Friday, January 15, 2010

Manager, Organizational Performance and benefits of studying Management

Why do we study management?We are faced with managing our daily activities everyday but still you might have this question in your mind that why we study management and what is the need for it
So we have come up with some of the ideas as to why we study management
They are as follows
Proper management directly impacts improvements in the well-being of a society
Helps people to accomplish managerial goals
Studying management helps people to understand what management is and prepares them accomplish managerial activities in their organization
Studying management opens a path to a well-paying job and a satisfying career

ManagersManagers are the people responsible for supervising the use of an organization's resources to meet its goals

The following resources are organizational assetsPeople
Raw Materials
Financial Capital

Organizational PerformanceA measure of how efficiently and effectively managers are using organizational resources to satisfy customers and achieve goals
EfficiencyEfficiency means to do the things right
Efficiency is achieving goals and objectives of an organization with least amount of money , time and energy
Efficiency is a measure of how well or productively resources are used to achieve a goal
Effectiveness means to get the right things done
Effectiveness is a measure of the appropriateness of the goals an organization is pursuing and the degree to which they are achieved


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