What is Management? Management involves the manipulation of the human capital of an enterprise to contribute to the success of the enterprise. This implies effective communication: an enterprise environment (as opposed to a physical or mechanical mechanism)‚ implies human motivation and implies some sort of successful progress or system outcome. As such‚ management is not the manipulation of a mechanism (machine or automated program)‚ not the herding of animals‚ and can occur in both a legal as
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KENYA METHODIST UNIVERSITY NAIROBI CAMPUS MBAD 501: Practices of Management Credit Hours: 3 Period: Jan – April 2013 Instructor: Kihara Peter Email: kiharamp41@msn.com ________________________________________________________ _____________________________________ Course Purpose and Objectives This is a foundation course in the MBA program which covers all those functions and duties performed by modern managers and CEOs in today’s complex organizations. This course views managerial planning
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of the oldest and most popular approaches to management thought‚ Henri Fayol’s (29 July 1841–19 November 1925) theory holds that administration of all organizations—whether "public or private"‚ or "large or small" requires the same rational process or functions. This school is based on two assumptions; first‚ although the objective of an organization may differ; for example‚ business‚ government‚ education‚ or religion‚ yet there is a core management process that remains the same for all institutions
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Management The organization and coordination of the activities of a business in order to achieve defined objectives. The basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises. Management consists of the interlocking functions of creating planning‚ organizing‚ directing‚ and controlling an organization’s resources in order to achieve the objectives of the organization
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Planning Function of Management Failing to plan is planning to fail Planning in Management Planning is deciding in advance what to do and how to do.It is one of the basic managerial functions. Before doing something‚ the manager must formulate an idea of how to work on a particular task. Thus‚ planning is closely connected with creativity and innovation. It involves setting objectives and developing appropriate courses of action to achieve these objectives. Planning Definition "Planning
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OM SATHI ADHIPARASAKTHI COLLEGE OF ENGINEERING 5.1 SYLLABUS MG2351 1. PRINCIPLES OF MANAGEMENT 3 0 0 100 9 OVERVIEW OF MANAGEMENT Definition - Management - Role of managers - Evolution of Management thought Organization and the environmental factors – Trends and Challenges of Management in Global Scenario. 2. PLANNING 9 Nature and purpose of planning - Planning process - Types of plans – Objectives - Managing by objective (MBO) Strategies - Types of strategies - Policies - Decision
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to differentiate between relevant and irrelevant cost 2 (d)Explain opportunity cost 2 Section B 3 Introduction 3 Discussion 4 Management of working capital 4 Meaning and Concept of Working Capital management 5 The Importance of Good Working Capital Management 5 Approaches to Working Capital Management 5 Conclusion 6 Referenc 7 (c) Explain main principles to differentiate between relevant and irrelevant cost Relevant Cost that is used
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Unit 1 Evolution of Management Thought Learning Outcome After reading this unit‚ you will be able to: • • • • • Explain the basic features of Management and Organisation Understand various approaches to Management Philosophy Know about Mathematical and Behavioural Serial Schools of Management Identify the Contributions and Limitations of Scientific Management State Administrative Management Time Required to Complete the unit 1. 2. 1st Reading: It will need 3 Hrs for reading a unit 2nd
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Management UNIT 1 – MODULE 1 INTRODUCTION TO MANAGEMENT © 2006 Captus Press Inc. 1 Learning About Management Everyone knows something about management But preconceptions can block new understanding © 2006 Captus Press Inc. 2 New understanding requires an OPEN MIND That’s certainly one way to do it… © 2006 Captus Press Inc. 3 © 2006 Captus Press Inc. 1 Management Definition and Purpose of MANAGEMENT © 2006 Captus Press Inc. 4 Management Is responsible
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* 50 %women in management; 2.6% women in top management * Managerial level: non-managerial employee-first-line- middle- top * Management involves coordinating and overseeing the work activity * Managerial concerns: * Efficiency (means): doing things right- getting the most output for the last inputs( resource usage) Low waste * Effectiveness (ends) : doing the right things- attaining organizational goals (goal attainment) High attainment Management Strives for: low
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