Nature of management

Subdecks (1)

Cards (19)

  • Features of effective management
    • Contemporary definition of management: The process of working with and through other people to achieve business goals in a changing environment. Crucial to this process is the effective and efficient use of limited resources. (resources include; Human, information, physical and financial resources). 
    • Effective management requires: 
    -Working with and through others 
    -Achieving the goals of the business 
    -Getting the most from the limited resources 
    -Balancing efficiency and effectiveness  
    -Coping with a rapidly changing environment