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MGT - 501
Lecture 2
Essential of Management
Prof. Dr. Mukhtar Ahmed
mgt501@vu.edu.pk
Virtual University Pakistan
www.vu.edu.pk
Todays Topics
Management
Manage
self
Manage others, and
Manage the environment
Management - Definition
The process of Planning,
Organizing, Directing and
Controlling organizational
resources to achieve
organizational goals
Dr. Mukhtar Ahmed
Functions of Management
Planning
Controlling
Organizing
Leading
Dr. Mukhtar Ahmed
Planning
Planning: process used by managers to
Planning (cont..)
Organizing
Organizing: creating the structure of
Organizing (cont..)
of employees
Dr. Mukhtar Ahmed
Leading
Leading (cont.)
accomplishing goals
Controlling
Controlling: evaluating how well the
Controlling (cont.)
A management function concerned
with monitoring activities
Planning
PHYSICAL
RESOURCES
ORGANIZATIONAL
GOALS
INFORMATION
RESOURCES
Leading
FINANCIAL
RESOURCES
Dr. Mukhtar Ahmed
Organizational Performance
- T. Lasorda
Dr. Mukhtar Ahmed
Manager ??
Lets discuss who
performs the functions of
management
Dr. Mukhtar Ahmed
Manager
Individuals in an
organization
who direct the
activities of
others
Dr. Mukhtar Ahmed
Manager
Someone who participates in the
management process by
Manager
The people responsible for supervising
the use of an organizations resources
to meet its goals
Someone who participates in the
management process by planning,
organizing, leading, or controlling the
organization's resources
Dr. Mukhtar Ahmed
Cost
Customer Satisfaction
Managerial Skills
Conceptual skills
The
Human skills
The
Technical skills
The
Levels of Management
Levels of Managers
Top
Managers
Middle
Managers
First-line
Managers
Dr. Mukhtar Ahmed
Interpersonal
Skills
Technical
Skills
Managerial Roles
1.
Interpersonal Roles
2.
Informational Roles
3.
Decisional Roles
Interpersonal roles
Informational roles
Decisional roles
entrepreneur develops new ideas and initiates
changes in the organization;
disturbance handler handles problems that arise
such as strikes, copyright infringements, and energy
shortages;
resource allocator determines who should receive
the available resources and who should have access
to the manager's time;
negotiator represents the organization in a
negotiation setting such as collective bargaining for
a union contract or developing an agreement with a
consultant.
Remember!
Its not enough to know
about managing you
need to be prepared to do
it!
Dr. Mukhtar Ahmed
Managing People
All managers must be concerned with activities
like.
Staffing (hiring and firing)
Retention (motivating people)
Development (encourage & train)
Adjustment (alternative arrangements)
Managing change (burning issue of today)
Dr. Mukhtar Ahmed
HR is part of
Management!
Dr. Mukhtar Ahmed
HR Professionals
Responsibilities
Establish HRM procedures
Develop/choose HRM methods
related activities
Dr. Mukhtar Ahmed
Effective
HRM
Effective
Organization