Innovative Management for a Changing WorldReminders & AnnouncementsManagement:Organizational PerformanceThe Process of ManagementManagerial Roles: What Managers Really doMintzberg’s Management RolesManagement LevelsManagement SkillsManagement SkillsCauses of Management FailureManagement Competencies for Todays Business EnvironmentBecoming a Manager in Today’s Business EnvironmentInnovative Management for a Changing WorldReminders & Announcements•Scantrons- purchase 5 and bring in asap•Textbook/Aplia/Bookstore questions•Reminder- first “graded” Aplia due on Thurs•WSJ…more details!•Clickers…my channel is 70Management:The process of working with people and resources to accomplish organizational goals, efficiently and effectivelyOrganizational Performance•Effectiveness-providing a product or service that customers value•Efficiency-refers to the amount of resources used to achieve an organizational goalThe Process of ManagementManagerial Roles: What Managers Really doTypical day for a manager is not neatly divided into the four functionsDays are busy and fragmentedManagers spend huge amounts of time- nearly 80%- in meetings Mintzberg’s study on managerial roles:•Interpersonal roles•Informational roles•Decisional rolesMintzberg’s Management RolesManagement LevelsManagement SkillsConceptual SkillsCognitive skillsAbility to see the big picture and think strategicallyTechnical SkillsAbility to master the technology or methods usedPossessing specialized knowledge about the businessAnalytical abilityHuman/People SkillsAbility to work with and though other people and to work effectively as a group memberManagement SkillsCauses of Management FailureManagement Competencies for Todays Business EnvironmentBecoming a Manager in Today’s Business