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Principles of Management
Module 1: Introduction to Management
Module Learning Outcomes
Describe the primary functions of management and the roles of managers.
1.1: Describe what management is
1.2: Explain the primary functions of management
1.3: Describe the primary types of managers and the roles they play
1.4: Explain the advantages that arise from managing people well
Management
Learning Outcomes: Management
1.1: Describe what management is
1.1.1: Describe what management is
Why does learning about management matter?
• Who makes the difficult decisions that result in the success or failure of the
organization?
• How do organizations survive in world where conditions are constantly changing?
• Do you think making good business choices is an art or a science?
What is Management?
• The Definition of Management
• Process of planning, organizing,
leading, and controlling people in
organization- effectively use resources
to meet goals
• The Two Aspects of Management
• People
• The people with the responsibility and
authority to determine the overall direction
of the organization
• Process
• Decide what goals should be and defines
them for the organization
Practice Question 1
In most cases, the management function includes which of the following?
a) applying and distributing organizational resources effectively
b) acquiring new resources when necessary
c) analyzing and adapting to the ever-changing environment in which the organization
operates
d) complying with legal, ethical, and social responsibilities of the community
e) developing relationships with and among people to execute the strategies and plans
f) all of the above
Primary Functions of Management
Learning Outcomes: Primary Functions of
Management
1.2.1: Explain the primary functions of management
1.2.1: Explain the primary functions of management
1.2.2: Differentiate between the planning, organizing, leading, and controlling functions
of management
Introduction to Functions of Management
• Processes
• ongoing activities ongoing and
interrelated
• Ongoing
• activities not done in a linear, step-by-
step fashion
• will continue while others begin
• Interrelated
• results of tasks influence each other
• must be done efficiently
Important to note that processes do
not always go in order!
First Factor of Management: Planning
• Defining goals and tackling them
• Defines future of organization- long-
term plans
• Develops strategic plans
• Long-term and effects entire
organization
• Bridges gap between what
organization is and what it wants to be
• Tactical plans
• Translate strategic plans into specific
actions- who, what, where, etc.
Second Factor of Management: Organizing
• Decides how to best implement the
plans
• Decides how an organization is
structured
• Assigns authority and responsibility
• Works to acquire resources
• Decides coordination
Third Factor of Management: Leading
• Uses knowledge, character, and
charisma- inspire achievement of
goals
• Leads by communication, building
commitment, creating shared
values, and encouraging high
performance
• Uses the power of granting rewards
and punishments
Fourth Factor of Management: Controlling
• Unexpected issues will arise
• Controlling
• process of monitoring activities,
measuring performance, comparing
results, making corrections
• Observing and responding to what
happens
• The feedback loop
• most important aspect of controlling is
that managers must be keep
informed.
Who Directs Each Function of Management?
• Leaders often step up in times of
crisis that needs immediate action.
• All managers perform each at
different times and the position
depends on how much.
• Different activities may happening
at once in an organization.
Class Discussion: Functions of Management
Now that we’ve discussed the four functions of management, let’s take a
minute to reflect on why it can be hard to motivate employees when big
changes come into play.
What are some factors that cause employees to become resistant to change?
Types of Managers and Their Roles
Learning Outcomes: Types of Managers and Their
Roles
1.3: Describe the primary types of managers and the roles they play
1.3.1: Differentiate between the functions of top managers, middle managers,first-line
managers, and team leaders
1.3.2: Differentiate between leadership, informational, and decision-making roles
Vertical Management
• Various levels of management
within organization
• Different levels = different aspects of
business
• Thinking
• Communicating
• Highly structured
• Workers in labor-intensive industries
• Disadvantage- limits information
from lower levels to upper
Top-Level
• What do these acronyms represent on a management team?
• CEO, COO, CMO, CTO, CFO, CCO
• Vice Presidents or division heads sometimes part of top management team
• Responsible for long-term success
• Set goals and pay careful attention to external environment
• Economy, law proposals, consumer/public relations
• Make financial investments
Middle Managers
• Department heads, directors, chief
supervisors
• Links between top and first-line
managers
• Receives broad strategic plans with
specific objectives
• Encourages, supports, and fosters
employees
• Provides leadership
First-Line Managers
• Entry level- “on the line”
• close contact with workers
• Responsible for organizational
objectives and plans
• Assistant managers, shift managers,
foremen, section chiefs, office
managers
• Focuses on internal issues- must
communicate
Team Leaders
• Reports to first-line or middle
manager
• Develops timelines, specific work
assignments, provides training to
team, communicates clear
instructions
• Makes sure team is operating
efficiently
• Positions may be eliminated when
new team must be formed
Types of Management Roles
• Leadership and Interpersonal Roles
• Top Managers
• Middle managers
• focus more on interpersonal skills
• Decisional Roles
• All managers required to make
decisions
Leadership and Interpersonal Roles
• Top Managers
• Voice of organization
• Hard to separate personal aspects from corporate positions
• Middle Managers
• Determines what information can be shared
• Weighs informational value to decide what to send to top management
• First-Line Managers
• Evaluates work and helping employees contribute
Decisional Roles
• Entrepreneur- top-level managers
• Economic opportunities, lead change initiative
• Disturbance handler- top and middle managers
• React to problems in organization (internal/external)- decide what actions should be
taken
• Resource allocator
• Depending on whether decisions affect whole company or not
• Negotiator- top and middle-level managers
• Top- negotiations about whole company (contracts or agreements)
• Middle- negotiate salary and hiring
Class Discussion: Managers and Leadership
Which type of manager spends more time in leadership activities?
The Advantages of Managing People Well
Learning Outcomes: The Advantages of Managing
People Well
1.4: Explain the advantages that arise from managing people well
1.4.1: Explain the advantages that arise from managing people well
Class Discussion: The Advantages of Managing
People Well
“People are definitely a company’s greatest asset. It doesn’t make
any difference whether the company’s product is cars or
cosmetics. A company is only as good as the people it keeps.” –
Mary Kay Ash
How can managers leverage their employees to achieve a true competitive
advantage?
What Makes a Good Manager?
• What makes a good manager?
• Effectiveness
• Efficiency
• Sustainable practices
• Competitive advantage
• business outperforms rivals due to
employees
• Depends on a stable and reliable
workforce
Quick Review
• Describe what management is in your own words.
• Explain the primary functions of management
• Differentiate between the planning, organizing, leading, and controlling
functions of management
• Differentiate between the functions of top managers, middle managers, first-
line managers, and team leaders
• Differentiate between leadership, informational, and decision-making roles
• Explain the advantages that arise from managing people well

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PrinciplesofManagement_01_IntroductiontoManagement.pptx

  • 1. Principles of Management Module 1: Introduction to Management
  • 2. Module Learning Outcomes Describe the primary functions of management and the roles of managers. 1.1: Describe what management is 1.2: Explain the primary functions of management 1.3: Describe the primary types of managers and the roles they play 1.4: Explain the advantages that arise from managing people well
  • 4. Learning Outcomes: Management 1.1: Describe what management is 1.1.1: Describe what management is
  • 5. Why does learning about management matter? • Who makes the difficult decisions that result in the success or failure of the organization? • How do organizations survive in world where conditions are constantly changing? • Do you think making good business choices is an art or a science?
  • 6. What is Management? • The Definition of Management • Process of planning, organizing, leading, and controlling people in organization- effectively use resources to meet goals • The Two Aspects of Management • People • The people with the responsibility and authority to determine the overall direction of the organization • Process • Decide what goals should be and defines them for the organization
  • 7. Practice Question 1 In most cases, the management function includes which of the following? a) applying and distributing organizational resources effectively b) acquiring new resources when necessary c) analyzing and adapting to the ever-changing environment in which the organization operates d) complying with legal, ethical, and social responsibilities of the community e) developing relationships with and among people to execute the strategies and plans f) all of the above
  • 8. Primary Functions of Management
  • 9. Learning Outcomes: Primary Functions of Management 1.2.1: Explain the primary functions of management 1.2.1: Explain the primary functions of management 1.2.2: Differentiate between the planning, organizing, leading, and controlling functions of management
  • 10. Introduction to Functions of Management • Processes • ongoing activities ongoing and interrelated • Ongoing • activities not done in a linear, step-by- step fashion • will continue while others begin • Interrelated • results of tasks influence each other • must be done efficiently Important to note that processes do not always go in order!
  • 11. First Factor of Management: Planning • Defining goals and tackling them • Defines future of organization- long- term plans • Develops strategic plans • Long-term and effects entire organization • Bridges gap between what organization is and what it wants to be • Tactical plans • Translate strategic plans into specific actions- who, what, where, etc.
  • 12. Second Factor of Management: Organizing • Decides how to best implement the plans • Decides how an organization is structured • Assigns authority and responsibility • Works to acquire resources • Decides coordination
  • 13. Third Factor of Management: Leading • Uses knowledge, character, and charisma- inspire achievement of goals • Leads by communication, building commitment, creating shared values, and encouraging high performance • Uses the power of granting rewards and punishments
  • 14. Fourth Factor of Management: Controlling • Unexpected issues will arise • Controlling • process of monitoring activities, measuring performance, comparing results, making corrections • Observing and responding to what happens • The feedback loop • most important aspect of controlling is that managers must be keep informed.
  • 15. Who Directs Each Function of Management? • Leaders often step up in times of crisis that needs immediate action. • All managers perform each at different times and the position depends on how much. • Different activities may happening at once in an organization.
  • 16. Class Discussion: Functions of Management Now that we’ve discussed the four functions of management, let’s take a minute to reflect on why it can be hard to motivate employees when big changes come into play. What are some factors that cause employees to become resistant to change?
  • 17. Types of Managers and Their Roles
  • 18. Learning Outcomes: Types of Managers and Their Roles 1.3: Describe the primary types of managers and the roles they play 1.3.1: Differentiate between the functions of top managers, middle managers,first-line managers, and team leaders 1.3.2: Differentiate between leadership, informational, and decision-making roles
  • 19. Vertical Management • Various levels of management within organization • Different levels = different aspects of business • Thinking • Communicating • Highly structured • Workers in labor-intensive industries • Disadvantage- limits information from lower levels to upper
  • 20. Top-Level • What do these acronyms represent on a management team? • CEO, COO, CMO, CTO, CFO, CCO • Vice Presidents or division heads sometimes part of top management team • Responsible for long-term success • Set goals and pay careful attention to external environment • Economy, law proposals, consumer/public relations • Make financial investments
  • 21. Middle Managers • Department heads, directors, chief supervisors • Links between top and first-line managers • Receives broad strategic plans with specific objectives • Encourages, supports, and fosters employees • Provides leadership
  • 22. First-Line Managers • Entry level- “on the line” • close contact with workers • Responsible for organizational objectives and plans • Assistant managers, shift managers, foremen, section chiefs, office managers • Focuses on internal issues- must communicate
  • 23. Team Leaders • Reports to first-line or middle manager • Develops timelines, specific work assignments, provides training to team, communicates clear instructions • Makes sure team is operating efficiently • Positions may be eliminated when new team must be formed
  • 24. Types of Management Roles • Leadership and Interpersonal Roles • Top Managers • Middle managers • focus more on interpersonal skills • Decisional Roles • All managers required to make decisions
  • 25. Leadership and Interpersonal Roles • Top Managers • Voice of organization • Hard to separate personal aspects from corporate positions • Middle Managers • Determines what information can be shared • Weighs informational value to decide what to send to top management • First-Line Managers • Evaluates work and helping employees contribute
  • 26. Decisional Roles • Entrepreneur- top-level managers • Economic opportunities, lead change initiative • Disturbance handler- top and middle managers • React to problems in organization (internal/external)- decide what actions should be taken • Resource allocator • Depending on whether decisions affect whole company or not • Negotiator- top and middle-level managers • Top- negotiations about whole company (contracts or agreements) • Middle- negotiate salary and hiring
  • 27. Class Discussion: Managers and Leadership Which type of manager spends more time in leadership activities?
  • 28. The Advantages of Managing People Well
  • 29. Learning Outcomes: The Advantages of Managing People Well 1.4: Explain the advantages that arise from managing people well 1.4.1: Explain the advantages that arise from managing people well
  • 30. Class Discussion: The Advantages of Managing People Well “People are definitely a company’s greatest asset. It doesn’t make any difference whether the company’s product is cars or cosmetics. A company is only as good as the people it keeps.” – Mary Kay Ash How can managers leverage their employees to achieve a true competitive advantage?
  • 31. What Makes a Good Manager? • What makes a good manager? • Effectiveness • Efficiency • Sustainable practices • Competitive advantage • business outperforms rivals due to employees • Depends on a stable and reliable workforce
  • 32. Quick Review • Describe what management is in your own words. • Explain the primary functions of management • Differentiate between the planning, organizing, leading, and controlling functions of management • Differentiate between the functions of top managers, middle managers, first- line managers, and team leaders • Differentiate between leadership, informational, and decision-making roles • Explain the advantages that arise from managing people well