Management Chapter 1 Flashcards
College: Third year
Management
the planning, organizing, leading and controlling of human and other resources to achieve organizational goals effectively and efficiently.
planning which goals the manager will pursue, what you're going to do
Organnizations
Collections of people who work together and coordinate their actions to achieve a wide variety of goals or future outcomes.
example: church, college and fraternity groups
Managers
the people responsible for supervising the use of an organization's resources to meet its goals
for example: managers use resources to accomplish a goal
Effectiveness
a measure of the appropriateness of the goals an organization is pursuing and the degree to which they are achieved.
example:weather you get the job done
Efficiency
a measure of how well or how productively resources are used to achieve a goal
example: the amount taken to complete a task
Planning
1.) Deciding which goals the organization will pursue
2.) Deciding what courses of action to adopt to attain those goals
3.) Deciding how to allocate organizational resources
Organizing
-Involves grouping people into departments according to the kinds of job-specific tasks they perform
-managers lay out lines of authority and responsibility
- Coordinating organizational resources
Organizational structure
a formal system of task and reporting relationships that coordinates and motivates members so that they work together to achieve organizational goals
Leading
-leadership involves using power, personality, influence, persuasion and communication skills
-it revolves around encouraging all employees to perform at a high level
-outcome of good leadership is a highly motivated and committed workforce
Controlling
-the outcomes of the control process is the ability to measure performance accurately and regulate organizational efficiency and effectiveness
- in the planning function the managers must decide which goals to measure in the controlling function they measure and regulate those goals
Department
a grounp of people who work together and possess similar skills or use the same knowledge, tools, or techniques
Levels of Management
TOP PYRAMID: CEO ,
Top Managers ,
Middle Managers ,
First- Line Managers
First- line managers
responsible for the daily supervision of the managerial employees
Middle- Managers
Supervises first line managers and is responsible for finding the best way to use resources to achieve organizational goals
Top Managers
-Responsible for the performance of all departments
-establish organizational goals
-decide how different departments should interact
-monitor how well middle managers utilize resources to achieve goals
Roles:
-Decisional
-Interpersonal
-Informational
Skills:
-Conceptual
-Human
-Technical
Entrepreneur:
deciding which new projects or programs to initiate and to invest resources in
Disturbance handler:
managing an unexpected event or crisis
Resource allocator:
assigning resources between functions and divisions setting the budgets of lower managers
Negotiatior
reaching agreements between other managers, unions, customers, employees or shareholders
Figurehead
symbolizing the organizations mission and what it is seeking to achieve
Leader
training, counseling and mentoring high employee performance
Liaison
linking and coordinating the activities of people and groups both inside and outside the organization
Monitor
analyzing information from both internal and external environment
Disseminator
transmitting information to influence the attitudes and behavior of employees
Spokesperson
using information to positively influence the way people in and out of the organization respond to it
example: president
Conceptual Skills
the ability to analyze and diagnose a situation and distinguish between cause and effect
Human skills
the ability to understand, alter, lead and control the behavior of the individuals and groups
Technical skills
job- specific skills required to perform a particular type of work or occupation at a high- level
Core competency:
specific set of departmental, skills abilities knowledge and experience that allows one organization to outperform its competitors
example: what we do best and we can focus on
innovation
the process of creating new or improved goods and services or developing better ways to produce or provide them
example: is there creative
Restructuring
involves simplifying shrinking or downsizing and organizations operations to lower operating costs (to make a fundamental change in an organization usually for a specific reason)
Outsourcing
contracting with another company to perform a work activity the company previously performed itself
example: labor cost is cheaper by other countries
Empowerment
involves giving employees more authority and responsibility over the way the perform their work activities
Self- Managed teams
a group of employees who assume responsibility for organization controlling and supervising their own activities and monitoring the quality of the goods and services they provide.
example: given responsibility but doesn't have authority
Competitive Advantage
ability of one organization to outperform other organizations because it produces desired goods or services more efficiently and effectively than its competitors
Challenges for Management in a Global Enviorment
- rise of global organizations
- building a competitive advantage
-maintaining ethical standards
-managing a diverse workforce
-utilizing information technology and technologies
-global and domestic crisis management