Académique Documents
Professionnel Documents
Culture Documents
Objectives
By the end of this chapter, you should be able to: Understand what is management? Organizational structure Functions of management Evolution of management taught
Management
The process of designing and maintaining an environment in which individuals (groups) efficiently to accomplish selected aims. The process of dealing with or controlling things or people The act or skill of controlling and making decisions about a business, department, sports team, etc. The organization and coordination of the activities of a business in order to achieve defined objectives. Management is the transformation of resources into utility
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Resources
Goal
Victory
Resources
Men / Women Material Money Machines Method Time Energy
Goals
Profits - Protect revenue Financial growth - Manage cost Increased productivity - products Increased efficiency Increase brand value Provide more value to your customers or employees
Note: Goals are different for different organizations it depends on definition of goals as cited
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Create a surplus
Goals
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Organization: Combines the work in such a way with individuals/groups that duties formed provide best possible application of available effort
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Thomas Edison
Jeffrey R. Immelt
Banmali Agrawala
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General Electric
Functions of management
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Functions of management
Planning: generating plans of action for immediate, short term, medium term and long term periods. Organizing: organizing the resources, particularly human resources, in the best possible manner. Staffing: positioning right people right jobs at right time. Directing (includes leading, motivating, communicating and coordinating): Communicate and coordinate with people to lead and enthuse them to work effectively together to achieve the plans of the organization. Controlling (includes review and monitoring): evaluating the progress against the plans and making corrections either in plans or in execution.
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Planning
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Organizing
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Staffing
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Directing
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Controlling
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Evolution of management
Frederick W. Taylor Hugo Munsterberg Henri Fayol 1916 Modern operational management
1903 Scientific
Management
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Evolution of management
Elton Mayo Chester Bernard Max Weber Peter Drucker 1974, Edwards Deming, William Ouchi 1981
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