Management - Chapter 1
Management - Chapter 1
ONBOARD TO
PRINCIPLES OF
MANAGEMENT
CLASS
The word manage, according to the Oxford
English Dictionary, is derivative of the Latin
manus, or hand and emerges from the
Italian maneggiare, which refers to the
handling or training of horses. Its use has
since been expanded to represent a
broader concern for the proper handling of
things or people, particularly with regard to
a company or organization.
1–2
What is Management
1–5
Classifying Managers
• First-line Managers
Individuals who manage the work of non-managerial
employees.
• Middle Managers
Individuals who manage the work of first-line
managers.
• Top Managers
Individuals who are responsible for making
organization-wide decisions and establishing plans
and goals that affect the entire organization.
1–6
Exhibit 1–2 Managerial Levels
1–7
What Is Management?
1–8
What Is Management?
• Managerial Concerns
Efficiency
“Doing things right”
– Getting the most output
for the least inputs
Effectiveness
“Doing the right things”
– Attaining organizational
goals
1–9
Exhibit 1–3 Effectiveness and Efficiency in
Management
1–10
What Managers Do?
• Three Approaches to Defining What Managers
Do.
Functions they perform.
Roles they play.
Skills they need.
1–11
What Managers Do?
• Functions Manager’s Perform
Planning
Defining goals, establishing strategies to achieve goals,
developing plans to integrate and coordinate activities.
Organizing
Arranging and structuring work to accomplish organizational
goals.
Leading
Working with and through people to accomplish goals.
Controlling
Monitoring, comparing, and correcting work.
1–12
Exhibit 1–4 Management Functions
1–13
What Managers Do?
• Roles Manager’s Play
Roles are specific actions or behaviors expected of a
manager.
Mintzberg identified 10 roles grouped around
interpersonal relationships, the transfer of information,
and decision making.
1–14
What Managers Do? Mintzberg’s Roles
• Interpersonal Roles
• Figurehead …… Greeting visitors, signing legal documents
• Leader ………... Leading the subordinates
• Liaison………….. Acknowledging mail, working with outsiders
• Informational Roles
• Monitor………….. Reading periodicals and reports
• Disseminator…… Holding informational meetings
• Spokesperson…. Board meetings, information to media
• Decisional Roles
• Entrepreneur……. Organizing strategy and review to develop plans
• Disturbance handler.. Dealing with disturbances
• Resource allocator…. Scheduling, budgeting etc
• Negotiator…………… Participating in union and suppliers
negotiation.
1–15
What Managers Do?
1–16
Exhibit 1–6 Skills Needed at Different
Management Levels
1–17
Exhibit 1.9 Challenges
Impacting the Manager’s Job
Ethics
Knowledge
Management Diversity
Manager
Innovation Globalization
Customers E-Business
18
Challenges to Managing
• Ethics
Increased emphasis on ethics education in university
and college curriculums
Increased creation and use of codes of ethics by
businesses
• Workforce Diversity
Increasing heterogeneity in the workforce
More gender, minority, ethnic, and other forms of
diversity in employees (cultural values important)
Biggest immediate issue? (aging pop.)
19
Challenges to Managing (cont’d)
• E-business (electronic business)
The work performed by an organization using
electronic linkages to its key constituencies
E-commerce: the sales and marketing component of
an e-business
• Innovation
Doing things differently, exploring new territory, and
taking risks
Managers need to encourage all employees to be
innovative
20
Challenges to Managing (cont’d)
• Importance of Customers
Customers have more opportunities than ever before
Delivering consistent high-quality service is essential
Managers need to create customer-responsive
organizations
• Globalization
Management in international organizations
Political and cultural challenges of operating in a
global market
21
Challenges to Managing (cont’d)
• Knowledge Management
The cultivation of a learning culture where
organizational members systematically gather and
share knowledge with others in order to achieve
better performance
• Learning Organization
An organization that has developed the capacity to
continuously learn, adapt, and change
22
Secret of Pixars successful computer animated films.
• All employees must have freedom to communicate to
other employees.
• Safe for everyone to offer ideas.
• The company must stay close to innovations
occurring in the academic community.
What Is An Organization?
• An Organization Defined
A deliberate arrangement of people to accomplish
some specific purpose (that individuals independently
could not accomplish alone).
• Common Characteristics of Organizations
Have a distinct purpose (goal)
Composed of people
Have a deliberate structure
1–24
Exhibit 1–9 Characteristics of Organizations
1–25
Why Study Management?
• The Value of Studying Management
The universality of management
Good management is needed in all organizations.
The reality of work
Employees either manage or are managed.
Rewards and challenges of being a manager
Management offers challenging, exciting and creative
opportunities for meaningful and fulfilling work.
Successful managers receive significant monetary rewards
for their efforts.
1–26