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Topic
Learning Outcome
Tell who managers are and where they work Define management Describe what managers do Explain why its important to study management Describe the factors that are reshaping and redefining management
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Managers
Individuals in organizations who direct the activities of others.
Eg. Manager - production, purchasing, a/c.
Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall. 1-6
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What is Management?
Management
The process of getting things done effectively and efficiently, with and through people
Effectiveness
Doing the right things, doing those tasks that help an organization reach its goals (ends)
Efficiency
Concerned with the means, efficient use of resources like people, money, and equipment Most output with least input - cost (means)
Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall. 1-10
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Leading
Controlling
Interpersonal Roles
Figurehead, Leader, and Liaison
Informational Roles
Monitor, Disseminator and Spokesperson
Decisional roles
Entrepreneur, Disturbance Handler, Resource Allocator and Negotiator
Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall. 1-16
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We all benefits from efficiently and effectively run business. Well managed organization prosper even in challenging economic times. After graduation most students become managers or are managed (career)
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Summary
Managers and Management : Who are managers and where do they work? What is management? What do managers do? Why study management? What factors are reshaping and redefining management?