Week 1: Management, Managers and Managing

Question 1

what do managers do?

Answer 1

Plan
Organise
Leading
Control

Question 2

Top managers do?

Answer 2

– make long-term decisions, future oriented, need to be alert of long-term opportunities/problems, often known as CEO, president

Question 3

Middle managers?

Answer 3

– implement those decisions, supervise/coordinate first-line managers. Can be seen as barrier to quick decision making and risk to create mangers focused on ‘empire building’

Question 4

First line managers?

Answer 4

– make short-term decisions. Directing task of non-managerial personnel
or non-managerial personnel

Question 5

Functional managers?

Answer 5

o responsible for one activity
o Responsible for just one organisational activity
o E.g. Marissa Mayers (CEO of Yahoo), formally Google’s Vice President of Search Products and User Experience (specialised research and development activity)

Question 6

General managers?

Answer 6

o responsible for several organisational activities

o CEOs can be considered general managers

Question 7

roles of managers?

Answer 7

formal authority and status
interpersonal roles
informational roles
decisional roles

Question 8

list some challenges of Managing?

Answer 8

competitive advanatge
diversity 
globalisation
IT
ethical standards
sustainability