Managers and Managing
Definition of Management:
Management is working with and through individuals and groups
in order to achieve
A person can only manage 7 people, depending on the situation more or less.
Maslow says we all have the same needs, but where we place our emphasis differs.
Most decision making is made in groups. Groups/teams have certain expectation of it's members.
The goal is the long term desired result.
The objective is the short term desire to achieve the desired goal.
-planning, organizing, leading, controlling
accounting, finance, operations, management, human resources management, marketing
Process of Management:
Vision->Mission Statement (Philosophy, Purpose, Reason for Existence)
Mission Statement is affected by : Money, Ethics, Laws, Political, Resources,
Management, Social, Market Demand, Economy, Technology, etc
Goals (long-term) must be reasonably achievable, challenging, time frame, specific,
measurable, set by the people trying to achieve it.
Goals and objectives are tied into performance appraisals
Planning is a detailed course of action:
1)Policy is a guideline
2)Procedure is the sequence of steps to reach the procedure
3)Rules and regulations
Planning can go two ways: