Principles and Practice of Management: Functions, Systems Approach, General Environment, and CSR

Running Head: Principles and practice of management
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Principles and practice of management 3
Contents
Introduction......................................................................................................................................4
Question 1........................................................................................................................................5
(a) Four functions of management.........................................................................................5
(b) Management functions are related to one another with example......................................6
Question 2........................................................................................................................................7
(a) A systems approach to management.................................................................................7
(b) The approach is practised in the organisation...................................................................9
Question 3......................................................................................................................................10
(a) Components of the general environment........................................................................10
(b) General environmental factors that can affect your business.........................................10
Question 4......................................................................................................................................11
(a) Approach took by Starbucks in its corporate social responsibility.................................11
(b) Pros and cons of the involvement of businesses in corporate social responsibility (CSR)
activities.....................................................................................................................................12
Conclusion.....................................................................................................................................14
References......................................................................................................................................15

Principles and practice of management 4
Introduction
Management consists of the activities of setting the strategy of an organisation and coordinating
efforts of its employees to accomplish the objective through the application of the available
resources like technological, human resources, financial and natural (Koontz, 2010). The report
includes the concepts of the management with their practice and principles. In the current era,
every business practice the management as it is a growing business strategy that is intended to
help the companies that overcome the challenges of fluctuating markets and adapt to the ever-
evolving needs of customers. In the end, two of the questions related articles are answered which
are the topics of management.