Management

What is management in business?

What is the role of ‘Management’ in a business?

Achieving a businesses objectives through the use of human and non - human resources in an effective manor.

What are the responsibilities of a manager?

• Planning

• Commanding

• Controlling

• Coordinating

• Organizing

What is a managers primary objective for the planning function?

Setting the course of action to achieve the businesses objectives. This involves tactical plans (short-term plans) and strategic plans (long-term plans).

What is a managers primary objective for the commanding function?

Managers give instructions and orders to their teams and subordinates to achieve business objectives.

What is a managers primary objective for the controlling function?

Managers take responsibility for the performance of their teams, with corrective measures to be taken if employee performance targets aren’t being met.

What is a managers primary objective for the coordinating function?

Managers have the responsibility in ensuring that all departments are striving to meet the businesses objectives using the businesses resources.

What is a managers primary objective for the organizing function?

Managers organize resources to achieve business objectives.

What is a manager?

Someone with decision making authority within a business who holds responsibility for problem solving to achieve specific organizational goals / objectives.