Management means a set of activities (decision-making, organizing, leading, and controlling) directed at an organization’s resources (human, financial, physical, and information) with the aim of achieving organizational goals in an efficient and effective manner.

An organization should consist of 4 things such as a common goal, a leader or committee making decisions, actions, and communication & members.

For example, Toyota Motor’s sales – “To attract and attain customers with high-valued products and services and the most satisfying ownership experience in America.”

For example Toyota Motor sales -“To be the most successful and respected car company in America”

What is an Organization?

A group of people works together in a structured and coordinated fashion to achieve a set of goals.

Or

Two or more people work together in a structured way to achieve a specific goal or set of goals.

Types of organizations and goals

Why Management came to world?

Basic purpose of Management

“Doing things right”Getting the maximum outcome from the limited resources. Also, ability to do things successfully and without waste. 

“Doing the right thing”Making the right decisions and successfully implementing them.

For example Apple & Samsung companies

Management in Organization

Input – manager attitudes & thinking patterns, Human resources, Financial resources, Physical resources, and information resources

Process – Planning, Organizing, Controlling & Leading

Output – Efficiently, Effectively, quality service or product

The Management Process

The process has 4 functions, which work as a continuous process.

There should be a more powerful planning function inside a business. The organization sets its goals in that function. This involves the selection of missions, objectives, and actions.

Short-term plan – day-to-day plan

Mid-term plan – 2-5 year plan

Long-term plan – more than a 10-year plan

2. Organizing

Basically, it is coordination. Here organization determines how activities and resources are grouped. The purpose of organizing is to create an environment suitable for better human performance.

3. Leading

Organizations get their members to work together to advance the interests of the organization. Here create positive attitudes.

Giving proper direction to their team members. Here motivation, communication skills, and leadership qualities should be there.

4. Controlling

Lastly, the management process does control. Here, the organization monitors their progress toward goals.

because the business environment is changing from time to time and new competitors are coming to the market. Also, it measures, compares, finds deviations, and corrects the organization’s activities to achieve the organizational plan.

Without control, planning becomes a useless activity.