Management (Week 1)

Organization

• A group of people who work together to achieve some specific purpose.

• Managers operate within many types of organizations.

Management

• The pursuit of organizational goals efficiently and effectively.

• Integrating the work of people.

• Planning, organizing, leading, and controlling the organization’s resources.

What is the art of management?

• Being an exceptional manager is that while a good part of it may be art, it is teachable.

• Management is “the art of getting things done through people.”

• Managers are task-oriented, achievement-oriented, and people-oriented.

• Good managers are concerned with trying to achieve both efficiency and effectiveness.

Why do organizations value managers?

Good managers create value.

As a manager, what is meant by the “multiplier effect”?

As a manager, your influence on the organization is far beyond the results that can be achieved by just one person acting alone.

What are the rewards of studying management?

• An insider’s understanding of how to deal with organizations from the outside.

• Knowledge from experience how to relate to your supervisors.

• Better interaction with co-workers.

• Ability to manage yourself and your career.

• Possibility to make more money during your career.

What are the rewards of practicing management?

• Experiencing a sense of accomplishment.

• Stretching your abilities and magnifying your range.

• Building a catalog of successful products or services.

• Becoming a mentor and help others.