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Introduction to Management - Coggle Diagram
Introduction to Management
Organisation
Definition
a structured group of people working together to achieve common goals
which involves the division of tasks, responsibilities and resources to improve the efficient aim of objectives
Characteristics
Goals
People
Structure
Types of Employees in organisation
Nonmanagerial
Not responsible for supervising activities of others
Work directly on tasks
Managers
Direct and supervise the activities of others
May different work duties from others
Why manager is important ?
a organisation need a managerial skills and abilities to improve and solve problems
provide leadership, direction and coordination of efforts
play key-role in decision making, resource allocation and ensuring the organisation goals are met
boost employee motivation, productivity and the overall success of the organisation
What is management ?
Management is involves coordinating and supervising the work activities of others so that their activities are completed
efficiently
and
effectively
Efficiency and Effectiveness
Efficiency
“doing the task correctly”
and getting the most output from least amount of inputs
Effectiveness
“doing the right things”
by doing the work tasks that help organisation reach its goals
4 management f(x)s
Planning
defining goals, establish strategy and developing plans to coordinate activities
Organizing
determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom and who will make the decisions
Leading
motivating employees, directing the activities of others, selecting the most effective communicating channel and resolving conflicts
Controlling
monitoring performance, comparing it with goals and correcting any significant deviations
Strategic management and Strategies
Strategic management:
actions taken by managers to create strategies for an organisation
Strategies:
the plan how the company will carry out its duties, compete successfully, and attract clients in order to meet its objectives
Steps in the Strategic Management Process
1)
Identifying the current mission, goals and strategies of the organisation
2)
Establish SWOT Analysis
to helps organisations identify key elements for strategic planning, decision-making, and understanding their position in the market or industry
external analysis
knowing the competition, components of environment, threats and opinions
internal analysis
knowing the resources, capabilities, core competencies, organisation strengths and weaknesses
3)
Formulate Strategies
corporate-level
strategy involves decisions that shape the overall scope and direction of the organization
business-level
strategy focuses on competitive positioning and value creation in a specific market
a
functional-level
strategy addresses how each functional area contributes to achieving broader organizational goals
4)
Implement strategies
application of the strategies
5)
Evaluate results
by determining the effectiveness of the strategies and adjustment needed if necessary
Engineering Management
An engineer who is capable of applying engineering principles as well as having people and project management and organisation skills
Rewards of being a manager
Opportunity to be a responsible for creating a productive work environment that influence the direction and success of the organisation
Receive a recognition and status in your organisation and in the community
Attractive compensation in the form of salaries, bonuses, and stock options
The role offers opportunities for skill development, career advancement, and personal growth after a series of challenges and responsibilities