What is management?
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body
Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources.
In short “Management is the process of getting things done, effectively and efficiently, with and
through other people”.
The two key point of Management is Effectiveness & Efficiency:
- Effectiveness-Effectiveness means “doing the right things” by doing those work tasks that help the organization reach its goals. Effectiveness is defined as the degree to which something is successful in producing a desired result; success.
Managers are also concerned with completing activities. In management terms, we call this effectiveness.
- Effectiveness means “doing the right things” by doing those work tasks that help the organization reach its goals. Effectiveness is defined as the degree to which something is successful in producing a desired result; success.
Managers are also concerned with completing activities. In management terms, we call this effectiveness.
There are 4 Management Activities
- Planning-
Planning is the process of Setting goals, establishing strategy, and developing plans ensures that the work to be done is kept in proper focus and helps organizational members keep their attention on what is most Important.
- Organizing-
Managers are also responsible for arranging and structuring work to accomplish the organization’s goals. Organizing includes determining what tasks are to be done and by whom, how tasks are to be grouped, who reports to whom, and who will make decisions.
- Leading-
This is the leading function. When managers motivate employees, direct the activities of others, select the most effective communication channel, or resolve conflicts among members, they’re leading.
- Controlling-
It involves monitoring, comparing, and correcting work performance. After the goals are set, the plans formulated, the structural arrangements determined, and the people hired, trained, and motivated, there has to be some evaluation to see if things are going as planned. Any significant deviations will require that the manager get work back on track.