Contemporary Management Overview

Introduction to Management

• Course title: Contemporary Management
• Authors: Gareth R. Jones, Jennifer M. George
• Edition: Eleventh
• Instructors: Dr. Yomna Sameer, Dr. Ola Wazir

Assessment

• Case Presentation (In Class): 5%
• In Class Assignment: 5%
• Project Phase 1: 5%
• Project Phase 2: 5%
• Project Presentation: 5%
• Quizzes (2 Quizzes): 10%
• Midterm Exam: 25%
• Final Exam: 40%

Winter 2024 Semester Plan

• Detailed schedule listing lectures, chapters, tutorials, and related readings for each week.
• Includes specific dates and times for lectures and tutorials
• Shows what material will be covered each week

Learning Objectives

• Objective 1: Describe management, its importance, managerial roles, and effective resource utilization for achieving organizational goals.
• Objective 2: Differentiate and explain the importance of planning, organizing, leading, and controlling, and how these managerial tasks influence organizational performance.
• Objective 3: Differentiate between different management levels, outlining tasks and responsibilities for each level within an organizational hierarchy.
• Objective 4: Explain managerial skill divisions and their rationale for departmentation to maximize efficiency and effectiveness..
• Objective 5: Describe major changes in contemporary management practices and how globalization and advanced information technology play a part.
• Objective 6: Discuss significant challenges managers currently face in a highly competitive global economy.

What is Management?

• Organizations: Groups of people working together to coordinate actions and achieve various goals.
• Managers: Responsible for overseeing the use of organizational resources to meet company goals.
• Management: Encompasses planning, organizing, leading, and controlling of resources to effectively and efficiently achieve company goals.
• Resources: Include people (skills, know-how, experience), machinery, raw materials, IT, patents, financial capital, loyal customers, and employees.
• Example of a resource allocation strategy: Microsoft improving its corporate mission to align with technological advancements.
• Efficiency: Effective use of resources.
• Effectiveness: Achieving appropriate goals successfully

Achieving High Performance: A Manager's Goal

• Organizational performance: Measure of how efficiently and effectively managers use resources to meet customer and organizational goals.
• Example: Microsoft's revised mission statement impacting employee morale, product quality, and stock market value.
• Efficiency example: UPS optimizing delivery times by adjusting truck door usage.
• Effectiveness example: Microsoft restructuring to lessen competition issues and improve employee morale.

Management Tasks

• Planning: Deciding on organizational goals, strategies, and resource allocation to accomplish those goals.
• Organizing: Structuring task and reporting relationships to coordinate and motivate workers toward organizational goals.
• Leading: Motivating and coordinating individuals to achieve organizational objectives using personality, power, influence, persuasion and communication.
• Controlling: Evaluating effectiveness and success of organizational goals and using feedback to adjust as needed.

Figure 1.1

• Visual representation of efficiency and effectiveness in organizations
• Illustrates how differing combinations of efficient and effective practices impact organizational performance.

Why Study Management?

• Personal Experience: Learning from personal experiences and those of others.
• Economic Benefits: High earning potential for managers compared to other positions.
• Non-work Benefits: Applying management principles in non-work situations.