Management Overview and Functions

Front

Management is the art of getting things done by a group of people with the effective utilization of available resources.

Back

What is the definition of management?

Front

Planning, organizing, staffing, directing, coordinating, motivating, and controlling.

Back

What are the primary functions of management?

Front

Top management lays down objectives, issues instructions, prepares strategic plans, appoints executives, controls activities, and maintains contact with the outside world.

Back

What is the role of top management?

Front

Administration is concerned with the determination of corporate policy, while management is concerned with the execution of policy.

Back

What is the difference between administration and management according to Oliver Sheldon?

Front

Top level, middle level, and lower level management.

Back

What are the three levels of management?

Front

Organizations are made up of people, have distinct purposes, develop systematic structures, are both art and science, are continuous processes, aim at maximizing profits, involve decision making, and are leadership activities.

Back

What are the characteristics of management?

Front

Planning is the most fundamental function of management, setting goals and determining a course of action to achieve desired results.

Back

What is the importance of planning in management?

Front

Strategic plans (apply to the entire organization) and operational plans (specific to operational areas).

Back

What are the types of planning based on breadth?

Front

Technical, human, conceptual, communication, administrative, leadership, problem-solving, and decision-making skills.

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What are the managerial skills required for effective management?

Front

Autocratic, democratic, and laissez-faire.

Back

What are the three main management styles?