Ch01 MGMT

Manager

someone who coordinates and oversees the work of others in order to accomplish goals of the company

Holarchy

how to distribute/decision making so smaller divisions and departments are self driven VS hierarchy

nonmanagerial

supervised by the first line- supervised by the middle managers, supervised by the top managers

organization

a deliberate arrangement of people to accomplish goals

Why are managers important

help bring form and function to businesses, managerial skills critical to getting things done, make a difference in the overall performance and execution

management

involved coordinating and overseeing the work of activities of others and making sure completed activities are efficient and effective

efficiency

doing things right, getting the most output from the least amount of input

effectiveness

doing the right things, attaining organizational goals

management functions

planning, organizing, leading, controlling

Planning

defines the goals/plan/strategy and executes the plans to meet the goals

Organizing

arranging the people and structuring the work into a function to meet the goals

leading

motivating, working with people and making sure they have the skills/resources to meet the goals

Controlling

monitoring, comparing, and correcting work

Mintzbeerg

the 10 basic functions grouped into interpersonal, informational, decisional

interpersonal

figurehead, leader, liaison

Informational

monitor, disseminator, spokesperson

Decisional

making the critical choices for the business, resource allocators

Challenges in management

focus on remote/hybrid work, technology, and employee well-being

Management skills

technical, interpersonal, conceptual

Technical

knowledge and proficiency in a specific s=field

interpersonal

soft skills, people skills

Conceptual

broad range, big picture, how you can think critically in tricky situations