A form of work that involves coordinating an organization’s human, financial, physical and information resources toward accomplishing organizational objectives.
Attainment of organizational goals in an effective and efficient manner through planning, organizing, leading and controlling organizational resources.
NOTE THESE CHARACTERISTICS: Goal-driven Activity is effective and efficient Uses the four managerial functions What is Management?
A set of activities planning and decision making, organizing, leading, and controlling directed at an organization’s resources human, financial, physical, and information with the aim of achieving organizational goals in an efficient and effective manner. Efficiency versus Effectiveness
Manager: Someone whose primary responsibility is to carry out the management process.
Someone who plans and makes decisions, organizes, leads, and controls human, financial, physical, and information resources.
Kinds of Managers by Level
Top Managers
The relatively small group of executives who manage the organization’s overall goals, strategy, and operating policies.
Middle Managers
Largest group of managers in organizations
Implement top management’s policies and plans.
Supervise and coordinate lower-level managers’ activities.
First-Line Managers
Managers who supervise and coordinate the activities of operating employees.
Planning
Environmental scanning and analysis
Developing a vision of the future
Setting long-term organizational objectives
Developing organizational and competitive strategies
Organizing
Defining tasks and duties
Grouping positions into effective structures (departments)
Clarifying authority, responsibility, and reporting relationships
Allocating scarce resources (financial, human, physical)
Staffing positions with qualified personnel
Leading
Effective communication
Inspiring others to do their best
Motivation and rewards
Trust