Management Chapter Summaries

Management Chapter - CHAPTER 1 Management Coordination and oversee of the work activities of others so that their activities are completed

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CHAPTER 1 Management : Coordination and oversee of the work activities of others so that their activities are completed efficiently and effectively. Manager : Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished. The one who makes decision under uncertainties. Managerial Levels : Top managers, Middle Managers, Top-Line Managers, Non-Managerial Employees. Efficiency : Getting the most output from the least amount of inputs. Doing things right. The Means of getting things done. Effectiveness : Doing those work activities that will help the organization to reach its goals. Doing the right things. The ends; attainment of organizational goals. Management Functions : Henri Fayol says that all managers perform five functions: planning, organizing, commanding, coordinating, and controlling. Today, they are mentioned as POAC only: 1. Planning: Define goals, establish strategies, and develop plans to integrate and coordinate activities. 2. Organizing: Determine what tasks to be done, who do them, how they are done, etc. 3. Leading: Motivates subordinate, resolve group conflicts, influence to work well, communication, dealing with behavioral issues. 4. Controlling: Monitoring and evaluating the performance. Management Roles : Henry Mint berg suggests that a manager can work at optimum level if he/she considers doing the 10 different interrelated roles: 1. Interpersonal: Figurehead, Leader, Liaison
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This note was uploaded on 09/25/2010 for the course FEUI ACCT01 taught by Professor Prof.steve during the Spring '10 term at Indonesian Computer University.

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Management Chapter - CHAPTER 1 Management Coordination and oversee of the work activities of others so that their activities are completed

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