Accounting technicians scheme west africa
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- 2.2.3 Purpose of Management
| 2.2.2 Objectives of Management The main objective of management is to secure maximum outputs with minimum efforts & resources. Management is basically concerned with thinking & utilizing human, material & financial resources in such a manner that would result in best combination. There are several overriding objectives of management, namely to a) Make strategic plans. b) ensure organizational goals and targets are met – with least cost and minimum waste c) Make proper use of the available resources. d) Ensure business development and growth. e) Provide quality products and services. f) Make availability of Goods and Services. g) look after health and welfare, and safety of staff and h) Ensuring discipline in the workplace. i) Protect the machinery and resources of the organization, including the human resources. j) Attracting the Best Candidates for the Job. k) Reduce the Element of Risks in the workplace 2.2.3 Purpose of Management The purpose of management is to plan, direct, organize and ensure the success of a business at various levels through a number of methods including customer satisfaction and employee training. Management, normally made of a manager and their assistants, is key to running an organization on what could be considered microscopic levels. A manager is responsible for the tiniest details in their business or department. They are in control of operating hours, scheduling, training and dealing with customers who cannot be dealt with by other employees directly. Someone in management may not be referred to as a manager because different companies and organizations use different terms. It is possible to hear management referred to as team leaders or coordinators, etc. 2.3 Management as a technique, process, discipline and profession 2.3.1 Management as a technique Management as a technique connote three basic things that is, materials, methods and knowledge (technical know-how). Considering management as a technique means there is a unique effective way of doing things and getting things done. In achieving a given task, ther is a proper mix of labour skills, materials, machine hour and financial input that is needed, so that any other similar task can adopt that same technique. |