Aalas Cmar

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Organization

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A group of people who work together to achieve some specific purpose.

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Management

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1) The pursuit of organizational goals efficiently and effectively by 2) Integrating the work of people through 3) planning, organizing, leading, and controlling the organization’s resources.

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Efficiency

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(The means)- To use resources - people,money, raw materials, and the like- wisely and cost-effectively

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Effectiveness

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the ends. To achieve results, to make the right decisions, and successfully carry them out so that they achieve the organization’s goals.

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Mentor

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Experienced person who provided guidance to someone new to the work world

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What Mangers Do: Four Principle Functions

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Planning, Organizing, Leading, Controlling

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Planning

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Setting goals and deciding how to achieve them

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Organizing

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Arranging tasks, people, and other resources to accomplish the work

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Leading

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Is defined as motivating, directing, and otherwise influencing people to work hard to achieve the organizations goals.

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Controlling

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Monitoring performance, comparing it with goals and taking corrective action as needed

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Competitive Advantage

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Ability of an organization to produce goods or services more effectively than competitors do, Thereby outperforming them

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To maintain competitive advantage an organization must stay ahead in four areas:

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(1) being responsive to customers (2)innovation (3) quality (4) efficiency

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Innovation

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Finding ways to deliver new or better goods or services

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Challenge #1 to Being an exceptional manager

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Managing for competitive advantage -staying ahead of rivals

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Challenge #2 of being an exceptional manager

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Managing for Information Technology- Dealing with the “New Normal”

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Internet

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The global network of independently operating interconnected computers, linking hundreds of thousands of smaller networks around the world

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E-commerce

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Electronic commerce- the buying and selling of goods or services over computer networks

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E-business

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Using the internet to facilitate every aspect of running a business

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Efficiency

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Companies strive to produce goods or services as quickly as possible using as few employees and raw materials as possible

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Cloud Computing

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The storing of software and data on gigantic collection of computers located away from a company’s principal site

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Databases

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Computerized collections of interrelated files

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Big data

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Stores of data so vast that conventional database management systems cannot handle them

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Artificial intelligence (AI)

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Is the discipline concerned with creating computer systems that simulate human reasoning and sensation

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Knowledge management

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The implementing of systems and practices to increase the training sharing of knowledge and information throughout and organization.

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Collaborative Computing

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Using state of the art computer software and hardware will help people work better together

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Challenge #3 of being an exceptional manager

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Managing for Diversity

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Challenge #4 of being an exceptional manager

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Managing for globalization

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Challenge #5 of being an exceptional manager

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Managing for ethical standards

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Challenge #6 of being an exceptional manager

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Managing for sustainability

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Sustainability

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Economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs

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Challenge #7 of being an exceptional manager

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Managing for Happiness and meaningfulness

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Happiness

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Getting what you want, of having your desires fulfilled

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Meaningfulness

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Achieving a valued sense of ones self and ones purpose within the larger context of life and community

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Top managers

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Make long term decisions about the overall direction of the organization and establish the objectives, policies, and strategies for dealing with them

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Middle managers

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Implement the policies and plans of the top managers above them and supervise and coordinate the activities of the first- line managers below them

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High touch job

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Dealing with people rather than computer screens or voice- response systems

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First line managers

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Make short term operating decisions, directing the daily task of non- managerial personnel

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Team leader

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A manager who is responsible for facilitating team activities toward achieving key results

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Functional Manager

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Responsible for just one organizational activity

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General Manager

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Is responsible for several organizational activities

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Technical Skills

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Job specific knowledge needed to perform well in a specialized field

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Conceptual Skills

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Ability to think analytically, to visualize and organization as a whole and understand how the parts work together

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Human Skills

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Ability to work well in cooperation with other people to get things done

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Soft Skills

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Ability to motivate, to inspire trust, to communicate with others

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Interpersonal roles

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Managers interact with people inside and outside their work units. Includes figurehead, leader and liaison activities

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Informational roles

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Managers receive and communicate information with people inside and outside the organization as the monitor disseminator and spokesperson