MBA, management course, Management is the process of reaching organizational goals by working with and through people and other organizational resources. Management has the following 3 characteristics: It is a process or series of continuing and related activities. It involves and concentrates on reaching organizational goals. It reaches these goals by working with and through people and other organizational resources.
MANAGEMENT FUNCTIONS: The 4 basic management functions that make up the management process are described in the following sections: PLANNING. ORGANIZING. INFLUENCING. CONTROLLING.
PLANNING: Planning involves choosing tasks that must be performed to attain organizational goals, outlining how the tasks must be performed, and indicating when they should be performed.
Planning activity focuses on attaining goals. Managers outline exactly what organizations should do to be successful. Planning is concerned with the success of the organization in the short term as well as in the long term.
ORGANIZING: Organizing can be thought of as assigning the tasks developed in the planning stages, to various individuals or groups within the organization. Organizing is to create a mechanism to put plans into action.
People within the organization are given work assignments that contribute to the company’s goals. Tasks are organized so that the output of each individual contributes to the success of departments, which, in turn, contributes to the success of divisions, which ultimately contributes to the success of the organization.
INFLUENCING: Influencing is also referred to as motivating,leading or directing.Influencing can be defined as guiding the activities of organization members in he direction that helps the organization move towards the fulfillment of the goals.
The purpose of influencing is to increase productivity. Human-oriented work situations usually generate higher levels of production over the long term than do task oriented work situations because people find the latter type distasteful.
CONTROLLING: Controlling is the following roles played by the manager:
Gather information that measures performance
Compare present performance to pre established performance norms.
Determine the next action plan and modifications for meeting the desired performance parameters. Controlling is an ongoing process.
Support our work, we will appreciate it a lot. https://www.patreon.com/m/selfLearnen
Do you love to learn by reading? Complete your knowledge by getting your copy of our -13- business books bundle now and start studying from any device. https://bit.ly/buy-complete-business-books-bundle
Useful affiliate links
Your course to success. Build skills with courses, and earn degree online from world-class universities and companies. Sign up to learn business, programming, data science, or design on coursera. https://bit.ly/visit-coursera
Learn on your schedule. Study any topic, anytime. Choose from thousands of expert-led courses on udemy now. https://bit.ly/visit-udemy "