ch1 - Slide 1 Principles of Management Summer 2010 Week 1...

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Slide 1 Principles of Management Summer 2010 Week 1 Management and Its Evolution Martin Spraggon Assistant Professor M.Sc., M.B.A., D.E.S.S., PhD
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Slide 2 Learning Objectives After reading this chapter, you should be able to: • Understand what management is. • Understand the challenges organizations face in the new millennium. • Identify today’s organizations’ characteristics • Specify the levels, functions and roles of managers. • Describe the different approaches to the study of management (early management thought, bureaucratic, administrative, behavioral perspective, etc.) • Interpret recent approaches to the study of management.
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Slide 3 The performance of organizations depends to a large extent on how their resources are allocated and their ability to adapt to changing conditions. Successful organizations know how to manage people and resources efficiently and effectively to accomplish organizational goals and to keep those goals in tune with changes in the external environment.
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Slide 4 Efficient or Effective? • A firm can be efficient by making the best use of people, money, physical plant, and technology ( “to do things right” ) • It is effective when goals are met and provide a sustained competitive advantage ( “to do the right things ” )
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Slide 5 What is management? • The American Management Association defines management as “the process of getting work done through people .” • Is the process of getting activities completed efficiently and effectively with and through other people. • Management is a process which seeks to create synergy with organizations and is often defined in terms of planning, organizing, controlling and leading of resources.
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Slide 6 What is management? • Management is responsible for activities such as: Infrastructure (accounting, finance, strategic planning), Human resource management (recruiting, training and development, compensation), Technology development (product and process improvement), Procurement (material acquisition), Marketing (market strategy, sales, services, etc.), Production (production chain, processes, etc.). • Management crosses cultural boundaries as several organizations operate internationally.
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Slide 7 What is management? • There is no point in acting efficiently if you are not effective. A good management style may be a blend of both efficiency and effectiveness. • Management styles can be viewed as either bottom-up, top-down, or collaborative processes.
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Slide 8 Leadership vs. Management? • Leadership is essentially related to a person's skills, abilities and degree of influence. • Leadership is the ability to “conceive and express
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ch1 - Slide 1 Principles of Management Summer 2010 Week 1...

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