MGMT 1 Management © 2011 Cengage Learning 1. 2. 3. 4. 5. 6. 7. 8. describe what management is explain the four functions of management describe different kinds of managers explain the major roles and subroles that managers perform in their jobs explain what companies look for in managers discuss the top mistakes that managers make in their jobs describe the transition that employees go through when they are promoted to management explain how and why companies can create competitive advantage through people © 2011 Cengage Learning What Is Management? 1. describe what management is 2. explain the four functions of management © 2011 Cengage Learning Management Is… • Getting work done through others • Efficiency – getting work done with a minimum of effort, waste, or expense • Effectiveness – accomplishing tasks that help fulfill organizational objectives © 2011 Cengage Learning The Four Functions of Management © 2011 Cengage Learning Management Functions • Planning – determining organizational goals and a means for achieving them • Organizing – deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom in the company © 2011 Cengage Learning Management Functions • Leading – inspiring and motivating workers to work hard to achieve organizational goals • Controlling – monitoring progress toward goal achievement and taking corrective action when progress isn’t being made © 2011 Cengage Learning What Do Managers Do? 3. describe different kinds of managers 4. explain the major roles and subroles that managers perform in their jobs © 2011 Cengage Learning Top Managers • CEO, COO, CFO, CIO • Responsible for overall direction of the organization • Responsible for creating a context for change • Develop employees’ commitment to and ownership of company performance • Create a positive organizational culture through language and action • Responsible for monitoring the business environment © 2011 Cengage Learning Middle Managers • • • • • • Plant manager, regional manager, divisional manager Set objectives consistent with top management’s goals Implement subunit strategies for achieving objectives Plan and allocate resources to meet objectives Coordinate and link groups, departments, and divisions Monitor and manage subunits and individual managers © 2011 Cengage Learning First-Line Managers • Office manager, shift supervisor, department manager • Train and supervise the performance of nonmanagerial employees • Teach entry-level employees how to do their jobs • Encourage, monitor, and reward employees’ performance • Make detailed schedules and operating plans © 2011 Cengage Learning Team Leaders • Facilitate team activities toward accomplishing a goal • Help team members plan and schedule work, learn to solve problems, and work effectively with each other • Manage internal and external relationships © 2011 Cengage Learning Mintzberg’s Managerial Roles © 2011 Cengage Learning Interpersonal Roles • Figurehead – managers perform ceremonial duties • Leader – managers motivate and encourage workers to accomplish organizational objectives • Liaison – managers deal with people outside their units © 2011 Cengage Learning Informational Roles • Monitor – managers scan their environment for information and receive unsolicited information • Disseminator – managers share information with subordinates and others in the company • Spokesperson – managers share information with people outside of the company © 2011 Cengage Learning Decisional Roles • Entrepreneur – managers adapt themselves, their subordinates, and their units to change • Disturbance handler – managers respond to problems so severe that they demand immediate action • Resource allocator – managers decide who will get what resources and in what amounts • Negotiator – managers negotiate schedules, projects, goals, outcomes, resources, and employee raises © 2011 Cengage Learning What Does It Take to Be a Manager? 5. explain what companies look for in managers 6. discuss the top mistakes that managers make in their jobs 7. describe the transition that employees go through when they are promoted to management © 2011 Cengage Learning What Companies Look For • Technical skills – specialized procedures, techniques, and knowledge required to get the job done • Human skills – ability to work well with others • Conceptual skills – ability to see the organization as a whole, to recognize how the company fits into its external environment • Motivation to manage – an assessment of how motivated employees are to interact with superiors, participate in competitive situations, behave assertively with others, tell others what to do, reward good behavior, punish poor behavior, perform actions that are highly visible to others, and handle and organize administrative tasks © 2011 Cengage Learning Management Skills © 2011 Cengage Learning Mistakes Managers Make 1. Insensitive to others: abrasive, intimidating, bullying style 2. Cold, aloof, arrogant 3. Betray trust 4. Overly ambitious: thinking of next job, playing politics 5. Specific performance problems with the business 6. Overmanaging: unable to delegate or build a team 7. Unable to staff effectively 8. Unable to think strategically 9. Unable to adapt to boss with different style 10. Overdependent on advocate or mentor © 2011 Cengage Learning The Transition to Management: The First Year • Initially, managers believed their job was to exercise formal authority and manage tasks After 6 months… • Managers were surprised by pace and workload • Realized subordinates wanted help solving problems they couldn’t solve After 1 year… • Realized that people management is most important © 2011 Cengage Learning Stages in the Transition to Management © 2011 Cengage Learning Why Management Matters 8. explain how and why companies can create competitive advantage through people © 2011 Cengage Learning Competitive Advantage through People • What separates top-performing companies from competitors is how they treat their workforces. • Companies that invest in their people create long-lasting competitive advantages that are difficult for other companies to duplicate. • Managers influence customer satisfaction through employee satisfaction. © 2011 Cengage Learning Competitive Advantage through People: Management Practices © 2011 Cengage Learning REELTOREAL In Good Company 1. 2. <click screenshot for video> 3. © 2011 Cengage Learning Which management skills discussed in this chapter does the character Mark Steckle seem to lack? The sequence shows three people who represent different hierarchical levels in the company. Based on this scene, which of the four kinds of managers do you think each of them might be? Which of the characters in this clip exhibited the strongest human skills? REELTOREAL Camp Bow Wow 1. 2. 3. <click screenshot for video> © 2011 Cengage Learning Identify three skills that companies look for in managers and explain which might be most needed for the Camp Bow Wow leaders highlighted in the video. Which activities at Camp Bow Wow require high efficiency? Which activities require high effectiveness? List two activities that leaders at Camp Bow Wow perform daily, and identify which of the managerial roles discussed in the chapter figure prominently for each.