Preview

FUNDAMENTALS OF MANAGEMENT

Good Essays
Open Document
Open Document
792 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
FUNDAMENTALS OF MANAGEMENT
CONTENTS

Introduction
What Is Management
Functions of management
Managerial Roles
Interpersonal Roles
Informational Roles
Decisional Roles
Levels of Manager
Managerial Skills
Summary

INTRODUCTION
Organisations have a variety of goals. They usually direct energies and resources to achieve these goals. Management is needed whenever people work together in an organisation. The managerial function must be performed by anyone who manages organised efforts, whether it is a business, enterprise, religious organisations, military outfit or a social institution.

WHAT IS MANAGEMENT?

Management is the accomplishments of the results through the efforts of other people.
Management is the art of getting things done through and with the people in formally organised groups.
Management is the process of planning, organising, actuating and controlling to determine and accomplish the objectives by the use of people and resources.

FUNCTIONS OF MANAGEMENT
Planning:
Planning is the process of making decisions about future. It is the process of determining enterprise objectives and selecting future courses of action. Planning provides direction to enterprise activities. It helps managers cope with change. Planning is the fundamental function of management and all other functions are influenced by the planning process.
Organising:
Organising is concerned with the arrangement of an organisation’s resources-people, materials, technologyand finance in order to achieve enterprise objectives. It involves about decision about division of work, allocation of authority and responsibility and the coordination of tasks.
Staffing:
It is the function of employing suitable persons for the enterprise. It may be defined as an activity where people are recruited, selected, trained, developed, motivated, and compensated for manning various positions. It has four elements: recruitment, selection, training, compensation

Directing:

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Management is the process of directing an organization by planning for future work, organizing employees into functional unit, directing them in finishing the task given, and controlling or monitoring the work process to ensure the good quality at the end of the process (Braveman, 2005). Almost everyone in an organization will have to be a manager at certain time either for a small or big group of people.…

    • 90 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Management is the process used to accomplish organizational goals through planning, organizing, leading and controlling people and other organizational resources.…

    • 1178 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Hi , Jbhkl;

    • 1935 Words
    • 8 Pages

    Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading and controlling organizational resources.…

    • 1935 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Management 1

    • 2584 Words
    • 11 Pages

    Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.…

    • 2584 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Organizational Behavior

    • 1318 Words
    • 6 Pages

    Planning is decision making concerning what needs to happen in the future and generating plans for action. In other words planning is the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired future on some scale.…

    • 1318 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    The process of organising groups of individuals to accomplish tasks is ancient but the idea or development of management is relatively new. Management is an essential tool used to acquire, allocate or utilise human efforts and natural resources to accomplish some predetermined goals.…

    • 2896 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Administrative Matrix

    • 291 Words
    • 2 Pages

    Planning is really the foundation of management. It requires managers to evaluate where the company is currently and where it wants to be in the future.…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Donal Trump

    • 7090 Words
    • 29 Pages

    Management is the process of planning, organizing, directing and controlling an organization’s financial, physical and information resources to achieve its goals. Managers oversee the use of all these resources in their respective firms. All aspects of a manager’s job are interrelated. In fact, any given manager is likely to be engaged in each of these activities during the course of any given day.…

    • 7090 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Management is the attainment of organisational goals in an effective and efficient manner through planning, organising, leading and controlling organisational resources (Samson & Daft, 2009, p. 12).…

    • 1427 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Management characterizes the process of leading and directing all or part of an organization, often a business, through the deployment and manipulation of resources (human, financial, material, intellectual or intangible). From western perspective, they usually emphasize on seeking tremendous profits regardless how they get it. They will do what ever it takes in order to achieve their targets. The main thing for them is profit maximization.…

    • 5051 Words
    • 21 Pages
    Powerful Essays
  • Powerful Essays

    Samreen Sultana BCD 101

    • 6449 Words
    • 28 Pages

    Management is a process of organized activity. It is concerned with the efficient use of resources…

    • 6449 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    HRM ASSIGNMENT

    • 5934 Words
    • 24 Pages

    Management is the organization and coordination of the activities of a business in order to achieve defined objectives.…

    • 5934 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    According to Harold Koontz, “Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals can co-operate towards attainment of group goals.” As per the definition of Harold Koontz, it is management which puts into use the various factors of production and creates a conducive environment for the goals of the organization to be achieved. Management takes responsibility to create such conducive environment and conditions to maximize efforts so that people are able to perform their task efficiently and effectively using limited resources in this fast space changing world. The organization cannot know what to do, when to do and see that it is done in the best and cheapest way without management. No organization can survive or even be in existence without management.…

    • 3183 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Management in business is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources with efficiency and effectivity.…

    • 7388 Words
    • 30 Pages
    Good Essays
  • Satisfactory Essays

    Management

    • 438 Words
    • 2 Pages

    Management is defined as 1. The pursuit of organizational goals efficiently and effectively by 2. Integrating the work of people through 3. Planning, organizing, leading, and controlling the organization’s resources…

    • 438 Words
    • 2 Pages
    Satisfactory Essays

Related Topics