Management in all business and organizational activities is the act of
coordinating the efforts of people to accomplish desired goals and objectives
using available resources efficiently and effectively.
Resourcing encompasses the deployment and manipulation of human resources,
financial resources, technological resources, and natural resources.
Business management came to consist of six separate branches,
- Human resource management
- Operations management or production management
- Strategic management
- Marketing management
- Financial management
- Information technology management
Management operates through various functions, often classified as planning,
organizing, staffing, leading/directing, controlling/monitoring and
- Planning: Deciding what needs to happen in the future (today, next
week, next month, next year, over the next five years, etc.) and generating
plans for action.
- Organizing: (Implementation)pattern of relationships among workers,
making optimum use of the resources required to enable the successful carrying
out of plans.
- Staffing: Job analysis, recruitment and hiring for
- Leading/directing: Determining what must be done in a situation and
getting people to do it.
- Controlling/monitoring: Checking progress against plans.
- Motivation: Motivation is also a kind of basic function of
management, because without motivation, employees cannot work effectively.
- Interpersonal: roles that involve coordination and interaction with
- Informational: roles that involve handling, sharing, and analyzing
- Decisional: roles that require decision-making.
- Political: used to build a power base and establish connections.
- Conceptual: used to analyze complex situations.
- Interpersonal: used to communicate, motivate, mentor and
- Diagnostic: ability to visualize most appropriate response to a
- Technical: Expertise in one's particular functional area.
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