Two different 'high-level' definitions of Management Concept Flashcards

1
Q

Institutional Management Concept

A

A group of people who manage an organization - Entrepreneurs, Board Members / Managing Directors, Senior Executives… officials with decision-making and instructional authority over employees

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2
Q

Functional Management Concept focus of the module

A

The bundling and sequence of functions e.g. target setting, planning, decision making, coordination and implementation, and controlling

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3
Q

Is the distinction of these two terms (institutional and functional management concept) sufficient?

A

No, there are many facets of General Management. However, a distinction must be made.

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4
Q

What is used as a basis for Functional Management Concept?

A

The “Mintzberg Triangle”

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