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Introduction To Principles of Management

The document provides an overview of management principles including: 1) Defining management as "the art of getting things done through the efforts of other people" and outlining the planning-organizing-leading-controlling (P-O-L-C) framework. 2) Explaining the different types of managers such as top, functional, supervisory, and general managers. 3) Describing the ten managerial roles including interpersonal, informational, and decisional roles. 4) Discussing the importance of leadership, entrepreneurship, and strategic management to the principles of management.

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Ben Mekpor
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72 views

Introduction To Principles of Management

The document provides an overview of management principles including: 1) Defining management as "the art of getting things done through the efforts of other people" and outlining the planning-organizing-leading-controlling (P-O-L-C) framework. 2) Explaining the different types of managers such as top, functional, supervisory, and general managers. 3) Describing the ten managerial roles including interpersonal, informational, and decisional roles. 4) Discussing the importance of leadership, entrepreneurship, and strategic management to the principles of management.

Uploaded by

Ben Mekpor
Copyright
© © All Rights Reserved
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Overview

• What is management?

• What are principles of management?

• Who are managers?

• Ten managerial roles

• Leadership, entrepreneurship and strategy

• The P-O-L-C framework


What do I get after?

• Learn who managers are and about the nature of their work.

• Know why you should care about leadership, entrepreneurship,


and
strategy.

• Know the dimensions of the planning-organizing-leading-


controlling (PO-L-C) framework.
What is management and principles of management?

• Management is “the art of getting things done through the efforts of


other people.”

• The principles of management are the means by which you actually


manage, that is, get things done through others—individually, in
groups, or in organizations.

• Principles of management are the activities that “plan, organize, and


control the operations of the basic elements of [people], materials,
machines, methods, money and markets, providing direction and
coordination, and giving leadership to human efforts, so as to
achieve the sought objectives of the enterprise.”
Who are managers?
Who are managers?

• Top managers are responsible for developing the organization’s


strategy and being a steward for its vision and mission.

• Functional managers are responsible for the efficiency and


effectiveness of an area, such as accounting or marketing.

• Supervisory or team managers are responsible for coordinating a


subgroup of a particular function or a team composed of members
from different parts of the organization.

• A line manager leads a function that contributes directly to the


products or services the organization creates.

• A staff manager, in contrast, leads a function that creates indirect


inputs. They play a supporting role.
Who are managers?

• A project manager has the responsibility for the planning, execution,


and closing of any project.

• A general manager is someone who is responsible for managing a


clearly identifiable revenue-producing unit, such as a store, business
unit, or product line.
• General managers typically must make decisions across different functions and
have rewards tied to the performance of the entire unit.
Ten Managerial Roles

•
Ten Managerial Roles

• Interpersonal role
• Figurehead- the manager represents the organization in all
matters of formality.

• Leader- defines the relationships between the manager and


employees.

• Liaison- the manager interacts with peers and people outside


the organization.
Ten Managerial Roles

• Informational role
• Monitor- the manager receives and collects information.

• Disseminator- the manager transmits special information into the


organization.

• Spokesman- the manager disseminates the organization’s


information into its environment.
Ten Managerial Roles

• Decisional role
• Entrepreneurial- the manager initiates change.

• Disturbance handler role- the manager deals with threats to the


organization.

• Resource allocator- the manager chooses where the organization


will expend its efforts.

• Negotiator- the manager negotiates on behalf of the


organization.
Leadership, Entrepreneurship and Strategy

• The principles of management are drawn from three specific areas—


leadership, entrepreneurship, and strategic management.

• Leadership should be defined as the social and informal sources of


influence that you use to inspire action taken by others.

• A look at “Views on Managers Versus Leaders”. (Page 19)

• Entrepreneurship is defined as the recognition of opportunities


(needs, wants, problems, and challenges) and the use or creation of
resources to implement innovative ideas for new, thoughtfully
planned ventures.

• Strategy is the central, integrated, externally-oriented concept of


how an organization will achieve its objectives.
The P-O-L-C Framework

• To help managers respond to the challenge of creative problem


solving, principles of management have long been categorized into
the four major functions of planning, organizing, leading, and
controlling (the P-O-L-C framework).

•
.
The P-O-L-C Framework

• Planning is the function of management that involves setting


objectives and determining a course of action for achieving those
objectives.

• Organizing is the function of management that involves developing


an organizational structure and allocating human resources to
ensure the accomplishment of objectives.

• Leading involves the social and informal sources of influence that


you use to inspire action taken by others.

• Controlling involves ensuring that performance does not deviate


from standards.
Reflection for the day

• Give four (4) reasons why you think every organization need
managers.

.
Any Questions?

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