Management Fundamentals Foundation of Management Unit 1

Characteristics of an Organization Purpose An organization is a collection of people working together in a division of labour to achieve a common purpose Division of Labour Workers focus upon a single stage of work, rather than the entire purpose

Hierarchy of an Organization Top Management Middle Management Lower Management

Levels of Management Top Management Middle Management Lower Management Guide the performance of the organization or a part of it Middle Management Oversea the work of large departments Lower Management Responsible for one area of activity, such as finance, marketing, production, personnel etc…

Functions of Management The Management Process Planning Organizing Leading Controlling

The Management Process Planning Setting performance objectives and deciding how to achieve them Organizing Arranging tasks, people, and other resources to accomplish the work

The Management Process Leading Inspiring people to work hard to achieve high performance Controlling Measuring performance and taking action to ensure desired results

Relative Amount of Time that Managers Spend on the 4 Managerial Functions Planning Organizing Leading Controlling Top Managers Middle Managers Line Managers

Skills Required at Various Levels of Management Conceptual Skills The ability to think analytically and achieve integrative problem solving Human Skills The ability to work well in cooperation with other persons Technical Skills The ability to apply expertise and perform a special task with proficiency

Lower-Level Management Upper-Level Management Relative Amount of Time that Managers Spend on the Four Managerial Functions Lower-Level Management Upper-Level Management Technical Skills Human Relation Skills Conceptual Skills