A practical introduction to management
Management: A practical introduction (7th ed.). Chapter Questions
Answer the each of the following questions below in 200 words minimum. Provide citations and references if you use other resources.
3.1 Is profit the only important goal of a business? What are others?
3.4 What does the successful manager need to know about ethics and values?
4.2 Why learn about international management, and what characterizes the successful international manager?
4.3 Why do companies expand internationally, and how do they do it?
5.1 What are planning, strategy, and strategic management, and why are they important to me as a manager?
5.2 What are mission and vision statements, and what are three types of planning? Reference: Kinicki, A., & Williams, B. K. (2015). Management: a practical introduction (7th ed.).
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Most businesses focus on profit maximization and profit satisfaction. These two concepts direct the business towards making the most profit as possible. However, there are other important goals of business apart from these. A business should have other goals like aiming at its long- term survival, making history because of its impact on the society and making as many sales as…
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