Roles played by managers

1.Interpersonal roles 2.Informational roles 3.Decisional roles

Classification of interpersonal roles

1.Figurehead role when they represent their respective units in outside world in ceremonial and civic activities 2.Leadership when they initiate and coordinate activities in their units 3.Liaison when they interact with persons in other units within and outside orgnztn

Classification of informational roles

1. Monitor role -managers are centrally located in the flow of information (records manager) 2. Disseminator role -managers transmit and disseminate information 3. Spokesperson role -managers represent and speak for their units vis--vis other units of organization and outsiders

Classification of decisional roles

1.Entrepreneurial role identify new opportunities, development of new products, services, methods or activities 2. Problem solver identify solutions and take action to overcome continuous problems 3.Resource allocator distribution of funds, personnel, materials and other resources

Classification of decisional roles (continued)

4.Negotiator involves in negotiation outside the organization

Skills of a manager
1.Interpersonal skills they must be skilled in human relations 2.Technical skills they should have tools, methods, techniques appriate to their activities 3.Conceptual skills they need the ability to abstract from concrete to picture the larger systems

Public of which managers are accountable for

Internal - stockholders External - firms customers - firms employees and laborers - firms suppliers

Training of managers
1. Different across many nations and culture 2. In Phils and U.S. business schools

Entrepreneurship
-founder of an enterprise -risk taker -innovator

Difference between business manager and entrepreneur

Business manager merely administers wealth Entrepreneurs create wealth