What is a Manager's Responsibility?

Defining Managerial Roles00:00:08

A manager is tasked with achieving organizational objectives by balancing efficiency, which is doing things right to maximize resource use, and effectiveness, which is doing the right things to meet goals.

The Four Key Resources00:00:30

Managers work with four types of resources: human capital (the most valuable asset), financial resources (budgets), physical resources (equipment and materials), and information (data needed for decision-making).

Impact on Organizational Performance00:01:31

The success of an organization is directly tied to how well a manager acquires and utilizes these four resources. Managers are ultimately evaluated on their ability to meet organizational strategies through effective resource management.