Management Concepts and Characteristics

Management is the art of getting things done through people.

Management is the art of getting things done through and with people in formally organized groups, creating an environment for performance and cooperation towards group goals.

Management is the process by which a cooperative group directs actions towards common goals.

Management is a distinct process of planning, organizing, actuating, and controlling resources (especially human) to achieve stated goals.

Managers think ahead and base actions on methods, plans, or logic rather than hunches.

Managers coordinate human and material resources within the organization.

Achieving organizational goals through getting work done from others.

A systematic approach to getting work done, involving planning, organizing, directing, and controlling.

The key activities involved in achieving organizational goals

Determining objectives and outlining actions needed to achieve them.

Structuring resources to carry out plans effectively

Recruiting, selecting, and training employees.

Motivating and leading employees to perform tasks.

Monitoring performance and taking corrective actions.

Managing human resources within a company.

Managing funds for business needs (long-term and short-term).

Management is a process of achieving organizational objectives by motivating, directing, and controlling people and resources (e.g., finances, equipment).

Management is a process of efficiently using resources (people, materials, machines, money) to achieve a goal.

Management aims to achieve specific objectives, either explicit or implicit, for the organization.

Management is centered around people (and motivating them) rather than just overseeing tasks.

Managers accomplish tasks through others; they don't do everything themselves.

Management utilizes economic principles to effectively utilize people and materials.

Management involves bringing together different activities and resources to meet objectives.

Management techniques are useful in all types of organizations.

Determining what needs to be done, how, where, by whom, and how results will be evaluated, in advance, for the future.

Forecasting, decision-making, strategic formulation, policy-making, programming, scheduling, budgeting, problem-solving, innovation.

Coordinating human resources and other resources (materials, machines, money) to achieve planned objectives.

Identifying, grouping activities, defining responsibility and authority, and establishing relationships to achieve objectives.

The arrangement of work, responsibility, and authority within a company.

A desired outcome or result that an organization strives to achieve.

Time spans of plans may vary from very short (hours) to very long (years).

Planning is done by all levels of management (top, middle, supervisory).

Leadership is the process where a manager guides and influences their subordinates' work.

Motivation is the act of creating enthusiasm in workers to perform their best.

Financial motivation includes things like salary and bonuses, while non-financial motivation includes job security and opportunities for growth.

Controlling ensures that everything aligns with the plans, instructions, and principles established.

Control involves setting standards, measuring performance, and taking corrective action if needed.

Controlling involves fixing standards, recording data, measuring results, reporting, and taking corrective action.

Most companies have a hierarchy with levels of authority. Typically, there are top, middle, and supervisory levels.

Top management includes the board of directors and the chief executives.

Assigning tasks and duties to appropriate individuals, giving them the authority to complete them, and holding them accountable for results.

Finding and hiring the right people for jobs in an organization, training them, and setting their pay.

Forecasting the future needs for employees and planning how to fill those needs.

The process of finding potential candidates for open positions.

Guiding and motivating employees to achieve organizational goals.

The process of exchanging information and ideas between people, contributing to understanding.