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Learning Objectives
Inspirational video
Ants theory
Importance of team work
Failures leads to success
Union is strength
Management
Resources
People
Raw materials
Equipment
Money
Information
Management Functions
Management Functions
Planning
Process of determining the
organizations objectives and deciding
how to accomplish them.
Management Functions
Planning
Management Functions
Objectives
Management Functions
Plans
Strategic Plans
Tactical Plans
Operational Plans
Management Functions
Strategic Plans
Executive level managers
Establish the long-range objectives & overall
strategy to fulfill firms mission
2-10 years forward-looking
Sustainability
diversification
Management Functions
Tactical Plans
Short-range strategy
implementation
1 year or less
Environmental change
Periodically reviewed & updated
Management Functions
Operational Plans
Management Functions
Organizing
Structuring of resources & activities to
accomplish objectives efficiently &
effectively.
Management Functions
Organizing
Importance
Creates synergy
Establishes lines of authority
Improves communication
Improves competitiveness
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Management Functions
Staffing
Hiring people to carry out the work of
the organization.
Management Functions
Staffing
Importance
Recruiting
Determine skills
Motivate & train
Compensation levels
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Management Functions
Downsizing
Elimination of significant numbers of
employees
(rightsizing, trimming the fat)
Management Functions
Directing
Motivating and leading employees to
achieve organizational objectives.
Motivation
Incentives (raise, promotion)
Employee involvement (cost reduction, customer service,
new products)
Recognition and appreciation
Management Functions
Controlling
Process of evaluating and correcting
activities to keep organization on
course,
Management Functions
Controlling
Five Activities
Measuring performance
Comparing performance against standards
Identifying deviations from standards
Investigating causes of deviations
Taking corrective action
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Types of Management
Levels of Management
Top management
Middle management
First-line/supervisory management
Type of Job
Directly
supervise non-managers.
Carry out the plans and objectives of higher management using
the personnel and other resources assigned to them.
Manage
through other managers.
Make plans of intermediate range to achieve the long-range goals
set by top management, establish departmental policies, and
evaluate the performance of subordinate work units and their
Middle Management
managers.
and integrating and coordinating function so that the
Provide
short-range decisions and activities of first-line supervisory
groups can be orchestrated toward achievement of the long-range
goals of the enterprise.
Responsible
for defining the character, mission, and objectives of
the enterprise.
Establish
criteria for and review long-range plans.
Top Management
Evaluate
the performance of major departments, and they evaluate
leading management personnel to gauge their readiness for
promotion to key executive positions.
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Areas of Management
Finance
Production
Operations
Human Resources
Marketing
Administration
Managerial Skills
Seven Tips for Successful Leadership
Democratic Leaders
Involve employees in decisions
Free-rein leaders
Employees work without interference
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Downward
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