Management

● Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. This basic definition needs to be expanded:
• As managers, people carry out the managerial functions of planning, organizing, staffing, leading, and controlling.
• Management applies to any kind of organization.
• It applies to managers at all organizational levels.
• The aim of all managers is the same: to create a surplus.
• Managing is concerned with productivity, which implies effectiveness and efficiency.

● Management in all business and human
organization activity is the act of getting people together to accomplish desired goals and objectives. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human
resources, financial resources, technological
resources, and natural resources. Because organisations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-
requisite to attempting to manage others
Management can also refer to the person or
people who perform the act(s) of management.
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Fundamentals of Management : Introduction [BBA 2305]