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Principles of Management
Introduction to
Management
Management Levels and Types
Introduction to Management
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Entrepreneurship
Introduction to
Management
(continued)
Introduction to Management
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Introduction to Management > Principles of Management
Principles of Management
• Defining Management
• Fulfilling the Organizing Function
• Fulfilling the Controlling Function
• Fulfilling the Leading Function
• Fulfilling the Planning Function
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Introduction to Management > Management Levels and Types
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Introduction to Management > Core Requirements of Successful Managers
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Introduction to Management > Additional Roles and Skills of Managers
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Introduction to Management > Current Challenges in Management
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Introduction to Management > Entrepreneurship
Entrepreneurship
• Introduction to Entrepreneurship
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Appendix
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Introduction to Management
Key terms
• accountability Being responsible for one's own work and answering for the repercussions of one's own actions.
• accountability Individuals' responsibility for their own work and acceptance of the repercussions of their actions.
• agenda A temporally organized plan for matters for discussion or tasks to be carried out.
• allocating The act of distributing a given set of resources according to a plan.
• anti-trust A set of laws that ensures no company dominates an industry (i.e. creates a monopoly).
• Branding A business's ability to communicate a specific image, generally one that will entice consumers or add value.
• capital expenditure Funds spent by a company to acquire or upgrade a long-term asset.
• competitive advantage Something that places a company or a person ahead of competing businesses.
• competitive advantage Something that places a company or a person ahead of a competing business.
• conceptual Pertaining to the ability to apprehend or form an idea in the mind; the ability to create a mental abstraction.
• Consultation A conference for the exchange of information and advice.
• control Influence or authority over.
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Introduction to Management
• controller A person who audits and manages the financial affairs of a company or government; a comptroller.
• decisional Having the power or authority to make decisions.
• delayering A planned reduction in the number of layers of a management hierarchy.
• delegating Assigning a task to somebody, usually a subordinate.
• delegation The act of committing a task to someone, especially a subordinate.
• delegation The act of commiting a task to someone, especially a subordinate.
• differentiation A strategy focused on creating a distinct product for a specific population.
• empathy The intellectual identification of the thoughts, feelings, or state of another person.
• empower To give someone the strength and/or the means to accomplish something.
• entrepreneur A person who organizes and operates a business venture and assumes much of the associated risk.
• entrepreneurship The art or science of innovation and risk-taking for profit in business.
• evolves Constantly changes and develops.
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Introduction to Management
• Experiential Of, related to, encountered in, or derived from an activity or event.
• for-profit An organization engaged in the trade of goods, services, or both to customers with the goal of earning profit to
increase the wealth of the business's owners.
• forecasting The act of estimating future outcomes.
• genuine Belonging to, or proceeding from the original stock; native; hence, not counterfeit, spurious, false, or adulterated;
authentic; real; natural; true; pure.
• gross domestic product A fiscal measure of an entire region's economic production over a specific time frame.
• groupthink Decision making that is often characterized by a high degree of conformity.
• Hegemony The dominance of one social group over another.
• hierarchical Ranked in some order, often order of importance or power.
• hierarchy An arrangement of items in which the items are represented as being "above," "below," or "at the same level as" one
another.
• incentives Ways to promote a desired action.
• Informational Designed or able to impart information.
• Intercultural Representative of many different cultures simultaneously.
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Introduction to Management
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Introduction to Management
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Introduction to Management
Experiential learning
The process of experiential learning is cyclical, with no required starting or end point. Learning through experiences requires observation,
conceptualization, and experimentation to engage the mind.
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Introduction to Management
Example of an agenda
An agenda sometimes combines a process flow and a checklist, where employees and management involved in a given operational process track
progress and provide updates. The image above illustrates a Gantt chart, which uses a bar graph to show progress toward completion.
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Introduction to Management
Government accountability
Governing authorities have the obligation to report, explain, and answer for resulting consequences of their actions.
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Wikipedia. "George Bush signs the Federal Funding Accountability and Transparency Act of 2006." CC BY-SA
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Introduction to Management
Research planning
Planning involves the creation and maintenance of a plan.
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Introduction to Management
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Flickr. "All sizes | MassDOT Employees of Month Honored, May 5, 2010 | Flickr - Photo Sharing!." CC BY
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Introduction to Management
Disruptive technology
This graph underscores the concept that technology advancement is both a constant opportunity and a constant threat.
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http://www.innovationmanagement.org/Wiki/images/3/3a/Subsequent_Technology_Life_Cycles.jpg. CC BY-SA
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Introduction to Management
Management processes
Management styles vary among types of organizations, but they still follow the main steps of planning, organizing, directing, and controlling.
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Introduction to Management
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Introduction to Management
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Introduction to Management
Globalization Process
This chart illustrates the complementary localizing and internationalizing responsibilities of a globalizing organization. The organization must place an
international focus on product design, development, and QA to ensure its broad relevance while also localizing marketing to tailor its appeal to individual
markets.
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WikiPedia. "Four Level Pyramid Model." CC BY-SA 3.0 http://upload.wikimedia.org/wikipedia/commons/d/dd/Four-Level-Pyramid-model.png View on
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Introduction to Management
SMART criteria
Each component of the SMART model describes an effective attribute of a performance objective. Objectives should be Specific, Measurable,
Achievable, Relevant, and Time-bound.
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Justin Paulsen. "Original figure by Justin Paulsen. Licensed CC BY-SA 3.0." CC BY-SA 3.0 View on Boundless.com
Introduction to Management
Design management
Teams can create solutions through integration, giving the manager the ability to solve problems more complex than one individual can handle.
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Introduction to Management
Attribution
• Wiktionary. "Informational." CC BY-SA 3.0 http://en.wiktionary.org/wiki/Informational
• Wiktionary. "interpersonal." CC BY-SA 3.0 http://en.wiktionary.org/wiki/interpersonal
• Wiktionary. "decisional." CC BY-SA 3.0 http://en.wiktionary.org/wiki/decisional
• newtrendsinmanagement Wikispace. "Why Management Fails." CC BY-SA 3.0
http://newtrendsinmanagement.wikispaces.com/Why+Management+Fails
• Wikipedia. "Middle management." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Middle_management
• Wikipedia. "Management." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Management
• Wikipedia. "Four-Level-Pyramid model." CC BY-SA 3.0 http://en.wikipedia.org/wiki/File:Four-Level-Pyramid-model.png
• Wikipedia. "delayering." CC BY-SA 3.0 http://en.wikipedia.org/wiki/delayering
• Wikipedia. "Entrepreneurship." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Entrepreneurship
• Wiktionary. "entrepreneurship." CC BY-SA 3.0 http://en.wiktionary.org/wiki/entrepreneurship
• Wiktionary. "entrepreneur." CC BY-SA 3.0 http://en.wiktionary.org/wiki/entrepreneur
• Wikibooks. "Getting Started as an Entrepreneur/Opportunity/Entrepreneurship Is." CC BY-SA 3.0
http://en.wikibooks.org/wiki/Getting_Started_as_an_Entrepreneur/Opportunity/Entrepreneurship_Is
• WikiPedia. "SMART Criteria." CC BY-SA 3.0 http://en.wikipedia.org/wiki/SMART_criteria
• Wikipedia. "Performance indicator." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Performance_indicator
• Wikipedia. "Goal setting." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Goal_setting
• Wikipedia. "Goal Setting." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Goal%20Setting
• Wikipedia. "Motivation." CC BY-SA 3.0 http://en.wikipedia.org/wiki/Motivation
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Introduction to Management
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Introduction to Management
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Introduction to Management
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Introduction to Management
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Introduction to Management
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