assessing your skills you should respond in one of three ways:you should respond in one of three...
TRANSCRIPT
Assessing Your Skills
• You should respond in one of three ways:1. Respond based on your own managerial experience,
if you have any.
2. Respond about effective (or ineffective) managers you have observed in your work experience.
3. Respond in terms of how you think an ideal manager should behave.
• What could cause your answers to not be an accurate estimation of your present level of management skills?
1–2© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
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.
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. 1–3
The Basic Purpose of Management
EFFICIENCYUsing resources wisely and
in a cost-effective way
EFFECTIVENESSMaking the right decisions and
successfully implementing them
and
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. 1–4
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Types of Organizational Resources
1–5
OrganizationalResources
Human Resources
Financial Resources
Physical Resources
Information Resources
What Core Skills Do Managers Need?
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. 1–6
CoreManagement
Skills
Technical
Conceptual
Communication
Time Management
DecisionMaking
Diagnostic
Interpersonal
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Present and Future Job Skills
• Key Questions:
1. What skills do I need to perform my current job effectively?
2. What skills do I need to perform my next job effectively?
1–7
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Managers by Level and Area
1–8
Top Managers
Middle Managers
First-line Managers
Marketing Finance Operations Human Resources
Administration Other
Areas of Management
Levels of Management
Areas of Management
Areas of Management
Human ResourceManagers
AdministrativeManagers
SpecialistManagers
MarketingManagers
FinancialManagers
OperationsManagers
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. 1–9
The Functional Perspective on Management
• Planning and Decision Making: Determining goals and courses of action
• Organizing: Coordinating activities and resources
• Leading: Motivating and managing people
• Controlling: Monitoring and evaluating activities
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. 1–10
Management Simple
• Plan and Decide:– Effective pursuit of a chosen goal requires planning.
• Organize:– Efficiency in the use of an organization’s resources
requires proper structuring of the organization.
• Lead:– An organization is most effective when all of its efforts
are focused in the right direction.
• Control:– Knowing what has been done and how well it was
done determines what must yet be done.
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. 1–11
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
The Role Perspective on Management
1–12
InterpersonalRoles
InformationalRoles
Managerial Roles
DecisionalRoles
© 2014 Cengage Learning. All rights reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Why Individuals Become Entrepreneurs
• Entrepreneurship is more likely if an individual:– is the parent, child, spouse, or sibling of an
entrepreneur
– is an immigrant to the United States or the child of an immigrant is a parent
– is a member of the Jewish or Protestant faith
– holds a professional degree in a field such as medicine, law, or engineering
– has recently experienced a life-changing event, such as getting married, having a child, moving to a new city, or losing a job
1–13