Think about a recent merger or takeover. What benefits were claimed for it at the time of it announcement? Have they materialized?

Make a presentation of you research to the class. Discuss the outcome of this merger or takeover.

Module 3 Management

Starting up

A. Quick management test.

1) Every successful business is dependent on good …

manages

management

managerial

manager

2) It is said that good management has always been the invisible ingredient of …

successfully

succeed

successful

success

3) Management gurus are people whose role is to … and spread around new and effective management practices.

interpretation

interpret

interpreted

interpreter

4) Peter Drucker[6] is the management guru who … the notion of 'management by objectives'.

inventor

inventive

invention

invented

5) Successful gurus are adept at … management theory and practice response to a constantly changing world.

reformulation

reformulating

reformulate

reformulates

6) Effective management in a turbulent world is … the major international challenge for business.

increasingly

increasing

increased

increase

7) Douglas McGregor² … two main styles of management: X-Theory which is authoritarian, autocratic and repressive; and Y-Theory which is participative, delegating, and developmental.

defined

defining

has defined

was defined

Reading 1: Basics of Management