MGMT 101 Lecture Notes - Lecture 1: Santa Barbara City College, Knowledge Management, Telecommuting
Document Summary
Management: what it is, what it"s benefits are. Management is defined as (1) the pursuit of organisational goals efficiently and effectively by (2) integrating the work of people through (3) planning, organising, leading and controlling the organisation"s resources. Efficiency is the means of attaining the organisation"s goals; to use resources. Effectiveness is the organisation"s ends, the goals. To be able to achieve results, wisely and cost effectively make the right decisions and to successfully carry them out to achieve the organisation"s goals. Organisations value managers for the multiplier effect: good managers have the influence on the organisation that is multiplied far beyond results that can be achieved by one person acting alone. Understand how to deal with organisations from the outside. You and your employees can experience a sense of accomplishment. You can stretch your abilities and magnify your range. You can build a catalogue of successful products or services.
