2. 1.WHAT DO YOU MEAN BY MANAGEMENT?GIVE
EXAMPLES AND DIAGRAM
There are many ways to construe what management is. Some of which are
following:
• Management is a problem solving process of effectively achieving organizational
objectives through the efficient use of scarce resources in a changing
environment.
• Management is an art of knowing what to do when to do and see that it is
done in the best and cheapest way .
3. -Management is a set of activities directed at the efficient and effective
utilization of resources in the pursuit of one or more goals.
-working with human, financial and physical resources to achieve organizational
objectives by performing the planning, organizing, leading.
5. 2.WHAT ARE THE DIFFERENT
FUNCTIONS OF MANAGEMENT? GIVE
DIAGRAM AS
EXAMPLES
Functions of Management
.Planning and Decision Making - Planning is decision-making regarding
the goals and setting the future course of action from a set of
alternatives to reach them. Planning involves selecting missions and
objectives and the actions to achieve them. It requires decision-making
or choosing future courses of action from among alternatives.
6. -Organizing – Coordinating Activities and Resources -
• Organizing involves determining how activities and resources
• are to be assembled and coordinated. Organizing produces a
• structure of relationships in an organization, and it is through
• these structured relationships, plans are pursued. Organizing is
• part of managing, which involves establishing an intentional
• structure of roles for people to fill in the organization.
-Leading – Managing, Motivating, and Directing People-
• The third basic managerial function is leading. It is the skills
• of influencing people for a particular purpose or reason.
• Leading is considered to be the most important and challenging of all managerial activities
8. • Functions of management are a logical foundation on which you may rely in your
professional life. Now that we’ve gone over each function in depth, let’s look at
how they’re used in practice. The following are some examples of management
functions:
--Assume you work as an operations manager for a company that
manufactures office furniture. Your responsibilities will include defining
manufacturing, packing, and delivery methods. You’ll need to keep an eye
on the assembly line’s progress. This is to ensure that
everything is up to code and that performance is not jeopardized at any
moment.
9. • As a manager, you must set clear production targets, hire the right people
for your team, and track progress to avoid mistakes. Throughachieve
quality standards, you must collaborate with your team from the planning
to the controlling stages.
• Assume you’re a sales manager tasked with selling a new product.
Your responsibilities now include forming a new sales team for this project. This
is where you assess talents and varied capabilities in order to appoint the
right people. Someone proficient in mathematics, for example, may assist
you in visualizing sales projections and developing budgets.
Meanwhile, someone with good design skills can contribute to the product
packaging and ad campaigns.