Introduction to Management

2960 Words Feb 26th, 2012 12 Pages
Introduction to Management
Management nowadays can be seen as one of the most important factors to determine the success of one’s organisation or any business activities. Donnelly et al, (1987) emphasized that there are two important reasons on why we should study about management. The first reason is modern society today depends on specialised institutions and organisations to provide goods and services that we desire daily. These organisations are guided and directed by decisions of one or more individuals called “managers”. The managers have the authority and the responsibility to allocate society’s resources to the various and often competing ends. Apart from that, the manager is the person in charge to build safe or unsafe products,
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Analysis of study 1.1 Importance of Management
An organisation is a goal-directed, deliberately structured group of people working together to achieve results. In all kind of organisations such as business, governmental, educational, religious and also the service sector required managers to help them to set up direction for other employees to follow as the guidelines. Targets or objectives can only be achieved by focusing on the efforts on how to achieve the target by considering all the resources efficiently and effectively. Management can be defined as the process of planning, organizing, staffing, leading or directing, and controlling an organisation or effort for the purpose of accomplishing a goal. While on the other hand, resourcing involved the process of deployment and manipulation of human resources, financial resources, technological resources and natural resources.

1.2 Managerial Functions : Four Different Functions by Henri Fayol
There are many terms that can be described to define management. However, Henri Fayol emphasized that there are only four main functions that has actually work as the guidelines for most of the managers in many years. The four different functions as per below;

* Planning
A process where the manager identifies and organisation’s goals and strategies and also decides on what is going to happen in the future and generates plans for action as the