Free Essay

Management

In:

Submitted By taijulshadin
Words 3050
Pages 13
Case on: profiles of two visionaries: bill gates and Steve jobs

Prepared for:
Rumana Afrose
Lecturer
Department of Business Administration
East West University

Prepared by:
Md. Taijul Islam
ID: 2009-2-10-217

Subject Code: MGT 101Section: 09 |

Date of Submission: November 04, 2013

Table of content:

Introduction
In this assignment contrasting leadership style of Bill Gates and Steve Jobs has been analyzed and main features of the style have been described. The impact of their leadership style individual, team and organizational performance has also been explained. Various global leaders have different leadership style depending on the size and nature of the organization. The two global leaders known for their achievements in their field are Bill Gates and Steve Jobs. Their leadership style has contrasting aspects as well as few similarities.

Profile of Steve jobs: * Name: Steve Jobs * Full Name: Steven Paul Jobs * Aka: Steve Jobs * Aka: Steven Jobs * Birth date: Steven Paul Jobs was born on February 24, 1955, in San Francisco, California. * Education: Reed College, Homestead High School * Occupation: Entrepreneur, Inventor
1 Apr 1976: Apple Computer Inc. is incorporated by Steve Jobs, Steve Wozniak and Ron
Apr 1989: Steve Jobs is named 'Entrepreneur of the decade' by Inc. magazine
Jul 1997: Gil Amelio is ousted by the Apple Board of directors after a disastrous quarter. Steve Jobs is named interim CEO in his place and installs his NeXT executive team at the top of Apple
5 Jan 2000: At Macworld San Francisco, Steve Jobs drops the 'interim' in his title and officially becomes Apple’s CEO.
Apr 2009: Steve receives a liver transplant at the Methodist University Hospital in Memphis, Tennessee. He was weeks away from dying when he got the surgery * Place of death: Palo Alto, California * Death date: October 05, 2011
Profile of bill gates: * Name: bill gates * Full name: William henry gates iii * Birth date: October 28, 1955 (age: 58) * Place of birth: Seattle, Washington * Aka: bill gates * Aka: William henry gates * Aka: William gates * Zodiac sign: Scorpio * Education: lakeside school, Harvard college * Occupation: entrepreneur. Chairman of Microsoft & Co-Chair of the Bill & Melinda Gates Foundation, CEO of Cascade Investment, Chairman of Corbis, Years active 1975–present.Net worth: US$ 76.8 billion (Nov 2013).
1976: Bill Gates founded Microsoft when he formed a contract with MITTS (Micro Instrumentation and Telemetry Systems) to develop a basic operating system for their new microcomputers
1990: Microsoft released its first version of Windows.

Profile of apple Inc.: Logo used since 1998 | Type | Public | Traded as | * NASDAQ: AAPL * NASDAQ-100 component * S&P 500 component | Industry | * Computer hardware * Computer software * Consumer electronics * Digital distribution | Founded | April 1, 1976 (37 years ago)
(incorporated January 3, 1977) | Founder(s) | * Steve Jobs * Steve Wozniak * Ronald Wayne[1] | Headquarters | Apple Campus, 1 Infinite Loop, Cupertino, California, U.S.[2] | Number of locations | 406 retail stores (as of May 2013) | Area served | Worldwide | Key people | Arthur D. Levinson (Chairman)[3]
Tim Cook (CEO),
Steve Jobs (Founder, former CEO) | Products | Products list 2 Products * 2.1 Mac * 2.2 iPad * 2.3 iPod * 2.4 iPhone * 2.5 Apple TV * 2.6 Software | Services | Services list[show] | Revenue | US$ 170.910 billion (2013)[4] | Operating income | US$ 48.999 billion (2013)[4] | Net income | US$ 37.037 billion (2013)[4] | Total assets | US$ 207.000 billion (2013)[4] | Total equity | US$ 123.549 billion (2013)[4] | Employees | 80,000 (2013)[5] | Subsidiaries | FileMaker Inc., Anobit, Braeburn Capital | Website | Apple.com |

Profile of Microsoft Inc: | Type | Public | Traded as | * NASDAQ: MSFT * Dow Jones Industrial Average Component * NASDAQ-100 Component * S&P 500 Component | Industry | Computer software, Computer hardware | Founded | Albuquerque, New Mexico, U.S. (April 4, 1975) | Founder(s) | Bill Gates, Paul Allen | Headquarters | Microsoft Redmond Campus, Redmond, Washington, U.S. | Area served | Worldwide | Key people | * Bill Gates (Chairman) * Steve Ballmer (CEO) | Products | * Windows * Office * Dynamics * Azure * Xbox * Surface * Bing * Skype * more... | Revenue | US$ 77.85 billion (2013)[1] | Operating income | US$ 26.76 billion (2013)[1] | Net income | US$ 21.86 billion (2013)[1] | Total assets | US$ 142.43 billion (2013)[1] | Total equity | US$ 78.94 billion (2013)[1] | Employees | 100,518 (September 2013)[2] | Subsidiaries | List of Microsoft subsidiaries | Website | Microsoft.com | |

Link: http://www.biography.com/people/steve-jobs-9354805?page=2#reinventing-apple http://www.biography.com/people/bill-gates-9307520 Summary
Bill Gates is co-founder, chairman and chief executive officer of Microsoft Corporation, world's leading software provider.
His career is quite long as he started his career in programming personal computer at a very young age of 13. He is an instinctive innovator and entrepreneur. He is very focused in his vision which made his company a market leader in software industry (Gates, 1995).
As a leader his leadership style quite different which has a mixture of autocratic, visionary and participative approaches.
He is actively involved in technology development for new products and in making various strategic decisions. He spends most of his time for staying touch with customers and employees around the world. He expects his managers to have their own personal influence and to take decisions assuming they are the CEO of the organization which showed the participative leadership style. He met his managers regularly to discuss the business strategy. The technology and innovation in the organization is completely decided by Bill Gates where the managers do not possess any role which shows a slight autocratic style. The future for the follower (customer) is decided by Bill Gates who lets us move forward with technology which shows visionary style of leadership (Lowe, 2001).

The leadership style of Steve Jobs is an autocratic style. He did not follow a consultative approach (Dym & Hu, 2005). He expected his staff to excel and he criticized their performance bluntly (Sarah, 2011). He also showed visionary style of leadership. He had career set bach at 1985 which contributed him to develop knowledge and skills about technical aspect which combined which his vision gave innovative products (Kramer, 2011). His intelligence and ability to articulate his vision also made his staffs and customer to bring along his journey (Sarah, 2011). He has a charismatic ability to captivate his staffs and customers by his speech which shows charismatic leadership style (Deutschman, 2000)...

Key words

Q10: How did Bill gates and Steve jobs differ in their leadership style?
Bill Gate’s leadership is participative style because he involves his subordinate in decision making. He is a flexible person and he recognized his role was to be visionary of the company. When it is necessary, he brings professional manager for managing and well structure of the organization.
Gates is a strong and energizing person his enthusiasm, hard working nature, judgment skills reflect his personality. His motivating power and involving his friends to working with him became the success of Microsoft.
On the other hand, Steve Job’s leadership is autocratic style, because he centralizes the authority, he never given a chance to subordinate to involving decision making. He thinks that what ever he do is right. His relation with employees not good, he fails to motivate his employees in many times. Some times he acts as anti Gates, and some times request Microsoft to develop software for his computer. His cocky attitude and lack of management skills became a threat of APPLE’S success.
Bill gates style as Fiedler Model

"In Fiedler's model, leadership effectiveness is the result of interaction between the style of the leader and the characteristics of the environment in which the leader works"
"According to Fiedler, the effectiveness of a leader is determined by the degree of match between a dominant trait of the leader and the favorableness of the situation for the leader.... The dominant trait is a personality factor causing the leader to either relationship-oriented or task-orientated"
Relation-oriented leadership:
Leaders who describe their preferred coworker in favorable terms, with a high LPC, are purported to derive major satisfaction from establishing close relationships with felow workers. High LPC leaders are said to be relationship-orientated. These leaders see that good interpersonal relations as a requirement for task accomplishment.
Task-oriented leadership:
Leaders who describe their least preferred coworker unfavorable terms, with a low LPC, are derived major satisfaction by successfully completing a task. These leaders are said to be task-orientated. They are more concerned with successful task accomplishment and worry about interpersonal relations later
The second major factor in Fiedler's theory is known as situational favorableness or environmental variable. This basically is defined as the degree a situation enables a leader to exert influence over a group. Fiedler then extends his analysis by focusing on three key situational factors, which are leader-member, task structure and position power. Each factor is defined in the following.
1. Leader-member relations: the degree to which the employees accept the leader.
2. Task structure: the degree to which the subordinates’ jobs are described in detail.
3. Position power: the amount of formal authority the leader possesses by virtue of his or her position in the organization.
So in this case Bill Gates found most favorable place where positional power is high as he has most authorities in the firm, task structure is also defined as he gives the direction to subordinate/follower to fulfill his vision, and last leader-member relation is also good.
That’s mean Bill Gates is more likely Task-oriented leader who want performance from his subordinate/follower and work has to be done to achieve the goal/objective of the company.

Level 5 hierarchy

Bill Gates
Bill Gates

Contributing Team Member
Contributing Team Member
Highly Capable Individual
Highly Capable Individual

Level 4 Leaders
Bill Gates has his own visions of what the business needs to do to succeed. He decides on direction and then gets people to implement his vision. This is what level 4 leader refer to as "first what, then who." Level 4 leaders are very much in the conventional mode. They may be effective when it is not too difficult to decide what to do. And Bill Gates is too confident what he wants to do in near future and pursue his vision through his expertise.
Level 5 Leaders
We not put Bill Gates as level five leader because level five leader require both professional will + humility in which definitely he has professional will but there is some doubt about humility, although he is philanthropist who endowed $28 billion dollar in his own Bill & Melinda Gates Foundation and even promise to donate his 95% wealth as he will have aged but even after a lot of critics is there that he is doing all of it just because of status symbol, he is too centralize and blamed for curbing innovation. Leadership style
1. Autocratic style
Control is basic to Gate's nature and his management practice. He has an obsession with detail and with checking up. Exp. Used to sign expenses for his right hand man – STEVE BALLMER.
He is trying to monopolize the World Wide Web software market and has had legal problems with the department of justice. Microsoft restricted the ability of its internet partners to deal with its rivals. Also he dislikes complaints.
2. Delegate style
Brightest talent: Gates paid special attention to recruit and retain the best talent in the software industry. He believed that the recruitment of talented software engineers was one of the most critical elements in the software industry. Gates looked for a bundle of attributes in recruits. These included the capacity to grasp new knowledge quickly, the ability to ask probing questions, and deep familiarity with programming structures. Though a great number of potential recruits applied for jobs at Microsoft, Gates assumed that the best talent would never apply directly. Consequently, Microsoft's HR managers had to hunt for the best talent and offer them a job
Gives autonomy to his manager, he delegates authority to managers to run their independent departments. he use different leadership on organize the company. However Apple achieved great performance and accomplished the set goals and objectives, there also will have pros and cons on it.
The one of the leadership style that used by Steve Jobs is transformational leadership. This type of leadership created a strategic vision, mean that a picture or mental image of what the organization should look like in the future. Transformational leadership is more humane leadership theory, as compared to the transactional theory. This theory believes that employees rise higher through positive motivation than negative motivation. The leader will have a clear idea to guide the employees follow and complete the goal they set. It also can motivate and bonds employees by depiction the company's attractive future.
Transformational leadership believes in inspiring employees to do great work through example and the force of a leader’s personality. It appeals to the higher need of an individual in the Maslow’s hierarchy of needs, which is selfactualization.
From this theory, employees will willingly follow a leader who inspires them. The leader who had vision and passion can transform his followers and together they can achieve the goals. In additions, the energy and enthusiasm are the tonics that give employees to get things done.
Besides that, this effective leadership model that use by Steve Jobs will create an enthusiastic work atmosphere and it will lead the organization with innovations. It will certainly guarantee higher output and efficiency when the employees are working through.

Q2: Compare and contrast the managerial practices of Bill Gates and Steve Jobs.

Bill Gates and Steve Jobs both gave their heart & souls to developing their vision to develop personal computer, but the way they choose was different from other…. Bill gates develop computer language new Altair 8080 pc which became the foundation of Microsoft. Bill continuously develop two other computer languages. When IBM develops their first pc and which need operating system to run the computer, Microsoft develops MS-DOS for IBM.
Gates adopting the changes very fast that are his enthusiasm vision and hard working give him the success. Gates always recognized him as a visionary he always recognize professional management, he decentralize authority to make organization structure better. On the other hand Steve Jobs started apple computer which is hard ware making company. His vision to develop computer with affordable cost and easy to use. When Bill offer the basic to jobs then he rejected jobs proposal and try to develop their own basic with out knowledge of programming, he fail and accept license with Microsoft basic. Jobs play duel personality sometimes he oppose Microsoft sometimes request Microsoft to develop software for their operating system. Jobs force people to choose between Microsoft-IBM operating system and his MAC-operating system. Lack of proper management skills and relation with employees became a barrier of APPLE’s growth.

Q3: What do you think about the future of Microsoft and Apple Computer?
With the success of windows, Office Application and Internet explorer Microsoft became a house hold name and Bill gates became as business genius..
Bill Gates adopting the changes very fast his innovative mind all time busy to developing products. Recent Microsoft develops a number of products like smartphone with loaded Microsoft window. Microsoft has tied with number of hand set manufacturer. Microsoft denies that it get into manufacturing consumer product like telephone, microwaves oven. It will drive innovation in these products by coming up new ideas at what product can do networking them. Microsoft is getting into new exciting business that could catapult it from being a software giant to a major player in from being a software giant to a major player in almost all aspect of human life.

On the other hand APPLE goes wrong direction in 1990s. Because Steve Jobs is very slow to adopting changes that’s the main reason falling the market share. When Jobs realize changes is the only way to survive the market then apple develops innovative iMac which is internet friendly & stylist computer. After sometime Apple gains market. With the iphone, Apple TV, and name charges job&co are setting a new course for the outfit once knows only for its computer.
The new name and device represent APPLE’s strategic shift away from its origins as a personal computing company that has at point struggled both survive and to set the computing world’s agenda.

Conclusion:
Bill Gates, Co-Founder and Chairman of Microsoft, and Steve Jobs, Co-founder and CEO of Apple, are possibly the two most iconic leaders in technology today. With personal wealth worth billions of dollars, both leaders share a passion for their products and a controversial style of leadership. In fact, their beginnings are similar: Jobs dropped out of Reed to create Apple, and Gates left Harvard to start Microsoft. While both young men, Jobs and Gates both became immensely successful with innovative products. Both men lost their business partners as their success grew, Wozniak left Apple after an accident and then to pursue his own interests and Allen departed Microsoft after successfully battling cancer. And in both cases, their secret to their success is in their leadership styles. Yet, this is where they part in similarity. Gates represents the ultimate business man, defined by competitiveness, opportunism, and efficiency. In contrast, Jobs is an idealist, characterized by his unyielding commitment to his own vision. Rather than summarize them alone, I've placed their own words in context of observations on their leadership styles.

Carly Fiorina and Steve Jobs both had very different leadership traits and styles. Leadership effectiveness is often dependent on other factors such as environmental influences and certain situations. Steve Jobs proved to come out a better leader over Carly Fiorina. He showed a higher sensitivity and great relations with his followers, which Ms. Fiorina did not attain. Ms. Fiorina was a good businesswoman but she could not prove herself as a leader. She saw her down fall when she could not relate to her employees, and without followers, there cannot be a leader. So, even though both Carly Fiorina and Steve Jobs held top positions in two of the most prestigious companies, Jobs proved to be the true leader of the two.

Recommendation: (2013, 03). Pros of Steve Jobs Leadership Style. StudyMode.com. Retrieved 03, 2013, from http://www.studymode.com/essays/Pros-Of-Steve-Jobs-Leadership-Style-1482228.html

Similar Documents

Premium Essay

Management

...What is Management? Definitions According to Harold Koontz, "Management is the art of getting things done through and with people in formally organised groups." Harold Koontz gave this definition of management in his book "The Management Theory Jungle". According to Henri Fayol, "To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control." Henri Fayol gave this definition of management in his book "Industrial and General Administration". Image Credits © Michael Heiss. According to Peter Drucker, "Management is a multi-purpose organ that manages business and manages managers and manages workers and work." This definition of management was given by Peter Drucker in his book "The Principles of Management". According to Mary Parker Follet, "Management is the art of getting things done through people." Meaning of Management According to Theo Heimann, management has three different meanings, viz., 1. Management as a Noun : refers to a Group of Managers. 2. Management as a Process : refers to the Functions of Management i.e. Planning, Organising, Directing, Controlling, etc. 3. Management as a Discipline : refers to the Subject of Management. Management is an individual or a group of individuals that accept responsibilities to run an organisation. They Plan, Organise, Direct and Control all the essential activities of the organisation. Management does not do the work themselves. They motivate others to do the work and...

Words: 1096 - Pages: 5

Premium Essay

Management

...Past Influence of Management Today Abstract The past influence of management was done with bureaucracy and Administrative ways that gives management today to achieve their goals for the organization. Bureaucratic management may be described as "a formal system of organization based on clearly defined hierarchical levels and roles in order to maintain efficiency and effectiveness." Administrative has to foresee and make preparation s to meet the financial commercial and technical condition s under which the concerns must be started. How Bureaucratic and Administrative Management Affects Overall Management Bureaucracy Bureaucratic management focuses on the ideal form of organization. Max Weber was the major contributor to bureaucratic management. Based on observation, Weber concluded that many early organizations were inefficiently managed, with decisions based on personal relationships and loyalty. Also, bureaucracy formed the need for organizations to operate rationally rather than relying on owners’ and managers. (Williams’s pg. 31) this brings Jobs are divided into simple, routine and fixed category based on competence and functional specialization. Officers are organized in a n hierarchy in which higher officer controls lower position holders i.e. superior controls subordinates and their performance of subordinates and lower staff could be controlled. All organizational...

Words: 864 - Pages: 4

Premium Essay

Management

...conceptual skills, interpersonal skills, and technical skills. These three managerial skills are used by different managers in different degrees. Successful managers usually display more conceptual than technical skills. They have to continuously think about the company's goals and objectives and how they can be effectively communicated to employees. Middle Level Management Middle management is the intermediate management level accountable to top management and responsible for leading lower level managers. Image of Middle managers fig. 1 Middle managers Middle management is the intermediate management of a hierarchical organization, being subordinate to the senior management but above the lowest levels of operational staff. Key Points Middle management is the intermediate management of a hierarchical organization, subordinate to the senior management but above the lowest levels of operational staff. They are accountable to the top management for their department's function. They provide guidance to lower level managers and inspire them towards better performance. Middle management may be reduced in organizations as a result of reorganization. Such changes include downsizing,...

Words: 635 - Pages: 3

Premium Essay

Management

...Assignment On- “The Evolution of Management Thought and The Patterns of Management Analysis” Submitted To: Professor Dr. Abu Hossain Siddique Department of International Business University of Dhak 9th Batch, EMBA Date of Submission: 4th July,2012 INTRODUCTION Although modern management theory dates primarily from the early twentieth century, there was serious thinking and theorizing about managing many years before. Two events are especially significant to management history. First, in 1776, Adams Smith published The Wealth of Nations, in which he argued the economic advantages that organizations and society would gain from the division of labor (or job specialization). The second important event is the industrial revolution. Starting in the late eighteenth century when machine power was substituted for human power, it became more economical to manufacture goods in factories than at home. These large, efficient factories needed someone to forecast demand, ensure that enough material was on hand to make products, assign task to people, direct daily activities, and so fort. That “someone” was managers, and these managers would need formal theories to guide them in running these large organizations. It wasn’t until the early 1900s, however, that the first steps were taken toward developing such theories. The evolution of modern management thinking begins in the nineteenth century...

Words: 6134 - Pages: 25

Premium Essay

Management

...Classical Management Theory (1900 – 1930) It was the rise of the Industrial Revolution and factories were becoming more common. Inside these factories, managers were constantly look for ways to improve productivity and efficiency. As time moved on, it became apparent that searching for the single best way to do things was the most important thing for managers to do. Thus, classical management theory was born. The Evolution of Classical Management Theory The Industrial Revolution was a time where innovation really began to change the way that products were produced and sold. The invention of machines to produce goods in the 19th century drastically improved productivity, which in turn lowered the cost to the consumer. The lower price resulted in a greater demand for products and thus a greater need for more factories and workers. As factories increased in number, managers continued to search for ways to improve productivity, lower cost, increase quality of their products, improve employee/manager relationships and increase efficiency. The focus shifted from using machines to increase productivity to how they could increase employee productivity and efficiency. When they did this, they began to notice some new problems inside their factory systems. Employees were dissatisfied with their current working conditions, and many lacked the necessary training for how to do their work efficiently. Managers then began to formulate and test possible solutions, one of which was to find...

Words: 952 - Pages: 4

Premium Essay

Management

...The formation of organization implies that a leader should take the role to control the activities of the group; the work done by the leader is what we call management. Organization is formed by a group of people who work together. No matter the organization is a profit making ones or non-profit making ones, its formations are to achieve a common purpose or variety of goals, which are the desired future outcomes. The outcomes might be producing a series of product or serving a group of target customers or satisfying others¡¦ needs. In these organizations, managers mainly are responsible to supervising the work performance of the group members and deciding the use of resources to achieve the organization’s goal. Management can be simply defined as getting things accomplished through other people. Management is then the term describe the work done by the manager, which are planning, organizing, leading and controlling the use of human and other resources, in order to help the organization to achieve a higher organization performance. Planning is to define to goals or targets of the organization and devising action plans to meet organization goals. Organizing is to determine what tasks should be done, arrange jobs to subordinates, controlling the budgeting and divided tasks to individuals or teams. Leading is to motivate staffs to work, maintaining the progress of activities and good relationship and to ensure to work done effective and efficient. Controlling is to measure...

Words: 3855 - Pages: 16

Premium Essay

Management

...MGT115 – Management and Organization Tutorial 1 – Answers 1.1. Who are Managers? a) Explain how managers differ from non-managerial employees? A – Managers differ from non-managerial employees in the sense that they are responsible for coordinating and overseeing the work of their subordinates (who maybe non-managerial or managerial) so as to ensure the organizational goals are met. Non-managerial employees however are only responsible for the task(s) assigned to them. b) Describe how to classify managers in organizations. A – Managers can be classified in to * First-line managers: - Individuals who manage the work of non-managerial employees * Middle managers: - Individuals who manage the work of first-line managers * Top Managers: - Individuals who are responsible for making organization-wide decisions and establishing plans and goals that affect the entire organization. 1.2. What is Management? a) Define management. A – Coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively. b) Explain why efficiency and effectiveness are important to management. A – Because both efficiency (getting the most output for the least inputs) and effectiveness (attaining organizational goals) are important to ensure that there is low resource waste and high goal attainment. 1.3. What do managers do? a) Describe the four functions of management. A – The four functions...

Words: 2602 - Pages: 11

Premium Essay

Management

...Modelling for Change: An Information Systems Perspective on Change Management Models Robert D. Macredie, Carl Sandom and Ray J. Paul Department of Information Systems and Computing, Brunel University, Uxbridge, Middlesex, UB8 3PH Tel: +44 1895 203374; Fax: +44 1895 203391 E-mail: Ray.Paul@brunel.ac.uk; Robert.Macredie@brunel.ac.uk Abstract This paper will focus on the topic of organisational change and its management from an information systems perspective. The paper will examine the issues raised during a review of the change management literature – looking at the major approaches to change management, namely, the planned, emergent and contingency approaches – as background to the issues raised in other papers in this theme of the book. As in the Management In The 90s (MIT90s) study, a very broad definition of the term IT is used to include: computers of all types, hardware, software, communications networks and the integration of computing and communications technologies. The paper will then examine change management within the context of Information Systems (IS) theory and practice. This will lead to a discussion of an emerging model by Orlikowski and Hofman which will be briefly reviewed to provide insight into the types of models which are likely to provide a focus for research in the area in the near future. The model also provides a strong and interesting framework against which to view some of the papers that follow in this theme of the book. 1. Introduction As...

Words: 6387 - Pages: 26

Premium Essay

Management

...The Four Functions of Management Management is the art of effectively organizing people and things using the resources available to achieve an overall goal. Management is necessary because it enables the overall organization, group or business to operate efficiently by properly allocating the resources utilized. Great management within a system that works leads to great success no matter what the venture may be. Management has evolved in that business has become a global enterprise. In today’s global economy, management demands a much more structured, generic and appealing approach because it must communicate to a variety of people (Batemen & Snell, 2008). It is because of this vast increase in the sheer amount of people, that management has gone from a much more “do as I say or your fired” role and transitioned into a “this is the way we do it here at Burger King” kind of way. This generic and appealing yet simpler model of management consists of four basic key concepts. The four key concepts of management include leading, controlling, organizing and planning. I placed them in this particular order because I believe that what they have in common is their ability to be placed in that order. Once a person has shown their ability to lead effectively, it enables that manager to have control over the employee because the manager has shown through their leading that they are fully able to essentially “practice what they preach”. Once a manager has control he can then begin...

Words: 846 - Pages: 4

Premium Essay

Management

...Introduction to Management Technology BMRT 11009 - Section 300 Kent State University MANAGEMENT AMY HISSOM 10/26/2009 TABLE OF CONTENTS Introduction............................................................................................................................................ 3 Managers and Managing ........................................................................................................................ 4 What is Management?..................................................................................................................... 4 Essential Managerial Tasks............................................................................................................... 4 Levels and Skills of Managers ........................................................................................................... 4 Recent Changes in Management Practices ....................................................................................... 5 Challenges for Management in a Global Environment ...................................................................... 5 The Evolution of Management Thought ................................................................................................. 6 F. W. Taylor (1890-1940): Scientific Management ............................................................................ 6 The Gilbreths: Time-and-Motion Study ....................................................................................

Words: 3462 - Pages: 14

Premium Essay

Management

...The Management Planning Process An effective management planning process includes evaluating long-term corporate objectives. Management planning is the process of accessing an organization’s goals and creating a realistic, detailed plan of action for meeting those goals. It is kind of like writing a business plan, a management plan takes into consideration short and long term corporate strategies. Some basic steps in the management planning process involves creating a road map that outlines each task the company must accomplish to meet its overall objectives. There are seven very important management planning process steps I am going to talk a little bit in depth about. The first step in the management planning process is establishing goals. In planning you have to identify specific company goals. The part of the planning process should include a detail overview of each goal, including the reason for its selection and the anticipated outcomes of goal related projects. Anywhere there are possible objectives should be described in quantitative or qualitative terms. For example, a goal is to raise profits by ten percent over a four month period. Establishing goals is a good way to help any organization see their hard pay off. The second step is to identify organizational resources that will be beneficial to them for help and advice. Each goal should have financial and human resources projection associated with its completion. For example, a management plan may identify how many...

Words: 673 - Pages: 3

Premium Essay

Management

...Management by objective (MBO) Management by Objective is a tool that allows managers and employees to come together for the purpose of agreeing upon a set of objectives to achieve the company’s short, medium, or long term future (www.word.com/defination/mangement). The theory intrigued me because management by objective theories can help promote a great team. The overall well-being of the company works better with healthy communication between management and employee’s. I currently manage people clarifying their goals and stimulating theory can be a challenge. Management by objective is an essential part of the mangers daily activities. The Theory for management by objective is to improve planning, better understanding between management and employee, participation in the goal setting process, better informed employees, improved appraisal system and better organization of functional task grouping (Ford, McLaughlin, Nixdorf o 1980). The concept of job planning is a key theory of management by objective because it sets a range of performance systems to assist the employees to stay on track (www.1000ventures.com). When you plan you give your employees an expected result from beginning to end. Better understanding between you and your employees is important because if your employee does not understand what is needed from them they cannot possible meet the company’s needs. If the communication is unclear there is room for error Communication is an essential part...

Words: 635 - Pages: 3

Premium Essay

Management

...One of the first schools of management, the classical management theory, developed during the Industrial Revolution when new problems related to the factory system began to appear. Managers were unsure of how to train employees. A large amount of the non-English speaking immigrants or dealing with increased labor dissatisfaction caused managers to test solutions. According to Plunkett, Attner & Allen (2008) “The classical management focused on finding the “one best way” to perform and manage tasks” (p.38). This school of thought is made up of two branches: classical scientific and classical administrative. The scientific branch arose because of the need to increase efficiency and productivity. The emphasis was on trying to find the best way to get the most work done by examining how the work process was actually accomplished and by paying close attention to the skills of the workforce. The classical scientific school got its roots to several contributors, including Frederick Taylor, Henry Gantt, and Frank and Lillian Gilbreth. Whereas scientific management focused on the productivity of the certain individuals, the classical administrative approach emphasizes on the total organization. The emphasis is on the development of managerial principles rather than work methods. Contributors to this school of thought include: Henri Fayol, Max Weber, Mary Parker Follett, and Chester I. Barnard. During World War II, mathematicians, physicists, and others joined together to solve...

Words: 744 - Pages: 3

Free Essay

Management

...2.4 The Environmental Management System (EMS) application in the related industries. How it can improve the environmental performance of business? Example. 2.4.1 THE ENVIRONMENTAL MANAGEMENT SYSTEM (EMS) Definition: the environmental management system (EMS) refer to one part of the comprehensive management system that relate to organizational structure, planning activities and documented manner, it includes planning, implementation, checking, management review and environmental policy. An environmental management system (EMS) 1. It is environmental performance improving tool. 2. It is effective way to manage organizational companies. 3. Manage organizations to solve environmental problems, like allocation of resources, assignment of responsibility and ongoing evaluation of practices, procedures and processes. 4. Manage the long-term or short-term environmental impact of products service and processes for organizations. 5. Continual improvement is emphasis. EMS Model Plan Act Do Check Step 1: plan (planning) Definition: planning is a way of establish objectives and processes requirement. In order to implement ISO 14001, the first step is suggestion, to help to classify all the current or future operation elements. It includes environmental aspects, compliance, objectives and targets, environmental management programs (EMP). Business firms should plan for environmental protection. They need to plan their current operation or even future operation. The...

Words: 3017 - Pages: 13

Premium Essay

Management

...Management is universal in the modern industrial world. Every industrial organization requires the making of decisions, the coordinating of activities, the handling of people, and the evaluation of performance directed toward group objectives. In addition, our society simply could not exist as we know it today or improve its present status without a steady stream of managers to guide its organization. Peter Drucker makes this same point in stating that effective management is quickly becoming the main resource of developed counties and the most needed resource of developing ones (Certo, 1986). In short, management is very important to our world. Then, what is management? This essay will discuss this topic as following. It has to be recognized that the definitions of management are extremely broad. Harbison and Myers (1959) offered a concept for emphasizing a broader scope for the viewpoint of management. They observe management as an economic resource, a system of authority, and a class or elite from the view of the economist, a specialist in administration and organization, and sociologist respectively. Henri Fayol, “the father of modern management theory,” formulated fourteen principles of management. Hugo Munsterberg applied psychology to industry and management. Max Weber is known for his theory of bureaucracy. Vilfredo Pareto is considered “the father of the social systems approach.” Elton Mayo and F.J. Roethlisberger became famous through their studies of the impact...

Words: 296 - Pages: 2