IntroToMgmt 01 Introduction 1

Introduction to
Management
General Information
–
Requirements
Dr. Piroska Hoffmann

Fall 2023
Agenda
•Lecturer(s)
•Schedule
•Course material
•Midterms, final grade, etc.

Lecturer(s)
Piroska Hoffmann, PhD Eszter Daruka, PhD
Questions related to the course (material): [email protected]

[email protected]
When writing an e-
mail, please...
• Use an e-mail account of yours which will not go
directly to spam, no frivolous e-mail addresses
e.g., [email protected]
• Use subject line: “IntroToMgmt – [here comes

problem keyword]”
⟶ specify your problem e.g., IntroToMgmt –
midterm question
• Clarify who you are (name, NEPTUN ID, the course

you take, Bachelor/Master, which year, etc.)
• Summarize your problem

Schedule – How’s the course built up?
• Lectures (12)
• Seminars (8)
• ’ Video-only’ lectures (3 – before Midterms on Moodle)
Keep checking the online timetable!

Midterms, final grade, etc.
Compulsory course, ends with and exam
BUT!
• An offered grade (or preliminary grade) can be obtained via work
(collecting enough points) throughout the semester
• 90 points from 3 MIDTERMs (most probably 30% - 30% - 30%)
• 16th of Oct (exact time TBA);
• 20th of Nov (exact time TBA);
• 18th of Dec (exact time TBA);
• 1 retake opportunity of the 2nd MT, when the 3rd is taking place
• ALWAYS according to a predefined schedule

• @ the Examination Centre
• no changes are possible!
Midterms, final grade, etc.
‘OTHER’ POINTS
• A max. of 10 ‘other’ points can be used for the offered grade
• opportunities for more (up to 20) points will be offered throughout the
semester but the max nr of available credits is 10.
• Even if a student scores more than 10 points, 10 points will be credited.
• These will vary according to many parameters (in case of this! course)
• Individual and/or group work
• One-time tasks and/or ongoing tasks
• Randomly (no pre-announced)
• Mostly in class (both on lectures or seminars)
Midterms & final grade
Exam eligibility: minimum 30 points (out of the 90+10)
or 15 points from the 2nd Midterm
GRADING 1:
• Offered grade: minimum 60 points (out of the 90+10)
Grading for offered grades:
• 85 – 100: Excellent (5)
• 70 – 84: Good (4)
• 60 – 69: Satisfactory (3)
Less than 30 points: you have to start again next YEAR

Midterms & final grade
GRADING 2:
If an offered grade is not accepted or obtained: exam
Grading for exams:

• 85 – 100: Excellent (5) • 100-point exams
• 70 – 84: Good (4) • ‘Other’ points do NOT count
• 55 – 69: Satisfactory (3)
• 51 – 54: Pass (2)
• 0 – 50: Fail (1)
Course Material
• Materials of lectures and seminars: slides on

Moodle
• All lectures recorded; available in Video Library
• ’ Video-only’ lectures are available on Moodle
• Combe, C. (2014): Introduction to Management

(First Ed.), Oxford University Press, London
• ISBN: 9780199642991
• https://goo.gl/V2kMmF
• Questions To Consider
Introduction
–
Lecture 1 & 2.
Dr. Piroska Hoffmann

Fall 2023
Agenda
• Characteristics of the modern business environment

• Definition of organization and management
• Main functions of management
• Planning
• Leading
• Organizing
• Controlling
• Management roles and skills
Crossword vs. Mystery
Mysteries require judgments and the assessment of uncertainty, and the hard part is
not that we have too little information but that we have too much (Malcom Galdwell)
Herbert A. Simon (1973): The structure of ill structured problems Artificial Inteligence e 4 (1973), 181-201
WHY?
https://www.ted.com/talks/angela_wang_how_china_is_chang
ing_the_future_of_shopping?utm_campaign=tedspread&utm_
content=talk&utm_medium=referral&utm_source=tedcomshar
e&utm_term=technology
http://bit.ly/HowChina
The modern
business
GLOBALIZATION,
DIGITAL LEARNING environment
ECONOMY ORGANIZATIONS
– –
Managing Managing
communication & learning
diversity
TURBULENT ORGANIZATIONAL
ENVIRONMENT ISSUES
– –
Managing Inclusive
changes management
The modern
business
GLOBALIZATION,
– –
Managing Managing
communication & learning
diversity
ENVIRONMENT ISSUES
– –
Managing Inclusive
changes management
Globalization is a huge opportunity
and a big challenge as well
The decision makers are motivated to move foreign
markets to minimize their cost of capital and maximize
their market.
Row-material seekers
Market seekers
Political Safety seekers
Production Efficiency seekers
Knowledge seekers
1600 - East India Company Country risk

The lack of knowledge of the decision makers can create a
high risk of the operation.
The modern
business
GLOBALIZATION,
– –
Managing Managing
communication, learning
virtual life
ENVIRONMENT ISSUES
– –
Managing Inclusive
changes management
Turbulent world
Delivery cost/conatainer
2020:
2 000 €
Aug 2021
12 000 €
2022 Forecast
6 000 €
2022 real market

price:
8 000 €
The modern
business
GLOBALIZATION,
– –
Managing Managing
virtual life
ENVIRONMENT ISSUES
– –
Managing Inclusive
changes management
Learning organization
The modern
business
GLOBALIZATION,
– –
Managing Managing
virtual life
ENVIRONMENT ISSUES
– –
Managing Inclusive
changes management
Inclusive management
Consumers Economical
Political & Legal dimension
dimension
Regulators Suppliers
ORGANIZATION
Natural International
dimension dimension
Competitors Strategic
partners Technical
Socio-cultural dimension
dimension
WHAT is...
Definition – Organization
• An organization is a social system that operates through human

activity.
• People work together for a common goal (it is the goal and the
strategy of the organization).
• The goal exceeds the capacity of the individual(s).
• They strive for surviving and operating effectively.
Definition – Management
Management is the organisation and coordination of
activities to achieve stated aims and objectives
• planning,
• organizing,
• controlling and
• leading
by using an organization’s resources (human, financial,
physical, and information) the financial , physical,
information, and human resources
in an effective and efficient way.
The functions of management
Planning &
Organizing
decision making Determinig how best to
Setting the organizational group activities and
goals and deciding how resources
best to achieve them
Controlling Leading
Motivating members to
Monitoring and correcting
the organization to work
ongoing activities to
in the best interest of the
facilitate goal achivement
organization

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Introduction to

Dr. Piroska Hoffmann

•Midterms, final grade, etc.

Piroska Hoffmann, PhD Eszter Daruka, PhD

Questions related to the course (material): [email protected]

• Use subject line: “IntroToMgmt – [here comes

• Clarify who you are (name, NEPTUN ID, the course

• Summarize your problem

Keep checking the online timetable!

• ALWAYS according to a predefined schedule

Less than 30 points: you have to start again next YEAR

Grading for exams:

• Materials of lectures and seminars: slides on

• Combe, C. (2014): Introduction to Management

Dr. Piroska Hoffmann

• Characteristics of the modern business environment

1600 - East India Company Country risk

2022 real market

• An organization is a social system that operates through human

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