Module 3 Flashcards
(16 cards)
has been described as a social process involving responsibility for economical and effective planning and regulation of operation of an enterprise in the fulfillment of given purposes
management
a dynamic process consisting of various elements and activities; these activities are different from operative functions
management
According to _________, “there are four fundamental functions of management i.e. planning, organizing, actuating, and controlling”
George & Jerry
Fundamental Functions of Management According to George & Jerry
planning, organizing, actuating, controlling
According to ______, “to manage is to forecast and plan, to organize, to command, and to control.”
Henry Fayol
Who gave the keyword “POSDCORB?”
Luther Gullick
Fundamental Functions of Management According to Luther Gullick
planning, organizing, staffing, directing, coordination, reporting, budgeting
Fundamental Functions of Management According to Koontz and O’Donnel
planning, organizing, staffing, directing (leading), controlling
may be convenient to separate but practically these are overlapping in nature i.e. they are highly inseparable; each blends into the other & each affects the performance of others
functions of management
Areas of Management
Human Resource Management, Production Management, Office Management, Financial Management
specialized branch of management concerned with “man management”
human resource management
It is concerned with obtaining and maintaining of a satisfactory and satisfied workforce.
human resource management
refers to planning, organizing, direction, coordination, and control of production function in such a way that desired goods and services could be produced at the right time, in right quantity, and at the right cost
production management
some authors treat thgese as part of production management
materials, purchase, inventory management
