2. Overview This series slide presentations expose students to the field of management and focus on the major management processes. they provide an overview of the organizational environment. Highlight issues in management In general, they will help students to be better employees and understand the role of managers.
3. Why study Management? Everybody has a vested interest in improving the way organizations are managed. A person entering the workplace, after graduation, will either be managed or become a manager. Understanding management will also assist a person in managing his or her personal life.
4. Fundamentals of Management Objectives At the end of this presentation students should be able to: Define what is management. Explain the basic managerial functions. Understand the role and importance of management.
5. Definition of management. The attainment of organizational goals in and effective and efficient manner through planning, organizing, leading, and controlling (Daft, 2005 p.8) The process of administering and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization (Lewis et al 2007 p.5)
6. Fundamentals of Management Understanding key terms in the definition Effectiveness : the degree to which goals are achieved; doing the right thing Efficiency : using the fewest inputs (people, money, technology) to generate a given output. Organization : A social entity that is goal directed and deliberately structured. Performance: the organization’s ability to attain its goals by using resources in an efficient and effective manner.
12. The management function concerned with defining goals for future organizational performance and deciding on the tasks and resource use needed to attain the set goals.
18. Fundamentals of Management External Environment Organization Strategy Organizing Leading Overall goals Controlling Internal Environment Framework for understanding management
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20. In performing the four basic functions of managers, most of what managers do can be categorized into roles (A role is a behaviour that is expected in a particular situation).