mgt111 chapter 7

mgt111 chapter 7 - MGT 111 MANAGEMENT, LEADERSHIP AND...

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MGT 111 MANAGEMENT, LEADERSHIP AND EMPLOYEE EMPOWERMENT o MANAGERS’ ROLES ARE EVOLVING o Today, management is more progressive. o Such managers are educated to guide, train, support, motivate, and coach employees rather than to tell them what to do. o More emphasis on team building thn discipline or order giving o Functions of Management o Management : process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources. o Planning: anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives. o Organizing: a management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organization’s goals and objectives. o Leading: creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization’s goals and objectives. o This function (leading) was once known as directing. In many small firms, that still is the role but in large modern firms, managers no longer tell people exactly what to do because knowledge workers and others often know how to do their jobs is better than the manager does. o Controlling involves establishing clear standards to determine whether an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not. o Vision: more than a goal. It’s an encompassing explanation of why the organization exists and where it’s trying to go. A vision gives the organization a sense of purpose and a set of values that, together, unite workers in a common destiny. o Mission Statement: an outline of the organization’s fundamental purposes.
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The organization’s self-concept Company philosophy and goals Long-term survival Customer needs Social responsibility The nature of the company’s product or service
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mgt111 chapter 7 - MGT 111 MANAGEMENT, LEADERSHIP AND...

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