From this chapter I mainly learn about:
Management process/functions involve 4 basic activities;
1. Planning and Decision Making – Determining Courses of Action,
2. Organizing – Coordinating Activities and Resources,
3. Leading – Managing, Motivating and Directing People,
4. Controlling – Monitoring and Evaluating activities.
Most organizations, however, still have four basic levels of management: top, middle, first line, and team leaders.
• Top-Level Managers. As you would expect, top-level managers (or top managers) are the “bosses” of the organization. ...
• Middle Managers. ...
• First-Line Managers. ...
• Team Leaders.
Functional Areas of Management – 4 Major Areas: Production Management, Marketing Management, Financial Management and Human Resource Management
• Production Management: As far as manufacturing organization is concerned, production is a core function. ...
• Marketing Management: ...
• Financial Management: ...
• Human Resource Management:
Basic Managerial roles:
Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling. 1 Consider what each of these functions entails, as well as how each may look in action.
5 Managerial Skills are;
• Technical Skill.
• Conceptual Skill.
• Interpersonal and Communication Skills.
• Decision-Making Skill.
• Diagnostic and Analytical Skills.
From this chapter I will be able to Understand the managerial roles that mangers play and the skills they need to be successful.