Management

Management

From Wikipedia, the free encyclopedia

Management in business and organizations means to coordinate the efforts of people to accomplish goals and objectives using available resources efficiently and effectively.

Managementcomprises planning, organizing, staffing, leading or directing, and controllingan organization or initiative to accomplish a goal. Resourcing encompasses the deployment and manipulation of human resources,financial resources, technological resources, and natural resources.

Since organizations 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 prerequisite to attempting to manage others.

Universities offer bachelor's and advanced degrees in management, generally within their colleges of business. At the doctoral level students specialize in areas of management, such as human resources, international management, organizational behavior, or strategic management.

 

Basic functions

Management operates through various functions, often classified as planning, organizing, staffing, leading/directing, controlling/monitoring and motivation.

·        Planning: Deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action.

·        Organizing: (Implementation)pattern of relationships among workers, making optimum use of the resources required to enable the successful carrying out of plans.

·        Staffing: Job analysis, recruitment and hiring for appropriate jobs.

·        Leading/directing: Determining what must be done in a situation and getting people to do it.

·        Controlling/monitoring: Checking progress against plans.

·        Motivation: Motivation is also a kind of basic function of management, because without motivation, employees cannot work effectively. If motivation does not take place in an organization, then employees may not contribute to the other functions (which are usually set by top-level management).

·        Communicating: is giving, receiving, or exchange information.

·        Creating: ability to produce original Idea,thought through the use of imagination

My Opinion Management defined as the organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives.

Basic Functions in management as :

1.  Planning

2. Organizing

3. Staffing

4.  Leading/directing

5. Controlling/monitoring

6. Motivation

7. Communicating

8. Creating

Business management came to consist of six separate branches, namely:

·        human resource management

·        operations management or production management

·        strategic management

·        marketing management

·        financial management

·        information technology management responsible for management information systems