20/02/2012 Professional & Short Term Course

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PGDM ADMISSION PGDM FEES STRUCTURE PGDM ADMISSION LAST DATE PGDM SYLLABUS CONTACT @@@@@@@@@@@9266214166 OR SMS YOUR NAME & MAIL ID AT 9266214166 OR MAIL US AT admissionhelpline2012@yahoo.com PGDM COURSES CONTACT@@@@@@@@@9266214166 MANAGEMENT DEFINED Define management – (ask students for a definition) Lots of answers will work, but a good one is the process of reaching organizational goals by working with people and other resources. Another definition could be – knowing what you want people to do, and then getting them to do it the best way.  Managers must concentrate on reaching organizational goals, and they should use their resources to accomplish those goals. For many years the management process has been divided into principles, sometimes called functions.  Some sources will state that there are five principles and others will say there are four.  For this lesson, we will use four: planning, organizing, influencing, and controlling.  Some people use decision making as a fifth principle, but we will use decision making as part of the planning process.  Also, some use leading instead of influencing, but we like the term nfluencing better.  Certainly, leading is a part of  influencing, but we will discuss the differences between leadership and management later in this lesson.  Management is a continuing process, and managers are always involved in some way  with these principles.  These principles are designed to help managers accomplish organizational objectives, and good managers will use them.  These principles are not isolated but are interwoven throughout the manager’s thoughts and actions. Managers must combine and coordinate these principles and must maximize their  value to achieve their goals.  Managers trive to be effective and efficient and these principles help them.  These management principles are universal and applicable to all types of businesses and organizations.

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