Management Defn - 1024 Words

1). Define Organisation and Management from different Authors or Management Gurus-5 pages The definition of management is not static due to usage and practices by those in managerial positions. Thus the meaning can change This means that it is good if we can keep abreast of new development in this area. It is enough if you have an adequate understanding of the definition of management. The better approach is to know the how to and whether the way you manage things effectively accomplish the targets of the tasks at hand. And thus helping, at the end of the day, to achieve the overall objectives of your organization. It is very difficult to give a precise definition of the term management. Different scholars from different†¦show more content†¦This approach may be referred to Henry Fayol, who classified management activities into the following categories: †¢ Technical - referred to production department. †¢ Commercial - relates to buying, selling and exchange. †¢ Financial concerned with maximum utilization of capital. †¢ Security concurred with protection of property and person. †¢ According concerned with maintenance of accounts, presentation and statistics and †¢ Management concerned to planning, organizing, commanding, coordinating and controlling. †¢ Henri Fayol †¢ talks of management as consisting of seven functions: †¢ 1. planning; 2. organizing; 3. leading; 4. coordinating; 5. controlling; 6. staffing, and 7. motivating. †¢ F.W. Taylor: Management as a group of personnel According to F.W. Taylor, Management is the art of knowing what you want to do and then seeing that they do it in the best and the cheapest may. According to this approach human factor plays an important role in accomplishing business objectives. management is concerned with those who have been managing the affairs of the business. Managers are assigned duties and are also granted requisite authority to perform their duties efficiently and thus, management is effective direction, coordination and control of individual and group efforts toShow MoreRelatedTibco Admin46376 Words   |  186 Pages . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Using TIBCO Hawk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Using TIBCO Enterprise Management Advisor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Chapter 2 Administration Tutorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Read MoreRsm260 Sample Midterm with Answer Essay2328 Words   |  10 PagesUniversity of Toronto Faculty of Arts and Science and Rotman School of Management RSM 260H1S – Organizational Behaviour Duration: 110 minutes Aids allowed: one aid sheet (front side only of an 8.5†x11† piece of paper) Paper foreign language dictionary for international students Please answer all questions in this exam. Answers to the multiple choice questions need to be filled in on the scantron sheets (remember to use pencil to fill in the circles) and also circled on the examRead MoreSupporting Good Practice in Managing Employee Relations Essay2853 Words   |  12 PagesEmployment relationship – defn. â€Å"the relationship that exists between employers and employees in the workplace† When an employee starts a new company there may be many internal and external factors that impact on the employment relationship. One external factor is the state of the economy, in recent years the economy has experienced a recession. This has impacted businesses in many ways; e.g. redundancies - less capital means companies can no longer afford to keep all staff. A second externalRead MoreSolution Manual For Management Leading And Collaborating In A Competitive World 11th Edition Bateman Snell8749 Words   |  35 Pageseffectively. The first question is best addressed with examples, and students often find it useful to go through an example or two for a specific company. Start by discussing the high tech industry, using the information in the text and the â€Å"Management Connection† section called â€Å"Apple’s Rocky Relationships.† Next, ask students to name a company with which they are familiar, and have them identify examples of each of the different environmental factors for that organization. If your students