Introduction to Management

Key To Career Growth

• ability to take risks

Art of Management Defined

• management is the art of getting things done through people
• managers are task-oriented, achievement oriented, and people oriented
• management: pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization’s resources
  • efficiency: the means of attaining the organization’s goals
  • efficient: to use resources wisely and cost-effectively
  • effectiveness: the organization’s ends, the goals
  • effective: the achieve results, make right decisions, and to successfully carry them out so they can achieve organizations goals

Why Organizations Value Managers: The Multiplier Effect

• good managers create value through the multiplier effect
  • multiplier effect: effect on national income and product of an exogenous increase in demand
  • have influence

Rewards of Studying Management

1. you will have an insider’s understanding of how to deal with organizations from the outside

   1. this helps to understand how different organizations work and how people in them make decisions

2. you will know from experience how to relate to your supervisors

3. better interact with co-workers

4. be able to manage yourself and your career

5. might make more money during your career

Rewards of Practicing Management

1. you and your employees can experience a sense of accomplishment

2. stretch abilities and magnify range

3. you can build catalog of successful products or services

4. become a mentor and help others

   1. helping others doesn’t always mean doing everything for them, it means to assist them in their tasks and help them achieve them effectively and efficiently

      1. mentor: experienced person who provides guidance to someone new to the work world