Advanced Management

Module: Advanced Management
Text Book: New Era of Management, International Edition by Richard L. Daft
1)

The Nature of Management (CH 1 & 7)
1.1) W hat is management?
 Getting things done with/thru people – Mary Parker Follet
 Has certain principles and guidelines
 A combination of practice and theory
 Apply theory
 Practice without theory is limited by experience
 W hat is good in the past experience may not be good for the present time or future
 Knowledge with practice make a better manager
 Today’s definition of management is more technocrat.
 “Management is what managers do” - Dr Lourdes.
 Managers manage and responsi ble for the work of others
 Does management matter?
 Good vs bad management
 Historically management is learned thru practice
 To run organization better
 More complex issues today
 Involves managing a lot of money
 Global competition.
 More challenging environment
 Application of management skills depends on individual
 Mintzberg – management mus be practised to be effective manager.
 Mismanagement issue
 Companies and government fail because of poor management
1.2) W hat do managers do? Peter Drucker and tasks of manag ement.
 Peter Drucker define management by the tasks the managers do.
1. Set objectives
1. determine what objectives, goals
2. Organizes
1. analyze the activities, decisions and relations needed.
2. Classify work and divide into managable jobs.
3. Then group the jobs into org structure.
4. Then select people
3. Motivate & communicate
1. Make a team, thru own practice, relation,
2. people decision on pay, placement & promotion
3. thru constant communications with superiors and subordinates
4. Measurement
1. Establish yardstik to measure performance
2. Analyse, appraise and interpret performance
3. Communicate the meaning of the measurements
5. Develop people including himself
 10 Managerial Roles of managers (Mintzberg) – p21, Ex 1.7
 Information processing