Functions, Roles, and Skills of Managers Principles of Management LP 1 Why Study Management? • The better you can work with people, the more successful you will be in both your personal and your professional lives. – Employers want to hire employees who can participate in managing the firm. – Even nonmanagers are being trained to perform management functions. Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 1–2 What is a Manager? A manager achieves objectives through efficient and effective use of resources. • Efficient-doing things right • Effective-doing the right thing Principles of Management-LP1 3 Functions, Roles, and Skills Functions • Planning • Organizing • Leading • Controlling Roles • Interpersonal • Informational • Decisional Principles of Management-LP1 Skills • Interpersonal • Technical • Decision-making 4 Functions Planning • Setting objectives • Determining how they’ll be met Principles of Management-LP1 5 Functions Organizing • Delegating and coordinating tasks • Allocating resources Principles of Management-LP1 6 Functions Leading • Influencing employees to achieve objectives Principles of Management-LP1 7 Functions Controlling • Establishing mechanisms to make sure objectives are met • Implementing mechanisms to make sure objectives are met Principles of Management-LP1 8 Roles Interpersonal • The “figurehead” • The leader • The liaison Informational Decisional • The monitor • The entrepreneur • The disseminator • The disturbance • The handler spokesperson • The resource allocator • The negotiator Principles of Management-LP1 9 Exhibit 1–4 ● Ten Roles Managers Play Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 1–10 Skills Principles of Management-LP1 11 Skills Technical Skills • “Business skills” • Using methods and techniques to perform a task • Keeping up with the latest technology in your job Principles of Management-LP1 12 Skills Interpersonal Skills • “People skills” • Your relationships with all individuals and groups • Understanding • Communicating • Motivating • Resolving conflict • Working as a team member • “It’s not what you know, it’s who you know.” • Ethics Principles of Management-LP1 13 Skills Decision-making Skills • Select alternatives to solve problems • Take advantage of opportunities • Be able to conceptualize, diagnose and analyze • Use math skills • Manage time Principles of Management-LP1 14 Exhibit 1–3 ● Management Skills and Functions Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 1–15 What Resources does a Manager use? • • • • Human Resources-the people. Your most valuable resource! Financial Resources-the money, the budget Physical Resources-the buildings, the equipment, supplies Information-computers, reports Principles of Management-LP1 16 Differences Among Managers • The Three Levels of Management – Top managers • CEO, president, or vice president – Middle managers • Sales manager, branch manager, or department head – First-line managers • Crew leader, supervisor, head nurse, or office manager – Nonmanagement operative employees • Workers in the organization who are supervised by first-line managers Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 1–17 Levels of Management Top Management • Executives-CEO, CFO, COO, Presidents, Vice Presidents • Manage the entire organization or major parts • Develop the purpose, the goals, strategies, long-term plans • Report to board of directors or other executives • Supervise middle managers Principles of Management-LP1 18 Levels of Management Middle Managers • Managers and department heads • Implement top manager’s strategies by developing short-term plans • Report to executives • Supervise first-line managers Principles of Management-LP1 19 Levels of Management First-Line Managers • Supervisors, crew leaders, office managers • Implement middle manager’s plans • Report to middle managers • Supervise operative employees Principles of Management-LP1 20 KEY TERMS • • • • • • • • • • • • • management role categories • levels of management • types of managers • knowledge management • new venture • entrepreneurs • intrapreneurs • small business • competitive advantage • first-mover advantage • business plan manager manager’s resources performance management skills technical skills interpersonal skills decision-making skills management functions planning organizing leading controlling Copyright © 2009 SouthWestern/Cengage Learning. All rights reserved. 1–21