What should managers understand about management and leadership?

"Introduction Learning Outcomes After reading this chapter, you should be able to answer these questions: What is the role of management? What are the four types of planning? What are the primary functions of managers in organizing activities? How do leadership styles influence a corporate culture? How do organizations control activities? What roles do managers take on in different organizational settings? What set of managerial skills is necessary for managerial success? What trends will affect management in the future? Exhibit 6.1 (Credit: Urs Rüegsegger / flickr / Public Domain Mark 1.0) Jalem Getz BuyCostumes.com/Wantable, Inc. You might ask, “How does one come to work in the world of online costume retail?” A passion for holiday make-believe and dress-up? A keen eye for business potential? The drive to capitalize on a competitive advantage? If you’re Jalem Getz, the answer is: all of these. Getz is the founder of BuyCostumes.com, an online costume and accessories retailer and, most recently, founder of Wantable, Inc. E X P L O R I N G B U S I N E S S C A R E E R S 1. 2. 3. 4. 5. 6. 7. 8. 6 Management and Leadership in Today's Organizations\n\nToday’s companies rely on managers to guide daily operations using human, technological, financial, and other resources to create a competitive advantage. For many beginning business students, being in “management” is an attractive but somewhat vague future goal. This vagueness is due in part to an incomplete understanding of what managers do and how they contribute to organizational success or failure. This chapter introduces the basic functions of management and the skills managers need to drive an organization toward its goals. We will also discuss how leadership styles influence a corporate culture and"