MGT 300 1st Edition Lecture 1Outline of Last Lecture N/AOutline of Current Lecture I. ManagementII. Management FunctionsCurrent LectureManagement- Getting work done through others - Efficiency- getting work done with a minimum of effort, waste, or expense.- Effectiveness- accomplishing tasks that help fulfill organizational objectives.Management Functions- Planning- establishing goals and how to achieve them.- Organizing- determining what needs to be done, and who will do it. - Leading- inspiring and motivating workers to work hard to achieve organizational goals.- Controlling- monitoring progress toward goal achievement and taking corrective action when progress isn’t being made. Top Managers- C-level employees- executive cadre- Organizational direction- Organizational “culture”- Environmental monitoringMiddle Managers- Plant, region, division- Enact C-level goals (lower-level strategies)- Planning/resource allocation- Interdepartmental and divisional coordination- Monitoring/managing subunits/managersFirst-Line Managers- Office, shift, department- Training/supervising employees- Motivating, monitoring, rewarding- Scheduling/operating plansTeam Leaders- Facilitate teams’ goal-focused activities- Plan/schedule work, problem solving, team building- Manage internal and external relationships. Interpersonal Roles- Figurehead- Leader- LiaisonInformational Roles- Monitor- Disseminator- Spokesperson Decisional Roles - Entrepreneur - Disturbance handler- Resource allocator-
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