Summary
Summary of Essentials of Contemporary Management by Jones and George
- Course
- Institution
- Book
Comprehensive summary of Essentials of Contemporary Management by Jones and George in English.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
ESSENTIALS OF CONTEMPORARY MANAGEMENT 10TH EDITION BY GARETH JONES AND JENNIFER GEORGE INSTRUCTOR MANUAL
Seller
Follow
Azijnseikert
Reviews received
Content preview
Gareth R. Jones and Jennifer M. GeorgeEssentials of Contemporary Management
Chapter 1 – ‘The Management Process Today’
What Is Management?
Managers and their employees work in organisations: collections of people who work
together and coordinate their actions to achieve a wide variety of goals or desired future
outcomes. Managers are responsible for supervising and making the most of an
organisation’s human and other resources to achieve its goals. Management is the
planning, organizing, leading, and controlling of human and other resources to achieve
organisational goals efficiently and effectively.
One of the most important goals that organisations and their members try to achieve
is to provide some kind of good or service that customers value or desire. Organisational
measure is a measure of how efficiently and effectively managers use their available
resources to satisfy customers and achieve organisational goals. Efficiency is a measure
of how well or how productively resources are used to achieve a goal. Effectiveness is the
degree to which something is successful in producing a desired result.
Why study management? First, in any society or culture resources are valuable and scarce;
the more efficient and effective use that organisations can make of those resources, the
greater the relative well-being and prosperity of people in that society. Second, although
most people are not managers, and many may never intend to become managers, almost all of
us encounter managers because most people have jobs and bosses. Third, in any society,
people are in competition for a very important resource – a job that pays well and
provides an interesting and satisfying career.
Essential Managerial Tasks
The main objective of manager is to achieve organisational goals by doing four
essential managerial tasks: (1) planning – choose appropriate organisational goals and
courses of action to best achieve those goals; (2) organizing – establish task and
authority relationships that allow people to work together to achieve organisational
goals; (3) leading – motivate, coordinate, and energize individuals and groups to work
together to achieve organisational goals; and (4) controlling – establish accurate
measuring and monitoring systems to evaluate how well the organisation has achieved its
goals.
By planning, a strategy is conducted: a cluster of decisions about what goals to pursue,
what actions to make, and how to use resources to achieve goals.
By organizing, an organisational structure is created: a formal system of task and
reporting relationships that coordinates and motivates organisational members so they work
together to achieve organisational goals.
Levels and Skills of Managers
To perform the four managerial tasks efficiently and effectively, managers are
differentiated in two ways; (1) in hierarchy, and (2) by skill. Departments are created:
groups of people who work together and possess similar skills or use the same knowledge,
tools, or techniques to perform their jobs.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Azijnseikert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.94. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now