Difference between revisions of "Management"

From Open Risk Manual
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Latest revision as of 11:43, 17 September 2021

Definition

Management is both the administration of an organization and the personel performing that function. The term applies to different types of organizations, businesses of various types and sizes,, non-profit organizations, or public sector / government bodies.

Activities

Management activities include:

  • articulating the values of an organization
  • setting the strategy of an organization and defining its strategic objectives
  • coordinating the efforts of employees, volunteers or other participating entities towards achieving the objectives
  • allocate available resources, such as financial, natural, technological, and human resources