[fdnmanp] intro to management

• Important managerial skills


  • Technical skills
  • Human skills
  • Conceptual skills
• Technical skills


  Expertise in a particular area—marketing, accounting, finance or human resources
• Human skills


  Abilities in getting along with people, leadership, helping others to be motivated, communication and conflict resolution
• Conceptual skills


  The ability to think about complex and broad organization issues
• Management


  The process of planning, organizing, leading, and controlling human and other resources towards the effective achievement of organizational goals
• Organization


  A goal-directed, deliberately-structured group of people working together to provide specific goods and services
• Four management functions


  • Planning
  • Organizing
  • Leading
  • Controlling
• Planning


  Deciding on an organization's goals and strategies, and identifying the appropriate organizational resources that are required to achieve them
• Organizing


  Ensuring that tasks have been assigned and a structure of organizational relationships has been created that facilitates meeting organizational goals
• Leading


  Relating with other members in the organizational unit so that their work efforts contribute to the achievement of organizational goals
• Controlling


  Ensuring that the actions of organizational members are consistent with its values and standards
• Effectiveness


  Doing the right thing, choosing the right organizational goals to pursue
• Efficiency


  Doing things right, maximizing output while minimizing inputs
• Three approaches to management

  • Financial Bottom Line (FBL) Management
  • Triple Bottom Line (TBL) Management
  • Social and Ecological Thought (SET) Management
• Financial Bottom Line (FBL) Management


  Focus on maximizing organizations' financial performance
• Triple Bottom Line (TBL) Management


  Focus on maximizing financial performance via sustainable development (triple bottom line refers to financial, social, and ecological well-being)
• Social and Ecological Thought (SET) Management

  Focus on socio-ecological well-being ahead of maximizing financial
• Benefits of learning 3 types of management

  • Increases critical thinking skills
  • Improve ethical thinking skills
  • Has benefits similar to becoming multilingual