Matakuliah Tahun : J0712 - Pengantar Bisnis : 2009 Effective Management Pertemuan 05 Effective Management •Outline: –Who are Managers? –Managerial level –Managerial function –Integrative managerial function –Managerial expertise –How do managers manage time Bina Nusantara University 3 Who Are Managers? • All corporations depend on effective management, thus all organizations require effective managers. • All Managers Perform The Same Basic Functions – Plan – Organize – Direct – Control Bina Nusantara University 4 What Are Goals? • Objectives that a business hopes and plans to achieve • Reasons for goals: – Direction/Guidance – Resource Allocation – Define Corporate Culture – Assess Performance Bina Nusantara University 5 Kinds of Goals • Mission Statement – Why Organization Exists & How It Will Operate – Long-Term = 5 Years + – Intermediate = 1 - 5 Years – Short-Term = Less Than 1 Year Bina Nusantara University 6 What Is Strategy? • Broad set of organizational plans for implementing the decisions made for achieving organizational goals. Bina Nusantara University 7 Types of Strategy • Corporate strategy determines the firm’s overall attitude toward growth and the way it will manage its businesses or product lines • Business (or Competitive) strategy takes place at the business-unit or product-line level and focuses on a firm’s competitive position • Functional strategy involves managers in specific areas who decide how best to achieve corporate goals through productivity Bina Nusantara University 8 What Is Strategy Formulation? • Creation of a broad program for defining and meeting an organization’s goals. Bina Nusantara University 9 Formulating Strategy • Define & Meet Organization’s Goals • Strategic Goals • Strengths Weaknesses Opportunities Threats • Environmental Analysis • Organizational Analysis Bina Nusantara University 10 A Hierarchy of Plans • Strategic plans reflect decisions about resource allocations, company priorities and steps needed to meet strategic goals • Tactical plans are shorterrange plans for implementing specific aspects of the company’s strategic plans • Operational plans set shortterm targets for daily, weekly or monthly performance Bina Nusantara University Strategic Tactical Operational 11 What Is Management? • Process of planning, organizing, directing and controlling an organization’s resources to achieve its goals. – Planning determines what an organization needs to do and how best to get it done – Organizing determines how best to arrange an organization’s resources and activities into a coherent structure – Directing involves guiding and motivating employees to meet an organization’s objectives – Controlling monitors an organization’s performance to make sure that the firm is meeting its goals Bina Nusantara University 12 Types of Managers • Top managers are responsible to the board of directors and stockholders for a firm’s overall performance and effectiveness • Middle managers are responsible for implementing the strategies, policies and decisions made by top managers • First-line managers are responsible for supervising the work of employees Bina Nusantara University Top Middle First-Line 13 Areas of Management Human Resources- Hire/Train Operations- Systems Marketing- Get Products & Services From Producer To Consumer Information- Gather, Organize, & Distribute Information Financial- Accounting & Finance Other Bina Nusantara University 14 Basic Management Skills • Technical skills are needed to perform specialized tasks. • Human relations skills are required in understanding and getting along with other people. • Conceptual skills are abilities to think in the abstract, diagnose and analyze different situations and to see beyond the present situation. • Decision-making skills include the ability to define problems and select the best course of action. • Time management skills are associated with the productive use of time. Bina Nusantara University 15 Basic Skills- Technical Programming Accounting Bina Nusantara University Architect 16 Basic Skills- Human Relations Bina Nusantara University 17 Basic Skills- Conceptual Bina Nusantara University 18 Basic Skills- Decision-Making Define Problem Evaluate/Select Alternative Implement & Evaluate Bina Nusantara University 19 Basic Skills- Time Management • Paperwork • Telephone • Meetings • E-mail Bina Nusantara University 20