Chapter 1 Flashcards
Management
efficient and effective pursuit of org goals through people
organization
group of people who work together to achieve a specific purpose
efficiency
attain org goals by doing more with less resources (people, money, mats)
effectiveness
org ends the goals by achieving results. Make right decisions and successfully carry them out
multiplier effect
manager influence on org is multiplied beyond results achieved by one person acting alone
4 principal functions of management
planning
organizing
leading
controlling
planning
set goals and decide how to achieve them
organizing
arrange tasks, people, and resources to accomplish the work
leading
motivate, direct, and infl people to work hard and achieve org goals
controlling
monitor perf, compare with goals and take corrective action as needed
Levels and Areas of management
Levels:
top manager
middle
first-line
team leader
nonmanegerial worker
areas :
resource and deve
marketing
production
finance
HR
top manager
make long term decisions abt dir of org and est policies and strategies for it
C suite
middle manager
implements policies and plans of top managers and supervises and coordinates the activities of first line managers
directors
first line manager
make short term operating decisions, direct daily tasks of nonmanagerial personelle
department head, foreperson, supervisor
team leader
facilitates team members activities to help teams achieve goals
nonmanegerial employyes
work alone on tasks with others on variety of teams
dont supervise of manage other people
bulk of companies work force
functional manager
responsible for 1 organization activity (specialist - has a niche)
vice pres of production, dir of finance