Definition of Management

Date: 2015-10-07; view: 542.

A) What is management? Rank the following according to how important you think they are. Compare your answers with a partner.

i) planning, organization, motivation, control;

ii) an array of different functions undertaken to accomplish a task successfully;

iii) an art and a science;

iv) the process of how one achieves ones target or goals;

v) the managerial process of forming a strategic vision, setting objectives, crafting a strategy and then implementing and executing the strategy.

b) Read the text and compare your answers:

Management is based on scientific theories and today we can say that it is a developing science.

But knowledge of theories and principles doesn't provide prac­tical results. It is necessary to know how to apply this knowledge. Practical application of knowledge in the management area re­quires certain abilities or skills. Here is an example:

Depending on its size, an organization may employ a number of specialized managers who are responsible for particular areas of management. A very large organization may employ many man­agers, each responsible for activities of one management area. In contrast, the owner of a sole proprietorship may be the only man­ager in the organization. He or she is responsible for all levels and areas of management.

What is important to an organization is not the number of man­agers it employs but the ability of these managers to achieve the organization's goals, and this ability requires a great skills.

In other words, management is the process of coordinating the resources of an organization to achieve the primary orga­nizational goals.