Professional Documents
Culture Documents
BUSINESS MANAGEMENT
1 Dr.Yesmin Sultana
Senior Assistant Professor,
Department of Marketing,
Faculty of Business Administration, AIUB
LEARNING OUTLINE
FOLLOW THIS LEARNING OUTLINE AS YOU READ AND STUDY THIS CHAPTER.
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L E A R N I N G O U T L I N E (CONTD.)
FOLLOW THIS LEARNING OUTLINE AS YOU READ AND STUDY THIS CHAPTER.
L E A R N I N G O U T L I N E (CONTD.)
FOLLOW THIS LEARNING OUTLINE AS YOU READ AND STUDY THIS CHAPTER.
What Is An Organization?
þ Describe the characteristics of an organization.
þ Explain how the concept of an organization is changing.
Why Study Management?
þ Explain the universality of management concept.
þ Discuss why an understanding of management is important.
þ Describe the rewards and challenges of being a manager.
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WHO ARE
MANAGERS?
þ Manager
Someone who coordinates
and oversees the work of
other people so that
organizational goals can be
accomplished.
CLASSIFYING MANAGERS
First-line Managers
Individuals who manage the work of non-managerial
employees.
Middle Managers
Individuals who manage the work of first-line managers.
Top Managers
Individuals who are responsible for making organization-wide
decisions and establishing plans and goals that affect the
entire organization.
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CLASSIFYING MANAGERS
Managerial Levels
WHAT IS
MANAGEMENT?
Managerial Concerns
þEfficiency
è“Doing things right”
Ü Getting the most output
for the least inputs
þEffectiveness
è“Doing the right things”
Ü Attaining organizational
goals
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Controlling
Monitoring, comparing, and correcting work.
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Management Functions
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Finally, the decisional roles entail making decisions or choices and include
entrepreneur, disturbance handler, resource allocator, and negotiator.
As managers perform these roles, Mintzberg proposed that their activities
included both reflection (thinking) and action (doing).
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WHAT DO MANAGERS
DO? (CONT’D)
Management Roles Approach
(Mintzberg)
þ Interpersonal Roles
èFigurehead, leader, liaison
þ Informational Roles
èMonitor, disseminator,
spokesperson
þ Decisional Roles
èDisturbance handler,
resource allocator,
negotiator, entrepreneur
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Changes Impacting
the Manager’s Job
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WHAT IS AN ORGANIZATION?
µ An Organization Defined
A deliberate arrangement of people to accomplish some
specific purpose (that individuals independently could not
accomplish alone).
µ Common Characteristics of Organizations
þ Have a distinct purpose (goal)
þ Composed of people
þ Have a deliberate structure
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Characteristics of Organizations
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