INTRO TO MANAGEMENT Flashcards
the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources.
Management
What are the four management functions?
Planning, leading, organizing, controlling
identifying goals for future organizational performance and deciding on the tasks and use of resources needed to attain them. In other words, managerial planning defines where the organization wants to be in the future and how to get there.
Planning
involves assigning tasks, grouping tasks into departments, delegating authority, and allocating resources across the organization.
Organizing
the use of influence to motivate employees to achieve organizational goals. It means creating a shared culture and values, communicating goals to employees throughout the organization, and infusing employees with the desire to perform at a high level.
Leading
means monitoring employees’ activities, determining whether the organization is on target toward its goals, and making corrections as necessary.
Controlling
System theory
ludwig von bertalanffy
Principles of Administrative Management
miner and engineer henri fayol
Bureaucratic management
Max weber
Scientific management
frederick taylor
Theories X and Y
Douglas McGregor
Human Relations Theory
Elton Mayo
Contingency management
Fred Fiedler
It is more a perspective than a fully formed practice. It encourages you to realize that your business is a system and is governed by the same laws and behaviors that affect every other biological organization.
System theory
Concept of system theory
Entropy
Synergy
Subsystem
a top-down approach to examining a business. He put himself in his manager’s shoes and imagined what situations they might encounter when dealing with their team.
Principles of administrative management
Six responsibilities when managing employees:
- organize
- command
- coordinate
- control
- plan
- Forecast
ideas revolve around the importance of structuring your business in a hierarchical manner with clear rules and roles.
Bureaucratic management
promotes standardization, specialization, assignment based on ability, and extensive training and supervision. Only through those practices can a business achieve efficiency and productivity. This management theory attempts to find the optimal way to complete a given task, often at the expense of the employees’ humanity.
Scientific management
posits that employees are apathetic or dislike their work. Managers who adhere to _____ are often authoritarian and will micromanage everything because they don’t trust their employees. (large businesses)
Theories X
posits that employees are self-motivated, responsible, and want to take ownership of their work. Managers who adhere to _____ include their employees in the decision-making process and encourage creativity at all levels.
Theories Y
in which he states that employees are more motivated by social factors — like personal attention or being part of a group — than environmental factors, such as money and working conditions.
Human Relations theory
predicated on the idea that employees only have physical needs. Because employees can satisfy these physical needs with money, this Theory focuses solely on the economics of organizing workers.
Classical management
Key principles of classical management
• Profit maximization
• Labor specialization
• Centralized leadership
• Streamlined operations
• Emphasis on productivity
• Single-person or select-few decision making
• Priority to the bottom line
