1 Who are managers?2 What do managers do?3 What is management?4 Why study management?Who are Managers?A manager is someone who works with and through other people by coordinating their workactivities in order to accomplish organizational goalsWhat do managers do?No two managers’ jobs are alike But management writers and researchers have developed some specificcategorization schemes to describe what managers do We can focus on following five categorizationschemes while making mind what do managers doManagement functions and management process as detailed below:Traditionally, a manager’s job has been classified according to the following four functionsPlanning: determining organizational goals and the means for achieving themOrganizing: deciding where decisions will be made, who will do what jobs and tasks, and who will workfor whomLeading: inspiring and motivating workers to work hard to achieve organizational goalsNew-style managers perform four functionsmaking things happen; meeting the competition; organizing people, projects, and processes; andleadingWhat is Management?We define management as the process of coordinating and integrating work activities so that they arecompleted efficiently and effectively with and through other peopleThe process represents the ongoing functions of primary activities engaged in by managers These functionsare typically labeled planning, organizing, leading, and controlling Let us remember it by POLCAWhy Study Management?Management is important for our society, industry and government organizations Every product we use, every service we receive, and every action we take is provided or affectedby organizationsModern management ensures to create competitive advantage through PeopleA Top-performing companies recognize the importance of the way they treat their work forces.B These companies use ideas such as employee satisfaction, sharing information, self-managed teams, and trainingand skill developmentC Investing in people will create long-lasting competitive advantages that are difficult for othercompanies to duplicateD Sound management practices can produce substantial advantages in sales, revenues, and customersatisfactionE Poorly performing companies that adopted management techniques as simple as settingexpectations, coaching, and rewarding were able to substantially improve return on investmentBy studying management, students will be able to recognize good management and encourage it,After graduation, you will either manage or be managed shall help you to be familiar with the internal working of organizations