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Definition of Management

Deciding what should be done and


getting other people to do it.
Involves people looking beyond
themselves and exercising formal
authority over the activities and
performance of other people.

Definition of Management
Attainment of organizational goals in an
effective and efficient manner through:
Planning
Organizing
Staffing
Leading
Controlling

Key Functions of Management


The Key functions of management are
Planning
Organizing
Staffing
Leading
Controlling
Attainment of organizational goals in an
effective & efficient manner

Key Functions of Management


Planning
Setting an organizations goals and
selecting a course of action from a set
of alternatives to achieve them
Deciding in advance, WHAT to do,
HOW to do it, WHEN to do it, and WHO
is to do it

Key Functions of Management


Organizing
Determining how activities and
resources are grouped
Determining the composition of work
groups and the way in which work and
activities are to be coordinated

Key Functions of Management


Staffing
The recruitment, selection,
assignment, training, development,
evaluation and compensation of
staff

Key Functions of Management


Leading
The set of processes used to get
organizational members to work
together to advance the interests of the
organization
Motivating and communicating with
the organizations human resources to
ensure goals are attained

Key Functions of Management


Controlling
Monitoring organizational
progress towards goals
The process of comparing results

and expectations and making the


appropriate changes

Effectiveness and Efficiency


Effectiveness
The degree to which goals are
achieved
Making the right decisions and
successfully implementing them
Doing the right things in the right way
at the right times

Effectiveness and Efficiency


Efficiency
Using minimal resources to produce
the desired volume of output
Using resources wisely and in a costeffective way
Operating in such a way that
resources are not wasted

Models of Management
Planning
Select goals and
ways to attain
them
Performance

Resources
Human
Financial
Raw Materials
Technological

Attain goals

Organizing
Assign responsibility
for task
accomplishment

Controlling
Monitor activities and
make corrections

Information

Products
Services
Efficiency
Effectiveness

Leading
Use influence to
motivate employees

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