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What is management?
Definitions of Management
Management is an organizational process that involves strategic planning and setting; objectives, resources management, the deployment of human and financial assets necessary to achieve objectives and results measurement. Management entails recording and keeping information and facts for later use or for others in the company. The functions of management are not confined to managers and supervisors. Every member of the organization has some management and reporting functions.
It is the activity of getting things done with the aid of people and other resources.
Involves Effective use and coordination of resources such as capital, plants, materials and work to maximum efficiency and to fulfill stated goals
The process of doing operations with and through other people efficiently;
The process of achieving objectives by carrying out five essential activities of management: planning, organization, personnel management and control, utilizing human, financial and material resources.
functions of management
there are currently four commonly accepted functions of management: planning, organizing, leading and controlling. These functions operate together in the design, execution and accomplishment of organizational goals. The four functions of management can be viewed a process where each function builds on the preceding function. To be successful, management needs to follow the four functions of management in the appropriate order.
Managers first need to design a plan, then arrange their resources and distribute duties to employees according to the plan, then guide others to efficiently carry out the plan, and then evaluate the plan's effectiveness as it is being performed and make any required adjustments.
In the planning stage, managers identify organizational goals and devise a course of action to achieve them. During the planning phase, management makes strategic decisions to set a direction for the organization. Managers might brainstorm several ideas to attain the aim before picking the best line of action. While planning, managers often conduct in-depth research of the organization's existing state of affairs, taking into consideration its vision and goal and determining what resources are available to accomplish organizational objectives.
While planning, managers frequently assess internal and external elements that may affect the implementation of the strategy, such as economic growth, customers and competitors. They also establish a realistic timeframe to meet goals or objectives based on the available finances, staff and resources of the organization. Managers may also have to take additional steps before proceeding with the Plan, such as seeking approval from other departments, executives or their board of directors.
The aim of the organization is to distribute resources and delegate tasks to staff in order to reach the objectives set in the planning phase. Managers may need to work with other organizational departments, like finance and human resources, to organize budgeting and staffing. During the stage, managers strive to create a productive working environment. Managers usually take into account the motivation and skill of employees to match their roles and tasks that best fit their skills.
Managers should explain and ensure that employees understand their individual responsibilities when assigning team members to their roles. To help employees feel engaged and productive, managers should ensure that their employees have an appropriate amount of work and time to complete their work.
Leading is to motivate and influence employees' behavior for the achievement of organizational goals. Leading focuses on people management, such as individual staff, teams and groups, rather than tasks. While managers can direct the team by placing orders and directing their teams, successful managers are usually connected to their employees through interpersonal skills to encourage, inspire and motivate team members to work best.
Managers can promote a good working environment by identifying moments when employees need encouragement or guidance and by using positive strengthening to commend employees if they've done well.
Controlling is the process of evaluating the implementation of the plan and making changes to ensure that the organizational objective is achieved. During the control stage, managers perform tasks such as training staff and managing deadlines as required. Managers monitor employees and evaluate their work quality. You can conduct performance assessments and feedback on what employees do well and offer suggestions for improvements. They may also offer pay raise incentives to high-performing employees.
What Are the 4 Basic Functions of Management? | Indeed.com
Management Meaning | Best 10 Definitions of Management (yourdictionary.com)
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