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Chapter I outline

Chapter I outline - Chapter I The Breakdown of Management 1...

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Chapter I The Breakdown of Management 1. Organizations – Groups of people that collaborate together and synchronize with each other to accomplish a range of shared goals and desired future results. 1. A manager is one of the members of the in the organization that have the ultimate responsibility of utilizing the other members of the group and the resources to achieve these outcomes. 2. Management - The process of planning, leading, organizing and controlling the organizations most effectively and efficiently. 2. A Manager’s Goal is to Achieve High performance 1. Organizational performance – An evaluation of a manager’s performance in achieving the highest performance for its organization in terms of customer satisfaction and use of resource. This is measured in terms of efficiency and effectiveness. 2. Efficiency – A measure of whether or not resources are used to their full capacity. It is generally shown through the productivity of a company. 1. The input to resource ratio can help evaluate the efficiency of an organization 2. Managers are responsible in making sure that their team performs all their tasks with the highest possible efficiency 3. Effectiveness – A measure of whether or not managers have chosen “appropriate” goals for an organization and the extent of accomplishment of those goals. 1. Organizations are considered effective when the goals made by the managers are achieved. 3. Studying Management 1. In any society, resources are considered to be scarce. The scarcity of these resources relate directly to the well being of the society itself. In order to use the resources most effectively and efficiently, we have managers to decide how to allocate these resources. 2. Although not everyone is interested in being a manager, they should study it because it teaches them about the relationships between managers and their associates. This understanding will enable people to be able to work together more efficiently and effectively. 3. Someone who has had experience with management courses is seen as more “promotable”. 4. Essential Management Tasks 1. Planning, Organizing, Leading, Controlling – All managers responsible for these four tasks – Execution of these four tasks determine the effectiveness and efficiency of a manager.
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2. Planning – This is the step where managers develop and choose goals that they deem appropriate for the organization. They create strategies for the highest performance rate in this stage. 1. Three steps to planning 1. Choosing the goals the organization wants to achieve 2. Choosing the strategies that best fit those goals 3. Choosing how to use resources most efficiently with those strategies 2. Planning determines an organization’s performance level.
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