ABFM: Concepts and Practice · Part A: The Management Process

Chapter 1: Management and strategy

What managers do and why: the functions and roles of management, a century of ideas, and how a bank sets its strategy.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 1.1What management isp. 3
• 1.2A century of management thoughtp. 4
• 1.3Challenges and opportunitiesp. 5
• 1.4Strategic managementp. 6
• 1.5Reading the environmentp. 7
• Exam traps and quick checksp. 8
• Practice: 16 questions in three roundsp. 9
• Answers, with every wrong option explainedp. 11
• Make it stickp. 13
• Chapter 1 on one pagep. 14

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.