WHAT IS MANAGEMENT...???

Assalamualaikum and hii everyone...Its been a week I didn't update anything in this blog.Its due to hectic week that I need to face with all the assignments,homework etc....Well you know,university life was not a joke...So now,let me show you what is management.....

           CHAPTER 1 : MANAGEMENT & MANAGERS
What is management?

The Classic Definition
The art of getting things done through people.

A Broader Definition
The process of administering and coordinating resources effectively, efficiently, and in an effort to achieve the goals of the organization.

Effectiveness versus Efficiency

Effectiveness

Achieved when the organization pursues appropriate goals.

This means “doing the right things.”

Efficiency 

Achieved by using the fewest inputs (e.g., people and money) to generate a given output.

This means “doing things right.”

• The end result of effective and efficient management is organizational success.                                                  

Management Theory

It is critical for managers to be able to lead people through the fast pace of change. 

• Leadership is about coping with both complexity and change.
• As change becomes more dynamic and rapid, managers at all levels must hone their leadership skills.
• Therefore, leaders are managers and managers are leaders.  

The management process

Planning

Setting goals and defining the actions necessary to achieve those goals.

Organizing

The process of determining the tasks to be done, who will do them, and how those tasks will be managed and coordinated.

Leading

Leadership

The capacity to direct and motivate the members of work groups toward the accomplishment of organizational goals.

Leadership Skills:

Understanding individual/group behavior dynamics

Having the ability to motivate employees

Being an effective communicator

Being able to envision future and share that vision

Controlling

Monitoring the performance of the organization and its progress in implementing strategic and operational plans.

• Identifying deviations between planned and actual results.
• Taking corrective action
• Ensuring that the organization is moving toward the achievement of its goals.

Roles of Managers

Managers are the people who plan, organize, lead, and control the activities of the organization so that its goals can be achieved.

Mintzberg’s Managerial Roles

Interpersonal Roles

The manager’s responsibility for managing relationships with organizational members and other constituents:

• Figurehead
• Leader
• Liaison

Informational Roles

The manager’s responsibility for gathering and disseminating information to the stakeholders of the organization:

• Monitor
• Disseminator
• Spokesperson

Decisional Roles

The manager’s responsibility for processing information and reaching conclusions:

• Entrepreneur
• Disturbance handler
• Resource allocator
• Negotiator

Scope of Responsibility:Functional and General Managers

Managerial levels

Managers at all organizational levels engage in planning, organizing, leading, and controlling, however, the degree to which they are immersed in the basic functions varies. 

Operational employees - Operational employees are the individuals who not in the managerial ranks                             but who actually deliver the product or service of the organization. 

Skills Needed at Different Levels of Management

Management Skills

Technical Skills

The ability to utilize the knowledge of tools, techniques, and procedures that are specific to a particular field.

Human Skills

The ability to work effectively with one’s own work group as well as others within the organization.

Conceptual Skills

The ability to process information about the internal/external environment of the organization and determine its implications.

The New Manager/Leader Profile

Managers who:

• Are no longer “the boss,” rather they act as sponsors, team leaders, or internal consultants.
• No longer control from the top of the pyramid; nor try to control the action from the sidelines.
• Empower individual employees to do what is necessary to achieve goals.
• Make sure that employees have the resources to get the job done.

So yeahhh that whats management is...Add your knowledge,don't quit...enjoy reading guys...😎

Byeeeeeeee....

       "DON'T STOP WHEN YOU'RE TIRED.STOP WHEN YOU'RE DONE"