Chapter 1 Flashcards
(32 cards)
Management is the “ _________”.
Art of getting things done through people
A group of people who work together to achieve some specific purpose
Organization
(1) The pursuit of organizational goals efficiently and effectively by (2) integrating the work of people through (3) planning, organizing, leading, and controlling the organization’s resources.
Management
To use resources - people, money, raw materials, and the like - wisely and cost effectively.
Efficiency- the means
To achieve results, to make the right decisions, and to successfully carry them out so that they achieve the organization’s goals.
Effective - the ends
Being a manager means you have _______.
A multiplier effect
Your influence is being multiplied far beyond the results that can be achieved by just one person.
Multiplier effect
The rewards of studying management
(1) You will have an insider’s understanding of how to deal with organizations from the outside
(2) You will know from experience how to relate to your supervisors
(3) You will better react with coworkers
(4) You will know how to manage yourself and your career
The rewards of practicing management
(1) You and your employees can experience a sense of accomplishment
(2) You can stretch your abilities and magnify your range
(3) You can build a catalog of successful products or services
(4) You can become a mentor and help others
An experienced person who provided guidance to someone new to the work world
Mentor
Four management function
(1) Planning
(2) Organizing
(3) Leading
(4) Controlling
Setting goals and deciding how to achieve them
Planning
Arranging tasks, people and other resources to accomplish work
Organizing
Motivating, directing, and otherwise influencing people to work hard to achieve the organization’s goals
Leading
Monitoring performance, comparing it with goals, and taking corrective action as needed.
Controlling
Levels of Management
Top - Top Managers
Middle - Middle Managers
Bottom - First-line Managers
Very Bottom- Non-Managerial employees
Make long term decisions about the overall direction of the organization and establish the objectives, policies, and strategies for it.
Top Managers
Implement the policies and plans of the top managers above them and supervise and coordinate the activities of first line managers below them
Middle Managers
Make short term operating decisions, directing the daily tasks of non-managerial personnel
First Line Managers
Either work alone on tasks or with others on a variety of teams
Non-managerial employees
Responsible for just one organizational activity
Functional Manager
Responsible for several organizational activities
General Manager
Three types of organizations:
(1) For Profit
(2) Nonprofit
(3) Mutual Benefit Organization
Formed to make money by offering products or services
For Profit Organizations
