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What is Management?

What are the functions of Management?

Explain how Management is Science and Art?

What are the Evolution of Management?

What is Organizational Design?

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What is Organizational Development?

What is Organizational Strategy?

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Organizational Strategy

What is Organizational Strategy? "Strategy is the determination of the long-term purpose and objectives of an enterprise and the adoption of courses of action and allocation of resources necessary for carrying out these goals." It gives the organization clarity in direction of activities, enhances the organizational effectiveness, and most importantly serves as an operational planning framework. It also facilitates decision making, allocation of resources, improves communication, and enables comparison of alternate plans/actions resulting in the accomplishment of goals. There are 3 levels of strategy: Corporate Strategy Business Strategy Functional Strategy Formulation of Strategy starts with the determination of organizational mission and objectives, followed by Environmental and Corporate Analysis, then identification of alternatives and evaluation of them, and lastly selection of the best alternative and best strategy. 👈 Previous Organizational Devel...

Organizational Design

What is Organizational Design? Organizational Design is related to the formation of formal, and informal structures, processes, and systems of an organization. The organizational design is there to accomplish the objectives that align the mission, and visions using various strategies. The objective of the organizational goal is to adapt to the organizational changes, incorporate evolution, ensure flexibility in decision making, and collaborate with the organizational components. It also ensures the availability of required information to the people and the organization. It is highly influenced by the environment, size, technology, and strategies an organization consume as well as the organization's lifecycle and culture. It makes structural choices(specialization, grouping, coordination, standardization, centralization, decentralization, etc) and process-related choices(info processing, control of the system and individual vs team performances, etc). It helps by handling contingenc...

Functions of Management

</> What are the functions of Management? Planning - Deciding who will do what, how, and when in advance. It bridges the gap from where we are to where we want to go. Organizing - It is the process of forming a framework or a structure that will help the employees to work effectively and efficiently to meet with organizational mission, vision, and goals. Staffing - It is the process by which an organization obtains, maintains, and utilizes a satisfied and suitable pool of employees. Directing - It is the activity to guide, inspire and encourage employees to work effectively and efficiently to get the tasks done in a given time. Controlling - It makes sure that all functions of management are properly executed and maintain the performance standards that were set. 👈 Previous Management - Definition and Meaning Next 👉 Management is Science and Art What is Management? What are the functions of Manageme...

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