Principles of Management

1. Leadership

1.1. The act of influencing others toward a goal.

2. Entrepreneurship

2.1. The recognition of opportunites and the use of creation of resources to implement innovative ideas for new thoughtfully planned ventures

3. Strategy

3.1. The central, integrated, externally-oriented concept of how an organization will achieve all of its goals

4. Economic, Social and Environmental Performance

4.1. Economic-Producing benefits for their customers accomplished through product innovation and efficent use of resources to produce some form of profit

4.2. Social- consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholder, etc.

5. Managing Learning Syles

5.1. Visual Learners- people who acquire knowledge though images, pictures, colors of graphic materials

5.2. Auditory Learners- people who acquire knowledge though hearing

6. Types of Managers

6.1. Top Managers-Develop the company's strategy and are the steward for their company's vision.

6.2. Functional Managers- are responsible for the efficiency of a specific area within their company such as accounting

6.3. Supervisory Managers- responsible for coordinating a subgroup of a specific area

6.4. Line Managers-Lead a team that coordinates directly to the product or service

6.5. Staff Managers-Lead a group that creates direct inputs. They lead an advisory role.

6.6. Project Manager- are responsible for the planning, execution and completion of projects

6.7. General Managers- are responsible for managing a clearly identifiable, revenue- producing unit.

7. Managerial Roles

7.1. Interpersonal - figurehead, leader, and liaison

7.2. Informational- monitor, disseminator, and spokesperson

7.3. Decisional- entrepreneur, disturbance handler, resource allocator, negotiator

8. Organizing, Leading and Controling

8.1. Planning- involves setting objectives and determining a course of action for achieving those objectives

8.2. Organizing- the management function that involves developing an organizational structure and allocating human resources to ensure the completion of objectives.

8.3. Leading- involves social and informal sources of influence used to inspire others to take action utilizing knowledge of personalities, values, attitudes and emotions

8.4. Controlling- involves ensuring that managerial actions do not deviate from standards by creating processes and procedures that ensure consistent behavior.

9. Performance of individuals and groups

9.1. Individual level performance- that add value but are not part of a formal job description

9.1.1. Organizational Citizenship Behavior (OCBs)- voluntary behaviors employees preform to help others and benefit the organization

9.2. Group Level Preformance- focusus on both the outcomes and process of collections of individual or groups

9.2.1. Team- a cohesive coalition of people working together to achieve mutual goals