Chapter 1 Flashcards
Management
The attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources
What do managers do?
1 set objectives 2 organize 3 motivate and communicate 4 measure 5 develop people
Acceptance theory of authority
States that people have free will and can choose whether or not to follow management orders.
1.) Set objectives
Establish goals for the group and decide what must be done to achieve them
2.) Organize
Divide work into manageable activities and select people to accomplish tasks
3.) Motivate and Communicate
Create teamwork via decisions on pay, promotions, etc. , and through communication.
4.) Measure
Set targets and standards; appraise performance
5.) Develop People
Recognize the value of employees and develop this critical organizational asset.
4 management functions
Planning
Organizing
Leading
Controlling
Planning
Select goals and ways to attain them
Organizing
Assign responsibility for task accomplishment
Leading
Use influence to motivate employees
Controlling
Monitor activities and make corrections
Organization
Social entity that is goal directed and deliberately structured
Organizational effectiveness
Providing a product or service that customers value
Organizational efficiency
The amount of resources used to achieve an organizational goal
Management skills
Three categories: conceptual, human, technical
The application of management skills change as managers mover up the hierarchy
Common management failures
- Not listening to customers
- Misinterpreting signals from market
- Not building teams
- Inability to execute strategies
- Fail to comprehend/adapt to change
- Poor communication/interpersonal skills
role
Set of expectations for a managers behavior
Three subcategories of the ten manager roles
Interpersonal
Decisional
Informational
Interpersonal
Figured Head
Leader
Liaison
Decisional
Entrepreneur
Disturbance handler
Resource allocator
Negotiator
Informational
Monitor
Disseminator
Spokesperson
From controller
To enabler