CHAPTER 3 Flashcards
is a set of principles relating to the roles of planning, coordinating, directing and regulating and the implementation of those principles in the efficient and effective use of physical, financial, human and information capital to achieve organizational objectives.
MANAGEMENT
According to him, Management is set of activities directed at the efficient and effective utilization of resources in the pursuit of one or more goals
Van Fleet and Peterson
According to him, Management is Working with human, financial and physical resources to achieve organizational objectives by performing the planning, organizing, leading and controlling functions
- Megginson, Mosley and Pietri
According to him, Management is is a problem-solving process of effectively achieving organizational objectives through the efficient use of scarce resources in a changing environment
- Kreitner
According to him, Management is is an art of knowing what to do, when to do and see that it is done in the best and cheapest way
- F.W. Taylor
According to him, Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and can cooperate towards attainment of group goals.
Harold Koontz
“Managing is forecasting and preparing, arranging, directing, managing and regulating,” says
Henri Fayol
describes management as “transforming capital into value.”
Fredmund Malik
as “a weak force, under pressure to achieve results and endowed with the threefold power of constraint, imitation and imagination, operating at subjective, interpersonal, institutional and environmental level.”
Ghislain Deslandes
began with the sole purpose of attaining an objective Further, it is specifically done in order to:
The purpose are:
1. rise clients’ satisfaction with the services the company provides.
2. develop personnel experience, abilities and capacity, or
3. accomplish a particular goal or goal.
Management as a Process
as a mechanism often includes interrelated processes by which management within an entity manages and controls the organization’s resources to achieve desired outcomes.
Management
This requires not only managing and using financial resources alone, but also human resources, as they are also important to an organization in order to achieve its stated objectives.
Management
is the practice of recording personnel’s day-to-day accomplishments in an order in which they are done.
Task management
It is a key to an organization’s success, as it helps to monitor the organization’s course and maximize its work efficiency.
Task management
is a person in the organization who directs the activities of others. They perform their work at different levels, and they are called by different names.
manager
TYPES OF MANAGER
- The First Line Managers
- The Middle Level Managers
- The Top Managers
- They are usually called supervisors or in a manufacturing they may be called foremen.
The First Line Managers
- These comprise all management levels between the organization’s supervisory level and top level. Such managers may be called functional managers, heads of plants, and managers of projects,
The Middle Level Managers
- They are the ones responsible for making organizational decisions and setting policies and strategies which affect all aspects of the organization. Such individuals may be named vice-president, managing director, chief executive officer or board chairman etc.
The Top Managers
