1. Management Fundamentals
Foundation of Management
Unit 1

2. 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

3. Hierarchy of an Organization
Top Management
Middle Management
Lower Management

4. 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…

5. Functions of Management
The Management Process
Planning
Organizing
Leading
Controlling

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

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

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

9. 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

10. 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