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Hnd Foundation

In: Business and Management

Submitted By kyawhtet
Words 4946
Pages 20
Assignment Task 1
1.1 Management is a fragmented and interdisciplinary area of study, with a lot of academic branches. Willman argues this tree is narrower at its roots, and these roots lie primarily in social science. Key to the purpose of the book is to present management theory as applied social science. (Paul Willman, 4 Nov 2014)
The organization and coordination of the activities of a business in order to achieve defined objectives. Management is often included as a factor of production along withmachines, materials, and money.
According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535).
The directors and managers who have the power and responsibility to make decisions and oversee an enterprise.The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies. In large organizations, the board of directorsdefines the policy which is then carried out by the chief executive officer, or CEO. Some people agree that in order to evaluate a company's current and future worth, the most important factors are the quality and experience of the managers.
Manager’s roles and skills
Manager is responsible for planning and directing the work of group of individuals, monitoring their performance and taking corrective action when necessary for the accomplishment of organizational goals and objectives. A manager is also someone who works with and through other people by coordinating their work activities in order to accomplish organizational goals
There are three types of Managers: First-line Managers who are at the lowest level of management and manage…...

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