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International Management I - Master FH Trier (Fach) / Managment Careers (Lektion)
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- Role of Management 1. To guide organizations toward goal accomplishment2. To combine and use resources for attainment of organizational purpose Encourage beneficial individual activity Management has no meaning apart from its goals!
- Management Definition 1.process of continuing and related activities2. involves and concentrates on reaching organizational goals3. works with and through people and other organizational resources “Management” is defined as the process of reaching organizational goals by working with and through people and other organizational resources. (Certo & Certo, 2006) A Definition of Management
- Management Definition - agreed upon aspects •It is the PROCESS of continuing and related activities.•It involves and concentrates on REACHING GOALS•It reaches them through PEOPLE and other resources
- Management Functions –Planning–Organizing–Influencing–Controlling
- Management Function - Planning choosing tasks focus on reaching goals organizational performance: short-term, mid-term and long-term
- Management Function - Organizing assigning the tasks to persons or groups mechanism to put plans giving assignments individual success => department success => company success
- Management Function - Influencing members of organisation (motivating, leading, directing) guiding the activities of staff in appropriate directions ultimate purpose of influencing is to increase productivity
- Management Function - Controlling 1. Gather information that measures recent performance2. Compare present performance to pre-established standards3. Determine modifications to meet pre-established standards. Controlling is an ongoing process
- Management aspects when chasing the attainment of goals •Bias for action•Closeness to customer•Autonomy and entrepreneurship•Productivity through people•Hands-on, value-driven orientation•Simple organizational form with lean staff
- In pursuing goals, management uses four basic types of organizational resources: (1) human (with skills, knowledge etc)(2) monetary (e.g. budgets to pay bills)(3) raw materials (e.g. ingredients)(4) capital (e.g. machines, equipment)
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- Effective vs. efficient • effectiveness involves doing the right thing.• efficiency involves the amount of resources used for what is desired (basically doing things right). 2x2 Matrix: effizient-ineffizient und effektiv-ineffektiv
- Universiality of Management Management principles are applicable to all organizations (businesses, churches, hospitals..) and to all organizational levels.
- Characteristics of successful managers Positive physical and mental qualitiesSpecial knowledge related to operation EnthusiasmEarnestness of purposeConfidenceFaith in their own worthwileness / ability But not unanimiously agreed upon.
- What is a career? Definition:A career is the sequence of work-related positions over the person’s working. Careers are generally viewed as evolving through a series of career stages and are linked to Life Stages, and Performance–Exploration Stage–Establishment Stage–Maintenance Stage - Career plateauing–Decline Stage
- Methods to promote your own career •Tactics•Development of a career path•Proactively viewing one’s self as a business to develop•Working for others who can help in the development
- Special career cases Women managers Dual Career Couples