MANAGEMENT RICHARD L. DAFT Managing in Turbulent Times CHAPTER 1 Learning Objectives 3 Describe the four management functions and the type of management activity associated with each. Explain the difference between efficiency and effectiveness and their importance for organizational performance. Describe management types and the horizontal and vertical differences between them. Describe conceptual, human, and technical skills and their relevance for managers and employees. Define 10 roles that managers perform in organization. Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Learning Objectives (contd.) 4 Understand the personal challenges involved in becoming a new manager in an organization in today’s world. Discuss the management competencies needed to deal with today’s turbulent environment, including issues such as diversity, globalization, and rapid changes. Explain the leadership skills needed for effective crisis management. Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. The Nature of Management 1. 2. 3. 5 Managers have to cope with diverse and far-reaching challenges To keep pace with ever-advancing technology To find ways to incorporate the Internet and e-business into their strategies and business model Strive to remain competitive in a dynamic and far reaching world Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. What Do Managers Have in Common? 6 They get things done through their organization. They create the systems, conditions and environment that enable organizations to survive and thrive beyond the tenure of any specific supervisor or manager. Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Definition of Management The attainment of organizational goals in an effective and efficient manner through Four functions – – – – planning, organizing, leading, and controlling organizational resources. Managers use a multitude of skills to perform functions 7 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Functions of Management Planning Select goals and ways to attain them Organizing Controlling Monitor activities and make corrections Assign responsibility for task accomplishment Leading Use influence to motivate employees 8 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. The Process of Management Planning Select goals and ways to attain them Performance Resources •Human •Financial •Raw Materials •Technological •Attain goals Organizing Controlling Monitor activities and make corrections Assign responsibility for task accomplishment •Information •Products •Services •Efficiency •Effectiveness Leading Use influence to motivate employees Exhibit 1.1 9 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Planning Function Definition – – Corporate Examples – – 10 Defines goals for future organizational performance Decides tasks and use of resources needed Planning – AOL Time Warner – The Lord of the Rings Lack of planning – Merry-Go-Round Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Organizing Function Definition – – – Follows planning Reflects how organization tries to accomplish plan Involves assignment of Corporate Examples - Structural reorganizations – 11 tasks into departments authority and allocation of resources across organization IBM, the Catholic Church, Microsoft, Motorola, the FBI Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Leading Function 12 Definition – The use of influence to motivate employees to achieve the organization’s goals. Corporate Examples – Michael Dell, Meg Whitman of eBay, Cara Kakuda of Nextel Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Controlling Function Definition 13 ● Monitoring employees’ activities ● Determining whether the organization is on target toward its goals ● Making corrections as necessary Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Controlling Function New Trends 14 Empowerment and trust of employees = training employees to monitor and correct themselves New information technology provides control without strict top-down constraints Lack of Control Information can lead to Organizational Failure Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Organizational Performance Attainment of organizational goals in an efficient and effective manner The Process of Management 15 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. 2nd half of definition of management Organizational Performance 16 Organization - social entity that is goal directed and deliberately structured Effectiveness - degree to which organization achieves a stated goal Efficiency - use of minimal resources (raw materials, money, and people) to produce the desired volume of output Performance – organization’s ability to attain its goals by using resources in an efficient and effective manner Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Management Skills Exhibit 1.2 17 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Management Skills Conceptual Skills – Cognitive ability to see the organization as a whole and the relationships among its parts Human Skills – ability to work with and through other people and to work effectively as a group member Technical Skills – understanding of and proficiency in the performance of specific tasks When skills Fail Experiential Exercise: Management Aptitude Questionnaire 18 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Management Types - Vertical Managerial Levels in the Organizational Hierarchy Managerial Levels in the Organizational Hierarchy Exhibit 1.3 19 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Management Types - Horizontal Functional Managers – – General Managers – 20 Responsible for a department that performs a single functional task and Has employees with similar training and skills Responsible for several departments that perform different functions Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Managerial Types - Horizontal Functional Managers – – – – – – 21 Advertising Sales Finance Human Resources Manufacturing Accounting General Managers – Self-contained division such as a Macy’s department store – Project managers have general management responsibility as they coordinate people across several departments Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. What is it like to be a Manager? Manager Activities – Multitasking – Life on Speed Dial Manager’s Role – – 22 Fragmentation, Variety, Brevity Set of expectations for one’s behavior Diverse activities --10 roles Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Making the Leap From Individual Performer to Manager Exhibit 1.4 23 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Ten Manager Roles Category Role Informational Monitor Disseminator Spokesperson Interpersonal Figurehead Leader Liaison Decisional Entrepreneur Disturbance handler Resource allocator negotiator 24 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Hierarchical Levels Exhibit 1.6 25 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Managing in Small Businesses and Nonprofit Organizations 26 Role Differences Source of Financial Resources Unconventional Bottomline Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Management and the New Workplace Exhibit 1.7 27 Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Management and the New Workplace Forces on organizations New Management Competencies – – – – – 28 Dispersed leadership Empowering others Collaborative relationships Team-building skills Learning organization Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. Managing During Turbulent Times 29 Stay Calm Be Visible Put People Before Business Tell the Truth Know When to Get Back to Business Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved.