Overview of Management and Organization
Last modified by Jhonlyn Nucal on Saturday, 8 August 2020, 3:13 PM
This document was downloaded on Wednesday, 9 February 2022, 12:02 AM
Overview
What is management? The various
definitions of “Management” all leads to the description that Management is the achievement of
organizational
objectives through people and other resources. It consists of several functions
as follows:
Decision Making is the process by which a decision maker determines the available
alternatives and chooses the best solution that suits a given problem.
Planningis
the process of establishing objectives and suitable courses of action
before taking action
Organizing is
the process of arranging and organization’s structure and coordinating its
managerial practices and use of resources to achieve its goals
Staffingrefers to the process of recruiting, placing training and developing
personnel.
Communicating refers to transferring information from one communicator to
another.
Motivatingrefers to the act of giving employees reasons or incentives to work in
order to achieve organizational objectives.
Leading is
the process of directing and influencing task-related activities of
organization members
Controllingis the process of monitoring actual organizational activities to
see to it that they conform to planned activities and correcting
deviations or flaws.
Each of the aforementioned functions will
be dealt with individually in the succeeding modules of AOM. Bear in mind that
all these are functions of management and all should be effectively and
efficiently performed by managers in the organization.
But
why is there a need to study management and all its functions?
Management is important because human
needs and wants are a universal concern. With limited resources, each move of
an organization should ensure that needs and wants are satisfied. Balancing the
effective and efficient use of resources enables a business organization to
survive in this complicated and competitive world.
When does one become effective
and when does one become efficient?
When
someone hits his goals and he is able to get the desired results (output), then
we can say that he is effective. For example: A baker targets to sell 100
cupcakes in a week. Checking on his sales record after a month, it shows that
he was able to sell an average of 105 cupcakes a week. Then he is doing the
right thing! He is effective.
Effectiveness
is measured on output while efficiency is measured on inputs. If the baker is
