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Introduction to Management Unit Overview What is management? What is management coordination? What are objectives? Management characteristics Management skills In the home In the community In school In government In business/enterprise Management v Enterprise Management (2006 SQ 3) Management is the process of setting and achieving objectives by making the best use of people, time, money and equipment A manager (CEO) or (MD) is responsible for the overall day to day running of the business Co-ordination (2001 SQ 4) Managers must ensure that all parts of an organisation is working towards a common goal Everyone needs to be aware of the overall objectives Good managers ensures that the plans and activities of each section fits in with each other What is an Objective? An objective is a target to be achieved some time in the future Business Example: Increase sales by 10% in the next year Personal Example: Get an A1 in Business in the Leaving Certificate!! A general objective Is a mission statement It gives an outline of the overall aims of the organisation Example: Pfizer’s mission is to apply science and our global resources to improve health and wellbeing at every stage of life A specific objective A statement of a more narrow and defined target Example: The company will increase the workforce by 10% this year Tactical Objective A short to medium term goal It will take to years to achieve Example: increase sales by 20% within three years Strategic Objective A long term goal It will take to 20 years to achieve Example: expand internationally by opening 20 shops around the world Management Terms Effectiveness Efficiency Productivity Leadership They coordinate the efforts of staff in each department in order to ensure that harmony and common goals are known achieved (2001 SQ 4) They motivate staff by being aware of the factors that entice workers to be more productive Communication Communication is a management skill that involves the transfer of information from one person to another in a way that it is received and understood Communication involves being able to: Read and write in the appropriate language Speak to individuals and groups Be aware of the recipient(s) Stimulate, motivate and negotiate Listen, filter and absorb Act on feedback Motivation Is a management skill that involves persuading people to act in a certain way It involves being aware of the factors that lead people to act in a certain way Theories of motivation include McGregor’s Theory X and Throry Y and Maslow’s Hierarchy of needs Management skills in the home Leaders: Parents/Guardians Communicate with: Children, school, doctors, banks, friends Motivate: children to house & school work & have healthy lifestyle Management skills in the community Leaders = Volunteers Communicate with: Businesses, voluntary groups, government agencies Motivate: Government to give grants, businesses to give sponsorship, locals to give free time Management skills in school Leaders: Principal & Deputy Principal Communicate with: Teachers, students, parents, HSE, doctors Motivate: Teachers & students to work hard, parents to support children, fundraise… Management skills in government Leaders = Ministers Communicate with: Civil servants, social partners (IBEC, ICTU, IFA) Motivate: All social partners to agree on national wage agreements and policies Management skills in business/enterprise Leaders: Entrepreneurs Communicate with: Investors, suppliers, customers… Motivate: Investors to give them money, suppliers to give credit & discount Similarities between Enterprise & Management Choose three characteristics that are the same and explain each one using a heading and bullet points Distinguish between Enterprise & Management (2009 SQ 7) Enterprise is the ability to generate new ideas, identify opportunities and have the confidence, motivation & determination to take an uninsurable risk to turn an idea into reality Example: Mark Zuckerberg took the risk to setup Facebook …whereas… Management is the process of getting objectives & activities completed efficiently & effectively through the use of human & financial resources on a day to day basis Management skills Leadership, Communication & Motivation Management activities Planing Organising & Controlling Example: Manager of a branch of Dunnes Stores Sample Exam Questions Short 2009 Q Enterprise v management 2006 Q Management 2001 Q Co-ordination Long 2009 Q4 2002 Q (Management skills in home, community, government, business start up) 1999 Q (Letter: management characteristics) Applied Business Questions 2010 (C): Management Skills 2004 (C): Management Skills 1999 (C): Management Skills Recap and Review What is management? What is management coordination? What are objectives? Management characteristics Management skills In the home In the community In school In government In business/enterprise Management v Enterprise
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