Chapter 1-Introduction
Chapter 1-Introduction
Chapter 1-Introduction
Introduction To
Management
FUNDAMENTALS OF
MANAGEMENT (MGT 162)
Concept of management
Management functions
Organization
Organizational goals - They have goals to achieve.
They are interacting with each other to achieve a
common goal or a set of goals.
Managerial
e.g. If the demand in the market for cars
achieve outputs/ results as expected. is form small, compact & economical
Managers who are able to utilize & cars, but the manager chooses to
Performances
minimize the cost of resources such as produce & manufacture big, luxury &
staff, finance, equipment & raw material. expensive cars, the manager is
considered to be ineffective
Planning
Includes defining goals, establishing strategy & developing
plans to coordinate activities.
Leading
Functions of Organizing
Controlling
Monitoring activities to ensure that they are being
accomplished as planned & correcting any
significant deviations.
Managerial Level
Technical skills
Ability to use the procedures, techniques, &
knowledge of a specialized field.
Human skills
Conceptual skills
They are mental capabilities that help
managers see the whole enterprise as well as
the relationships that exist among the
various parts in the organization.
Interpersonal Roles
Help manager in managing the
organization smoothly.
Roles
make the right decision.
Decisional Roles
Assists managers in making
decisions that solve problem or
analyze & take advantage of
opportunities.
Interpersonal Roles
A person who
Represent the A person who is performs and interacts
organizations in responsible for hiring, with other people
managerial capacity training and motivating outside the
as head of unit subordinates in the organization such as
organization suppliers, customers,
competitors
Informational Roles
Monitor
• Seeks and receives information from internal and external environment.
Disseminator
After filtering the information, managers will transmit information received to the employees
Spokesperson
• Managers as spokesperson will transmit information to outsiders
Decisional Roles
Resource Disturbance
Entrepreneur Negotiator
Allocator Handler