Management is the process of planning, organizing, leading, and controlling resources to achieve organizational goals. It involves coordinating people and tasks to ensure efficient and effective execution of work.
Key aspects of management
- Resource allocation: Making effective and efficient use of all available resources, including people, finances, and technology.
- Goal achievement: Guiding human and material resources toward achieving specific organizational objectives.
- Skill set: Effective managers require skills in planning, organizing, communication, and leadership.
- Decision-making: Involves making choices about resources, work processes, and company policies.
- Organizational structure: Provides a framework for employees and establishes the tone and focus of their work