8-DEFINITION OF THE MANAGEMENT PROCESS

8-DEFINITION OF THE MANAGEMENT PROCESS - DEFINITION OF THE...

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DEFINITION OF THE MANAGEMENT PROCESS According to J.A.F Stoner, R.E. Freeman, and D.R. Gilbert, Jr (1995) “ Management is the process of Planning, Organizing, Leading and Controlling the efforts of organization members and using all other organization resources to achieve stated organizational goals ”. From this definition there are four main management activities as followings: Planning is the process of establishing goals and a suitable course of actions for achieving those goals. Planning indicates that managers think through their goals and actions in advance and that the actions are based on some method, plan, or logic rather than on a hunch. Plans give the organization its objectives and set up procedures for achievement. Organizing is the process of engaging two or more people in working together in a structured way to achieve a specific goal or a set of goals. Therefore, different goals require different structure. Relationship and time are central to organizing activities.
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This note was uploaded on 10/12/2010 for the course MTG MTG509 taught by Professor Dr.leepickler during the Spring '10 term at Northcentral.

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8-DEFINITION OF THE MANAGEMENT PROCESS - DEFINITION OF THE...

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