Management Principles PDF

Managers managing Organizations D People who work together to achieve goals Managers D The people responsible for supervising the use of an organization's resources to achieve...

Managers managing Organizations D People who work together to achieve goals Managers D The people responsible for supervising the use of an organization's resources to achieve goals Managment D planning organizing leading Controlling of human otherresources to achieve goals effectively efficiently Resources D include tteok skills know how to experience machinery raw materials Computers financial capital etc Organizational performance D A measure of how efficiently It effectively managers use resources to achieve goals Efficiency D how well resources are used to achieve goals D produce more with less waste the more waste resources the less efficient you are I am Effectiveness D measure of appropriateness of thegoals an organization is pursuing thedegree to which they're achieved make societybett Why study management to use our resources efficiently effectively to make to deal with people better to have a satisfying career with highsalary 4 tasks of management set the goal allocate organizational planning resources set thesteps what is needed establish tasks authority Organizing between peoplebased on their skills leading v a leader coordinate guide motivate and encourage  Controlling performance u by monitoring evaluating how well are we doing as a Company continue the good job benchmarking o set a standard for achieving thegoal Organizational structure tells u therrelationship between positions to make work easier Decisional Roles related to planning usingresources Entrepreneurs new projects to invest resources in Disturbance handler deal with unexpected events ex Corid 19 Resource allocator divide resources Negotiator reaching agreements betweenothers to solve problems Interpersonal Roles related to directions supervision Figurehead symbolizing the organization's mission achievement Leader og vide motivate encourage Liason linking between activities of people inside outside the organization Informational Roles obtain send info transmit only inside Department D when employees managers are working together on similar activities have similar skills levels of managers first line managers leading responsible for the daily supervision of the non managerial employees Middle managers Organizing supervises first line managers Responsible for finding new ideas to use resource Top managers Planing Responsible for the performance of all departments Create organizational goals Decide how different departments should interact monitor how well middle managers utilize to achieve goals Managerial skills Conceptual skills D related to analyzing a situation and discovering the caused effect of it Human skills D The ability to understand alter lead control the behavior of individuals groups  Technical Skills D any skill that is related to a particularjob Core Competency its departmental skill ability knowledge that helps the company beat it's competitors Restructuring D simplify shrink downsize an organization's operations to save lower costs D is to higher another company to Outsourcing do activities done by a company for lower cost Empowerment giving power by giving employees more authority responsibility to do their tasks competitive adv D a skill of or ability a company to beat it's competitors because of producing products more efficiently effectively Innovation Is coming with new ideas in a better way Turnaround management it's when a suffering company change their way of planning using it's resources to survive