Presentation on theme: "DEFINITION OF MANAGEMENT INTRODUCTION TO MANAGEMENT AND ORGANIZATIONS."— Presentation transcript:
DEFINITION OF MANAGEMENT INTRODUCTION TO MANAGEMENT AND ORGANIZATIONS
Definition of Management The attainment of organizational goals in an effective and efficient manner through: Planning, Organizing, Leading, and Controlling of organizational resources.
The Process of Management Planning Leading Resources Controlling Organizing Performance Human Financial Raw Materials Technological Information Attain goals Products Services Efficiency Effectiveness Use influence to motivate employees Select goals and ways to attain them Assign responsibility for task accomplishment Monitor activities and make corrections
Conclusions Definition 1 – Management is often included as a factor of production along with machines, materials and money. Definition 2 – Directors and managers who have the power and responsibility to make decisions to manage an enterprise.
Questions a) Describe efficiency and effectiveness in terms of their importance and their impact on organizational performance. b)Describe the THREE (3) basic skills needed by managers. Explain how these skills are needed at different management levels.