Chapter 6
INTRODUCTION TO GENERAL MANAGEMENT
, Learning outcomes
Give an overview of the role of management in businesses
Describe the four fundamental management functions, namely
planning, organising, leading and controlling
Explain the management process
Comment on the different levels and functional areas of
management in the business organisation
Describe the various schools of thought in management
Describe the development of management theory.
, The role of management
In addition to the people, physical resources, financial resources and
knowledge in an organisation, a further element is necessary to direct all these
resources and activities effectively towards goals. That indispensable element is
management.
Management is indispensable for the following reasons:
Management directs a business towards its goals
Management sets and keeps the operations of the business on a balanced course
Management keeps the organisation in equilibrium with its environment
Management is necessary to reach the goals of the organisation at the highest possible
level of productivity
Example: Woolworths’ history appears to be a story of easy success, its success can be
attributed to its sound management principles, practices and managers at all levels of
the organisation.
INTRODUCTION TO GENERAL MANAGEMENT
, Learning outcomes
Give an overview of the role of management in businesses
Describe the four fundamental management functions, namely
planning, organising, leading and controlling
Explain the management process
Comment on the different levels and functional areas of
management in the business organisation
Describe the various schools of thought in management
Describe the development of management theory.
, The role of management
In addition to the people, physical resources, financial resources and
knowledge in an organisation, a further element is necessary to direct all these
resources and activities effectively towards goals. That indispensable element is
management.
Management is indispensable for the following reasons:
Management directs a business towards its goals
Management sets and keeps the operations of the business on a balanced course
Management keeps the organisation in equilibrium with its environment
Management is necessary to reach the goals of the organisation at the highest possible
level of productivity
Example: Woolworths’ history appears to be a story of easy success, its success can be
attributed to its sound management principles, practices and managers at all levels of
the organisation.
