MGT 3150 Lecture Notes - Lecture 2: Henry Mintzberg, Firstline, Resource Allocation
Document Summary
Management: process of getting things done, effectively and efficiently, through and with other people. Efficiency: relationship between inputs and outputs- seeks to minimize resource costs; doing the thing correctly. Getting things done by working through other people. Directing activities to direct them to achieve the goals of the organization. Organization- 2 or more entities that have a common purpose and a structure. Efficient and effective with all assets of the organization. Operatives-non-managers, individual contributors, do most of work for organization. Managers: individuals in an organization who direct the activities of others. Individuals can be an operative and a manager. Anyone with a senior or chief in their title. Set the vision and direction for the company and communicate it. Middle managers responsibilities: (with more middle managers-more hierarchal --> less flexibility in market organizations are moving to more flat structured organizations) Long term strategies implementation that lead to achieving company vision/overall goals give direction to lower managers to achieve intermediaries.
