Fundamentals of Management Principles

📋 Course Outline

1. Management definition, scope and schools
2. Nature and characteristics of management
3. Scope areas and functional management
4. Objectives of management and effectiveness
5. Importance of management and sound organization
6. Levels of management and chain of command
7. Role and functions of a manager
8. Becoming a manager and skill development

📖 1. Management definition, scope and schools

🔑 Key Concepts & Definitions

• Management : Management is the administration of an organization, involving strategy setting and coordination of people and resources to reach objectives.
• Management as people : Management can also mean the managers themselves who lead and coordinate organizational activities.
• Management as discipline : Management is an academic discipline and social science focused on studying social organization and organizational leadership.
• Universal process of management : Management is a universal activity that exists wherever human activity occurs and objectives must be achieved.
• Factor of production : Management is tied to using labor and capital effectively through qualified and efficient managers.

📝 Essential Points