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Lecture 1

MGMT 309 Lecture 1: Managing the Manager's Job


Department
Management
Course Code
MGMT 309
Professor
Bradley Wesner
Lecture
1

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Managing the Manager's Job
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!
Organization: a group of people working together in a structured
and coordinated fashion to achieve a set of goals
Our job is to coordinate the organization and people in it
Types
Human resources
Financial resources
Physical resources
Information resources
What is management?
Takes place in an organization or structure
Leadership is the foundation of the structure and
permeates throughout the structure
Management is at top of structure
Manager allocates resources
Human, financial, physical, information
Using the functions of
Planning
Ex: Creating a budget
Organizing
Ex: Structuring of HR into organization chart
!Leading
Ex: Influencing others to achieve
organizational goals created in the planning
function
Controlling
Ex: Comparing budget with actual figures
and taking corrective action if necessary
All functions are interdependent
Performing these functions efficiently and
effectively creates a competitive advantage,
leading to achieving organizational goals
Management in organizations

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Inputs from the environment
Human resources
Financial resources
Physical resources
Information resources
Job
Planning and decision making
Organizing
Leading
Controlling
Goals
Efficiently
Using resources wisely and in a cost effective
way
Effectively
Making the right decisions and successfully
implementing them
Management is a set of activities - planning and decision
making, organizing, leading, and controlling - directed at an
organization's human, financial, physical, and information
resources with the aim of achieving organizational goal sin
an efficient and effective manner.
Manager: someone whose primary responsibility is to carry out the
management process
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The Management Process
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Management involves four basic activities:
Planning and decision making
Setting the organization's goals and deciding how best
to achieve them
Every goal we set must be achievable and measurable
Organizing
Determining how best to group activities and resources
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Leading
Motivating members of the organization to work in the
best interests of the organization
Drawing that inner desire out of people to perform is
the most difficult job of a manager
Controlling
Monitoring and correcting ongoing activities to facilitate
goal attainment
Keep process on task to arrive at goal
Most managers engage in more than one activity at a time and
often move back and forth between the activities in unpredictable
ways
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Kinds of Managers by Level and Area
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Levels of management: the differentiation of managers into three
basic categories:
Top managers
Small group of executives who manage the overall
organization
Create the organization's goals, overall strategy,
operating policies
Face of the organization, driving force
Middle managers
Primarily responsible for implementing the policies and
plans of top managers
Supervise and coordinate the activities of lower level
manager
Difficult job!!
Filter for the information to go from lower level up
to top managers
First-line managers
Supervise and coordinate the activities of operating
employees
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