Business Management Chap 1 QUIZ

Organization

A deliberate collection of people brought together to
accomplish some specific purpose

Common Characteristics of Organizations

Goals, People, Structure

Nonmanagerial Employee

-Works directly on tasks

-Not responsible for overseeing other’s work

Managers

Direct and oversee the activities of others

May have work duties not related to overseeing others

What Titles Do Managers Have?

Top Managers, Middle Managers, First-line Managers, Team leaders, (supervisor)

Top Managers

Make decisions about the
direction of an organization

Middle Managers

Manage other managers

First-line Managers

Direct nonmanagerial employees

Team Leaders

Manage activities of a work team

What is Managment?

The process of getting things done effectively and
efficiently, with and through people

Effectiveness

Doing the right things DO RIGHT

Efficiency

Doing things right (getting results) DO FAST

Father of Scientific Managment

Frederick W Taylor

4 functions approach

planning, organizing, leading, controlling

Managment Roles Approach: Interpersonal

Figurehead, Leader, Liaison

Decisional

Entrepreneur, Disturbance Handler, Resource Allocator, Negotiator

Informational Roles

Monitor, Disseminator, Spokesperson

Figurehead

Managment there for small events (someone’s retirement party)

Leader

Keep people on track

Liaison

Exchanges info, to and towards (outside of company)

Monitor

Paying attention (to news, conferences)

Disseminator

Telling information to everyone within organization, keep employess informed and aligned.

Spokesperson

Communicate externally on behalf of company (media)

Entrepreneur

an individual who identifies an opportunity, develops a new idea for a product or service

Disturbance Handler

Dealing with issues

Resource Allocator

primarily responsible for making decisions about how resources are distributed across various projects or tasks

Negotiator

Have to make compromise, meetings

What Employability Skills Are Critical
for Getting and Keeping a Job?

critical thinking

communication

teamwork

knowledge applications and analysis

social responsibility

non proft vs profit

Does a manager’s role change based on their level in the organization?

Yes! Top managers focus on strategy, middle managers translate strategy into action, and lower-level managers handle day-to-day operations.

Does organization size affect what managers do?

Do management practices work the same worldwide?

Not always! Culture, laws, and traditions vary. Managers must adapt their style across countries.

Skills and Competencies

Conceptual- Analyze and diagnose

Interpersonal- Working well with others

Technical- Possessing expert job knowledge

Political- Political adeptness

Levels in Organization

First Level 3)

Middle Managers 2)

Top Managers 1)

First Level manager

Leading: 51%

Organizing 24%

Planning 15%

Controlling 10%

Middle Manager

Leading 36%

Organizing 33%

Planning 18%

Controlling 13%

Top Managers

Leading 22%

Organizing 36%

Planning 28%

Controlling 14%

What is management