nature of management - term 3 Flashcards
what does an effective manager need to be good at POLC
- planning
- organising
- leading
- controlling
what is planning
the preparation of a predetermined course of action for a business.
It refers to the process of setting objectives and deciding on the methods to achieve them.
what is organising
the structuring of the organisation to translate plans and goals into action
what is leading
the process of influencing or motivating people to work towards the achievement of the organization’s objectives.
what is controlling
compares what was intended to happen with what has actually occurred.
what are the skills of management (F VIP CARDS)
- Flexibility
- Vision
-Interpersonal - Problemsolving
- Communication
- Adaptability to change
Reconciling the conflicting interest of stakeholders
- Decision making
- strategic thinking
what is flexibility
Flexibility refers to being responsive to change and able to adjust to changing circumstances
IF YOU LACK IT:
- Decreased employee engagement
- Wont allow for cohesiveness in the work environment
what is vision
Having the skill of perception = acknowledging where the business is going
Allows employees and managers to be on the same page
what are interpersonal relationships?
what is problem-solving
what is communication
what does adaptability to change mean
what does reconciling the conflicting interests of stakeholders mean
what is decision-making
what is strategic thinking
