MGMT 1053 Lecture Notes - Lecture 1: Human Resources
Document Summary
Management is a very popular term and has been used extensively for all types of activities and mainly for taking charge of different activities in any enterprise. As you have seen from the above example and case study that management is an activity which is necessary wherever there is a group of people working in an organisation. People in organisations are performing diverse tasks but they are all working towards the same goal. Management aims at guiding their efforts towards achieving a common objective a goal. Thus, management has to see that tasks are completed and goals are achieved (i. e. , effectiveness) with the least amount of resources at a minimum cost (i. e. , efficiency). Management, has therefore, been defined as a process of getting things done with the aim of achieving goals effectively and efficiently. These are (a) process, (b) effectively, and (c) efficiently. Process in the definition means the primary functions or activities that management performs to get things done.
