Chapter 1: Managment Flashcards
What is management?
Getting work done through others
Efficiency
Getting work done by putting in the minimum amount of effort, waste, expense
Effectivness
Getting things done that fulfill organizational objectives
What are the 5 characteristics of effective management?
1) Productivity
2) Job Satisfaction
3) Low Absenteeism
4) Low Turnover
5) “good behavior”
What are the four functions of management?
Planning, organizing, leading, controlling
Planning
Determining goals and a way to achieve those goals
What are the benefits of planning?
It improves performance by motivating people to work harder
Organizing
Deciding when decisions will be made, who will do what, and who will work for whom in the company
What example from the book was used for organizing?
The merger between continental airlines and united airlines (enormous task to merge all the ways of doing things)
Leading
Motivating workers to work harder to achieve goals
How can you be an effective leader?
By clearly communicating goals and expectations
Controlling
Monitoring progress towards goals and taking corrective action when necessary
What is the process for effective controlling?
1) setting standards
2) comparing actual standards
3) Making changes to reach standards
What are the four types of managers?
Top managers, Middle Managers, First Line, Team Leaders
Top Managers
Title says “chief”: responsible for overall direction of org.