Two different 'high-level' definitions of Management Concept

Question 1

Institutional Management Concept

Answer 1

A group of people who manage an organization - Entrepreneurs, Board Members / Managing Directors, Senior Executives… officials with decision-making and instructional authority over employees

Question 2

Functional Management Concept focus of the module

Answer 2

The bundling and sequence of functions e.g. target setting, planning, decision making, coordination and implementation, and controlling

Question 3

Is the distinction of these two terms (institutional and functional management concept) sufficient?

Answer 3

No, there are many facets of General Management. However, a distinction must be made.

Question 4

What is used as a basis for Functional Management Concept?

Answer 4

The “Mintzberg Triangle”