Blossary – Management terms a layman should know

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Ill describe the management terms and as it is the basic function of any organization whether a small organization or a large co-operation,the understanding of these terms will prove beneficial.

Category: Business

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Created by: fawhash

Number of Blossarys: 1

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Management

Management is simply the process of optimally managing the allocated resources and achieving the goals of the organization. Optimally refers to achieving goals efficiently and effectively. ...

Planning

Planning function of management refers to establishing goals, coming up with the strategy for the achievement of those goals and making plans to structure activities for successful implementation of ...

Organizing

Organizing function entails the actual translation of plans into coherent work activities to achieve goals. Work activities refer to all the formal procedures and process meant to achieve goals. ...