EBC 1001 Group 02

Minutes Meeting 4 (Pre-Discussion):

Thursday 12th of September 2019

Discussion Leader: Sarah

Secretary: Hadrien Guedel, Victor Stein

Post-Discussion:
LG1 What is Management? What is the role of Management?
-getting things done with aid of the resources and people
-take responsibilities
-inputs and outputs  add value

LG2 What different kind of Managers are there?

General Managers
Functional Managers(Line managers and staff managers)
project Managers

 layers of managers(CEO,COO,…)
head

line managers

LG3 What are stakeholders?

Individuals/groups or organizations who influence or are influenced by the company.

LG4 How do you transfer tangible/intangible resources into valuable goods?

tangible: physical assets(object, people,…)
intangible: nonphysical assets(reputation,…)

People need to know/understand the customers.

In order to make a product we need tangible AND intangible assets.

LG5 Which responsibilities does a manager have?

- Different type of managers have different kind of responsibilities.

- In common  achieve a goal ( way to each goal differs for every type of managers)
- need to adapt their skills to their context to be more efficient
- They have to delegate but there is still stuff only they can do
- Working with humans, financial and physical resources to achieve organizational
objectives
LG6 Shall managers make use of models or their own experience?
-Managers have to balance the use of models and their own experience to be the most
effective
 Important: have the theoretical base for everyday management (structure)
BUT for unique situations managers have to use their own experience to adapt to a
new problem
-Certain models can help to structure a new problem
-Managers have to think critically to be able to choose what is best for each situations

LG7 Pros and Cons of models

PROS
Provide evidence
good impact if used correctly
Provide solution quicker
Can help beginners to gain confidence
CONS
Easier to use intuition rather than doing
research
Could not suit the problem  dangerous to
only use models
Necessary to combine multiple models

LG8 Type of models

- Human relations model: social processes to develop human relations
- Open system model:
- Internal process model:
- Rational goal model:

LG9 Do the different departments play a role for models or experience?

-Yes, depending on the department, Managers have to tackle their problems differently
-Combine models to create optimal solution
-Different departments face different problems
PRE-DISCUSSION TASK 6

Step 1: Difficult words

- Idiosyncratic: unusual, hard to predict

- Multifaceted: many elements
- Multi-layered: multiple layers
- Prevalent: existing very commonly
- Subsidiary: company controlled by a hollering company

Step 2: Problem Statements

Main Topic:
How does culture effect management?
How is management affected by culture?
Adapting management to the cultures?

Problem Statement:
What impacts does culture have on management?

Step 3: Brainstorm

Internal Culture External Culture

- The company’s culture has an impact - Different ways of working depend on

on the morality of the workers
- Bring other cultures: bring new
mindsets, new point of views
- Learn to think differently from what
you are used to
- Being OPEN-MINDED is the key to
work efficiently together
- Culture can vary in function of the
company’s culture
the different countries
- Management styles differ
- Difficulties encountered when
working with each other
- AWARNESS: keep differences in mind.
Accept and Respect
- Adaptation: respect goes both ways

Step 4
Which problem statements should be further investigated?
Can we group some together?
What would be a logical order for the learning goals?

[Step 4 has not been necessary for this meeting]

Step 5: Learning goals

LG1: What is organizational culture and how is it formed?

LG2: What are the different levels of culture in business? (Schein)

LG3: What is the PESTEL analysis? How does each PASTEL factor shape managerial
practices?
LG4: What is the Porter’s five forces model? What impact does each force have on the
company?

LG5: What are the pros and cons of a multicultural company?

LG6: What kind of impact does culture have on management practices?

LG7: How can the Theory of Holstead and Whitley help managing internationally? What are
the limitations?

LITERATURE:
- Chapter 3 & 4 (but only 4.1, 4.5, 4.6, 4.7, 4.9)

Work for meeting 5:

- Read the literature
- Read Task 7
- Answer Learning Goals