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  5. Introduction to Management (MGMT)

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Summary "Comprehensive Overview: Introduction to Management and Ethical Responsibilities in the 21st Century"
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"Comprehensive Overview: Introduction to Management and Ethical Responsibilities in the 21st Century" provides a detailed exploration of fundamental concepts in management, drawing from the book "Management: A Competency-Based Approach, 10th Edition" by Don Hellriegel. The document covers various a...

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  • May 26, 2023
  • 3
  • 2022/2023
  • Summary

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Introduction to
management
Prepared By

Tanaka Mawoyo

CHAPTER 1

Chapter 1: The Nature of Management

Definition of management and its importance in organizations
Evolution of management theories and approaches
Functions of management: planning, organizing, leading, and controlling
Role of managers in achieving organizational goals
Key management skills and competencies
The changing nature of management in the 21st century




Definition of management and its importance in organizations

Management can be defined as the process of coordinating and overseeing the activities
of individuals and groups to accomplish organizational goals effectively and efficiently. It
involves planning, organizing, leading, and controlling resources.
Management is crucial for organizations as it provides direction, ensures the efficient use
of resources, facilitates goal achievement, and fosters a productive work environment.

Evolution of management theories and approaches:

Management theories have evolved over time in response to changing organizational needs and
challenges.
Classical Management Theory (early 20th century): emphasized principles of scientific
management (Frederick Taylor), administrative management (Henri Fayol), and bureaucratic
organization (Max Weber).

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