Business Management and Organization

Managers are responsible for the process of getting activities completed efficiently through
other people and setting the firms goals through the POLC framework.

1. Top managers à responsible for developing the organizations strategy.
2. Functional managers à responsible for efficiency and effectiveness of an area.
3. Team managers à responsible for coordinating a subgroup.
4. Line managers à leads a function that constitutes to the products the org. creates.
5. Staff managers à leads a function that creates indirect inputs.
6. Project managers à responsible for planning, executing and closing projects.
7. General managers à responsible for managing a revenue producing unit.

3 Groups:
1. Interpersonal:
 a. Figure head: represents the organization in all matters of formality. 
 b. Liaison: interacts with people outside the organization.
 c. Leader: defines relationships between managers and employees.
 2. Informational:
a. Monitor: manager receives and collects information.
b. Dissemmator: manager transmits special information to the organization.
c. Spokesperson: manager transmits organizations information into the
environment.
3. Decisional:
a. Entrepreneur role: manager initiates change.
b. Disturbance handler: manager deals with the threats to an organization.
c. Negotiator role: manager negotiates on behalf of the organization.
d. Resource alocator role: decide where to allocate resources

1. Interpersonal: ensure information is provided
2. Decisional: make use of information
3. Informational: link all managerial work together

POLC

Planning, organizing, leading and controlling.

Social and informal sources of influence that you use to inspire action by others. (Mobilizing
others to struggle towards a common goal).

Recognition of opportunities and use of resources to implement innovative ideas for new
ventures.

How the organization will achieve its objectives.