MANAGEMENT

Annotations:

• Attaining organizational goals in an effective and efficient manner through Planning, Organizing, Leading and Controlling organizational resources. (Daft, 2009)

1. Far-reaching Challenges
   1. Communication
   2. Globalization
   3. Competition
   4. Technology
   5. Scarcity of Resources
2. Key Concepts
   1. Organization

      Annotations:

      • It is a social entity that is goal directed and deliberately structured.
      1. It is a social entitiy that is goal directed and delibrately structured.
   2. Goal

      Annotations:

      • A desired future condition that the organization seeks to achieve.
      1. A desired future condition that the organization seeks to achieve.
   3. Effectiveness

      Annotations:

      • The degree to which the organization achieve the stated goal.
      1. The degree to which the organization achieve the stated goal.
   4. Efficiency

      Annotations:

      • The use of minimum resources to produce the desired output.
      1. The use of minimum resources to produce the desired output.
3. Management Functions
   1. Planning

      Annotations:

      • - Identifying goals for the future. - Deciding on the tasks. - Use of resourses to attain the      goals. 
      1. -Identifying goals for the future. -Deciding on the tasks,-Use of resources to attain the tasks.
   2. Organizing

      Annotations:

      • How the organization tries to accomplish the plan they have set. - Assigning tasks. - Grouping tasks in to departments. - Allocating resources.
      1. How the organization tries to accomplish the plan they have set by assigning, grouping tasks and allocating resources.
   3. Controlling

      Annotations:

      • - Monitoring employees performance. -Ensure the organization is on the track. - Make corrections if needed.
      1. -Monitoring employees performances. -Ensure the organization is on the track. -Make corrections if needed.
   4. Leading

      Annotations:

      • Use of influence to motivate employees. - Creating shared culture and values. - Communicating goals to employees. - Motivating the employees.
      1. Use of influence to motivate employees by creating a shared culture/values and communucating to achieve the goals.
4. Attaining organizational goals in an effective and efficient manner.