

On successful completion of this unit, students will be able to:

• describe key management concepts and principles using contemporary Australian examples;
• discuss the impact of changes in management theory on approaches to managing;
• describe contemporary management functions;
• critique contemporary views on managerial prerogative, and
• evaluate the impact of increasing stakeholder involvement on organisations and their managers

Annotated reading list - required text

Williams, Chuck. & McWilliams, Alan. & Lawrence, Rob. (2017). MGMT3. (3rd ed). South Melbourne, Vic: Cengage Learning

Assessment 2 -

Assignment question:

You have been hired as a consultant by the CEO of a multinational automobile company. The CEO is not looking for a specific answer to her problem but an approach that will help her and her team understand, interpret and look for solutions to their problem. After reading the following scenario, describe the action plans you would provide to the CEO for her to resolve the problem.

Note: you must use academic examples/evidence to support your points. You can use any of the theories or concepts written in the text book.

Scenario for assignment 2:

The CEO of a multinational automobile company has reviewed the recent trends in disruptive innovation that may impact the future of her business. This includes but is not limited to autonomous cars, ridesharing and peer-to peer car sharing services. In addition, the increasing cost of petrol and lack of, or expensive car parking spaces are external issues she needs to consider. She recently received a report, indicating that people may no longer need or want to have own a car. This poses a serious threat to her company and the industry in general. The suggestion is that the car industry, as we know it today, will be obsolete in 20 years. Traditionally, she has only had to contend with direct competitors. Many of her employees including some top and middle managers are unaware that this is an issue and are working business as usual.

Purpose

Students will gain a deeper understanding of one of the important issues facing contemporary managers. It is expected students will critically examine the chosen issue from a variety of viewpoints. Students will be able to apply theory to practice by including actual organisational examples in the discussion.

Learning outcome/s and Graduate Attributes

Completing this assignment will help you achieve the following learning outcome/s and ECU Graduate Attributes:

• Ability to communicate
• Critical appraisal skills
• Cross cultural and international outlook
• Explore standard management concepts and principles and be able to discuss a number of current issues confronting Australian managers
• Appreciate the evolution of management theory and examine several traditional approaches to the study of management
• Undertake a detailed analysis of management functions in order to familiarise the student with current management practice
• Examine a number of contemporary issues which question traditional managerial perspectives and see why organisational leaders are being presented with vast new challenges as the work environment is opened up to scrutiny by a variety of stakeholders
• Use library-based research methods to broaden their understanding of relevant management issues
• Familiarise themselves with actual managerial practices in organisations
• Research and write a business essay, demonstrating an understanding of management theory and how it is applied to the practice of management

Attachment:- Assignment Files.rar