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Intro To Business Chapter 2 Notes

Managers are responsible for getting work done through others, communicating effectively, building relationships, and making decisions. They must determine the best ways to motivate and organize employees. Effective management requires planning work and resources, monitoring activities, and continually improving processes based on feedback. Supervisors work directly with employees to assign and evaluate their work while ensuring goals and resources are communicated across all levels of the organization.

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0% found this document useful (0 votes)
154 views

Intro To Business Chapter 2 Notes

Managers are responsible for getting work done through others, communicating effectively, building relationships, and making decisions. They must determine the best ways to motivate and organize employees. Effective management requires planning work and resources, monitoring activities, and continually improving processes based on feedback. Supervisors work directly with employees to assign and evaluate their work while ensuring goals and resources are communicated across all levels of the organization.

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Management Roles

● Managers are responsible for getting the work to be done mostly by other people
● They can use threats to motivate their employees
○ Though this doesn’t always work
● They have to determine the best ways to work with their employees
● Management Role - Common set of activities that makes up an important part of a
manager’s job
● Managers need to be good communicators
○ Need to make sure that important information is gathered and shared with those
who need it
○ They communicate with people both inside and outside the organization
● They are relationship builders
○ They represent the company
○ Develop a positive environment within the organization
○ Interact with other teams and managers
● Decision Makers
○ Look for areas that could be improve
○ Determine best ways to allocate resources
○ Take corrective action and recognize success

Getting Work Done


● Resources of an organization include people, money, facilities, equipment, and materials
● Employees are most important research
● Managers use the management functions when getting work done
○ Planning: managers determine the number of employees needed to complete a
task
○ Organizing: managers divide employees into work teams based on the types of
tasks they are completing
○ Leading: managers lead staff in the implementation of plans
○ Controlling: managers monitor the work of employees

Principles of Effective Management


● As businesses change, what it takes to be an effective manager changes as well
● Management Principles: the fundamental guidelines for the decisions and actions of
managers
● 6 examples of effective management practices
○ Demonstrate commitment to the continued success of the organization
○ Take responsibility for developing and implementing plans to achieve goals
○ Identify the resources the organization needs
○ Organize and coordinate the work of the organization
○ Recognize the importance of employees an balance employee needs
○ Monitor activities and results to identify ways the organization can be improve
The Supervisor’s Job
● Work directly with non management employees
● Make sure work is assigned to the area of responsibility
● Subordinate - any individual who is subject to the authority and control of another
person
● Must command respect
● Success is determined by three factors:
○ The quality of work of the supervised employees
○ The efficient use of company’s resources
○ Satisfaction of the supervisor’s employees
● Responsibilities
○ Divide time between management work and other work
○ Responsible for fulfilling plans developed by company’s executives
○ Lead and motivate employees
○ Assign work to employees
● Communicate The Goals and Directions Of Management To Employees
○ Must be able to communicate effectively with employees
○ Good supervisors can show employees the importance of the company goals
○ Help employees see how they can accomplish their own goals by helping the
company succeed
● Explain Employee Concerns And The Ideas To Management
○ Supervisors must take time to talk with the people they supervise in order to
learn about their concerns and ideas
○ They must communicate what they learn to management and follow up to find
out what actions were taken
○ Employees like to work for supervisors who are concerned about them, they will
work harder for a company that is concerned about them, involves employees in
planning and decision making, and takes their ideas and suggestions seriously
● Evaluate And Improve Employee Performance
○ Need to be sure employees are as effective as possible
○ Regularly conduct performance reviews
○ Performance Review - Procedure used to evaluate the work and
accomplishment of an employee and provide feedback and performance
■ Can reveal employees strengths and weaknesses
○ Must be positive and objective when it comes to evaluations
○ Discuss evaluations with employees in ways that contribute to effective
understanding
○ Provide help for employees who aren’t performing well and rewards for
employees who are
○ Required to discipline employees when a serious problem occurs
● Encourage Employees To Do Their Best Work
○ How employees feel about their job affects their performance
○ Supervisors can help to create a comfortable atmosphere in which employees
can enjoy their work
● Use Resources Efficiently
○ Control costs of business
○ Good supervisors look for ways to operate and use resources more effectively
○ Seek advice from the employees
○ Make suggestions to managers how processes can be improved and costs can
be cut

Managing Day-to-Day Activities


● Supervisors must be able to complete their own work as well as manage the work of the
employees for whom they are responsible
● Several management functions are important for a day-to-day basis
● SCHEDULING WORK
○ Supervisors complete daily planning through the use of work schedules
○ Work Schedules: documents that identify the tasks to be done, employees
assigned to the work, and the time frame for completion of the task
○ Supervisors will have to decide what days of the week employees will work and
which tasks they will complete
○ Time Management: managing work schedules to achieve maximum productivity
● COMMUNICATING WITH EMPLOYEES
○ Supervisors communicate everyday with their employees
○ Some communications are with individual employees, while others are with the
entire work group
○ Electronic communications such as emails and text messaging are most
frequently used
○ Supervisors must plan the content of their communications and determine the
best method, place, and time to communicate information
● CONTROLLING QUALITY
○ Quality Control: the process of making sure work meets acceptable standards
○ Supervisors can reduce problems by planning work carefully, developing quality
standards, and regularly checking the quality of work being produced
○ Supervisors can help employees recognize the importance of quality work, so the
employees will take responsibility for reducing errors and directly helping to
control costs

Improving Supervisory Skills


● Supervisor’s should spend time working with their employees to help with improving their
work
● They shouldn’t take over their employees work
● Must rely on employees to complete tasks so they can focus on management activities
● Work Coach - Experienced manager who meets regularly with a new manager to
provide feedback and advice
● Supervisors should learn how to have the skills through classes and watching others
Using Management Information
● Management Information Systems - Computer-based system that stores, organizes,
and provides information about a business
● Every company needs a system
○ Computerized system can help managers
● What-if Analysis - Systematic way to explore the consequences of specific choices
using computer software
● Computer analysis will provide needed information to determine whether the purchase
would be cost-effective
● Managers use information systems to reduce amount of time spent on controlling
activities
● Should be involved only when activities are not occurring
● Business Research
○ Must make decisions with enough information to make a good decision
○ Marketing research and product development research are two common ways to
study
○ Human Resource Studies are conducted on topics like supply and demand of
labor
○ Managers need to research economic factors
○ Helps executives make decisions

Decision Making
● Decisions need to be made as carefully as possible for businesses
● Problems and Decision Making
○ Problem - Difficult situations requiring a solution
○ Managers should follow a systematic approach to solving problems
● Steps In Problem Solving
○ There are seven steps in problem solving
■ Identify the problem
■ Gather relevant information or data
■ Determine alternative course of action
■ Evaluate each alternative
■ Decide best possible alternative
■ Implement alternative chosen
■ Evaluate the decision over time, making changes down the road
○ Identify the Problem
■ Managers must be careful to not identify a symptom as a problem
■ Symptom - Sign or indication of something that appears to be the
problem
■ Symptoms can’t be changed unless the problem is identified
○ Gather Relevant Information
■ Once a problem has been identified then the manager will ask a series of
questions to gather data about the symptoms
■ Manager can use symptoms to help determine what type of information
needs to be gathered to isolate the problem
■ Sometime managers are unaware problems exist until its too late
■ When evidence appears it suggests a problem
○ Determine Alternative Course of Action
■ Once they identified the problem managers should begin to list all
possible solutions
■ Should identify more than one solution
■ Should also identify at least two alternatives
■ Managers should review solutions that have been used in the past
○ Evaluate Each Alternative
■ The next step in to analyze the solutions which can be done by
comparing solutions and then reducing the number of solutions to the
best two or three
■ Mangers should examine the strengths and weaknesses of each solution
on its own
■ Managers need to compare solutions by how effectively they will solve
the problem
■ For important decisions, managers may want to conduct an experiment to
test one or more solutions
○ Select an Optimal Solution
■ After careful consideration managers should make a decision and put it
into action
○ Implement the Decision
■ Must determine the best way to implement the solution
■ Managers need to prepare work schedules and communicate with
employees
○ Evaluate the Decision and Make Changes
■ Managers need to determine whether the selected solution was effective
■ The solution may cause additional unintended problems that require
changes in processes
■ Measuring the results over time to evaluate the decisions and
implementation and determine if changes are needed
● Contingency Planning
○ Managers do not wait for prob;ems to occur, instead, they anticipate problems
and work in advance to develop contingency plans
○ Contingency plan: an alternative course of action to be followed if a specific
problem arises
○ Similar to problem solving
○ Just like problem solving several alternative solutions should be found
○ Development of contingency plans require time and money

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