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MNG201_study_units_1_to_3 - GENERAL MANAGEMENT MNG201 2009...

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GENERAL MANAGEMENT MNG201 2009 Revision Summary Notes Disclaimer :  Any reference to codes is a reference to official UNISA codes.  We do not duplicate their codes nor   represent them as our own.  We are a private company and we are in no way connected with UNISA, nor do we hold   a collaboration  agreement  with UNISA.   We simply work through  UNISA material with students  as a form of   academic support and revision.  Our revision packs are compiled by our lecturers, based on the UNISA material  and   questions are based on the type of questions asked by UNISA in examinations and assignment Taken from the UNISA study guide and the prescribed textbook. Smit, PJ et al. Management principles. 4 th  edition 2007
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MANAGEMENT STUDY UNIT 1 CHAPTER 1 THE NATURE OF GENERAL MANGEMENT Introduction to general management Managers have to deploy the basic resources of an organization, to help it achieve its goals Managers must activate and guide the organization. The nature of Management Managers combine, allocate, co-ordinate and deploy resources / inputs in such a way that the organisation’s goals are achieved as productively as possible. All managers engage in certain interrelated activities to achieve their desired goals. This entails 4 fundamental management functions - Planning - Organising - Leading - Controlling Knowledge resources: human, financial, physical & information. See table 1.1 for examples.
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Figure 1.3: The interactive nature of the management process. Identify activities Definition of Management The process of planning, organizing, leading & controlling the resources of the organization to be predetermined stated organizational goals as productively as possible. Planning : Management function that determines the organizations vision, mission and goals. Organising involves developing a framework / organizational structure to indicate how & where people and other resources should be deployed to achieve the goals. Leading – directing the human resources of the organization & motivating them in such a way that their actions are aligned with predetermined goals & plans. Control – monitor performance & action, ensuring they conform to plans. Organisational design – the process whereby managers match the organizations structure to its strategies. Management levels Managers are classified into 2 categories: (1) according to their level in the organization, (2) function / specialist area of management for which they are responsible. Planning (Part II) Managers determine the organisation’s vision, mission, and goals and decide on a strategy to achieve them Organising (PartIII) Managers group activities together, establish authority, allocate resources and delegate Controlling (Part V) Managers monitor progress and take corrective steps to reach the mission and goals Leading (Part IV) Managers direct and motivate members of the organization to achieve the mission and goals
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