Transcript Lecture 2

Lecture 2
Basic activity of mgmt, Mgr at every level do
planning
Determined through objectives of organization &
establishment of appropriate strategies for
achieving them.
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Strategy provides- with direction, A sense of unity of
purpose – integrative blueprint for organization
Strategy serves to obtain a match b/w external
environment & internal capabilities.
intended to achieve a sustained competitive advantage
over competitors.
Planning involves selecting “missions & objectives”
Fall 2013 & actions to achieve them.
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Involves establishing intentional structure of
roles for people to fill in organization
Organizing involves turning plans into actions
After developing strategy, & plans to achieve
the objective they need to develop an
organization to accomplish objectives
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Measuring
&
correcting
individual
&
organizational performance to ensure that
events conform to plans.
 3 elements:
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 Establishing Standard of Performance
 Info that indicates Deviation b/w actual versus
established standards
 Actions to Correct performance that doesn’t meet
standards
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Facilitates accomplishment of plans.
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Influencing people- so that they will contribute
to organization & group goals
 Predominantly, to do with interpersonal aspect
of managing
 In project Most important problems arise form
people – their desires & attitudes, their behavior
as individuals & in groups
 Effective project mgrs also need to be effective
leaders.
 Leadership implies follower-ship & people tend
to follow those who offer means of satisfying
their own needs, wishes, & desires.
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Planning
• Setting performance
objectives & deciding
how to achieve them
Organizing
• Arranging tasks, people, &
other resources to
accomplish the work
The
Management
Process
Controlling
• Measuring performance
& taking action to
ensure desired results
Leading
• Inspiring people to
work hard to achieve
high performance
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Chapter 2: Drucker, Peter Ferdinand.
Management: Tasks, Responsibilities,
Practices. New York: Harper Collins, 1973.
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