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week 1. Welcome. Mgmt Functions

Details about management functions in businesses.

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gabriel
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15 views

week 1. Welcome. Mgmt Functions

Details about management functions in businesses.

Uploaded by

gabriel
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Welcome to MGMT 1003

Principles of Management
Day 1: Orientation
Work in groups of 4 people but
6 Similarities make sure it is people you don't
in a Group know well.

Talk amongst yourselves and find out


at least 6 things that every single
group member has in common with
the other members. Do not use
simple things like physical height,
hair colour, current clothing items
worn, etc. Have fun!
Course Objectives
• Describe the current dynamic environment
of management
• Discuss the importance of developing
organizational objectives
• Propose organizational structures for
specific businesses
Expectations

Participate in class
Attend class in-person or online
Prepare for class before you come
Communicate regularly w/team
Complete all tasks assigned
Be respectful of others
Management
Chapter 1
What is management?

Good management is the backbone of successful organizations. Managing an organization means


getting things done with and through other people to achieve its objectives.

Whether management is an art or science, will continue to be a subject of debate.

Management is a process of planning, organizing, leading and controlling the efforts of


organization members in using organizational resources so as to achieve organizational goals in
the most efficient and effective manner.

Managing life is not much different from managing an organization and this ‘art’ of management has
been with us from time immemorial.
Planning
+Planning means defining performance goals for the
organization and determining what actions and resources are
needed to achieve the goals. Through planning, management
defines what the future of the organization should be and how to
get there.

+Strategic plans vs Tactical plans


Organizing
+Once plans are made, decisions must be made about how to
best implement the plans.

+The organizing function involves deciding how the organization


will be structured (by departments, matrix teams, job
responsibilities, etc.).

+Organizing involves assigning authority and responsibility to


various departments, allocating resources across the
organization, and defining how the activities of groups and
individuals will be coordinated.
Leading
+ Nearly everything that is accomplished in an organization is done by
people. The best planning and organizing will not be effective if the people in
the organization are not willing to support the plan.

+ Leaders use knowledge, character, and charisma to generate enthusiasm


and inspire effort to achieve goals. Managers must also lead by
communicating goals throughout the organization, by building commitment to a
common vision, by creating shared values and culture, and by encouraging high
performance.

+ Managers can use the power of reward and punishment to make people support
plans and goals. Leaders inspire people to support plans, creating belief and
commitment. Leadership and management skills are not the same, but they can
and do appear in the most effective people.
Controlling
+Unexpected things will happen. Observing and responding to
what actually happens is called controlling.

+Controlling is the process of monitoring activities, measuring


performance, comparing results to objectives, and making
modifications and corrections when needed. This is often
described as a feedback loop.

+Controlling may be the most important of the four management


functions.
Functions of Management
A process is a set of activities that are ongoing and interrelated.

It is the responsibility of management to see that essential activities are done efficiently (in the
best possible way) and effectively (doing the right thing).

It is important to realize that the management process is not always linear. As the
management process proceeds, changes and modifications are made when unforeseen
events arise.
Who directs the functions in
management?
+ Although the four functions: Planning; Organizing; Leading; Controlling - have
been introduced in a particular order, it should be apparent that the different
activities happen at the same time in any one organization.

+ All managers perform all of these functions at different times, although a


manager’s position or level in the organization will affect how much of his or her
time is spent planning as opposed to leading or to controlling.

+ Leaders often step up as needed when a crisis or unexpected bump demands


immediate action.
Discuss:

‘To be a good manager, you


have to be born for the job.’
What are Managerial Skills
Simply, managerial skills are the knowledge and ability of the individuals in a
managerial position to fulfill some specific management activities or tasks.

This knowledge and ability can be learned and practiced. However, they also can
be acquired through practical implementation of required activities and tasks.

Therefore, you can develop each skill through learning and practical experience as
a manager.
Responsible for the overall
management of the organization
i.e.President

Responsible for translating top


mgmt’s overall plans into actions
for their own departments
i.e. Department Manager

Responsible for putting into action


the detailed plans developed by
middle management. Directs
operating employees
i.e. Supervisor
First-line; Operations Management

+Levels of Management
Interpersonal

Conceptual skills refer to an individual’s Human skills are essential to the success
Technical skills are associated
ability to perceive the organization as a of manager’s interaction with employees.
with the actual mechanics of a
whole and see how the various parts Managers must understand employee
job and may include the use of
work together to achieve long-range needs and motivate them to work toward
tools or specialized knowledge.
goals. Envision how their actions affect the goal of the organization. Accomplish
the entire organization. job through the work of others.
According to studies,
organizations that have poor
planning process, or worse, no
planning at all, are far more
likely to go bankrupt than
organizations that plan ahead.
Types of Plans
Why is planning essential?

Planning provides the organization a better sense of what it wants to achieve and
how it can achieve this. You essentially have more focus when you plan for things.

Planning ensures the proper utilization of the available resources and the ability to
understand how these should be used in order to achieve the goal.

A key part of planning is also the vital role it plays in reducing risks. When
management plans for the tasks ahead, they are looking at the situation and
detailing the possible pitfalls ahead.
DUMB Goals w/ Brendan Burchard

Dream-driven Uplifting Method-friendly Behaviour triggered

Developing
Have a vision Inspire more
practices of Remind us to
not just focus than just meet a
mastery chase it
on tasks deadline
towards
What are your
life goals?
S.M.A.R.T. or D.U.M.B.

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