Nature and purpose of management (06)

Question 1

SUMMARY

Answer 1

In summary, the following are covered in this topic:
1. Management is the pursuit of organisational goals efficiently and effectively by
integrating the work of people through planning, organising, leading and
controlling the organisation’s resources.
2. Effective management is important to businesses so as to achieve outcomes by
way of managing people effectively.
3. The functions of management include planning, organising, leading and
controlling. The functions are key to management in all levels, from the entry
positions to higher roles of management. Each function – planning, organising,
leading and controlling – are linked to each other.