HARAMEE UNIVERSITY
DEPARTMENT OF BUSINESS ADMINISTRATION
Program: Masters of Business
Administration
Course: Management Theories and
Practice (MBA 611)
Bekele Shibru (PhD)
Email:
Mobile: 0912 037575
10/17/2022 1
, Chapter I: Introduction to Management
Definition of Management
Management is the attainment of organizational goals
in an efficient and effective manner through
planning, organizing, leading, and controlling
organizational resources
The definition holds:
the four functions of management
attainment of goals
how the goals need to be achieved (efficient and effective)
Efficiency- means, doing things right
Effectiveness- Ends, doing right things
10/17/2022 2
, Why we study management?
The universality of management
Management is needed in all types and sizes of
organizations , at all work areas, and in all organizations
The reality of work
In your career, it is either to manage or be managed.
Hence, it is necessary to work with managers or to have
responsibilities with non-managerial positions.
The reward and challenges of being a manager
managers can think creatively/their success depends on
others work performance
Work with variety of people/motivate in uncertain
situation
10/17/2022 3
, Management Objectives
There are basically three management
objectives.
Ensuring organizational goals with least cost
and minimum waste
Looking after health, welfare, and safety of
staff
Protecting the resources of the organization
10/17/2022 4
DEPARTMENT OF BUSINESS ADMINISTRATION
Program: Masters of Business
Administration
Course: Management Theories and
Practice (MBA 611)
Bekele Shibru (PhD)
Email:
Mobile: 0912 037575
10/17/2022 1
, Chapter I: Introduction to Management
Definition of Management
Management is the attainment of organizational goals
in an efficient and effective manner through
planning, organizing, leading, and controlling
organizational resources
The definition holds:
the four functions of management
attainment of goals
how the goals need to be achieved (efficient and effective)
Efficiency- means, doing things right
Effectiveness- Ends, doing right things
10/17/2022 2
, Why we study management?
The universality of management
Management is needed in all types and sizes of
organizations , at all work areas, and in all organizations
The reality of work
In your career, it is either to manage or be managed.
Hence, it is necessary to work with managers or to have
responsibilities with non-managerial positions.
The reward and challenges of being a manager
managers can think creatively/their success depends on
others work performance
Work with variety of people/motivate in uncertain
situation
10/17/2022 3
, Management Objectives
There are basically three management
objectives.
Ensuring organizational goals with least cost
and minimum waste
Looking after health, welfare, and safety of
staff
Protecting the resources of the organization
10/17/2022 4
