01 - MGMT - Chapter01 Note-Taking Aid

01 - MGMT - Chapter01 Note-Taking Aid - 1 Roadmap What is...

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Roadmap What is management? Functions of management Types of managers Management roles Management competencies
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What is Management?
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Management and Managers Management is the art of getting work done through others Managers give organizations a sense of purpose and direction, create new ways of producing and distributing goods and services, and, through their actions, change how the world works.
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Efficiency vs. Effectiveness Efficiency: Effectiveness: getting work done with a minimum of effort, expense, or waste accomplishing tasks that help fulfill organizational objectives
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Functions of Management Controlling Planning Leading Organizing
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Planning Planning – determining organizational goals and a means for achieving them It is a formal process whereby managers - choose goals - identify actions - allocate responsibility for implementing actions - measure the success of actions - revise plans Planning is used to develop overall strategies Planning <> Organizing <> Leading <> Controlling
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Strategizing Strategizing is a part of planning, but it is more than just planning – it involves constantly thinking through strategic alternatives Anyone can strategize and strategies can emerge at all levels Planning <> Organizing <> Leading <> Controlling
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The Evolution of Starbucks Planning <> Organizing <> Leading <> Controlling
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Organizing Organizing involves deciding: Where will decisions be made? Who will perform what jobs and tasks? Who reports to whom?
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This note was uploaded on 06/29/2011 for the course MANA 3335 taught by Professor Carlin during the Fall '08 term at University of Houston.

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01 - MGMT - Chapter01 Note-Taking Aid - 1 Roadmap What is...

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