Factors influencing Management

Management Functions – Introduction to Management

5

Management

• Is the process of coordinating resources in

order to accomplish an organization’s goals

• Is carried out by a supervisor, manager or

management team

7

The Management Process

• Is the primary activity a supervisor or

manager performs

• Is composed of the basic management

functions

• Is key to completing a task effectively and

efficiently

8

Management

• Efficiency

−means doing the task right
−is the ability to do something well or achieve a

desired result without wasted energy or effort

−refers to the relationship between inputs and

outputs

9

Management

• Effectiveness

−means doing the right task
−translates into obtaining business goals
−is not always efficient

10

Management Tip

• To be a good supervisor you must be

concerned with both reaching goals and
doing so in an efficient manner

11

Management

• Can be influenced by environmental factors

−internal

• elements within a company

−external

• factors outside a company’s control

12

Internal Environmental Factors

• Include:

−role of company leadership
−strength of employees
−social influences

13

External Environmental Factors

• Can be:

−directly interactive

• environment will have an immediate impact on

the company

−indirectly interactive

• environment will have a secondary effect on

the company

• Include:

−government regulations
−competition
−political factors