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Management: Science, Theory, and
Practice
CHAPTER
OBJECTIVES

After studying this chapter, you should be able to:
۱. Explain the nature and purpose of management.

۲. Understand that management, as used in this book, applies to all kinds of organizations and to managers at all organizational levels.

۳. Recognize that the aim of all managers is to create a surplus.
۴. Identify the trends in information technology and globalization.
۵. Explain the concepts of productivity, effectiveness, and efficiency.
۶. Describe the evolution of management and some recent contribution? to management thought.

۷. Describe the various approaches to management, their contributions, as well as their limitations.

۸.

Show how the management process, or operational,

approach to

management theory and science has a basic core of its own and draws from other approaches.

۹. Realize that managing requires a systems approach and that practice must always take into account situations and contingencies.

۱۰. Define the managerial functions of planning, organizing, staffing, leading, and controlling.
Management The process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. www.apple.com www.ford.com www.sun.com www.ge.com

One of the most important human activities is managing. Ever since accomplish aims they could not

people began forming groups to

achieve as individuals, managing has been essential to ensure

coordination of individual efforts. As society has come to rely increasing on group effort, and as many organized groups have become large, task of managers has been rising in importance. The purpose of this book is to promote excellence among all persons in organizations, especially among managers, aspiring managers, and other professionals.*

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