Principles Of Management
This is the first 1,000 characters of 357 words (1.43 pages) in the essay titled Principles Of Management
|Principles of Management
Management is a set of activities directed at an organization's resources with the aim of achieving organizational goals in an efficient and effective manner. The first function of management is planning and decision making. Planning is setting and organization's goals and deciding how best to achieve them. Decision making is part of the planing process that involves selecting a course of action from a set of alternatives. Bill Gates used this by first deciding what business to initiate, then what software to develop. The second function of management is organizing. This is defined and the grouping of activities and resources in a logical fashion. This included whom Gates chose to start the business with and with what capital they used. The third management function is leading. This is the set of processes used to get members of the organization to work together to achieve the goals of the organization. Gates fosters communication throughout the organiza...
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