1.4.1Management Process
Planning, Organizing, Leading,
Motivating & Controlling the resources:
To achieve the organization goals
Manager: Person who plans, organizes,
leads and control:
Human.
Financial.
Information.
Definitions of Functions…(1)
Planning: Developing a frame of reference to
identify opportunities and threats.
Totake actions:
–Exploit Opportunities .
–Encounter Threats.
Organizing:
Assigning duties.
Grouping tasks.
Establishing authorities.
Allocating resources.
Definitions of Functions…(2)
Staffing:
Recruitment.
Selection.
Placement.
Approval.
Development.
of People in Organization
Human Resources
Leading:
Influencing.
Motivating.
Directing.
Definitions of Functions…(3)
Controlling:
Monitoring.
Organization performance.
Towards attainment
of goals.
1.4.2Administration
Describes: the activity of implementing
policy decisions.
Regulates: Day-to-day operations
Management VS. Administration
Management and administration( the same ).
Administration is ABOVEManagement:
Administrationdetermination of policies.
Management execution of policies.
Administration is part of management:
Administrationtotal process of executive control.
Management installation & following of
procedures.
1.4.3Management Skills…(1)
Technical skills: ability to use:
Procedure.
Techniques.
Knowledge.
Human skills: ability to work with:
Understand.
Motivate.
Fields
People
1.9 Managerial Roles
Interpersonal
Informational
Decisional
•Figurehead
•Leader
•Liaison
•Monitor
•disseminator
•Spokesperson
•Entrepreneur
•Disturbance Handler
•Resource Allocator
•Negotiator
Feedback
Provide Information
Process Information
Use Information
1.9.1Interpersonal Roles
Figurehead: Represents the company
outside.
Leader: Defines relationship between
Managers and Employees.
Liaison: Interacts with peers & people
outside the organization.
1.9.2Informational Roles
Monitor: Receives and collects
information.
Disseminator: transmits special
information into the organization.
Spokesman: Disseminate organization’s
information outside.
1.9.3Decisional Roles
Disturbance Handler: Deals with threat
to the organization.
Resource Allocator: Deals with
allocation of scarce resource to various
requests.
Negotiator: Negotiates on behalf of the
organization.
1.13 Business Environment
1.13.1 Economic Environment
1.13.2 Social Environment
1.13.3 Political Environment
1.13.4 Legal Environment
1.13.1Economic Environment…(1)
Capital: to buy building, machinery,
inventories, office equipment,…etc.
Labor: Availability, Quality and Price of labor.
Price level: its change affects the
organization.
Inflation upset the organization.
Because its effect the cost of labor, material and
other items.
Economic Environment…(2)
Government fiscal & tax policies:
Controls the availability of credits.
Tax affects every part of society:
High taxes not attractive for opening business.
Customers: Business must find out what
people want and are willing to buy.
Economic Environment…(3)
Technology: The sum total of the knowledge
we have of ways to do things.
It includes:
Inventions.
Techniques.
Organized knowledge.
Impact of technology is seen on:
New products
New materials
New tools
New machines
New service
1.13.2Social Environment
Made up of :
Attitudes.
Desires
Expectations
Degrees of intelligence and education.
Beliefs
Customs of people
1.13.3Political Environment
Attitudes and actions of the government
leaders and legislators.
Government affects every enterprise and
every aspect of life.
Government may provide assistance to
business.
Government is the biggest customer.
1.13.4Legal Environment
Laws and regulations designed to
protect:
Customers
Workers
Environment.