introduction to management model exit exam, 2016, from chapter 1

introduction to management model exit exam, 2016, from chapter 1. this video material is absolutely helpful for exit exam. management/business management.

Management is the process of coordinating all resources through the five major functions of planning, organizing, staffing, directing /leading and controlling to achieve organizational goals/desired objectives.
That is, it is the process of achieving organizational goals through engaging in the five major functions of planning, organizing, staffing, directing/leading and controlling. In the above definition there are three key concepts
o Coordination of all resources: managers should coordinate the resources of an organization. These resources may be human or non human.
o The five managerial functions: To coordinate the resources of an organization a manager should employ/use the five managerial functions.
o Objectives: Is the reason for the establishment of organizations and management is useful for achieving these goals. Managing/management is concerned with productivity: effectiveness and efficiency. There are points to be meet, targets to be shot or places to be reached. All organizations establish a variety of goals and direct their energies and resources to achieve them.

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