Management Essay

824 Words Apr 28th, 2013 4 Pages
PRINCIPLES OF MANAGEMENT MGT 3371 | MANAGEMENT | RESEARCH PAPER | | HERNANDO ROBERTS | 5/12/2010 | DR. LUCAS, PROFESSOR

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TABLE OF CONTENTS

ABSTRACT……………………………………………………………………………………………………………… 3

INTRODUCTION…………………………………………………………………………………………………….. 3

HISTORY……………………………………………………………………………………………………………….. 4

NATURE OF MANAGERIAL WORK…………………………………………………………………… 4 & 5

21ST CENTURY……………………………………………………………………………………………….. 5 & 6

REFERENCES…………………………………………………………………………………………………… 6

ABSTRACT

Management in all business areas and human organization activity is the act of getting people together to accomplish desired goals and
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Some definitions of management are: * Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives. Management is often included as a factor of production along with machines, materials, and money. According to the management guru Peter Drucker(1909-2005), the basic task of a management is twofold: marketing and innovation. * Directors and managers who have the power and responsibility to make decisions to manage an enterprise. As a discipline, management comprises the interlocking functions of formulating corporate policy and organizing, planning, controlling, and directing the firm’s resources to achieve the policy’s objectives. The size of management can range from one person in a small firm to hundreds or thousands of managers in multinational companies. In large firms the board of directors formulates the policy which is implemented by the chief executive officer.
NATURE OF MANAGERIAL WORK In for-profit, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit, creating valued products at a reasonable cost, and providing rewarding employment opportunities. In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors,

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