MGMT 1053 Lecture Notes - Lecture 4: Suhasini Maniratnam
Document Summary
Management is described as the process of planning, organising, directing and controlling the efforts of organisational members and of using organisational resources to achieve specific goals. Planning is the function of determining in advance what is to be done and who is to do it. This implies setting goals in advance and developing a way of achieving them efficiently and effectively. In suhasini"s organisation the objective is procurement and sale of traditional indian handloom and handicraft items. They sell fabrics, furnishings, readymades and household items made out of traditional indian fabrics. Suhasini has to decide quantities, variety, colour and texture of all the above and then allocate resources for their purchase from different suppliers or for their inhouse development. Planning cannot prevent problems, but it can predict them and prepare contingency plans to deal with them if and when they occur.
