INTRODUCTION TO MANAGEMENT

Question 1

What is management?

Answer 1

Management is the ongoing process of planning, decision making, organizing, motivating, leading and cntrolling the human, financial, information and physical resources of a business or organization. The aim of management is to ensure that businesses efficiently and effectively meets their goals.

Question 2

What is management made up of?

Answer 2

Management is consituted by the people in a business in charge of making sure that tasks (wether small or big) are achieved.

Question 3

5 Major Functions of Management

Answer 3

Planning: They must set Strategic, Tactical and even Operational Objectives.
Organizing: They must make sure that the business has sufficient resources to achieve its objectives.
Commanding: They have to make sure that all individuals working know their duties.
Coordination: Managers must bring together the different resources to achieve objectives.
Controlling: They have the power to test quality so that processes van be changed if necessary.