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Unformatted text preview: Name: Yi Chen Management is the process of using organizational resource to achiever organizational objectives through the functions of planning, organizing and staffing, leading, and controlling. In addition to being a process, the term management is also used as a label for a specific discipline, for the people who manage, and for a career choice. The classical, or standard, functions of management remain a useful way of understanding management. • Planning: Planning involves setting goals and figuring out ways of reaching them. Running an organization is kind of like steering a ship on the ocean; to get where you want to go, you’ve got to have a plan—a map—that tells you where you’re headed. It’s the job of managers to develop the plans that determine the goals an organization will pursue, the products and services it will provide, how it will manufacture and deliver them, to whom, and at what price. These plans include creating an organizational vision and mission and specific tactics for achieving the organization’s goals. Planning is the central function of management. • Organizing & staffing: After managers develop their plans, they have to build an organization that can put these plans into effect. Managers do this by designing organizational structures to execute their plans (often building elaborate organizational charts that divide an organization into divisions, departments, and other parts and designate the people who reside in each position) and by developing systems and processes to direct the allocation of human, financial, and other resources. Organizing is the process of making sure the necessary human and physical resources are available to carry out a plan and achieve organizational goals. Staffing involves ensuring there are the carry out a plan and achieve organizational goals....
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This note was uploaded on 11/01/2011 for the course ACC 200 taught by Professor Minliu during the Spring '11 term at Universidad Europea de Madrid.
- Spring '11