Principles of Management

Principles of Management - Leading- motivating employees to...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Principles of Management: Chp 1 - Competitive Advantage : being better than competitors at doing valuable things for your consumers Factors: innovation- introduce new goods and services -Quality- excellence of your product -Service- giving people what they want and when they want it -Speed-fast and timely execution - Cost competitiveness- keeping costs low to achieve profits and offer profits attractive to consumers -Important to deliver ALL five - Management- the process of working with people and resources to accomplish organizational goals - need to be effective and efficient - Functions of management : planning, organizing, leading, controlling Planning- want to create value for stakeholders o Value- monetary amount associated with how well a job/good meets a users’ need Organizing- assembling and coordinating resources
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Leading- motivating employees to perform better Controlling- monitoring performance and making changes -Management levels : Top level senior executives- responsible for overall management Middle- translate goals into objectives Front-line supervise operational activities -Management skills-Technical being able to perform a specialized task -Conceptual being able to identify and resolve problems-Interpersonal - ability to communicate with others effectively -Emotional intelligence : skills of understanding yourself, managing yourself, and dealing effectively with others -Important to be: - a spet/generalist - self reliant -connected :-social capital-goodwill stemming from your social relationships...
View Full Document

Page1 / 2

Principles of Management - Leading- motivating employees to...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online