Two different 'high-level' definitions of Management Concept Flashcards
Institutional Management Concept
A group of people who manage an organization - Entrepreneurs, Board Members / Managing Directors, Senior Executives… officials with decision-making and instructional authority over employees
Functional Management Concept focus of the module
The bundling and sequence of functions e.g. target setting, planning, decision making, coordination and implementation, and controlling
Is the distinction of these two terms (institutional and functional management concept) sufficient?
No, there are many facets of General Management. However, a distinction must be made.
What is used as a basis for Functional Management Concept?
The “Mintzberg Triangle”