In this chapter, we will address the following questions: What are the rewards of being an exceptional manager? What are seven challenges I can look forward to as a manager? What would I actually do that is, what would be my four principal functions as a manager? What would I actually do that is, what would be my four principal functions as a manager? To be an exceptional manager, what roles must I play successfully? Do I have what it takes to be an entrepreneur? | Chapter One The Exceptional Manager: What You Do, How You Do It McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Major Questions You Should Be Able to Answer What are the rewards of being an exceptional manager? What are seven challenges I can look forward to as a manager? What would I actually do—that is, what would be my four principal functions—as a manager? What are the levels and areas of management I need to know to move up, down, and sideways? Major Questions You Should Be Able to Answer To be an exceptional manager, what roles must I play successfully? Do I have what it takes to be an entrepreneur? To be a terrific manager, what skills should I cultivate? Management: What It Is, What Its Benefits Are Managers operate within an organization Organization a group of people who work together to achieve some specific purpose Management: What It Is, What Its Benefits Are Management is defined as The pursuit of organizational goals efficiently and effectively by Integrating the work of people through Planning, organizing, leading, and controlling the organization’s resources Rewards of Studying Management Understanding how to deal with organizations from the outside Understanding how to relate to your supervisors Understanding how to interact with coworkers Understanding how to manage yourself in the workplace Rewards of Practicing Management You and your employees can experience a sense of accomplishment. You can stretch your abilities and magnify your range. You can build a catalog of successful products or services. Seven Challenges to Being an Exceptional Manager Managing for competitive advantage – staying ahead of rivals Managing for diversity – the future won’t resemble the past Managing for globalization – the expanding management universe Seven Challenges to Being an Exceptional Manager Managing for information technology Managing for ethical standards Managing for sustainability— The business of green Managing for your own happiness & life goals Managing for Competitive Advantage Competitive advantage the ability of an organization to produce goods or services more effectively than competitors do, thereby outperforming them Managing for Sustainability Sustainability economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs What Managers Do: The Four Principal Functions Figure Pyramid Power: Levels & Areas of Management Figure Three Types of Managerial Roles Interpersonal roles managers interact with people inside and outside their work units figurehead, leader, liaison Informational roles managers receive and communicate information monitor, disseminator, spokesperson Three Types of Managerial Roles Decisional roles managers use information to make decisions to solve problems or take advantage of opportunities entrepreneur, disturbance handler, resource allocator, negotiator
