Introduction to Management - 2960 Words

Introduction to Management Management nowadays can be seen as one of the most important factors to determine the success of one’s organisation or any business activities. Donnelly et al, (1987) emphasized that there are two important reasons on why we should study about management. The first reason is modern society today depends on specialised institutions and organisations to provide goods and services that we desire daily. These organisations are guided and directed by decisions of one or more individuals called â€Å"managers†. The managers have the authority and the responsibility to allocate society’s resources to the various and often competing ends. Apart from that, the manager is the person in charge to build safe or unsafe products,†¦show more content†¦Analysis of study 1.1 Importance of Management An organisation is a goal-directed, deliberately structured group of people working together to achieve results. In all kind of organisations such as business, governmental, educational, religious and also the service sector required managers to help them to set up direction for other employees to follow as the guidelines. Targets or objectives can only be achieved by focusing on the efforts on how to achieve the target by considering all the resources efficiently and effectively. Management can be defined as the process of planning, organizing, staffing, leading or directing, and controlling an organisation or effort for the purpose of accomplishing a goal. While on the other hand, resourcing involved the process of deployment and manipulation of human resources, financial resources, technological resources and natural resources. 1.2 Managerial Functions : Four Different Functions by Henri Fayol There are many terms that can be described to define management. However, Henri Fayol emphasized that there are only four main functions that has actually work as the guidelines for most of the managers in many years. The four different functions as per below; * Planning A process where the manager identifies and organisation’s goals and strategies and also decides on what is going to happen in the future and generates plans for action as theShow MoreRelatedIntroduction Of Management And Management935 Words   |  4 PagesINTRODUCTION TO MANAGEMENT ACCONTING OVERRATE PLC Management meeting Small, medium or large companies, have one thing in common, make profit, and to make profit we need to make sure that the income has covered all the costs. There are two types of costs, the direct ones, which are easy to identify as they are â€Å"directly† referred, linked to the product or service, which can be traced directly, straight and fully to the product, (e.g. material cost, labour cost, direct expenses, which are knownRead MoreIntroduction to Management999 Words   |  4 PagesThe formation of organization implies that a leader should take the role to control the activities of the group; the work done by the leader is what we call management. Organization and the definition of Management Organization is formed by a group of people who work together. No matter the organization is a profit making ones or non-profit making ones, its formations are to achieve a common purpose or variety of goals, which are the desired future outcomes. The outcomes might be producing aRead MoreIntroduction to Management5240 Words   |  21 Pagesget product discount, bonuses, incentive programs, training, and employee stock ownership plans however salaried worker should be rewarded too through recognition award system or giving out vouchers to the non salaried workers. Management team The management team would be lead by all the executives and presidents in the company who has and extensive experience in managing and executing the Panera business. Mainly to manage all the important sectors like the Concept, Development, Joint VentureRead MoreIntroduction to Program Management1280 Words   |  5 Pagesï » ¿Program Management by Name Course Professors Name University Date Table of Contents INTRODUCTION †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 NEED FOR PROGRAM MANAGEMENT TODAY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 PROGRAM MANAGEMENT vs. PORTLIO AND PROJECT MANAGEMENT †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..... 5 ORGANIZATIONS THAT COULD BENEFIT FROM PROGRAM MANAGEMENT †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 INDUSTRY SECTOR THAT PROGRAM MANAGEMENT WOULD BE MOST BENEFICIAL †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.... 6 JUSTIFICATION FOR INTRODUCTION OF PROGRAM MANAGEMENT †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 CONCLUSIONRead MoreIntroduction to Distribution Management1190 Words   |  5 PagesDistribution Management Introduction to What do we mean by Logistics? †¢ Logistics concerns itself with the movement of the physical flow which begins with the source of supply and ends at the point of consumption. †¢ Logistics is also concerned with: †¢ †¢ †¢ †¢ †¢ †¢ †¢ Plant and warehouse location Inventory levels Production scheduling Materials management Storage Customer order processing Inwards and outwards freight and †¢ Distribution channels. History of warehouse †¢ In early writingsRead MoreIntroduction to Contract Management1025 Words   |  5 Pages1.0 INTRODUCTION TO CONTRACT MANAGEMENT A contract is an agreement having a lawful object entered into voluntarily by two or more parties, each of whom intends to create one or more legal obligations between or among them. The elements of a contract are offer and acceptance by competent persons having legal capacity who exchanges consideration to create mutuality of obligation. i.e. 1. Offer and Acceptance 2. Competent Persons 3. Consideration 4. Mutual Obligation 5. LawfulRead MoreAn Introduction to Management Styles3058 Words   |  13 PagesUnit 4001 - An Introduction to Management Styles 1. Be able to understand assumptions about human nature and managerial behaviour. 1.1 Identify models which make suppositions about human nature and behaviour at work Theory X and Theory Y represent two sets of assumptions about human nature and human behaviour that are relevant to the practice of management. They describe two contrasting models of workforce motivation. Theory X represents a negative view on of human nature that assumes individualsRead MoreIntroduction to Management Organisations2209 Words   |  9 Pages*BUS1001 Introduction to Management Organisations E*ssay for Semester 1, 2008/9 According to Pettinger (2002), management can variously be defined as a ‘science, profession and art’ and ‘its status lies somewhere between the three ‘with strong elements of each’. Is management a profession were you could qualify in like a doctor, is it science were there’s only â€Å"one best way to manage† (Bennet, Roger (1994)) or is it a skill/ personality in which a manager is has it in their genes from birthRead MoreIntroduction to Finanacial Management2678 Words   |  11 PagesChapter – 1 INTRODUCTION TO FINANCIAL MANAGEMENT MEANING AND DEFINITION OF FINANCIAL MANAGEMENT According to the Encyclopedia of Social Sciences, Corporate finance deals with the financial problems of corporate enterprises. Problems include financial aspects of the promotion of new enterprises and their administration during early development, the accounting problems connected with the distinction between capital and income, the administrative questions created by growth and expansionRead MoreIntroduction to Financial Management2309 Words   |  10 PagesMGT201 (Financial Management) MGT201 Lecture No. 01 Introduction to Financial Management Learning objectives: The purpose of this lecture is to provide you with an overview of financial management. After finishing this lecture, you would be able to have a better understanding of the following. Definition of financial management Significance of financial management for non-finance students and professionals Important concepts and areas in financial management The position of financial managers