Tutorial: Business Academy Topic: Introduction to Management Prepared by: Ing. Adéla Hrabcová Projekt Anglicky v odborných předmětech, CZ.1.07/1.3.09/ je spolufinancován Evropským sociálním fondem a státním rozpočtem České republiky.

MANAGEMENT The word ‚management‘ might have several meanings: 1.specific activity – a profession or an activity in which a manager does not perform tasks by himself, but through other people – subordinates 2.group of managers – staff in the company‘s management 3.discipline – an area of the study that deals with the establishment of procedures how to achieve the company‘s goals the most efficiently

Literature offers a lot of definitions of ‚management‘ Some of them emphasize the content of managerial work: Management is a set of opinions, experiences, recommendations, approaches and methods that managers use to achieve specific activities (managerial functions) that are necessary to reach the organization‘s goals. M ANAGEMENT DEFINITION

The other definitions emphasize the meaningfulness of management: Management is the art to make people do what is necessary. Another key factors of managerial activities: Management is mobilizing and stimulating of all sources of the institution to achieve desired benefits. MANAGEMENT DEFINITION

Managerial functions are typical activities performed by managers. Managerial functions are divided into four groups:PlanningOrganizingLeadingControlling Human resource management is also considered as a component of managerial functions. Another managerial functions that deal with all already mentioned functions are decision-making function and communication. Managerial functions

Planning Planning– a function that involves a process of defining goals, formulating strategies to achieve predetermined goals and plans for coordination and integration of particular activities. Organizing Organizing – a function that involves setting tasks, determination who will perform them when arranging into groups, who will pass on the reports or where the decisions will be made. Leading Leading – a function of leading is a motivation of subordinates, influencing individuals or teams, selection of communication and management problems. controlling controlling– a function of controlling is monitoring actual output, its comparing with standards and possibly searching for corrective measures.

P Planning O Organizing S Staffing D Directing CO COordinating R Reporting B Budgeting Another classification of managerial functions is a system of POSDCORB. Another classification of managerial functions is a system of POSDCORB. The author is an American L. Gulick. When he was 3O years old, he arranged a new way of managerial function. The name is an acronym from the initial letters of English names of each function.

Questions How can you imagine the concept of management? What meanings can this word acquire? Name managerial functions. Which managerial functions are cut across all functions? What does the acronym POSDCORB mean?

Fill in following management definitions: Management is the art to make people 1 __________ what is 2 ____________. Management means 3 ___________ and stimulating of all 4 ___________of the institution to achieve 5 ____________. Management is a set of opinions, 6 ________________, recommendations, 7_ ________________ that managers use to manage specific 8 ____________(managerial functions) that are 9 _____________to achieve 10_ ________of the organization.

 ROBBINS, S. P.; COULTER, M. Management. Přel. V. Šafaříková. 1. vyd. Praha Grada Publishing, s. ISBN  LEDNICKÝ, V. Základy managementu. 1. vydání. Ostrava: Akademie J. A. Komenského, ISBN  VEBER, J., et al. Management: základy, moderní manažerské přístupy, výkonnost a prosperita. Praha: Management Press, ISBN