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Business Theme: Management: Presented By: Bobojonov Mirshod

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0% found this document useful (0 votes)
9 views21 pages

Business Theme: Management: Presented By: Bobojonov Mirshod

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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Business

Chapter: 12
Theme: Management

Presented by: Bobojonov Mirshod


Managers
They do work too, just like the
rest of the employees, but
unlike the other employees,
they also work by delegating
the work.
What are the traditional
manager functions
• Notion of "traditional functions" of
manager:
o Planning – giving directions for
the future
o Organizing the resources and the
workforce needed
o Directing – leading and
motivating
o Controlling – ensuring the original
plan is being followed
There are various styles of management, different managers
approach problems in a number of ways possible, but the roles
of management are the same to every one of them.

Key terms:
Mangement: The organization and the coordination of activities
in order to achieve the objectives of business
Henri Fayol's 5 Functions of
Management
1. Planning
2. Organizing resources to meet objectives
3. Commanding, directing and motivating employees
4. Coordinating activities
5. Controlling and measuring performance against targets
1. Planning 2. Organizing

This is where are all future This is coordinating the


objectives and goals, and best available resources efficiently
routes and ways to achieve towards achieving goals and
them are set and planned before objectives – such as defining
initiatives are taken.
roles, delegation, and definition
- It also includes carefully of the structure of the business.
forecasting and making decisions
beforehand, as managers need to
think ahead of things.
3. Command,
direct, motivate

Managers should also


This is guiding,
be capable of
leading employees to
motivating the
ensure that
employees as this
objectives are being
would help them
met.
work at their finest.
4. Coordination 5. Controlling
Businesses do grow, growth Setting objectives for the
means a little loss of consistency business means objectives for
and coordination. Managers must the groups-within. Managers'
ensure it would never happen task is to appraise performance
and must make sure that goals of against targets, and do as much
branches must work together as possible for underperformance
well to achieve a common goal to not occur, and provide positive
or purpose. feedback when this go right.
Henry Mintzberg
• He was critical of Fayol's ideas – as Mintzberg describes
them: "Vague objectives"
• He identified ten roles of management
• According to him – These roles are common to all managers:
• Interpersonal roles – dealing with and motivating employees
• Informational roles – acting as a medium of information
• Decisional roles – making decisions, allocating resources
Difference of Two approaches.
There is not that huge difference

Mintzberg thought of Fayol's approach – Too


Limiting
Mintzberg stressed more on interpersonal nature
of many things
Mintzberg considered that manager role was
much more – open-ended
Managerial contribution
to the business
performance
• How to know if a manager is having positive
impact on business performance:
 Business regularly meets objectives set
 High customer satisfaction
 Low labor turnover and high level of
motivation of employees
 Respected Brand image
 High regards from external stakeholders –
such as environmental, social pressure
groups
 Excellent communication within both
business and external stakeholders
Autocratic: Manager makes almost all the
decisions, little to none input from others

Management Democratic: Encourages input and


participation of workers in decision
styles making

Paternalistic: Listens to workers, but


doesn't allow them take part in decision
making. Manager is in better position
than the workers
Laissez-faire: Leaves the much of
decision-making to the workforce
Douglas McGregor
• Theory X: • Theory Y:
- View: Employees are lazy, fear- - View: Employees are well-
motivated, in need of direction motivated, enjoy the work,
Theory X managers think: ready to take on additional
- Workers dislike work responsibility

- Avoid responsibility Theory Y managers think:


- The workers can have as much
- Not creative
satisfaction from work as from
rest and play
- Willing to accept responsibility
- Are creative
Thenks for y'all
attention ✌️

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