Management

Definition of management (lecture & text)
"getting work done through others... concerned with efficiency and effectiveness in the work process.
Types of managers
Top Managers
Middle managers
First -line managers
Team leaders
Models (what are they generally, lecture only)
Useful simplification of reality
Four Functions
1. Planning- Set goals ,Create rules
2. Organize- Find jobs that need to be done, hiring people to do them
3. Leading- Influence people to get the job done, maintain moral
4. Controlling- Setting standards, comparing performance with standards and corrective action
Managerial Skills
1. Conceptual skills- How the company works
2.Human Skills- talking and communicating to people
3. Technical skills- knowing how to do a specific task
Gaining management skills
source of learning: Reading, reflection, relationships, real exp.
Skills are gained by combining multiple sources of learning and self management
Roles of a team leader
Responsible for for facilitating team activities toward accomplishing a goal.
Mintzberg's 3 main managerial roles
1.interpersonal- figurehead, leader, liasion
2. informational- monitor, disseminator,spokesperson
3. decisional roles- entrepreneur, disturbance handler, negotiator, resource allocator
top 3 mistakes managers make
1. insensitive to others; abrasive, intimidating, bully style
2.cold, aloof, arrogant,
3. betray trust
4. overly ambitious: thinking of the next hob playing politics
5. specific performance problems with business
6. overmanaging: unable to delegate or build a team
7. unable to staff effectively
8. unable to think strategically
9.unable to adopt to boss with different style
10. overdependent on advocate or mentor
Each stage of self-management process, including tips &
mistakes (lecture only)
1. Self-assessment & planning: tips- who am I now, what do I want to be , what are my strengths what do I want them to be. Mistakes- not having any standards, ignoring important parts of our identities
2. Goal setting: tips- what I need to do in order to get where I want to go, set SMART goals. Mistakes- failing to set goals, setting vague goals, failing to follow through.
3. Self-Control: tips- what is important, what is urgent. Mistakes- allowing negative emotions or habits to derail us.
4. Evaluating and rewarding: tips- Determine what you've accomplished and reward accordingly. Mistakes- Rewarding to early or late or too much, punishing yourself if you fail.
Morgenstern's time management tips
Assign to-do list tasks to a home in your schedule.
Delete, delay, diminish, delegate
Key characteristics of "stars" (Webber article),
-4 elements of initiative
-3 rules of initiative
-How they network (economics of networking
1. Doing something above and beyond your job description. 2. Helping other people. 3. Risk taking 4. seeing an activity through completion
1. Before taking on anything new make sure you are doing your own job well. 2. Social initiatives don't count for much 3.Type of initiatives that matter are those that relate to companies critical path
Always on the lookout to add people to their network. Use networks to multiply productivity
Team Productivity equation
Actual Production= Potential production + Process gains - process losses
Process gains/losses (lecture)
Info exchange
Load balancing
Social faciliation
Process Losses
Group maintenance
Social loafing
Production blocking
Norms - how to set and maintain (lecture)
Informal standards that regulate team behavior
Work-team characteristics (section 10-3 headings and
key points; pp. 208-212)
Team norms, Cohesiveness, size, conflict, development
Enhancing work-team effectiveness (section 10-4
headings and key points; pp. 212-217)
Setting goals
Managing how members are selected, trained and compensated
Two main roles team members play
Task role: I have another idea, check for understanding, listen, devils advocate
Social Role: Bring team together, team building exercise
Types of conflict (and how to increase desirable conflict)
Task Conflict: good, beneficial, bring up alt points
Relationship conflict: Bad, not helpful, "I don't like your ideas"
Characteristics of good team meetings (lecture)
Have clear ground rules for decision making, include time for debate and questions
Equal participation, have summary
Maximizing benefits of diversity (lecture)
Get to know each others background, create time for questions, assume best intentions
What is the marshmallow principle
Any team that manages and pays close attention to work will do well
Ethics & ethical behavior definitions (lecture & text)
Ethics is the principles that defines what is right or wrong
Ethical behavior is the behavior that is accepted principles of Right vs wrong
Stages of Moral Development
1. Avoid punishment 2. Maintain exchange relationships 3. Earn approval of others 4. Follow rules and laws 5. Protect individual rights 6.Follow universal principles
Ethical principles
Long term self interest, Personal virtue, religious injunctions, government requirements, utilitarian benefits individual rights, distributive justice
Encouraging ethical behavior
hire ethical people; establish code of ethics; provide training; ethical climate
Types of deviance
Production deviance: Unethical behavior that hurts the quality and quantity of work load
Property deviance: Unethical behavior aimed at the org. property or products
Political deviance: Using ones influence to harm others in the company.
Workplace deviance: unethical behavior that violates org. norms about right or wrong
6 factors of ethical intensity
1. Magnitude of consequences
2. Social consensus
3. Probability of effect
4. Temporal immediacy
5. Proximity of effect
6. concentration of effect
6 stages of moral development
1. Punishment and obedience 2.Instrumental exchange 3. good boy nice girl 4. Law and order 5. social contract 6. universal principle
7 ethical principles
1. Long term self interest 2. religious injunctions 3. government requirements 4. Individual rights 5. personal rights 6. distributive justice 7. utilitarian benefits
6 steps in ethical decision making model
1. Identify the problem 2. identify the constituents 3. diagnose the situation 4. analyze your options 5. make your choice 6. Act
Shareholder vs. Stakeholder
Shareholders - Purpose of business is to maximize profits

Stakeholders- Purpose of business is to create value for society
BP
Responsive
Stoney
Proactive
Triple bottom line
social, environmental (or ecological) and financial.
Corporate social responsibility
a business's obligation to pursue policies, make decisions, and take actions that benefit society

Economics
legal
ethical
discretionary
Ethonomics
to earn profits in an ethical manner
Social Responsiveness Strategies
Reactive- do less the society expects you to do
Defensive- companies that do the bare min to be socially responsible
Accommodative- A social responsive strategy in which a company accepts resonbility for problem and does all that society expects to solve problem
Proactive- to do and anticipate the most social responsibility
Environmental scanning
Systematically searching the environment for events that or issues that might affect the org.
Components of general environment
Economy, technology, sociocultural, political/legal
Component of specific environment
Customers, competitors, suppliers, industry specific laws, advocacy groups
Levels of culture
Surface level- symbolic behaviors seen
Expressed values- What people say how decisions are made herd
Unconsciously held assumptions- beliefs and assumptions rarely discussed believed
Confirmation bias
-once you have an idea you tend to only pay attention to evidence that supports it
-People using same evidence o support two completely contradictory ideas
Forces for internationalization
Modern communication technology
Air travel
Corporate globalism
Internationalization process
Stage 1: Exporting
Stage 2: Cooperative contracts
Stage 3: Strategic alliances
Stage 4: Wholly owned affiliates
Culture formation and maintenance
created org. in their own images and imprinted their own beliefs
organizational stories
stories told by organizational members to make sense of organizational events and changes and to emphasize culturally consistent assumptions, decisions, and actions
organizational heroes
people celebrated for their qualities and achievements within an organization
Effective missions
briefly define an org. purpose for stakeholders in a way thats enduring, inspirational, clear, consistant, and clear with company values
Two different types of cooperative contracts
Licensing- A business arrangement in which one company gives another company permission to manufacture its product for a specified payment

Franchising-A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration.
Getting into business
-family owned
- starting new
- buy existing
-buy franchise
Types of ownership (and differences between them)

- Propretorship/ Partnership: No seperateation between business income and personal income
-Corporation: can act like people sued etc.
-Subchapter s-corporation:
-LLC: Only taxed once and still have legal protection
Key ideas behind 'burn your business plan'
work on your company itself then just writing the plan

More likely to get investors by showing action rather than just talking and writing about it.

Why do managers need to know about tariffs and trade
free trade gives consumers more choices and purchasing
staff authority
the right to advise but not command others who are not subordinates in the chain of command
delegation of authorty
the assignment of direct authority and responsibility to a subordinate to complete task for which the manager is normally responsible for
three transfers of delegation of authorty
responsibility, authority, and accountability
decentralization
the location of a significant amount of authority in the lower levels of the organization
Centralization
the location of most authority at the upper levels of the organization
People-Centered practices
Human capital: Potential of workforce, captured in their knowledge/skill/motivation

Human Resource Management: Process of attracting, developing, and keeping a qualified workforce
General model of HR management
Recruitment and selection
Desired performance
Training and development
Compensation and rewards
Training objectives and methods
impart information and knowledge;develop analytical and problem solving skills;practice, learn, or change job behavoirs
Job characteristics
-Skill variety
-Task Identity
-Task significance
-Autonomy
-Feedback
Expectancy Theory
When expediencies are strong employees believe that their hard work and efforts will result in good performance, so they work harder and when expediencies are low people don't believe that so they don't work hard at all
Goals work best when
-They are difficult and specific
-Person is committed to pursuit
-Person has confidence in attainment
-Feedback is provided
-Task is fairly well learned
Latham and Baldes study
That when truck drivers were given a specific and difficult goal to meet they worked extra hard to meet the goal. Their performance rose and stayed at that level for 7 years.
Each motivation theory's relevance to managers
Motivating with basics
Motivating with equity theory
Motivating with Expectancy theory
Motivating with reinforcement theory
Motivating with goal setting theory
Motivating with integrated model
Reinforcement theory
The theory that behavior is a function of its consequences that behaviors followed by positive consequences will occur more frequently
Maslow Theory
People are motivated by physiological, safety, belongs , esteem, and self actualization
Equity Theory
People will be motivated when they compare what they put into work and what they got out relative to others is equal.

Ratios that are equal means people will be motivated
Fairness theory
People are motivated to be treated fairly

Distributive
Procedural
Interactive

Managers that are perceived as fair will avoid a lot of issues
Greenberg Study
When employees feel that they are not being treated fair they will steal form you

People will be more accepting of unfair outcomes if they feel like there is lot of procedural fairness
4 broad types of leadership theory, history of leadership theories
Trait theory
Behavioral theory
situational theory
transformation theory