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Principles of Management Complete Study Notes
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Principles of Management Complete Study Notes

MGMT1002 - Principles of Management

39 Pages Macquarie University Complete Study Notes Year Uploaded: 2017

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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