Management, Management development, Strategy...
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The document provides an overview of management principles, including its definition, purpose, and methods of coordinating human and physical resources to achieve organizational goals. It outlines the functions of management, such as planning, organizing, and controlling, and emphasizes the importance of efficiency and effectiveness. Additionally, it highlights management as both an art and science, focusing on achieving results through teamwork and decision-making.
Management, Management development, Strategy...
- 1. 1 Part A - Principles of Management Module 1 Management (8 Hours) Introduction: Management: Introduction, Definition of management, Nature, Purpose and Functions, Levels and types of managers, managerial roles, skills for managers, evolution of management thought, Fayol’s fourteen principles of management, Recent trends in management. Course Teacher: Dr MM Bagali, PhD Professor of Management and Human Resources AIT - MBA / Department of Management Studies, 2019
- 2. 2 What is Management Management is guiding human and physical resources into dynamic organisation units that attain their objectives to the satisfaction of those served and with a high degree of morale and sense of attainment on the part of those rendering the service Management as a process consisting of planning, organizing, controlling, … to determine and accomplish the objectives by use of people and resources AIT - MBA / Department of Management Studies, 2019
- 3. 3 The act, manner, or practice of managing; handling, supervision, or control…..management of factory workers The person or persons who control or direct a business or the enterprise The group of individuals who make decisions about how a business run Management is a set of activities (including planning, organisating, coordinating, controlling) directed at an organisations resources (human, financial, physical) with the aim of achieving organisational goals in an efficient and effective manner Efficiency: doing things right Effectiveness: doing the right thing Management AIT - MBA / Department of Management Studies, 2019
- 4. 4 Management Mary Parker FOLLETT Art of getting things done through people Management is to make things happen AIT - MBA / Department of Management Studies, 2019
- 5. 5 Management is working through people and other organisational resources to achieve organisational objectives Management is to create and maintain an internal environment for achieving organisational goals Management involves managing our organisation as well as managing yourself and others Management AIT - MBA / Department of Management Studies, 2019
- 6. 6 The process of making decisions and issuing commands on behalf of an organisations membership groups, taking into consideration the complex of objectives, limitations and standards underlying the production and distribution of values, required to satisfy memberships needs Judicious use of means to accomplish an end Is a process of designing and maintaining an environment in which Individual, working together in groups, efficiently accomplishes selected organisation objectives and mission / vision Management AIT - MBA / Department of Management Studies, 2019
- 7. 7 Management is an Art and Science Thus, Management is : 1. Practice 2. Not just knowing, but doing 3. It is performance 4. to achieve organisation objectives All Management should ultimately lead to one thing……RESULTS AIT - MBA / Department of Management Studies, 2019