1. Chapter 1 Managing and the Managers Job
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2. What is Management? A set of activities
planning and decision making, organizing, leading, and controlling
directed at an organization’s resources
human, financial, physical, and information
with the aim of achieving organizational goals in an efficient and effective manner.
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3. EFFICIENTLY Using resources wisely and in a cost-effective way
In the Management definition:
EFFICIENTLY Using resources wisely and in a cost-effective way
And
EFFECTIVELY Making the right decisions and successfully implementing them
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4. The Functions of Management
Planning and Decision Making: Establishing goals and deciding how to achieve them
Organizing: Coordinating Activities and Resources
Leading: Motivating and Managing People
Controlling: Monitoring and Evaluating Activities
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5. The Management Process
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6. Levels of Management Top Management Middle Management
CEO, CFO, President, Vice Presidents
small group of executives who manage the overall organization. They create the organization’s goals, overall strategy, and operating policies.
Middle Management
Directors, department heads
are primarily responsible for implementing the policies and plans of top managers. They also supervise and coordinate the activities of lower level managers.
First-Line Management
Supervisors
supervise and coordinate the activities of operating employees.
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7. Managers by Level and Area
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8. Managerial Skills Technical Interpersonal Conceptual Diagnostic
Communication
Decision Making
Time-Management
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9. Management: Science or Art?
The Science of Management
Assumes that problems can be approached using rational, logical, objective, and systematic ways.
Requires the use of technical, diagnostic, and decision-making skills and techniques to solve problems.
Art of Management
Making decisions and solving problems using a blend of intuition, experience, instinct, and personal insights.
Using conceptual, communication, interpersonal, and time-management skills to accomplish the tasks associated with managerial activities.
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10. Baker’s Best Video What skills does Baker possess?
What does he do that contributes to the business’s success?
Does this management style work?
How do you judge it?
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