STMGT101 Lecture 1 What is management

What is management? Management functions Introduction to Management Who are managers? What is management? What managers do? Readings: Chapter The contemporary workplace Who Are Managers? ORGANIZATION A collection of people working together to achieve a common purpose Non-managerial employees Who work directly on a job or task No responsibility for overseeing work of others Managers Who directly support and help activate the work efforts and performance accomplishments of others Responsible not just for his or her own work, but for the overall performance accomplishments of a team, department, or even the organisation as a whole Managerial Levels Responsible for making org-wide decisions & establishing plans + goals that affect the entire organization 2 What Is Management? Management is a process of getting things done effectively and efficiently, with and through people • Managerial Concerns • Effectiveness • “Doing the right things” • Attaining organizational goals • Efficiency • “Doing things right” • Getting the most output for the least inputs Effectiveness and Efficiency Management Functions ...2 What Is Management? Management is a process of getting things done effectively and efficiently, with and through... “Doing things right” • Getting the most output for the least inputs Effectiveness and Efficiency Management Functions