IQT 3

IQT3 pdf revision notes download

Covers

1. Arithmatic Mean
2. Mode
3. Medean
4. Dispersion
5. Range
6. Variance
7. Standard Deviation
8. Mean Absolute Deviation
9. Semi-interquartile range

IQT 2

IQT2 pdf revision notes download

Covers

1. Diagrams
2. Summary Measures
3. Measures of Central Tendency

IQT 1

IQT1 pdf revision notes download

Covers:

1. Presenting and Summarising data
2. Index Numbers
3. Times and Money
4. Models for Inventory Control

The Business Environment

What is Management

• A Universal set of principles?
• Suitable for all organisations?
• To whom are managers accountable?
• Science or art?
• Are we able to explain, predict and control all managerial activities?
• Can management be taught?

Competitive Environment

-          Porter’s 5 forces

General Environment

-          International

• Global competition

-          Technoloical

• Scientific & Technological

-          Socio-cultured

• Demographic norms, customs & values
• National culture

-          Economic

• Economic health
• Merger and aquisitiion activity

-          Local & political

• Regulation
• Government policy
• Pressure groups

PESTEL

Political, economic, social, technical, environmental, legal/

Internal Environment

-          Culture (“the way we do things around here”)

• Practices – visible elements
• Beliefs – assumptions about what works, how things happen
• Values – deeply held ideas about right/wrong, fair/unfair
• Customs – modes or norms of behaviour – based on values and beliefs

Why is culture important

-          Schein (1992)

-          Formal goals, rules and roles are insufficient for effective operation

-          Culture acts as a guide to attitudes and behaviour

• How employees see the world
• How employees act

-          Levels of culture

• Surface knowledge
• Below-the-surface ‘basic assumptions’

Why is culture so important?

• Shortcomings of individual and collective information processing abilities
• Schein (1992) Culture simplifies and clarifies
  • Helps solve problems of survival in and adaptation to the external environment
  • Helps to integrate organisation’s internal processes

Types of organisational culture

Factors of Production

06/10/2009

The factors of production are 4 different factors that must be evident in any productive organisation. These are:

Land, Labour, Capital, Enterprise

Economic Models

• The economy is extremely complex
• In order to understand it, ecoonmists use models
• Models use simplifying assumtions
• A good set of assuptions captures important aspects of the economy
• A bad set of assumptions can produce misleading results
• Models are tested against data
• Limited scope for experiments
• The economy changes over time

Often used assumptions

• Economists often assume in their modfels that people are rational
  • People make the best choice of action in any scenario
  • So a model that solves for the best choice of action predicts behaviour if people are rational

Production Possibility Frontire

The PPF shows the maximum amount of goods that can be produced by an economy with a given amount of resources.

Introduction to Economics

What is Economics

06/10/2009

The study of the distribution of scarce resources
Infinate wants – finite resources
Economics seeks to understand who for, how and why goods are produced.

Economic Structures

Planned economies are coordinated centrally
Free market economies are coordinated by the price mechanism
Mixed economies are a mix of the two

In a price mechanism coordinated economy, if there is a shortage of a good, price increases, and so so does supply. If there is an excess in supply, price decreases and so does supply.

Introduction to Finance

Finance Introduction

06/10/2009

Collect pink folder from HUMSS 87

Finance module comprises of 4 assignments, 10% each.
4 Multiple choice tests
1 Numeric test
1 report

See blackboard and courses page for more info

Introduction to Management

06/10/2009

Per Module, the work load should be about 1.5 hours a week of lecture and tutorial time, and 9 hours total work time. 5 modules means a 54 hour week.

When reading books, notice references. Make notes  of these for future reference.

Mark Makeup

This term’s essay counts for 5% of this years mark.
Next term’s essay counts for 15% of tis years mark.
The exam counts for 80% of this years mark.
Exam pass mark is 40%.

Worksheets and reading lists are on blackboard.

Textbooks

Boddy D. 2008 management an introduction 4^th edition

Management Definition

“The task of planning, organising, leading and controlling the use of resources in order to achieve organisational goals in an effective and efficient manor.” Ref – Biddy CH1

Plan Long term objectives Short term objectives Strategy	Lead Motivation Leadership Communication
Organise Structure Culture Human Resource Management	Control Operations IT & electronic business

Mintzberg’s 10 leadership activities

Interpersonal figurehead liaison Leader

Informational Monitor Disseminator Spokesperson

Decisional Entrepreneur Disturbance Handler Resource Allocator Negotiator

Disclaimer

I do not take any responsibility for the accuracy, content or use of the information on this blog.