More Related Content
Similar to lecture1.management.MBA Class semester 1 (20)
More from S.H. Fahad Fiaz (6)
lecture1.management.MBA Class semester 1
- 1. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Course Outline
Introduction to Management
Managing Strategically
Organizational External Environment
Organizational Internal Environment
Corporate, Global and Firm Level Strategies
Implementing Strategies-Management
Issues
Organizational Structure
Ethics and Social Responsibility
Planning
1
- 2. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Course Outline
Decision Making
Managing Information
Control
Global Management
Innovation Management
Change Management
Designing Adaptive Organizations
Managing Diversity
Managing Teams
Determining Human Resource Needs
2
- 3. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Course Outline
Finding and Developing Qualified Workers
Performance Appraisal Management and
Retention
Managing Service and Manufacturing
Operations
Motivation Theories
Motivating through the design of Work
Leadership Theories
Managing Communication
Stress Management
3
- 4. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Course Outline
Personality Traits and Outcomes
Justice, Fair Treatment & Dismissal
Management
Safety and Health Management
Labor Relations and Collective Bargaining
4
- 5. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Reference Material
Management by Chuck Williams
Other Organizational management and
strategy books
Online search
5
- 6. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 6
Lecture 1 Introduction to
Management
Prepared by
dr Amna Yousaf PhD (university of
Twente, the Netherlands
COMSATS Institute of Information
Technology, Islamabad
- 7. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 7
Learning Outcomes
1. describe what management is.
2. explain the four functions of management.
3. describe different kinds of managers.
4. explain the major roles and sub-roles that
managers perform in their jobs.
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.
8. explain how and why companies can create competitive
advantage through people.
- 8. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 8
Management Is…
Effectiveness
Efficiency
Getting work
done through
others
1
- 9. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Management Is…
Pat Carrigan - Manager at GM car parts
Efficiency entails minimum waste, effort and
expense
Effectiveness is accomplishing tasks that help
fulfill organizational objectives
Chrysler
9
- 10. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 10
Management Functions
Planning
Organizing
Leading
Controlling
Management Functions
2
- 11. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 11
Planning
2.1
Planning
Determining organizational goals and a
means for achieving them
- 12. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 12
What Really Works: Meta-Analysis
General Mental Ability
10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
probability of success 76%
This statistic shows that an employee hired on the basis of a good score
on a general mental ability test stands a 76 percent chance of being a
better performer than someone picked at random from the pool of all job
applicants.
Meta-Analysis is a study of studies that
shows what works and when.
- 13. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 13
Organizing
Deciding where decisions will be made
Who will do what jobs and tasks
Who will work for whom
2.2
- 14. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 14
Leading
Motivating
Inspiring
Leading
2.3
For Anne, CEO of Xerox,
the key to successful leadership is
communicating with the company’s
most important constituents:
employees and customers.
- 15. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 15
Controlling
2.4
Controlling
Monitoring progress toward goal
achievement and taking corrective action
when needed
- 16. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 16
The Control Process
2.4
Set standards to
achieve goals
Compare actual
performance to
standards
Make changes
to return
performance to
standards
- 17. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Effective Managers
Effective managers plan, Organize, Lead
and Control better
Probability of promotion at AT&T
17
- 18. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Old versus New Management
Styles
Manager as boss versus managers as
sponsors/team leaders / internal consultants
Reporting relationships versus managers open
to anyone anywhere in hierarchy
Individual decisions versus participative
decision making
Long hours versus results
Keeping proprietary company information
secret versus sharing with others
18
- 19. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Management functions – Old and
New
Making things Happen
Planning
Decision making
Managing information
Controlling
• William End CEO of Land’s End (a succesful
retailer) introduced latest management
techniques such as performance appraisals
based on peer reviews; production teams,
training courses, effective communication.
Lost or undelivered orders were result. Why?
19
- 20. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Management functions – Old and
New
Meeting the competition
Global Management
• Free trade agreements, falling entry barriers,
shorter product life cycles
Organizational Strategy
Innovation and Change
Designing adaptive organizations
• IBM once market leader lost its share from 80
to 8% because of stiff competition from
COMPAQ Dell etc in 1980’s.
20
- 21. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Management functions – Old and
New
Organizing people , projects and processes
Managing individual and diverse workforce
Managing Teams
Managing Human Resource Systems
Managing service and Manufacturing Operations
• When FORD purchased Jaguar….
Leading
Motivation
Leadership
Managing communication
• Herb Kelleher Founder SouthWest Airlines:
Jokester and storyteller
21
- 22. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 22
Kinds of Managers
Top Managers
Middle Managers
First-Line Managers
Team Leaders
3
- 23. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 23
Top Managers
3
3.1
Chief Executive Officer (CEO)
Chief Operating Officer (COO)
Chief Financial Officer (CFO)
Chief Information Officer (CIO)
- 24. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 24
Responsibilities of Top Managers
Creating a context for change (Vision)
- CEO of GM and Kodak
Developing commitment
and ownership in employees
- Herb Kelleher at 4
Creating a positive organizational
culture through language and action
-Memo writing
-David Glass and stories of
Thriftiness of Sam Walton
Monitoring their business environments
- David Glass and KMart
3.1
- 25. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 25
Middle Managers
3
3.2
Plant Manager
Regional Manager
Divisional Manager
- 26. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 26
Responsibilities of Middle Managers
3.2
Coordinate and link groups,
departments, and divisions
Monitor and manage the performance
of subunits and managers who report to them
Implement changes or strategies
generated by top managers
Plan and allocate resources to meet objectives
Andy Wilson Regional Vice President of Walmart visits Stores
to see product placement, replacement of products, keeps a
check on prices
- 27. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 27
First-Line Managers
3
3.3
Office Manager
Shift Supervisor
Department Manager
- 28. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 28
Responsibilities of First-Line Managers
3.3
Manage the performance of
entry-level employees
Encourage, monitor, and reward
the performance of workers
Managers tracking phone calls of telemarketing reps
Teach entry-level employees how to do their jobs
Make detailed schedules and operating plans
- 29. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 29
Responsibilities of Team Leaders
Facilitate team performance
Facilitate internal team relationships
3.4
Manage external relations
- 30. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 30
Managerial Roles
H. Mintzberg, “The Manager’s Job: Folklore and Fact:.” Harvard Business Review, July-August 1975.
Adapted from Exhibit 1.4
4
Interpersonal Informational Decisional
Figurehead
Leader
Liaison
Monitor
Disseminator
Spokesperson
Entrepreneur
Disturbance
Handler
Resource
Allocator
Negotiator
- 31. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 31
Managerial Roles
Figurehead
Leader
Liaison
Managers perform ceremonial duties
Managers motivate and encourage
workers to accomplish objectives
Managers deal with people outside
their units
4.1
Interpersonal Roles
- 32. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 32
Managerial Roles
4.2
Monitor
Disseminator
Spokesperson
Managers scan their environment
for information
Managers share information
with others in their company
Managers share information
with others outside their
departments or companies
Informational Roles
- 33. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 33
Entrepreneur
Disturbance
Handler
Resource
Allocator
Negotiator
Managerial Roles
4.3
Managers adapt to incremental change
Managers respond to problems that
demand immediate action
Managers decide who gets
what resources
Managers negotiate schedules,
projects, goals, outcomes, resources,
and raises
Decisional Roles
- 34. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 34
What Companies Look for
in Managers
Technical Skills Human Skills
Conceptual Skills Motivation to Manage
5
- 35. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved
Skill Composition
Technical skills : the ability to apply the
specialized procedures, techniques and
knowledge required to get the job done
Human skills: the ability to work well with
others
Conceptual skills: the ability to see the
organization as a whole; how the different parts
affect each other; how well company is working
in relation to environment
Motivation to manage: an assessment of how
enthusiastic employees are about managing
work of others 35
- 36. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 36
What Companies Look for
in Managers
5
Skills are more or less important at different
levels of management:
- 37. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 37
Mistakes Managers Make
Adapted from Exhibit 1.6
McCall & Lombardo, “What Makes a Top Executive?” Psychology Today, Feb 1983
1. Insensitive to others
2. Cold, aloof, arrogant
3. Betrayal of trust
4. Overly ambitious
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
6
- 38. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 38
The First Year Management Transition
Be the boss
Formal authority
Manage tasks
Job is not
managing people
Initial expecta-
tions were wrong
Fast pace
Heavy workload
Job is to be
problem-solver
and troubleshooter
No longer “doer”
Communication,
listening, positive
reinforcement
Learning to adapt
and control stress
Job is people
development
Managers’
Initial Expectations
After Six Months
As a Manager
After a Year
As a Manager
Adapted from Exhibit 1.7
7
- 39. Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 39
Management Practices in Top Performing Companies
Competitive Advantage
through People
Adapted from Exhibit 1.8
1. Employment Security
2. Selective Hiring
3. Promotion from within
4. High Wages Contingent on Organizational Performance
5. Training and Skill Development
6. Reduction of Status Differences
7. Sharing Information
8
8. Participation and Empowerment