Principles of management: Part 1 Management

The people responsible for supervising and making the most of an organisation's human and other resoures to achieve its goals

Collections of people who work together and coordinate their ations to achieve a wide variety of goals or desired future outcomes. 

The planning, organizing, leading and controlling of human and other resources to achieve organizational goals efficiently and effectively.

Planning, Organizing, Leading, Controlling

1. Deciding which goal the organization will achieve

2. Deciding what strategies to adopt to attain those goals

3. Deciding how to allocate organizational resources to pursue the strategies that attain those goals. 

Strategy, a cluster of decisions about what goal(s) to pursue, what actions to take and how to use resources to achieve goals. 

Organisation structure, a formal system of task and reporting relationships, that coordinates members to achieve goals 

1. Structuring working relationships in a way that allows organizational members to work together to achieve oganizational goals.
2. It involves grouping people into departments according to the kinds of job-specific tasks they perform.
3. Lays out the lines of authority and responsibility between individuals and groups.
4. Decide how to organize resources, particulary human resources.