BUSINESS MANAGEMENT WEEK 1-2

Management

To run a practice, architects also need to be competent in?

Management

it is getting the work done through others

Efficiency

getting work done with minimum of effort, expense or waste

Effectiveness

is accomplishing tasks that help fulfill organizational objectives such as costumer service and satisfaction

Planning

involves determining organizational goals and a means for achieving them.

Organizing

deciding where decisions will be made, who will do what jobs and tasks, and who will work from whom

Leading

Inspiring and motivating workers to work hard to achieve organizational goals.

Controlling

monitoring progress toward goal achievement and taking corrective action when needed

Top Managers

they are responsible for change, commitment, and the overall environment

Middle Managers

they are responsible for the resources, coordination, subunit performance, and strategy implementation

First-Line Managers

they do the scheduling, training, nonmanagerial worker supervision

Team Leaders

they do the facilitation, int. and ext. relationships

Sole Proprietorship

legal structure that is single-owned

Partnership

legal structure that can be 2-20 members

Corporation

can have 2-50 members but has double taxation

collaboration, peer review, employee feedback on ideas and work process

Vineet Nayar believes on what work ethic?

managers, leaders, and entrepreneurs

Architects are not just designers, they are also?

Financial viability, client relationship, team capacity, and ethical responsibilities

when accepting a project, one must consider what factors?

Highly competitive industry

first challenge in architectural practice?

Financial management issues

second challenge in architectural practice?

High risks in practice and construction

third challenge in architectural practice?

firm’s assets go home at night

fourth challenge in architectural practice?

reliance on complex digital platforms

fifth challenge in architectural practice?

highly sensitive to economic cycles

sixth challenge in architectural practice?

Complexity of planning, designing, and building projects

seventh challenge in architectural practice?

CEO, VP, Corporate Head

samples of Top Managers

General manager, Plant manager, Regional manager

samples of Middle Managers

office manager, shift supervisor, department manager

samples of First-Line Managers

team leader, team contract, group facilitator

samples of Team Leader