BU111 Final: Management Management and all its components. includes very comprehensive diagrams and figures. very extensive and detailed processes of management and similar activities
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BU111 Full Course Notes
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Document Summary
Management is the process of working with and through individuals, groups ,and resources, to achieve organizational goals. The process of management: chapter 6 in text discusses the process of management , steps in the process of management, planning, organizing, motivating, leading, directing, empowering (the people dimension, controlling (monitoring performance, comparing to plan, corrective action) Selecting the best course of future action from the alternatives available given certain time, money, market, and personnel constraints. Planning is the first step in the process of management. It is also viewed as the most important step since it is the foundation upon which all of the other managerial processes rest. It is the mechanism that allows managers to come to grips with change and deal with extremely dynamic external business environment. A formalized planning system is one that requires the input of all managers within an organization.