About This Chapter
Managing and Leading in Business: Chapter Summary and Learning Objectives
Managerial and leadership skills are an important part of running any successful business. In this chapter, our instructor defines management and leadership in terms of business, explains the differences between these organizational roles and their various functions, and provides examples of managerial planning, organizing, and employee guiding. In addition, you will learn how to analyze business practices, strategize for future organizational change, and increase employee productivity. Key terms will be introduced and defined throughout the chapter. After completing this chapter, you should be able to:
- Define and describe the terms management, leadership, single-use plans, policy, and more
- Identify Henry Mintzberg's 10 roles of management
- Explain the roles of planning, organizing, controlling, and leading as a function of management
- Describe the four types of organizational change, what drives them, and how managers can effectively deal with the challenges of change
- Name the four steps involved in the organizational control process and how to use them to achieve the goals of a business
|Managerial Skills: How Good Managers Promote Productivity||Learn how technical, human, and conceptual managerial skills promote productivity.|
|Four Functions of Management: Planning, Organizing, Leading & Controlling||Understand and identify the four functions of management.|
|Types of Planning: Strategic, Tactical, Operational & Contingency Planning||Learn the four types of planning and terms such as, single-use plans, continuing plans, policy, procedure, and rule.|
|What is SWOT Analysis||Understand SWOT analysis with examples.|
|Types of Internal Organizational Change: Structural, Strategic, People, and Process||Learn about the four types of internal organizational change with examples.|
|Leadership: Leaders & Their Role in Organizations||Define leadership and its organizational role.|
|What is Management by Objective? - Defining the MBO Process||Define and describe management by objective.|
1. Managerial Skills: How Good Managers Promote Productivity
This lesson will discuss the types of skills a manager needs, including technical, human, and conceptual skills. You'll learn how each of these skill sets impacts a manager's ability to effectively lead his or her employees.
2. Four Functions of Management: Planning, Organizing, Leading & Controlling
A person who holds a management position inside an organization is required to think strategically and conceptually in order to achieve organizational goals. This lesson will describe the four functions of management and how they relate to organizational success.
3. Types of Planning: Strategic, Tactical, Operational & Contingency Planning
This lesson will explain the four types of planning used by managers, including strategic, tactical, operational and contingency planning. Terms, such as single-use plans, continuing plans, policy, procedure and rule, will also be defined.
4. What is a SWOT Analysis?
In the business world, as in many other places, decisions aren't made lightly. Rather, management spends a long time considering the pros and cons of every choice. This lesson will teach you about one of the key ways they do that, the SWOT analysis.
5. Types of Internal Organizational Change: Structural, Strategic, People, and Process
Organizational change can occur in response to internal or external factors. This lesson focuses specifically on those changes that occur in a company's internal environment, including structural, strategic, people and process changes.
6. Leadership: Leaders & Their Role in Organizations
Leadership is the action of leading employees to achieve goals. It plays an important role in employee performance and productivity. Learn about how leaders influence employee behavior in this lesson.
7. What Is Management by Objective? - Defining the MBO Process
Management by objective (MBO) changed the way many companies worked and functioned. With MBO, employees' input was sought out and used to help develop the goals and objectives for the organization.
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Other chapters within the Business 100: Intro to Business course
- The Dynamic Business Environment
- Practicing Social Responsibility and Ethical Behavior in Business
- Economics and Business
- Business in Global Markets
- Forms of Business Ownership
- Entrepreneurship and Small Business
- Leadership Styles in Business
- Organizational Management
- Business Production and Operations
- Workplace Productivity & Motivation
- Basics of Human Resources
- Managing the Employer-Worker Relationship
- Business Marketing Basics
- Product Development and Retailing
- Product Distribution & Supply Chain Management
- Pricing Strategy in Marketing
- Product Promotion in Business
- MIS Basics in Business
- Implications of Information Technology
- Risk Management in Business
- Accounting Basics
- Financial Management in Business
- Securities Markets and Business
- Money and Financial Institutions
- Studying for Business 100