Introduction to Business Management - Class Notes
Lecture 1: Understanding Management
- Management is the process of planning, organizing, leading, and
controlling resources.
- Managers ensure that organizational goals are achieved efficiently
and effectively.
Key Functions of Management
1. Planning - Setting objectives and determining how to achieve them.
2. Organizing - Arranging resources and tasks to implement plans.
3. Leading - Motivating and directing people to work towards goals.
4. Controlling - Monitoring performance and making necessary
adjustments.
Lecture 2: Levels of Management
- Top-level managers: Responsible for long-term strategy and vision.
- Middle-level managers: Implement strategies and supervise lower
management.
- First-line managers: Direct daily activities of employees.
Lecture 3: Skills of a Manager
- Technical skills: Job-specific knowledge.
- Human skills: Ability to work with people.
- Conceptual skills: Strategic thinking and problem-solving.
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End of Notes