What Is Management? PDF
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Zayed University
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Summary
This document introduces the concept of management, covering learning objectives, definitions of effectiveness & efficiency, and discussing resource management and organizational performance. It's presented as learning materials, not a past paper.
Full Transcript
What is Management? Week 1 Learning Objectives What is management? What is the difference between effectiveness and efficiency? Why study management? What is Management? Organizations - Collections of people who work together and coordinate their actions to achieve desired g...
What is Management? Week 1 Learning Objectives What is management? What is the difference between effectiveness and efficiency? Why study management? What is Management? Organizations - Collections of people who work together and coordinate their actions to achieve desired goals. Organizational Performance - A measure of how efficiently and effectively managers use available resources to satisfy customers and achieve organizational goals. Managers - The people responsible for supervising the use of an organization’s resources to meet its goals What is Management? (continued) Resources - Includes people, skills, know-how and experience, machinery, raw materials, computers and IT, patents, financial capital, and loyal customers and employees Management - The planning, organizing, leading, and controlling of human and other resources to achieve organizational goals in an effective and efficient manner What is Management? (continued) Effectiveness - A measure of the appropriateness of the goals an organization is pursuing and the degree to which they are achieved Efficiency - A measure of how well or how productively resources are used to achieve a goal Efficiency and Effectiveness Exercise 1 Can you provide an example of an organization that is very effective? How about efficient? Question: Computing Efficiency Assume Sara produces 100 units per week and spends AED 20, and Fatima produces 60 units per week and spends AED 10. Who is more efficient? Exercise 2 Consider a goal or responsibility in your own life. How might you be more effective? How about efficient? Why study management? 1. The more efficient and effective use of resources contributes to the well-being and prosperity of society 2. Helps people deal with other managers and subordinates, and improves organizational performance 3. Opens a path to a well-paying job and a satisfying career
