Introduction to Management and OrganizationsIntroduction to Management
ObjectivesBy the end of this lecture, the learners will be able to…0Define management.0List manager’s most important resources.0 Identify the 3 styles of management.0Recall the importance of management.0Label the management pyramid.0Explain the different types of managers.0Describe five functions of management.
Episode of “The Office”
0http://www.hulu.com/watch/239948/the-office-dwight-k-schrute-acting-manager
What is Management?
0Direction: Discuss with your peers.
Definition of Management
0The process of achieving desired results through the efficient utilization of human and material resources.
Two Key Concerns
1.Effectiveness2.Efficiency
Example:
0Ford Motor Co. who owned Jaguar in 02 decided to trim costs in the British unit by using a Ford midsize chassis (Ford Taurus) for its Jaguar x-type sedan. At the same time they dropped the price on the x-type to less than 30k to attract more buyers. However, consumers were unimpressed and commented that the x type had no pizzazz. In fact, your humble instructor called it the Taurisation of the x-type. Sales of the x-type lagged.
Answer
0Ford’s actions were? Ineffective but efficient.
Important Resources
0Material Resources0Informational Resources0Human Resources < Most Important!0Financial Resources
Is Management Art or Science?
3 Styles of Management
0Democratic0Autocratic0Laissez-faire
Importance of Management
0The Industrial Revolution0The economic effects0Unskilled laborers0Control03 things caused by revolution0Business failure?
Management Pyramid
First Line ManagersMiddle ManagersTop Managers
Line vs. Staff Managers
0Line: responsible for activities that directly affect the transformation process0Staff: support the line managers efforts through their special expertise.
Functional vs General
0Functional: responsible for one area of activity0General: responsible for many different areas of activity.
Administrators vs Managers
0Administrators: another name for a manager who manages in the public or not for profit sector0Manager: manages in the private or profit sector.
Functions of Management
0Planning0Organizing0Staffing0Leading0Controlling
Pop Quiz!