What is Management? - a simple definition

 


What is Management?

Management is the process of planning, organizing, leading and controlling organizational resources in order to achieve the goals of the organization effectively and efficiently. It is a vital part in an organization as it assists to achieve the organizational goals, enhances the efficiency of the organization etc. Management is referred as an art as well as a science. The person who is engaged in management activities is known as “Manager”.


Author : D. T. Wickramage
Date    : 21 July 2023


Comments

Post a Comment

Popular posts from this blog

Supply Chain Management

Image
  Supply chain management plays a crucial role within an organization. It could be identified as a fundamental business process in an organization. Supply chain operations are comprised with different systems, activities and processes that work together to shift the goods from suppliers to customers. Several parties such as; suppliers, warehouse, procurement, manufacturing, and distribution are involved in this process (Hand, 2022) . The effectiveness of supply chain is essential for the organization’s success. There are five basic components in supply chain management as; planning, sourcing, making, delivering and returning. Planning comprised with forecasting the demand and plan the requirement through data and analysis. After calculating the requirement, the next step is sourcing which commences from selecting the suppliers to purchase raw materials, components and services. Once the supplier selection is completed then order processing and receiving will be taken place. The next st
Read more

Lean Management

Image
  Lean Management Principles The core principle of lean management is reducing waste and continually improve the business processes. Implementing lean practices in supply chain enables the organization to deliver a value to the customers continuously. In lean manufacturing there are five principles as; value, map the value stream, create a flow, establish a pull system and perfection. These principles show a pathway in order to transform the existing operations to a higher level (Skaar, 2019) . The first lean principle is value. The value is identified from the customer’s view. Value is the customer is paying for the product or service. The manufacturer or the service provider’s role is to minimize the waste and cost in order to meet the customer’s needs at the optimal price. Mapping the steps in the value stream is the second lean principle. It means visually displaying the flow of material and information in the production process. Through the value stream mapping value added activit
Read more