Summary
Summary Principles of Management IIA Chpt.1&2 - Overview & Managerial Competencies
- Institution
- University Of The Witwatersrand (wits)
- Book
- Management
Managerial Tasks, Key Competencies of Managers, and Managerial Effectiveness.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Seller
Follow
Content preview
Principles of Management IIA by ProfessorBurgerQueenChapter 1: Overview
- Management is the administration of an organisation, whether it is a business,
nonprofit, or government body
- It is the process of planning, organising, leading, and controlling the human, financial,
physical, and information resources of an organisation to reach its objectives
effectively and efficiently
- An organisation is a collection of people working together to achieve a common
purpose that cannot be completed efficiently and effectively by a person acting alone
- The purpose is expressed in the form of foals, which can be seen in its vision and
mission
- Managers differ from employees in that they do not work on operational tasks,
instead, they supervise, have authority over, and are accountable for the work of their
subordinates
- They supervise by ensuring that employees understand their own individual work
goals and also how the achievement of these contributes to the success of the
overall organization
- It is possible to be efficient without being effective and vice versa, because while
efficiency is how well something is done, effectiveness refers to how useful
something is
- Effectiveness is defined as the degree to which something is successful in producing
the desired result
- Efficiency refers to the ability to accomplish something with the least amount of
wasted time, money, and effort
Managerial Tasks
- Planning
- Leading
- Organising
- Controlling
- Planning is deciding on what the organisation's objectives are and the best way to
achieve them. This is done by:
- Analysing the current situation
- Anticipating the future
- Determining objectives
- Choosing appropriate strategies to achieve the objectives
- Determining the resources needed to achieve the organisation's goals
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ProfBurgerQueen. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R60,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83249 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now