What is Management? Management is a worldwide phenomenon and is therefore a popular and widely applied term. Management involves all kinds of organizations‚ whether they are political‚ business‚ social or cultural because it aids and provides directions for reaching a specific goal through the efforts of the people working in an organization. Management is an activity with a definite purpose or aim. It is an activity which gives direction to the people’s endeavors for accomplishing specific set
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OFFICE MANAGEMENT Office: Place which business‚ clerical and professional activities takes place. Room or area or a place which business clerical & professional activities takes place. Administrative center of the business. Paper work is undertaken. Management: The art of getting things done through and with people in formally organize group. Organization and coordination of activities of people getting together to accomplish desired goal and objectives. Executive ability to handle
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CHAPTER III: MANAGEMENT ASPECT A. Form of Ownership The business shall be organized under a general partnership contract as defined in Article 1767 of the Civil Code of the Philippines as‚ a contract of two or more persons who bind themselves to contribute money‚ property or industry into a common fund with the intention of dividing profits among themselves. In terms of liability the partnership shall be under the general partnership where all of the partners are liable jointly and severally with
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Bibliography: DANIE BEZVUDENHAUT South Africa (1996) CAROS CORREIRA Financial Management (2nd Edition) LAWRENCE J GITMAN Principles of managerial finance 10th edition (2000) R.M.V. BASS Credit Management 3rd Edition (1996) ROBERT A. PETERSON Marketing Research (1982)‚ Business‚ Publication Inc. (1998) HAROLD RANDALL ‘A’ level Accounting FRANKWOOD & Business Accounting
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Management is divided into: * 1st- Planning : I.e Managers have to set objectives of an organization and decide how to achieve them. This will involve developing strategies‚ precises tactics‚ and allocating resources of people and money. * 2nd-Organizing: This involves analysing and classifying the activities of the organization and the relations among them. Then separate manageable activities from individuals ones. Staff the organization with qualifies people‚ that means
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prIs the Classical approach to management obsolete? Critically discuss your views on this matter. The classical school of thought‚ established in the late nineteenth century‚ was composed of the writers who first contributed to organisational theory. Over the last one hundred years‚ the perception on management has evolved significantly. However many of the original views devised by the classical theorists are still evident. The theories formulated by Henri Fayol‚ Max Weber and Frederick
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Henri Fayol’s management Theories and Principles Henri Fayol focuses on the personal duties of management at a much more granular level. Fayol’s work is more directed at the management layer. Fayol believed that management had five principle roles: to forecast and plan‚ to organize‚ to command‚ to co-ordinate and to control. Forecasting and planning was the act of anticipating the future and acting accordingly. Organization was the development of the institution’s resources‚ both material and human
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Human Resource Management Definition of H.R.M: Human resources may be defined as the total knowledge‚ skills‚ creative abilities‚ talents and aptitudes of an organization’s workforce‚ as well as the values‚ attitudes‚ approaches and beliefs of the individuals involved in the affairs of the organization. It is the sum total or aggregate of inherent abilities‚ acquired knowledge and skills represented by the talents and aptitudes of the persons employed in the organization. Functions of H.R
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Management and administration are at times used interchangeably; however‚ they are two different levels of the organization. The administration is the top level of the organization with the decisive functions. They are responsible for determining the policies and objectives of the organization or the firm. Management‚ on the other hand is the middle level executive function. They implement the policies and objectives as decided by the administration. The administration includes the people who
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Classical Management Theory Early Management Theories Early Theories of Organizations emerged mainly for military and Catholic Church. The metaphor of the machine was dominant‚ where organizations are viewed as machines. Therefore‚ the organizational application was‚ since workers behave predictably (as machines do rarely deviate from the norm)‚ management knows what to expect‚ and workers operating outside expectations are replaced. Classical Management Theories There are three well-established
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