1. Management and manager definitions(tell about several definitions and about resources and goals). Rule of successful management .Difference between management and administration
Management definitions: * The process of organizing methods ,manpower and other resources to achieve organizational goals * Is more than art and science Managing is working with and through people to accomplish the objectives of both the organization & its members. * It means art or skills of directing human activities and physical resources in the attainment of predetermined goals. * According to Henry Fayol, “To manage is to forecast and plan, to organize, to command, to coordinate, and control”. * According to Louis Allen, “Management is what managers does in the organisations”. * Is the process of using what you have { RESOURCES }, to do what you want to do …. {GOALS} 6 categories of resources: * People, Money, Time, Work Procedures, Materials, Equipment
GOALS
* Profit Levels or Maximum cost levels ,Maintenance or growth of financial strength, Quality standards, Management concerns, Professional obligations, Societal concerns
WHAT IS MANAGEMENT?
Management involves coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively. Coordinating and overseeing the work of others is what distinguishes a managerial position from a non-managerial one. However, this doesn’t mean that managers can do what they want anytime or in any way. Instead, management involves ensuring that work activities are completed efficiently and effectively by the people responsible for doing them.
Manager -is a person who is responsible for coordinating and overseeing the work of other people so that organizational goals can be realized. A manager’s job is not only about personal achievement, it is about