Defination of Management

Management: Management is the process of working with and through others to achieve organizational objectives in a changing environment. Management entails the effective and efficient use of limited resources.

Key Aspects of the Management Process

Working with and Through Others

Management is a social process in which managers get things done by working with and through others.

—  Shortcomings of “derailed” managers

—  Problems with interpersonal relationships

—  Failure to meet business objectives

—  Failure to build and lead a team

—  Inability to change and adapt during a transition

Achieving Organizational Objectives

An objective is a target to be strived for and attained. Challenging yet achievable objectives provide guidance for effective and efficient actions by individuals and organizations. Organizational objectives always require collective action. Organizational objectives serve as measuring sticks for performance.

Four Realities of Managing Today

1.      The only certainty today is change.

2.      Speed, teamwork, and flexibility are the orders of the day.

3.      Managers at all levels need to stay close to the customer.

4.      Without continuous improvement and lifelong learning, there can be no true economic progress for individuals and organizations alike.