Good management is needed to inject motivation, creativity, discipline, and enthusiasm into areas in which they either donвЂ™t exist or theyвЂ™re not necessarily wanted. A manager does this by acting as a clear channel of communication within the business that he or she serves. Since most managers are responsible for more work than one person can normally perform, a good manager delegates and integrates his or her work (or the work of others). Therefore, management is needed in order to facilitate a coordinated effort toward the accomplishment of the organizationвЂ™s goals. Since organizations can be viewed as systems, management can also be defined as human action (including design) to facilitate the production of useful outcomes from a system. Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Developing subordinates (good managers arenвЂ™t afraid of letting other people shine and, in fact, they encourage it).Successfully adjusting to constant change.The Need for Management: Management is needed in order to coordinate the activities of a business and make sure all employees are working together toward the accomplishment of the organizationвЂ™s goals. In the same vein, good managers regularly take educated risks and exercise good judgement (the basis of entrepreneurship). In this regard, a good manager is responsible for reducing waste and ambiguity, keeping costs down, and motivating others to do the same. In other words, good managers are needed to keep their organizations on track by ensuring that everything thatвЂ™s being done is ethically geared toward providing what customers want. Good managers constantly streamline their organizations toward making a sale. Equally remiss is the fact that most definitions of management neatly filter out service in their descriptions of management. This is astonishing because serving customers in order to obtain a profit is the crux of every business organization. Yet, if one looks through most management books for a definition of management, 99.9 percent of the time the word customer will not be mentioned. The purpose of management is to serve customers. entrepreneurship: The art or science of innovation and risk-taking for profit in business.People who work for managers must realize that it is their job to make their managers value them.Good management is needed to inject motivation, creativity, discipline, and enthusiasm into areas in which they either donвЂ™t exist or theyвЂ™re not necessarily wanted.

Good managers are needed to keep their organizations on track by ensuring that everything thatвЂ™s being done is ethically geared toward providing what customers want.

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

No matter which type of management style is used by an organization, the main objective of managers is to help employees reach company goals and maintain company standards and policies. In servant leadership, the organization recognizes employees as experts in their field and work to help them work efficiently. With this approach, the manager helps supply resources the employees need to meet company goals. In a team management arrangement the manager is a guiding hand to help the members of the team work together to solve problems but doesnвЂ™t dictate policy and the entire team receives the reward of meeting those goals. In traditional management systems, the manager sets out expectations for the employees who need to meet goals, but the manager receives the reward of meeting those goals. There is a hierarchy of employees, low level management, mid-level management, and senior management. The addition of work teams and servant leadership has changed what is expected from managers, and what managers expect from their employees. There are different types of management styles, and the management process has changed over recent years. Resourcing encompasses the deployment and manipulation of: There are several different resource types within management. Management functions include: Planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.

Definition of Management: The Management Process

Management of business pdf