Lecture Notes for chapter 7 of the course with Prof. McConkey

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Published on 18 Jul 2011
School
UTSC
Department
Management (MGT)
Course
MGTA01H3
Professor
MGTA03
LECTURE 8
CHAPTER 7 – Managers & Managing
Slide 3:
Management is not the arbitrary exercise of power.
Management is about getting things done.
Management makes an enormous difference in the amount of success you achieve in reaching
goals.
Management is fundamental to any pursuit
Slide 4:
To get things done, managers engage in 4 activites:
Management = Planning, Organizing, Leading, Controlling (which are all interrelated)
Slide 5: Planning
Determining what needs to be done, and the best way to achieve it; determining how to achieve
goals and how to do so efficiently.
Creating a business plan; organizing thoughts, sharing with others; initial step to planning for
those who want to start a business
Planning can also include manufacturing, operations, etc.
A Project Plan (another business plan) is used to plan and figure out objectives of major projects
within businesses.
Slide 7: Organizing
Organizing means putting the resources needed into place; Mobilizing the resources necessary to
complete the task:
Creating departments
Adding resources
Giving people tools to communicate
Slide 9: Leading
Guiding and motivating others to meet the organizations objectives
How; Elements of Leadership: teaching and demonstrating, leading by example, creating
incentives
Leaders begin by getting people to want to be part of an organization; having a personality that
makes people want to spend 9-10 hours alongside/under this person.
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Document Summary

Management is not the arbitrary exercise of power. Management makes an enormous difference in the amount of success you achieve in reaching goals. To get things done, managers engage in 4 activites: Management = planning, organizing, leading, controlling (which are all interrelated) Determining what needs to be done, and the best way to achieve it; determining how to achieve goals and how to do so efficiently. Creating a business plan; organizing thoughts, sharing with others; initial step to planning for those who want to start a business. A project plan (another business plan) is used to plan and figure out objectives of major projects within businesses. Organizing means putting the resources needed into place; mobilizing the resources necessary to complete the task: Guiding and motivating others to meet the organization"s objectives. How; elements of leadership: teaching and demonstrating, leading by example, creating incentives.