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MGMT1101 - Global Business Environment - Complete Course Notes
COMM1150 - Global Business Environments
19 Pages • Complete Study Notes • Year: Pre-2021 • Previously uploaded under: MGMT1101 - Global Business Environment
Management involves identifying the mission, objective, procedures, rules and the manipulation of the human capital of an enterprise to contribute to the success of the enterprise. This implies effective communication: an enterprise environment (as opposed to a physical or mechanical mechanism), implies human motivation and implies some sort of successful progress or system outcome. As such, management is not the manipulation of a mechanism (machine or automated program), not the herding of animals, and can occur in both a legal as well as illegal enterprise or environment.Management does not need to be seen from enterprise point of view alone, because management is an essential function to improve one's life and relationships. Management is therefore everywhere and it has a wider range of application. Based on this, management must have humans, communication, and a positive enterprise endeavor. Plans, measurements, motivational psychological tools, goals, and economic measures (profit, etc.) may or may not be necessary components for there to be management. At first, one views management functionally, such as measuring quantity, adjusting plans, meeting goals. This applies even in situations where planning does not take place. From this perspective, Henri Fayol (1841–1925)[6] considers management to consist of six functions: Forecasting Planning Organizing Commanding Coordinating Controlling Henri Fayol was one of the most influential contributors to modern concepts of management.
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