Intro to HRM

• Management is defined as a process to achieve organizational goals
• A process is a set of ongoing and interrelated activities
• Ongoing activities are continued as new activities are started, not in a linear, step-by-step fashion
• Interrelated activities influence each other
• Management ensures essential activities are done efficiently and effectively
• The management process consists of four primary functions: planning, organizing, leading, and controlling
• The management process is not always linear and changes are made as unforeseen events arise
• Planning involves defining performance goals for the organization and determining actions and resources needed to achieve the goals
• Strategic plans are long-term and affect the entire organization
• Tactical plans translate strategic plans into specific actions to be implemented by departments
• Organizing function involves deciding how the organization will be structured and how activities will be coordinated
• Involves assigning authority and responsibility, allocating resources, and defining coordination of activities
• Leading involves generating enthusiasm and inspiring effort to achieve goals
• Leaders use knowledge, character, and charisma to build commitment and encourage high performance
• Leaders communicate goals, create shared values, and motivate people to support plans
• Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications when needed
• Controlling provides information to keep the corporate goal on track
• Managers keep informed of what is happening and make necessary changes based on monitoring
• Controlling is often described as a feedback loop
• The management process consists of four primary functions: planning, organizing, leading, and controlling
• The management process is ongoing and interrelated
• Managers must ensure that essential activities are done efficiently and effectively
• Planning involves defining performance goals for the organization and determining actions and resources needed to achieve the goals
• Strategic plans are long-term and affect the entire organization
• Tactical plans translate strategic plans into specific actions to be implemented by departments
• Organizing function involves deciding how the organization will be structured and assigning authority and responsibility
• Organizing also includes allocating resources and defining how activities of groups and individuals will be coordinated
• Leading involves using knowledge, character, and charisma to generate enthusiasm and inspire effort to achieve goals
• Leaders communicate goals, build commitment to a common vision, create shared values and culture, and encourage high performance
• Leaders inspire people to support plans and create belief and commitment
• Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications and corrections when needed
• Controlling provides information to keep the corporate goal on track
• Controlling is often described as a feedback loop
• Close monitoring as the plan progressed allowed the company to make changes and state-of-the-art innovations that have resulted in a very successful transition.