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Management Is the process of using what you have resources, to do what you want to do …. GOALS
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What is Management ??? • Is the process of using what you have { RESOURCES }, to do what you want to do …. {GOALS}
Resources {Assets} 7 categories of resources: • People • Money • Time • Work Procedures • Energy • Materials • Equipment
Goals • Profit Levels or Maximum cost levels • Maintenance or growth of financial strength • Quality standards • Guest employee & management concerns • Professional obligations • Societal concerns
It is a multipurpose organ that manages business & manages managers & manages worker & work.
The Management process….. Revision in plans Changes in procedures
ADMINISTRATION • MANAGEMENT • ORGANIZATION Confusion ……….????
Organization determines network or structure establishes or relationships among individuals. • Administration refers to management functions of planning & control Administrative mngt Management Operative Mngt