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    MGT Assignment

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    Rio Awitin
    Management involves planning, organizing, leading, and controlling an organization to achieve its goals. Managers coordinate the work of others through various roles like top managers who develop strategy, functional managers who oversee areas like marketing, and supervisory managers who lead teams. An organization is a social group with coordinated processes and activities to achieve objectives while interacting with its environment. Studying management teaches leadership, teamwork, communication, and career skills by understanding functions like planning goals, structuring work through organizing, influencing employees through leading, and maintaining performance through controlling.

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    MGT Assignment

    Uploaded by

    Rio Awitin
    76 views2 pages
    Management involves planning, organizing, leading, and controlling an organization to achieve its goals. Managers coordinate the work of others through various roles like top managers who develop strategy, functional managers who oversee areas like marketing, and supervisory managers who lead teams. An organization is a social group with coordinated processes and activities to achieve objectives while interacting with its environment. Studying management teaches leadership, teamwork, communication, and career skills by understanding functions like planning goals, structuring work through organizing, influencing employees through leading, and maintaining performance through controlling.

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    Management involves planning, organizing, leading, and controlling an organization to achieve its goals. Managers coordinate the work of others through various roles like top managers who develop strategy, functional managers who oversee areas like marketing, and supervisory managers who lead teams. An organization is a social group with coordinated processes and activities to achieve objectives while interacting with its environment. Studying management teaches leadership, teamwork, communication, and career skills by understanding functions like planning goals, structuring work through organizing, influencing employees through leading, and maintaining performance through controlling.

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    76 views2 pages

    MGT Assignment

    Uploaded by

    Rio Awitin
    Management involves planning, organizing, leading, and controlling an organization to achieve its goals. Managers coordinate the work of others through various roles like top managers who develop strategy, functional managers who oversee areas like marketing, and supervisory managers who lead teams. An organization is a social group with coordinated processes and activities to achieve objectives while interacting with its environment. Studying management teaches leadership, teamwork, communication, and career skills by understanding functions like planning goals, structuring work through organizing, influencing employees through leading, and maintaining performance through controlling.

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    What is Management?

    Management is the process of planning, organizing, leading, and controlling the activities of an
    organization effectively and efficiently to achieve its goals. Management provides the means to maintain
    a firm’s competitive advantage. It lays out the foundation of successful operations that lead to efficiency
    and profitability and establishes the link between the development of strategies and their
    implementation and control. Also, management is essential for an organized life and necessary to run all
    types of management. Good management is the backbone of successful organizations.

    Who are Managers?

    A manager is some one who works with and through other people by coordinating their work activities
    in order to accomplish organizational goal. Manager performs various job, duties, and responsible for
    higher profits and great performance. Here are the following figure of managers.

     Top managers are responsible for developing the organization’s strategy and being a steward for
    its vision and mission.
     Functional managers are responsible for the efficiency and effectiveness of an area, such as
    accounting or marketing.
     Supervisory or team managers are responsible for coordinating a subgroup of a particular
    function or a team composed of members from different parts of the organization.
     A line manager leads a function that contributes directly to the products or services the
    organization creates.
     A general manager is someone who is responsible for managing a clearly identifiable revenue-
    producing unit, such as a store, business unit, or product line.

    What is an Organization?

    A social group with well-coordinated processes and activities for the purpose of achieving the company’s
    objectives and interacts with the environment where it is situated. Organization is also the act of
    forming or establishing something like an organization. It can also refer to a system of arrangement or
    order, or a structure for classifying things. Oranizations, therefore, need to keep abreast of all these
    changes and managers need to be dynamic and flexible to address the challenges that changes bring.

    Why study Management?

    Studying management teaches how to effectively lead and manage others to help individuals, teams and
    organizations meet their full potential. Management also involves with the coordination and overseeing
    the work of activities of other to be achieved by their organizational goals. Therefore studying
    management can give us value and benefits to become a more effective leader, team player,
    interpersonal communicator and excellent career opportunities.

    What are the functions of management?

     Planning – the management function wherein managers identify and select the company’s goals
    and determine the corresponding courses of action in order to achieve them.
     Organizing – refers to structuring the business organization where employees are grouped
    together to perform jobs or task.
     Leading – a management function where managers influence and encourage their subordinates
    to perform their task.
     Controlling – a management function that requires managers to identify any deviations from
    strategies and methods and implement corrective actions to maintain or improve performance.

    References:

    Saunders, E. P. (n.d). What is Management? Retrieved September 13, 2014, from Rochester Institute of
    Technology: http://saunders.rit.edu/programs/undergraduate/management/what-is.php

    Changazi, I. H. (2012, March 8). THE ROLE OF MANAGEMENT IN AN ORGANIZATION. Retrieved


    September 13, 2014, from SlideShare: http://www.slideshare.net/IftikharChangazi/role-of-
    management-in-organization

    Collins, K. (2014). What Do Managers Do? Retrieved September 13, 2014, from Exploring Business:
    http://catalog.flatworldknowledge.com/bookhub/7?e=collins-ch06_s01#collins-ch06_s01_f01

    Manojonkar. (2008, December 3). DEFINE MANAGEMENT & ITS FUNCTIONS. Retrieved September 13,
    2014, from Management Innovations:
    http://managementinnovations.wordpress.com/2008/12/03/define-management-its-functions/#

    Luthans, F., Rosenkrantz, S., & Hennessey, H. (2014). What Do Successful Managers Really Do? An
    Observation Study of Managerial Activities. Retrieved September 13, 2014, from sagepub:
    http://jab.sagepub.com/content/21/3/255.short

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