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
you will have an insider’s understanding of how to deal with organizations from the outside
- this helps to understand how different organizations work and how people in them make decisions
you will know from experience how to relate to your supervisors
better interact with co-workers
be able to manage yourself and your career
might make more money during your career
Rewards of Practicing Management
you and your employees can experience a sense of accomplishment
stretch abilities and magnify range
you can build catalog of successful products or services
become a mentor and help others
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
- mentor: experienced person who provides guidance to someone new to the work world