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Principles of Management BBA102 Study Notes

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This document contains study notes compiled from lectures and the textbook throughout the whole semester. It helped me to achieve a HD in the final exam and in preparation for essays throughout the semester.

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45 Pages Complete Study Notes 1-2 Years old
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Topics this document covers:
Structure Economy Business Management Human resource management Teams Social groups Industrial and organizational psychology Functional manager Teamwork Team Organizational structure
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Structure Economy Business Management Human resource management Teams Social groups Industrial and organizational psychology Functional manager Teamwork Team Organizational structure
Sample Text:
– Organisation – A group of people who work together to achieve some specific purpose. – Management – The pursuit of organisational goals efficiently and effectively by integrating the work of people through planning, organising, leading and controlling the the organisation’s resources. – Efficiency – the means Efficiency is the means of attaining the organisation’s goals. To be efficient means to use resources (people, money, raw materials) wisely and cost effectively. – Effectiveness – the ends Effectiveness is the ends of the organisation’s goals. To be effective means to achieve results, to make the right decisions and to successfully carry them out so that they achieve organisational goals. Why do organisations value managers – Good managers create a value from the multiplier effect: – A manager’s in...
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Week 1: Introduction to Management 1) Who are Managers? Managers - Have a significant impact on the workplaces’ success - Good managers increase productivity and morale - Management à influencing human behaviour - They work in an organisation to achieve a common goal Management - The pursuit of organisational goals efficiently and effectively by integrating the work of people through planning, organising, leading and controlling the organisations resources - Managing efficiency and effectiveness o Efficiency - The use of materials to maximise and achieve workplace goals § How are the people, staff, money and materials used effectively to achieve these goals o Effectiveness – How everything works together to achieve/maximise the goals of the company - The 4 principle functions o 1. Planning – Set goals and decide how to achieve them o 2. Organising – Arrange tasks, people and other resources to achieve gls o 3. Controlling – Monitor prefor comp gls and take action iff needed o 4. Leading – Motiv, direct, influe people and resources to achieve gls - These four functions all work together hand in hand and when preformed -

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