Professional Documents
Culture Documents
Topic 1 MGT Process Today
Topic 1 MGT Process Today
Topic 1 MGT Process Today
Topic 1:
The Management
Process Today
Learning Objectives
• Concept of management
• 4 Management functions of planning, organizing, leading,
and controlling
• 3 levels of management: first-line, middle and top
managers
• 3 managerial skills needed namely technical, human and
conceptual skills
• Major changes in management practices
1-2
1-3
Achieving High Performance
• Organizational performance: A measure of how
efficiently and effectively managers use organizational
resources to satisfy customers and achieve goals
Effectiveness
Efficiency
A measure of the
A measure of how appropriateness of the
well or
goals an organization
productively
resources are used
is pursuing and the
to achieve a goal degree to which they
are achieved
1-4
Figure 1.2 - Four Tasks of Management
1-5
Management Functions
Planning Leading
1-7
Management Skills
Conceptual skills
• Understanding the relationship of the parts of a
business to one another and to the business as a
whole Strategic planning – identify new business opportunities
Technical skills
• Being able to perform the mechanics of a particular
job Capable to cleaning the home themselves when short of helpers
– skilled with knowledge of how to polish stainless steel, maintain
marble florring
Figure 1.5 - Mix of Skills Used at Different Levels of
Management
Figure 1.4 - Relative Amount of Time That
Managers Spend on the Four Managerial Tasks
1-10
Figure 1.1 - The Management Pyramid
Figure 1.4 - Relative Amount of Time That
Managers Spend on the Four Managerial Tasks
1-12
Video on Fibre One
Which level of
management do the team
belong to?
1-17
Recent Changes in Management
Practices
• Outsourcing: Contracting with another
company, usually abroad, to have it perform
an activity the organization previously
performed itself
• Increases efficiency because it lowers operating
costs, freeing up money and resources that can be
used in more effective ways
1-18
Empowerment
• The expansion of employees’ knowledge,
tasks, and decision-making responsibilities
• Companies use their reward systems to
promote empowerment
• IT is being increasingly used to empower
employees because it expands employees’ job
knowledge and increases the scope of their job
responsibilities
1-19
Self-Managed Teams
• A group of employees who assume
responsibility for organizing, controlling, and
supervising their own activities and
monitoring the quality of the goods and
services they provide
• Assume many tasks and responsibilities
previously performed by first-line managers,
so a company can better utilize its workforce
1-20
Challenges for Management in
a Global Environment
• Building a competitive advantage
• The ability of one organization to outperform
other organizations in producing goods or
services more efficiently and effectively
• Companies can win or lose the competitive race
depending on their speed and flexibility
• Innovation: Process of creating new or
improved goods and services or developing
better ways to produce or provide them
1-21
Challenges for Management in
a Global Environment
• Managing a diverse workforce
• Age, gender, race, ethnicity, religion, sexual
preference, and socioeconomic composition of
the workforce presents new challenges for
managers
• Establish procedures and practices that are
legal, fair, and equitable
• Utilizing new information systems and
technologies
• Managers have to continually find efficient and
effective ways to utilize new IT to better
perform jobs
1-22
Challenges for Management in
a Global Environment
• Practicing global crisis management involves
making important choices about how to:
• Create teams to facilitate rapid decision making
and communication
• Establish the organizational chain of command
• Recruit and select the right people
• Develop bargaining and negotiating strategies
to manage conflicts
1-23