Lecture 1-Introduction To Management
Lecture 1-Introduction To Management
Managers and
Management
1-2
Learning Outcomes
Explain why it’s important to study management.
Describe the factors that are reshaping and
redefining management.
Tell who managers are and where they work.
Define management.
Describe what managers do.
Identify the basic managerial roles that managers may play
and the skills they need to be successful.
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WHY STUDY MANAGEMENT?
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HOW IS THE MANAGER’S JOB CHANGING?
1.Importance of Customers to the Manager’s Job
• Customers: the reason that organizations exist
– Managing customer relationships is the responsibility of
all managers and employees.
– Consistent high quality customer service is essential for
survival.
– customer-responsive organization
2. Importance of Social Media to the Manager’s Job
• Forms of electronic communication through which users
create online communities to share ideas, information,
personal messages, and other content.
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HOW IS THE MANAGER’S JOB CHANGING?
3. Importance of Innovation to the Manager’s Job
• Innovation
– Doing things differently, exploring new
territory, and taking risks.
– Managers should encourage employees to be aware of and
act on opportunities for innovation.
4. Importance of Sustainability to the Manager’s Job
Efficiency
Getting work
done through
others Effectiveness
What is Management?
Planning
and decision Organizing
making
Inputs from the environment
• Human resources Goals attained
• Financial resources • Efficiently
• Physical resources • Effectively
• Information resources
Controlling Leading
What Is Management? (cont’d)
•Managerial Concerns
– Efficiency
• “Doing things right”
– Getting the most output for
the least inputs
– Effectiveness
• “Doing the right things”
– Attaining organizational
goals
Basic Purpose of Management
EFFICIENTLY
Using resources wisely and
in a cost-effective way
And
EFFECTIVELY
Making the right decisions and
successfully implementing them
Exhibit 1–3 Managerial Effectiveness and
Efficiency in Management
What Is Management?
• Efficiency and effectiveness are interrelated.
– It’s easier to be effective if one ignores efficiency.
– Good management is concerned with both, the
attainment of goals (effectiveness) and efficiency
in the process.
– Poor management involves being inefficient and
ineffective or being effective but inefficient.
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What Do Managers Do?
Three Approaches to Defining What Managers
Do:
1. Functions they perform
2. Roles they play
3. Skills they need
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Management Functions
Management Functions Meaning
Controlling Leading
Monitoring Motivating members
and correcting of the organization
ongoing activities to work in the best
to facilitate goal interests of the
attainment organization
Managerial Roles
Roles are specific actions or behaviors expected of a
manager.
The whole
levels of
managers
Technical skills:
Lower
managers supervise the workers who produce products
or serve customers.
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