Chapter 7 - Management

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Chapter 7 - Management par Mind Map: Chapter 7 - Management

1. Ethical Behaviour and Management (Determining what behavior is good and ethical; in the best interest of people and the company.)

1.1. Management and Employees

1.1.1. Leads employees by example and acts as ethical role models for the company.

1.2. Management and the Environment

1.2.1. Considers the impact of decisions on the environment to minimize environmental damage.

1.3. Management and the Community

1.3.1. Making good ethical decisions that impact the local community, such as donating to charitable causes and organizing fundraising drives.

2. How Management Functions (Methods by which management tries to achieve company goals.)

2.1. Planning

2.1.1. The process of setting realistic and achievable goals for the company.

2.2. Organizing

2.2.1. Arranging tasks in order to properly carry out business plans.

2.3. Leading

2.3.1. Motivating, Communicating, and Encouraging Participation.

2.3.1.1. All encompass the various ways a manager plays a role in ensuring that a team has good morale.

2.4. Controlling

2.4.1. Used to control allocated resources.

3. Levels of Management (The levels of management which dictate general responsibilities.)

3.1. Upper Management

3.1.1. Sets long-term, high profile company goals. Usually has a CEO, CFO, or COO title/

3.2. Middle Management

3.2.1. Puts the plans from upper management in to action. Job title tends to be a variation including the word "manager".

3.3. Lower-Level Management

3.3.1. Implements plans from middle and higher, usually with the title of some kind of leader.

4. Managing Resources (The different managers for each different resource area. Does not involve the management of physical people.)

4.1. Purchasing

4.1.1. Negotiating deals for the supply and delivery of raw materials, euqipment, supplies and goods for resale.

4.2. Production

4.2.1. Making the things or finished products that are supposed to be made.

4.3. Marketing and Distribution

4.3.1. Ensuring that what the company produces gets sold.

4.4. Research and Development

4.4.1. Creating new products and services or coming up with new and better ways to produce them.

4.5. Finance

4.5.1. Keeping records of the company's financial transactions and controlling the company's money.

5. Teamwork in companies (Managing people to make sure that each member of the company is working well with each other.)

5.1. Committee

5.1.1. People from different areas doing ongoing work on a specific tasks.

5.2. Task force

5.2.1. Established to accomplish a specific task, after which it is disbanded.

5.3. Cross-functional team

5.3.1. Has members from different functional areas for diversity of input and quick decision making.

5.4. Self-managed work team

5.4.1. Has no official leader and is responsible for its own work and hiring, developing, training and scheduling.

5.5. Virtual team

5.5.1. Works across long distances by computer communication. Saves money and time.

5.6. Informal team

5.6.1. Not put together by management and forms naturally. Example: lunch group.

6. Leadership/Leadership Styles (All managers have different leadership styles, all which work in slightly different ways, despite usually ending with the same quality of result

6.1. Autocratic leadership

6.1.1. The autocratic leader takes control of decisions and does not allow the employees to participate in decision making.

6.2. Laissez-faire Leadership

6.2.1. The laissez-faire leader leaves the employees alone to do their job.

6.3. Democratic leadership

6.3.1. The democratic leader provides opportunities for the employees to participate in decision making.