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Management, A set of activities directed at an organisation’s resources…
Management
Organisational resources
Human resources
Managerial talent and labor
Human capital
Financial resources
Capital investments to support ongoing and long-term operations
Physical Assets
Raw materials; office and production facilities, and equipment
Information
Usable data, information linkages
Purpose of management
EFFICIENTLY
Using resources wisely and in a cost-effective way
EFFECTIVELY
Making the right decisions and successfully implementing them
Managing in organisations
For-Profit organisations
Large businesses-Industrial firms, commercial banks, insurance firms, retailers, transportation firms, utilities, communication firms, service organisations
Small businesses and start-up businesses
International management
Not-for-Profit organisations
Governmental organisations—local, state, and federal
Educational organisations—public and private schools, colleges, and universities
Healthcare facilities—public hospitals and HMOs
Non traditional settings—community, social, spiritual groups
Manager
Someone who plans and makes decisions, organizes, leads, and controls human, financial, physical, and information resources.
Plan
A manager cannot operate effectively unless he or she has long range plans.
Planning
-the conscious, systematic process of making decisions about goals and activities to be pursued in the future
-importance of formal planning has grown dramatically
Decision making
Is the cornerstone of planning.
Is the catalyst that drives the planning process.
Underlies every aspect of setting goals and formulating plans.
Organise
When there is more than one employee needed to carry out a plan, then organisation is needed.
Organizing
The deployment of organizational resources to achieve strategic goals follow from strategy (strategy define what to do, organizing defines how to do)
Organizing process
-Leads to the creation of organization structure which defines how task are divided and resources deployment
Organizational structure
3 more items...
Accountability
The mechanism through which authority and responsibility are brought into alignment.
Delegation
Is the process managers use to transfer authority and responsibility to positions below them in their hierarchy
Span of control
2 more items...
means that the people with authority and responsibility are subject to reporting and justifying task outcomes to those above them in the chain of command.
Control
Develop a method to know how well employees are performing to determine what has been and what still must be done.
Controlling
The process of monitoring performance against goals, intervening when goals are not met, and taking corrective action
First step – Drafting plans
Important aspect is creating incentives that align employees’ and organisation’s interests
A set of activities directed at an organisation’s resources with the aim of achieving organisational goals in an efficient and effective manner.
planning
organizing
leading
controlling
ii. Subordinates performed similar work task
i. Work performed by the subordinates is stable and routine
iii. Subordinates are concentrated in a single location
iii. Ensure decisions are made close to the action by well informed people
ii. Make greater use of employees skill and abilities
iv. Rapid response to external change
Mohamad Fakhruddin bin Md Jamil 2018284214 EM1105A