FUNDAMENTAL OF MANAGEMENT
Definition Of Management
The process of administering and coordinating resources effectively, efficiently, and in an effort to achieve the goals of the
organization
The process of planning, organizing, leading & controlling that encompasses human, material, financial & information
resources in an organizational environment
Definition of Organization & Manager
Organization
A group of individuals who work together toward common goals
An organization is a social unit in which 2 or more people interact to achieve a common goal or a set of goals
Manager
An organizational member who is responsible for planning, organizing, leading and controlling the activities of the organization
so that its goals are achieved
Why do we need an organization?
Accomplish objectives
To help us to achieve our objectives
E.g. You come to university to study & obtain a degree
Preserve knowledge
Organization is also needed because it is a place where knowledge / information is preserved. E.g. To learn about our
country’s history, we can go to museum.
Serve society
Organization is also needed to serve society E.g. We can always go to hospitals or clinics if we are not feeling well or if
we have certain illnesses
Provide Careers
Organizations also provide us with career opportunities. E.g. Some of us work in banks, others in some other
organizations. Those organizations provide individuals with a place to go for work & earn a salary every month.
The Management Process
Management is a process that contains several functions. It comprises of the activities of Planning, Organizing, Leading &
Controlling (POLC)
Planning Includes defining goals, establishing strategy & developing plans to coordinate activities
Organizing Determine what tasks are to be done, who is to do them, how the task are to be grouped, who reports
to whom & where decisions are to be made.
Leading includes motivating subordinates, directing others, selecting the most effective communication
channels & resolving conflicts
Controlling Monitoring activities to ensure that they are being accomplished as planned & correcting any
significant deviations
ACHIEVING THE ORGANIZATION’S STATED
PURPOSE (GOALS/MISSIONS)
Definition Of Management
The process of administering and coordinating resources effectively, efficiently, and in an effort to achieve the goals of the
organization
The process of planning, organizing, leading & controlling that encompasses human, material, financial & information
resources in an organizational environment
Definition of Organization & Manager
Organization
A group of individuals who work together toward common goals
An organization is a social unit in which 2 or more people interact to achieve a common goal or a set of goals
Manager
An organizational member who is responsible for planning, organizing, leading and controlling the activities of the organization
so that its goals are achieved
Why do we need an organization?
Accomplish objectives
To help us to achieve our objectives
E.g. You come to university to study & obtain a degree
Preserve knowledge
Organization is also needed because it is a place where knowledge / information is preserved. E.g. To learn about our
country’s history, we can go to museum.
Serve society
Organization is also needed to serve society E.g. We can always go to hospitals or clinics if we are not feeling well or if
we have certain illnesses
Provide Careers
Organizations also provide us with career opportunities. E.g. Some of us work in banks, others in some other
organizations. Those organizations provide individuals with a place to go for work & earn a salary every month.
The Management Process
Management is a process that contains several functions. It comprises of the activities of Planning, Organizing, Leading &
Controlling (POLC)
Planning Includes defining goals, establishing strategy & developing plans to coordinate activities
Organizing Determine what tasks are to be done, who is to do them, how the task are to be grouped, who reports
to whom & where decisions are to be made.
Leading includes motivating subordinates, directing others, selecting the most effective communication
channels & resolving conflicts
Controlling Monitoring activities to ensure that they are being accomplished as planned & correcting any
significant deviations
ACHIEVING THE ORGANIZATION’S STATED
PURPOSE (GOALS/MISSIONS)
