Unit 3 Outcome 2b Flashcards
What are the key management roles?
These are the things managers do to achieve the objectives of the organisation. POLC . planning . organising . leading . controlling
What do you have to make sure you don’t get mixed up?
. management roles
. management styles
. management skills
. management structures
Define the key management role of planning.
. Planning is the process of setting objectives and deciding how to achieve them
. it is the key to both short-term and long-term success and is therefore often referred to as the primary management role “failing to plan is (seen as) planning to fail”
. The management role of planning has a planning process and also includes 3 levels of planning, being strategic, tactical and operational.
What are the levels of planning?
. strategic
. tactical
. operational
Describe the strategic level of planning.
. Strategic planning is long term planning
. and usually spans over 2 to 5 years but can be more that that.
. It is quite important as it involves determining where the organisation wants to be in the market and what it wants to achieve in relation to its competition,
. therefore its authority belongs to senior management such as the board of the directors and the CEO
Describe the tactical level of planning.
. Tactical planning is medium term planning and spans over 1 to 2 years,
. it is much more flexible and adaptable and assists in implementing the strategic plan with an emphasis on the allocation of resources,
. therefore its authority belongs to middle management such as a department head of a store manager.
Describe the operational level of planning.
. Operational planning is short term and spans up to 6 months in advance but is usually day-to-day, weekly or monthly planning.
. It provides specific details about the way in which the organisation will operate in the short term,
. examples include daily and weekly production schedules
. and authority belongs to frontline management such as a supervisor or team manager
What are the steps in the planning process?
DADIM
- define
- analyse
- develop
- implement
- monitor
Outline the steps in the planning process?
- Defining the objective is where management begins the planning process by looking at where they believe the organisation is headed.
- Then there has to be an analysis of the environment, this is where managers attempt to work out exactly where the organisation stands and this is where a SWOT Analysis comes to play.
- Next is thedevelopment of alternate strategies, this is where managers come up with ideas to achieve objectives and decide to put one into action.
- The fourth step is implementing an alternative, this is where the agreed upon alternative is put into place.
- The final step is monitoring and seeking feedback on the implemented strategy, this is when management evaluate the strategy’s performance by setting targets and checking whether they are being met.
. If objectives are not being met the planning process would have to be repeated
What is a SWOT Analysis?
The SWOT Analysis helps to identify the organisations internal strengths and weaknesses and also the organisations external opportunities and threats.
What are some questions considered in the strengths section of the SWOT Analysis?
WHAT ARE OUR STRENGTHS? . what is the organisation good at? . is our product popular? . are our customers loyal? . do we have a skilled and motivated workforce? . do we function efficiently? . are we in a solid financial position
What are some questions considered in the weakneses section of the SWOT Analysis?
WHAT ARE OUR WEAKNESSES?
. do we have competent managers and staff?
. is our computer system obsolete?
. have we experienced past failures?
. have we been upgrading our facilities to keep
pace with others?
What are some questions considered in the oppurtunities section of the SWOT Analysis?
WHAT ARE OUR OPPORTUNITIES? . what will new technology bring for us? . is the national economy strong? . are interest rates low? . what are our possible new markets? . what other businesses can we acquire to expand the organisation?
What are some questions considered in the threats section of the SWOT Analysis?
WHAT ARE OUR THREATS?
. what trends have been evident in our markets?
. are there new laws regulating what we do?
. are there new competitors?
. are current competitors taking over our market share?
Describe the key management role of organising.
. Organising is the process of arranging resources and tasks to achieve objectives, these resources include staff, assets and finances.
. Organising also has a organising process in order to achieve this.
What are the steps in the organising process?
- determining the task
- classifying and grouping
- assigning work and delegating authority
Outline the steps of the organising process.
- firstly the tasks are determined, meaning the duties required to achieve objectives must be definite and then broken down.
- then classifying and grouping occurs where similar broken down steps are grouped together to improve efficiency because it enables appropriate allocation of resources.
- finally theres the assigning of work and delegating of authority where it is determined who will carry out the work and who has the responsibility to ensure the work is done
Describe the key management role of leading.
. Leading is the process of influencing or motivating people to work towards the achievement of the organisations objectives.
. In order to be an effective leader they need to display characteristics of being interpersonal, informational and able to make decisions.
Explain the following characteristic of an effective leader: Interpersonal.
Being interpersonal refers to having people and social skills such as communication and emotional intelligence as well as active listening in order to operate effectively in a social setting.
Explain the following characteristic of an effective leader: Informational.
. Being informational refers to obtaining the required knowledge and being effective in the sharing of knowledge.
. For example, being able to communicate an appropriate answer to an employee if they have a question.
Explain the following characteristic of an effective leader: Decision making
. is the ability to identify a situation which requires a resolution and evaluate possible available options in response to it
. and choose the course of action that is most appropriate and effective.
Describe the key management role of controlling.
. Controlling is the process of evaluating performance by comparing what was intended to happen with what has actually occurred
. and then taking corrective action to ensure that the set objectives are being achieved.
. Therefore performance must be measured (Eg. PI) and compared to a benchmark
. A control process is used to see if there is any discrepancy between performance and objectives and if this happens to be the case then changes and improvements must be made.
What are the steps in the control process?
- setting financial and non-financial standards in line with the objectives of the organisation.
- measuring performance - done through observation, against those standards or benchmarks.
- identifying and investigating any deviations (may be + (increase in sales) or - (decrease in sales)
- make changes where necessary - to ensure the objectives established in step 1. have been met.
What are control systems?
Control systems include any practices evaluating performance. Traditional management control involved checking procedures and products at the end of the production process. The concept of control throughout the whole process is quite new but it growing on organisations.
Examples: TQM, quality control, financial control (budgets), cost control and a balanced scorecard.