Defining Management

systems thinking

The process of understanding how parts influence one another within a whole.

shareholder

Through owning stock, the real owner of a publicly traded business that is run by management.

Henri Fayol, 1841-1925

considers management to consist of six functions: forecasting, planning, organizing, commanding, coordinating, and controlling.

At first, management may be considered as a type of

function.

In for-profit work, the primary function of management is

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners.

What various functions, does management operates through?

such as planning, organizing, staffing, leading/directing, controlling/monitoring, and motivating.

Management may be considered as a type of function

which measures financial metrics, adjusts strategic plans, and meets organizational goals.

Mary Parker Follet 1868-1933

defined management as "the art of getting things done through people.

In the for-profit environment,

management is tasked primarily with meeting the needs of a range of stakeholders.

Mary Parker Follett 1868-1933

defined management as "the art of getting things done through people."

One of the most important duties for a manager is

effectively using an organization's resources.;

Management is the act of

engaging with an organization's human talent and its resources to accomplish desired goals and objectives.

Since organizations can be viewed as systems, management can also be defined as

human action, such as product design, that enables the system to produce useful outcomes.

What are the six separate branches of business management?

1. Human resource management 2. Operations management or production management 3. Strategic management 4. Marketing management 5. Financial management 6. Information technology management, responsible for the management information systems

Controlling/monitoring is:

Checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved.

Planning is:

Deciding what needs to happen in the future,today, next week, next month, next year, over the next five years, etc., and generating plans for action.

Leading/directing is:

Determining what needs to be done in a situation and getting people to do it.

Towards the end of the 20th century, business management came to consist of six separate branches.

Human resource management Operations management or production management Strategic management Marketing management Financial management Information technology management (responsible for the management information systems)

Motivating is:

If managers do not motivate their employees, they may not feel their work is contributing to the overall goals of the organization, which are usually set by top-level management.

Organizing is:

Implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans.

Staffing is:

Job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs.

theoretical

Of or relating to the underlying principles or methods of a given technical skill, art, etc., as opposed to its practice.

stakeholders

Persons or organizations with a legitimate interest in a given situation, action, or enterprise which are directly affected by the organization's actions.

A front-line supervisor is

a person who practices management by working with and through people in order to accomplish his or her organization's goals.

More realistically, however, every organization must:

manage its work, people, processes, technology, etc. to maximize effectiveness and accomplish its goals.

Research shows that managers account for as much as 70%

of the variance in a team's engagement Gallup, 2017.

This duty involves deploying and manipulating human resources

or human capital, as well as efficiently allocating the organization's financial, technological, and natural resources.

Successful management imposes a degree of

order and discipline so that work can be accomplished quickly and accurately, but at the same time allows for some autonomy.

Management comprises

planning, organizing, staffing, leading/directing, and controlling an organization a group of one or more people or entities or effort for the purpose of accomplishing a goal.

Management

refers to the organization and coordination of work to produce a desired result.

Management operates through various functions,

such as planning, organizing, staffing, leading/directing, controlling/monitoring, and motivating.

Another perspective regards management as equivalent to "business administration"

and thus excludes management in places outside commerce, for example in charities and in the public sector.

organization chart

A graphic display of reporting relationships, which sometimes displays position titles and position holders.

Who defined management as "the art of getting things done through people?

Mary Parker Follett, 1868-1933

Motivating is:

Motivation is a basic function of management because without motivation, employees may feel disconnected from their work and the organization, which can lead to ineffective performance.

Staffing is:

Providing or facilitating ongoing training, if necessary, to keep skills current.

In most models of management/governance:

shareholders vote for the board of directors, and the board then hires senior management.

What are the six functions of management according to Henri Fayol, 1841-1925?

considers management to consist of six functions: forecasting, planning, organizing, commanding, coordinating, and controlling.

This typically involves making a profit, for the shareholders:

creating valued products at a reasonable cost, for customers, and providing rewarding employment opportunities, for employees.