Unit-6--The-Principles-of-Management

Principles of Management - BTEC NATIONAL BUSINESS

Date: 2/09/2024

Page 1: The Principles of Management

• Units and principles in management focus on achieving organizational goals through effective leadership.

Page 2: Differences and Importance

1. Difference between a Manager and a Leader

   • Manager: Focuses on planning, executing, and controlling organizational tasks and processes.

   • Leader: Inspires, motivates, and provides a vision for the team/community.

2. Importance in Business

   • Both roles are crucial for operational success; managers ensure efficiency and stability, while leaders foster growth and innovation.

Page 3: Overview of Management Roles

• Managers shape business operations through effective management and leadership strategies.

• Their skill sets include:

  • Management of people

  • Financial resource management

  • Quality and resource management

  • Change management

• Effective planning and organizing significantly influence a business's success.

Page 4: Assessment Overview

• Assessment consists of Part A (preparation phase) followed by Part B (three-hour supervised assessment).

• Total marks: 88, set and evaluated by Pearson.

Page 5: Assessment Outcomes

• AO1: Understanding of management principles and theories.

• AO2: Application of knowledge to real-life scenarios.

• AO3: Analysis and evaluation of management data.

• AO4: Recommendations based on evidence.

Page 6: Learning Objectives on Management Definitions

A1: Definitions of Management and Leadership

• Management By Objectives - Aligning goals across all levels.

• Situational and Contingency Management - Adjusting styles based on context.

• Action-Centered Management - Focusing on tasks, team, and individual needs.

• Functional Management - Utilizing distinct areas of management expertise.

• Transformational and Transactional Management - Motivating through change vs. maintaining through rewards.

• Leadership Continuum - Exploring a spectrum from autocratic to free-rein leadership.

A2: Functions of Management and Leadership

• Planning, organizing, coordinating, controlling, monitoring, and delegating tasks.

• Establishing a positive business culture drives efficiency.

Page 7: Management by Objectives (MBO)

• MBO involves setting clear organizational objectives collaboratively with team members.

• Benefits of MBO include enhanced clarity in roles and alignment towards common goals.

Page 8: Situational and Contingency Management

• Developed by Blanchard and Hersey, this theory relates a leader's personality and behavior to varying situations.

• Key Term: Delegate - assigning responsibilities effectively;

• Key Term: Continuum - understanding gradual changes in leadership styles.

Page 9: Action-Centered Management

• Focuses on the interplay of: 1) goal achievement, 2) the team, and 3) individual contributions.

• Effective leaders maintain a balance among these elements.

Page 10: Knowledge Check - Action-Centered Elements

• Define the three elements mentioned above.

Page 11: Transformational vs. Transactional Management

• Transactional Leadership: Focuses on roles and day-to-day operations.

• Transformational Leadership: Drives motivation and vision alignment with the followers.

Page 12: Leadership Continuum Concept

• Originally developed by Tannenbaum and Schmidt, showing a spectrum of leadership behaviors from autocratic to free rein.

Page 13: Leadership Discussion Activity

• Discuss the advantages and disadvantages of various leadership styles in pairs.

Page 14: Definitions of Leadership Styles

• Tasks include defining and understanding various leadership concepts.

Page 15: Jeff Bezos Case Study Overview

• Bezos’s philosophy emphasizes customer satisfaction and self-reliance, highlighting unique leadership strategies.

Page 16: Discussion Points on Bezos

1. Identify his management style.

2. Explain the impact of his style on Amazon.

3. Personal agreement with his style and suggestions for changes.

Page 18: Functions of Management Detailed

• Emphasizes the importance of planning, organizing, and controlling operations and resources effectively.

Page 19: Ongoing Monitoring and Delegation

• Highlighting the necessity for ongoing performance evaluations and the significance of effective delegation.

Page 20: Knowledge Check - Mind Map Activity

• Create a mind map reflecting various management functions.

Page 21: Leadership Functions

• Key roles of leaders include:

  • Inspiring and energizing teams.

  • Influencing stakeholders and envisioning future success.

Page 22: Visioning and Success Path

• Discuss how leaders determine the best paths for achieving goals based on information and forecasting.

Page 24: Business Culture Influence

• Culture defines behavior norms, expectations, and employee interactions within a business.

Page 25: Definition of Business Culture

• Business culture is the collective behavior, values, and practices within an organization, affecting interactions and performance.

Page 26: Communication of Business Vision

• A clear vision ensures stakeholders align with the organizational goals; a breakdown might lead to culture decay.

Page 28: Influence of Culture on Policies

• Management communication styles and employee valuation depend largely on the established culture.

Page 30: Influence of Management Styles by Culture

• Cultural background affects management styles, from autocratic to participatory based on region and operational norms.

Page 32: Workforce Structure and Culture

• The way a workforce is organized affects cultural aspects, with hierarchical structures potentially fostering autocratic cultures.

Page 40: Laissez-Faire Leadership Style

• Characterized by minimal direction from managers, useful for skilled teams but potentially chaotic without oversight.

Page 41: Transactional Leadership Focus

• Managers reward compliance and performance adherence, focusing on organizational goals.

Page 42: Transformational Leadership Focus

• Leaders motivate and engage through vision alignment and enhancing employee strengths.

Page 44: Charismatic Leadership

• Relies on the leader's charm to inspire followership and action towards goals.

Page 55: Conflict Management Skills

• Key skills include identifying issues and effective listening.

Page 57: Interpersonal Relationships Skills

• Importance of honesty and empathy in nurturing workplace relationships.

Page 69: Outsourcing Impact on HR

• Businesses may outsource various functions to reduce costs and enhance efficiency, yet maintain core internal capabilities.