MGT230 WK1 DQ1
This class defines management as, the effective and efficient use of limited organizational resources to achieve organizational goals. What is management? Why is management necessary? How do you think management has evolved?
“Management is the process of working with people and resources to accomplish organizational goals,” (Bateman, 2011, p. 14.) Mary Parker Follett (1868-1933) a pioneer in management theory, defined management as, “the art of getting things done through people.” I like this concept that Ms. Parker Follett presents, I believe it is a simple and kind interpretation of the idea of management.
Managerial actions include, “delivering strategic value, building a dynamic organization, mobilizing people, learning, and changing,” (Bateman, 2011, p. 15.) I believe that management is essentially the act of providing the most efficient use of time, resources, and labor force to achieve organizational goals. Good management has the ability to balance both efficiency and effectiveness while maintaining the ability to interact with, empower, and encourage the employees.
The four functions of management are the reasons why management is necessary. Management is responsible for the planning, organizing, leading, and controlling of any business from a small start-up to the largest corporation.
While the environmental conditions of the business world have changed and grown over the passage of time, the practical concepts of management have remained the same. The evolved business now deals with a worldwide commerce instead of the small town concept of commerce. Today’s consumer may not ever set foot in a physical location, however; the virtual store can process millions of “hits” per day.
Management in the 21st century must develop new approaches that encompass a worldwide audience that has access through the internet and the use of