Nature, Purpose, and Definitions of Management An Introduction to Management Principles Name of Presenter Date
Introduction Why is management necessary across different fields? Management is required for the effective functioning of all human endeavors, including: - Government establishments - Business enterprises - Hospitals - Non-profit organizations
Learning Objectives By the end of this unit, you should be able to: - Explain the nature and purpose of management - Explain the need for management - Define management
Nature and Purpose of Management Management coordinates human activities to achieve desired results Applies to all types of organizations Involves two types of employees: - Ordinary Workers: Directly involved in productive activities - Management Staff: Responsible for employing, firing, and decision-making
Role of Management Managers organize resources (people, money, assets) to achieve objectives Set goals and policies for the organization Responsible for results and overall direction
The Need for Management Not all individuals aspire to management positions Coordinating efforts is crucial for achieving organizational goals Managers possess special talents distinct from labor and ownership
Definitions of Management Breech: Process entailing responsibility for planning, regulation, and supervision Grovernor Plowman: Technique to determine, clarify, and effectuate objectives American Institute of Management: Group of functions and personnel that manage the organization
Key Functions of Management - Decision-making - Supervision - Motivation - Judging performance and progress
Conclusion Management sets organizational objectives Efficient utilization of resources is key to achieving objectives Definitions of management vary, but focus on guiding and organizing efforts to achieve results
Assignment 1. What is your definition of management based on the different perspectives covered in this unit? 2. How does management impact the success of an organization?