Chapter 1: Management and Entrepreneurship Learning Objectives

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Chapter 1 Management and EntrepreneurshipLearnin
g Objectives

• Why study Management?
• What does it take to be a successful manager?
• Discuss the basic responsibilities of a manager
  in terms of key resources.
• What are the key Management Skills?
• What are the 4 key Management Functions?
• Discuss Mintzberg's management roles.
• What are the various levels of Management?
• What are the various contexts in which Management
  is applied?

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Management and Entrepreneurship

• Why Study Management?

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Management and Entrepreneurship

• What Does It Take to Be a Successful Manager?
• Qualities?
• Skills?

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Managers Responsibilities

• To himself or herself?
• Use of Resources?
• Performance of Functions?

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Managements Responsibilities

• The Managers Resources
• Human
• Financial
• Physical
• Informational

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?Management Skills

• Conceptual skills
• Diagnostic, analytical, and critical-thinking
  skills
• Quantitative reasoning skills
• Time management skills

• Communication skills
• Team skills
• Diversity skills
• Power, political, negotiation, and networking
  skills
• Motivation skills
• Conflict management skills
• Ethics skills

• Familiarity and competence in the use of business
  skills required for success on the job.

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Management Roles
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Management Skills, Functions, and Roles
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Differences Among Managers

• The Three Levels of Management
• Top managers
• CEO, president, or vice president
• Middle managers
• Sales manager, branch manager, or department head
• First-line managers
• Crew leader, supervisor, head nurse, or office
  manager
• Nonmanagement operative employees
• Workers in the organization who are supervised by
  first-line managers

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?Management Levels and Functional Areas
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Skills/Functions performed at the different
Management levels
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Contexts of Management
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Management andEntrepreneurship

1. What resources does Gap Inc. use to sell its
   merchandise?
2. What management functions are performed at Gap
   stores?
3. What levels and types of managers have careers at
   Gap Inc.?
4. Is Gap Inc. entrepreneurial and/or
   intrapreneurial?

IDEAS ON MANAGEMENT at Gap Inc.