Tags & Description
what are the four functions on management?
planning, organizing, controlling, leading
what are the levels of management?
top managers, middle managers, first-line managers, team leaders, non-managerial employees
what are the areas of management?
functional and general
functional management
focus on one activity (i.e, Vice President of Production, Director of Finance, Administrator for Human Resources)
general management
focus on all areas (i.e. Executive Vice President)
what are the three types of organizations
for-profit, nonprofit, and mutual benefit
for-profit organization
for making money, make money by offering products or services
non-profit organization
for offering services, offer services to some client, not to make a profit
mutual benefit organization
for aiding members, purpose is to advance members’ interests
planning (functions of management)
setting goals and deciding how to achieve them
organizing (functions of management)
arranging tasks, people, and other resources to accomplish work
leading (functions of management)
motivating, directing, and otherwise influencing people to work hard to achieve the organization’s goals
controlling (functions of management)
monitoring performance, comparing it with goals, and taking corrective action as needed
top managers
managers who determine what the organization’s long-term goals should be for the next 1-5 years with the resources they expect to have available
middle managers
implement policies and plans of the top managers above them and supervise and coordinate the activities of the first-line managers below them
first-line managers
make short-term operating decisions, directing daily tasks of nonmanagerial personnel
team leaders
facilitate team members’ activities to help teams achieve their goals
nonmanagerial employee
those who either work alone on tasks or with others on a variety of teams
management skills
technical, conceptual, and human
technical skills
skills that consist of the job-specific knowledge needed to perform well in a specialized field
conceptual skills
skills that consist of the ability to think analytically, to visualize an organization as a whole and understand how the parts work together
human skills
skills that consist of the ability to work well in cooperation with other people to get things done
soft skills
ability to motivate, to inspire trust, and to communicate with others
internal stakeholders
employees, owners, board of directors
have an important interest in how the organization runs
influence the organization within
reinforce the organizational culture throughout
external stakeholders
task environment and general environment
task environment
many groups present an organization with daily tasks to handle
they include:
customers
competitors
suppliers
distributors
financial institutions
local communities
government regulators
present both challenges & opportunities directly to the organization through influence
organizations in the industry or market space frequently interact with the same task environment elements
general environment
the macro environment of the organization
the forces include:
economic
technological
sociocultural
demographic
political-legal
International
can severely impact the task environment
four ethical approaches
utilitarian, individual, moral-rights, and justice
utilitarian approach
guided by:
result in the greatest good for the greatest number
understanding all will not win
often associated with financial performance
individual approach
guided by:
result in the individual’s best long-term interest
ultimately is in everyone’s self interest
assumes:
people will act ethically in the short run to avoid harm in the long run
the moral-rights approach
guided by:
respect for the fundamental rights of human beings
right to life, liberty, privacy, health, safety, and due process
ex. US Constitution’s Bill of Rights
justice approach
guided by…respect for impartial standards of:
fairness
equity (equity ≠ equality)
policies administered impartially & fairly, regardless of gender, age, sexual orientation, etc.
managerial perspectives
ethnocentric, polycentric, geocentric
ethnocentric managers
believe their native country, culture, language, and behaviors are superior to all others
not always bad (i.e. sending someone from home country to start up foreign subsidiary)
polycentric managers
native managers in the foreign offices best understand native personnel and practice, and so the home offices should leave the, alone (i.e. leaving leadership to native in host country)
geocentric managers
accept that there are differences & similarities between home and foreign personnel & practices & that they should use whatever techniques are most effective (i.e. right person to run subsidiary)
why companies expand internationally
availability of supplies (resources)
new markets available (economics)
lower labor costs
higher skilled labor available
access to financial capital
investments from lowest risk to highest risk
global outsourcing
importing, exporting, & countertrading
licensing & franchising
joint ventures
wholly owner subsidiaries
low-context culture
culture in which shared meanings are primarily derived from written and spoken words
high-context culture
culture in which people rely heavily on situational cues for meaning when communicating with others
monochronic time
one at a time
undivided attention, focus
time is limited, schedule driven, segmented
polychronic time
more than one at a time
time is flexible, multidimensional
can lead to work stress
Hofstede’s Dimensions
individualism/collectivism
power distance
uncertainty avoidance
masculinity/femininity
individualism/collectivism
how much people prefer a loosely knit social framework in which people are expected to take care of themselves (Canada & US) or in which people and organizations are expected to look after each other (Mexico & China)
power distance
the degree to which people accept inequality in social situations
uncertainty avoidance
people’s intolerance for uncertainty and risk
masculinity/femininity
how much people value performance-oriented traits (masculinity) or how much they embrace relationship-oriented traits (femininity)
the GLOBE project
Global
Leadership
&
Organizational
Behavior
Effectiveness
a massive and ongoing cross-cultural investigation of nine cultural dimensions involved in leadership and organizational processes