Fundamentals of Management

Management is the process of coordinating

Management is the process of coordinating and directing human and material resources to achieve organizational objectives efficiently and effectively.

Management has five main objectives

Management has five main objectives: (1) Optimum utilization of resources - getting maximum output with minimum effort and waste; (2) Increasing produ

Management has nine key characteristics

Management has nine key characteristics: (1) Universal - needed in all types of organizations (business, educational, social, political); (2) Goal-dir

Management can be viewed in five

Management can be viewed in five ways: (1) As a process - a series of interrelated activities (planning, organizing, controlling) done systematically;

Organizations have three management levels forming

Organizations have three management levels forming a hierarchy: (1) Top-level management (Board of Directors, Chief Executives) - sets overall busines