Tag: management
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Functions
Organisation management usually top down, split into different functions enabling: clear chain of command clear roles and responsibilities specialisation Breakdown of organisation into functions aims to deliver efficiency and cost effectiveness. Functions fit into broad high level set of functions: Human Resource (H.R.) management Operations management Strategic management Marketing management Financial management Information Technology (I.T.)…
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Management
Management – controlling of people, resources & processes in order to achieve specified outcomes. Many different definitions of management, all around same factors. Fayol stated management consisted of six factors: Forecasting Planning Organisation Commanding Coordinating Controlling