1. Concept of Management Flashcards
Management consists of
- planning
- organizing
- actuating/directing
- controlling
Effective motivation of people and efficient utilization of resources for the attainment of a predetermined objective
Management
Results in the accomplishment of objectives through the use of human effort. Requires skill and careful study in its application
Management as an art
A systematic body of knowledge. It gathers and analyzes facts and formulates general laws/principles from these facts
Management as a science
4 functions of management
Planning
Organizing
Directing
Controlling
Mental effort by executives of anticipation of possible causes/factors that may change activities and objectives of the organization
Planning
It controls the nature and direction of change
Planning
Determines what measures/actions are necessary to accomplish predetermined goals
Planning
Includes several possible alternative courses of action; considers the best course of action
Planning
Grouping together of people and establishing relationships among them
Organizing
Defining the authority and responsibility of who will perform the work
Organizing
The way of getting all personnel in an organization to accomplish what management desires
Directing
Directing involves ________ and _________
Motivation
Communication
Checking the work accomplished against plans/standards
Controlling
The 4 bases for controlling
Standard quality
Standard quantity
Standard cost
Standard time
An individual who guides the org to attain its objectives
Manager
Performs the functions of planning, organizing, directing, and controlling
Manager
What is the strength of a manager?
Ability to use all his/her resources to get things done properly
Takes charge of management; oversees the functioning of an activity to achieve a set of goals or purpose
Manager
Establishes goals and priorities that determine the direction of the org
Director
Runs an org within the framework of the various directives and policies given to him
Administrator
Oversees the activities of others to get them to accomplish specific tasks or to perform efficiently
Supervisor