Unit 4 Management Want to be a Manager? • Managers are responsible for the success and failure of a business. • When business meets its goals the manager is praised and rewarded. • When goals aren’t reached the manager is held accountable. 5 Functions of a Manager Planning Organizing Controlling Functions Staffing Implementing Management Levels Executives Mid-Managers Supervisors Work Team Leaders Management Levels Executives Mid-Managers Supervisors •Responsible for direction and success of entire business •Most time is spent controlling and planning •Examples include President, CEO, COO, CFO, Vice President. •Responsible for specific areas of a company’s operation. •Most time is spent organizing, staffing, implementing •Examples include IT, Marketing, HR, Customer service managers. •Responsible for the day-to-day work of employees •Most time is spent implementing plans of mid managers •Evaluate employees, solve problems ,make sure needed resources are available. Management Styles • Autocratic – Dictates orders to their employees – Makes all decisions without input – Assume people don’t like to work, avoid responsibility and need to be watched at all times. Management Style • Democratic – Delegates authority to his/her staff, giving them responsibility to complete the task given to them. • Believe by giving workers more responsibility they’ll be more productive and creative. – When making decisions a meeting is held and everyone's input is considered. • New Ideas are encouraged. Management Style •Free-rein/Laissez-Faire – manager sets the tasks and gives staff complete freedom to complete the task – Shows the most trust and confidence in workers – Manager serves more of a coach and still makes the big decisions. Preparing to Be a Leader • Study Leadership – Books, classes, etc. • Participate in Organizations and Activities – Take charge of your club or team • Observe Leaders – Watch leaders in your school, community, in the news • Work with a Mentor – Ask a leader in your life to offer direction and feedback • Practice at work – Take initiative and demonstrate dependability Importance of Human Relations • Human relations usually determines whether a manager is successful or not. • The important human relation skills needed by managers: 1. 2. 3. 4. 5. Self-Understanding Understanding others Communication Team Building Developing Job satisfaction Importance of Human Relations How would you describe the human relations at this factory? Managers must have Influence • Effective managers must be able to influence team members especially in times of major disagreement in decision making. Kinds of Influence • Position Influence – Others do things because of the position a manager holds. • Reward Influence – Give or withhold something in order to get something done. • Expert Influence – Follow the guidance of a manager because of their special expertise • Identity Influence – Direction is followed because the manager is trusted and well Ethical Behavior • Ethics are the principles of conduct governing an individual or a group. • Ethical Behavior involves every employee of the company not just executives and managers. • Ethical behavior is made up of 2 parts: 1. The actions of individuals/groups 2. The results of those actions. Standards of Ethical Behavior • It is Lawful • It is consistent with company values and policies • It does not harm some while benefiting others • If the actions and results become public, will it embarrass the company Ethical Management • It is the managers duty to create and atmosphere in which all employees know they are expected to act ethically. • To go along with the companies mission statement a statement of core values is also developed. McDonalds • Most importantly managers must model ethical behavior in order to emphasize the importance of ethics.