AEM2200-0826ToPost - AEM2200 Introduction to Business...

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Unformatted text preview: AEM2200, Introduction to Business Management AEM2200, Friday 8/26 What is management? What is management? Functions of management Managerial roles and skills Management is The process used to accomplish organizational goals through planning, organizing, leading and controlling people and other organizational resources; Getting work done through others. Otherwise, management is what managers do Henry Mintzberg, “Managing” Sources of Authority Sources Traditional authority Charismatic authority Rational-legal authority Traditional Authority Traditional Traditional leaders are those whose authority is Traditional defined by custom and tradition. defined Emperors and kings would be traditional leaders. The weakness of traditional leadership is its The dependence upon precedent, the essence of tradition. Traditional leadership is likely to be inflexible. inflexible. Charismatic Authority Charismatic The charismatic leaders attract followers on the The basis of exceptional personal or moral qualities; basis Martin Luther King, Gandhi, Christ, Mohammed. Charismatic leadership suffers succession Charismatic upheaval when the leader dies. It may also suffer problems when the leader ages. suffer Charismatic authority is unstable; either Charismatic disappearing or reverting to traditional or rational-legal authority. rational-legal Rational-Legal Authority Rational-Legal Leadership based on purposeful reasoning and Leadership formally defined, accepted structures of rules and procedures. and The power of those in authority depends on their The acceptance of due legal process and qualification Ownership according to purposeful, agreed rules Ownership Appointment on technically defined grounds (merit Appointment and technical expertise) Election Election Membership of a decision-making group and Membership adherence to the rules of decision-making. Two fundamental objectives of management Efficiency Getting work done with a minimum of effort, expense, and waste. Effectiveness Accomplishing tasks that help fulfill organizational objectives Functions of Management Functions Planning Organizing Leading Controlling Functions of Management: Planning Functions Setting organizational goals and strategies to Setting attain those goals; attain Determining the resources needed to attain Determining goals; goals; Setting standards. Functions of Management: Organizing Functions Allocating resources, tasks, and procedures for Allocating achieving goals; achieving Preparing an organizational structure that Preparing defines authority and responsibility; defines Recruiting, selecting, training, developing and Recruiting, placing employees. placing Levels of Management Levels Responsibilities of Each Management Level Responsibilities Top Management Change Commitment Culture Environment First-Line Management Middle Management Resources Objectives Coordination Subunit performance Strategy implementation Non-managerial worker Non-managerial supervision supervision Teaching and training Scheduling Facilitation Team Leaders Facilitation External relationships Internal relationships Functions of Management: Leadership Functions Guiding and motivating employees to work Guiding effectively to accomplish organizational goals and objectives; and Giving and explaining assignments; Clarifying policies and giving feedback. Functions of Management: Control Functions Measuring performance against corporate Measuring objectives; objectives; Rewarding outstanding performance; Taking corrective action. The Management Cycle Planning Controlling Organizing Leading When you do not remember principles: The Management Cycle The Planning Starbucks Organizing Citigroup Leading General Motors Controlling Citigroup Managers Manage Managers Information People Actions From Mintzberg, Henry; “Rounding Out the Manager’s Job”, Sloan Management From Review, Fall 1994, 11-26 Review, Management Skills Management Technical skills The ability to perform tasks in a specific discipline or The department; department; Human relations skills Communication and motivation, the ability to work Communication through and with people; through Conceptual skills Ability to picture the organization as a whole and the Ability relationship among its various parts. relationship Take Aways Management is getting work done through others. Good management is getting work done efficiently and effectively through other. The management cycle consists of the managerial functions of planning, organizing, leading, and controlling. The fundamental managerial skills are technical skills, human skills, and conceptual skills. ...
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This note was uploaded on 10/21/2011 for the course AEM 2200 taught by Professor Perez,p.d. during the Spring '07 term at Cornell.

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