2. Write a one-paragraph summary of the key points in your article. List the terms or concepts critical to understanding the article, and provide defi nitions of those terms. If you are unfamiliar with a term or concept that is central to the article, do some research in your textbook or see your professor during offi ce hours. Relate these key points to the concepts in your text by citing page numbers. As you read in the chapter, management theories are dynamic. In other words, they change over time, sometimes very rapidly. In addition, management theories have often been cumulative, meaning that later theorists tend to build on theories previously advanced by other scholars. Thus, a new theory becomes the starting point for yet another theory that can either refi ne or refute the management thinking of the day.

One way to prepare for your career as a manager is by becoming aware of management trends today. The best (and easiest) way to do that is by regularly combing through business newspapers and periodicals. You will always fi nd at least one article that relates to management concepts, and as you scan the business press over time, you will see which theories are infl uencing current management thinking the most. By understanding management history and management today, you will be better able to anticipate changes to management ideas in the future. This exercise is designed to introduce you to the business press and to help you make the connection between the concepts you learn in the classroom and real-world management activities. Done regularly, it will provide you with invaluable insights into business activities at all types of organizations around the world