Business

Management of a company may face many challenges and complex situations may arise.

some of the challenges that management may face are listed below.

The need for vision

• New technologies
• Changing economy
• Gl...

A manager's job is varied and complex. They need certain skills to perform the duties of a manager.

Research by Robert Katz found that managers need three essential skills or competencies.

Technical Skills

include knowledge of and proficiency in a certain specialized field; the job-specific knowledge required to perf...

To carry out the different functions, a manager must undertake many different roles. Ten roles have been identified by Henry Mintzberg which are common to the work of all managers and these roles are divided into three groups:

Managers ‘get things done’ – not by doing all jobs themselves but by working with and delegating to other people. Different managers will have different approaches to solving problems and when taking ...

Efficiency

Efficiency involves getting the most output from the least amount of inputs, i.e. doing things right.

It is a measure of how well resources are used to achieve a goal; usually managers must try to minimize the input of resources to attain same goal.

Effectiveness

What is management?

Management is the process of coordinating work activities so that they are completed efficiently and effectively with and through other people.

 The task of management is to get work done through other people in order to achieve the goals and objectives of an organisation.