Principles of Management Qa free essay sample

1. Management is as a factor of production along with machines, materials, and money. Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. 2. Four main factors of management are: * Planning, Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions. It also requires that managers be good decision-makers. Organizing, Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives. * Controlling, Controlling consists of three steps, which include establishing performance standards, comparing actual performance against standards, and taking corrective action when necessary. * Leading, leading involves influencing others toward the attainment of organizational objectives. Effective leading requires the manager to motivate subordinates, communicate effectively, and effectively use power. These are efforts for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. We will write a custom essay sample on Principles of Management Qa or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 3. Three types of management: * Top management * Middle management * First line management 4. There are three fundamental skills of a manager: * TECHNICAL skills The manager should be proficient at specific tasks. This in turn helps to provide the credibility or knowledge to persuade people to do certain things. * Interpersonal skills The manager has to know how to work with people. * CONCEPTUAL skills The manager can see the organization as a whole. In other words, there has to be some knowledge of the organization and what it does and how it interacts with other organizations. 5. Management is an art and a science in my opinion, because you learn ways of management from books, teachers, internet etc but it is how you apply it to your everyday life. You don’t only manage people on your job but you can also manage your home and life and finances just to name a few. So in short you learn the foundation of management and then t is up to you to portray it and add your flow with it it basically depends on the type of personality you have.