TERM ONE - TOPIC ONE NATURE AND CONCEPT OF MANAGEMENT
TERM ONE - TOPIC ONE NATURE AND CONCEPT OF MANAGEMENT
Learning Objectives:
After completing this chapter, you'll be able to:
One. Discuss the meaning and functions of management;
Two. Explain the various types of management theories;
Three. Explain the functions, roles, and skills of a manager;
Four. Understand the basic concepts and theories of management; and
Five. Apply management theories and concepts in solving business cases.
What is Management?
What is Management?
Management is the science of coordinating and overseeing work performance of individuals working together in organizations, so that they could efficiently and effectively accomplish their chosen aims or goals.
Weihrich and Koontz define management as the process of designing and maintaining an environment for efficiently accomplishing selected aims.