2. Learning Outcomes
How organization use managerial resource to
achieve organizational goals
Distinguish among four functions of management
and its practice
Recognize the interpersonal, informational, and
decisional roles played by top level managers.
Apply the general skills needed to carry out
managerial responsibilities.
Integrate the major elements from the various
perspectives of management theory.
3. Why study Management
Help how to work and deal with co-workers
and in group team
How to lead co-workers
Solve conflicts between them
Achieve team goals
Increase performance
4. ……
Job of management is to help an
organization make the best use of its
recourses to achieve its goals
5. Definition
According to Harold Koontz,
“Management is an art of getting things done
through and with the people in formally
organized groups. It is an art of creating an
environment in which people can perform
and individuals and can co-operate towards
attainment of group goals
6. Definition
The attainment of organizational goals in
an effective and efficient manner through
planning , organizing , leading , and
controlling organizational resources.
9. Planning
Choose appropriate organizational goals
and courses of actions to best achieve
those goals
Decide which goals organization will pursue
Decide strategies to achieve those goals
Decide how to allocate resources to
achieve organizational goals
10. Planning
Example
Dell goal to sell an inexpensive PCs
Undercut the prices charged by other
companies like apple, compaq
Sell directly to customers by telephone
Micheal dell acllocate $5,000 to buy labour
and other resources
11. ……
In 2000s HP, Apple , Acer achieve
competitive advantage over Dell
performance, style and pricing
Dell follow low cost strategy
HP and Acer also lowered their cost, Dell
lost its competitive advantage
12. Organizing
Determining what needs to be done, how it
will be done and who is to do it
Organize people into deptt according to job
specific tasks
Example
Michael Dell hired 100 employees in start
Later after success he made more complex
structure
13. Leading
Leadership involves managers using
their powers , personality, influence
and communication skills to
coordinate people
outcome of leadership is highly
motivated and committed workforce
14. Controlling
Monitoring activities to ensure that they are
accomplished as planned
Example
HP and Acer learned how to reduce
operational cost
Dell lost its competitive advantage
16. Top Level Manager
(Strategic Managers)
The firm’s senior executives
with overall responsibility for
the firm.
Developing the company’s
goals
Focus on long-term issues
Emphasize the growth and
overall effectiveness of the
organization
Concerned primarily with the
interaction between the
organization and its external
17. .
Middle Level Managers
(Tactical Managers)
Responsible for translating the
general goals and plans
developed by strategic
managers into specific
objectives and activities.
Shorter time horizon
Coordination of resources
18. First Line managers
Supervise work of non-managerial
employees
Shift manager, district manager,
department manager
20. Conceptual skills
Top managers require best conceptual skills
Primary responsibility about planning and
organizing
Formal education and training help to develop
managerial skills
Steve job choose as CEO of apple because of his
ability to identify new opportunity
21. Human skills
Ability to understand, alter, lead and control
behavior of others
Ability to motivate , communicate and coordinate
with people
Learned through training as well as with experience
22. Technical Skills
Job specific skills required to perform particular type
of work
e.g manager of restaurant may be need cooking skills
Accounting and book keeping skills to keep record
of recipts and cost
Aesthetic skill to keep the restaurant looking
attractive for customer
25. Managing For Competitive Advantage
Cost competitiveness
costs are kept low enough so that you can realize profits and price
your products at levels that are attractive to consumers
key is efficiency - accomplishing goals by using resources wisely and
minimizing waste
Quality
excellence of a product, including its attractiveness, lack of defects,
reliability, and long-term durability
importance of quality has increased dramatically
must identify specific elements of quality to correct problems, target
needs, and deliver world-class value
26. Managing For Competitive Advantage
Speed
often separates winners from losers in world competition
speed became a vital requirement in the 1990s
requirement has increased
Innovation
the introduction of new goods and services
important to adapt to changes in consumer demands and
to new sources of competition
Best managers and companies delivering all four