M1 Flashcards
Discipline of managing things in the best possible manner
Management
Art/skill of getting the work done through/with others
Management
Can be found in all fields like educ, hospitality etc.
Management
Quality of influencing people so that obj are attained WILLINGLY & ENTHUSIASTICALLY
Leadership
Major element of management
Leadership
Formulate obj, programs, policies, procedures, rules and regulations to achieve goals of the business
Planning
Related to decision-making as it selects the best course of action to follow
Planning
Involves “FORCEASTING”/ making decisions in advance
Planning
Used to accomplish the present obj & its relationship in the future
Planning
Most critical element of management
Planning
7 acts of planning
• Developing obj
• Forecasting
• Programming
• Scheduling
• Budgeting
• Developing policies
• Establishing procedures
Establish the results to be accomplish
Developing objectives
Estimates & practice future conditions & events. [END RESULT]
Forecasting
Establish the sequence & priority of action
Programming
Establish a time sequence for program step
Schedulin
Allocate resources to achieve an obj within specified period of time.
Budgeting
Establish standing decision that applies to concern to the enterprise as a whole in achieving its objectives
[Rules/guidelines essential in decision making]
Depeloping policies
Standardize the WORK THAT MUST BE DONE uniformly if the obj are to be achieved
Establishing procedures
Grouping together ppl, establishing relationships among themand defining authority and responsibility that the responsibility that the personnel have
Organizing
Manager assumes various roles and possess various skills
Manager,’s role and skill
These are inherent behavior for any manager of any kind of onrganization
Manager’s skills & roles
Patterns of bahevior that are EXPECTED of the manager (in the way they function)
Manager’s skill & role
Interpersonal roles (3)
Liason
Figure head
Leadership
3 Informational
Monitor
Spokesperson
Disseminator
4 decisional
Resource Allocator
Navigator
Disturbance handler
Entrepreneur
This role includes hiring, training, motivating and
disciplining employees.
Leadership
The manager, as in charge of the organization /
department, coordinates the work of others and
leads his subordinates.
Leadership
Formal authority and functional authority provides
greater potential power to exercise and get the
things done
Leadership
Managers perform the duties of a
ceremonial and symbolic in nature such as
welcoming official visitors, signing legal
documents etc., as head of the
organization or strategic business unit or
department.
Figure head
Manager has to perform the functions of
motivation, communication, encouraging team
spirit and the like.
Liason role
He has to coordinate the activities of all his
subordinates
Liaison role
Requires the manager to interact with other
managers outside the organization to secure
favours and information
Liaison role
The manager represents his organization in all
matters of formality.
Liaison role