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Cpa study material pdf
Cpa study material pdf












cpa study material pdf

Management is a Composite process: Management consists of series of functions which must be performed in n proper sequence.Management is Multidisciplinary: Management draws from a variety of disciplines such as finance, engineering, sociology, psychology, economics, anthropology and others.All the functions of management are performed continuously. Management is a continuous process: Management is a never-ending process as long as the entity is in existence.Effectiveness on the other hand is doing the right thing at the right lime and achieving Efficiency is n interned with using the minimum amount of resources to achieve the desired ends. Management is concerned with productivity: Productivity is a function of efficiency and effectiveness.Management is an integrative process: Management involves synchronizing individual organizational members’ objectives and departmental objectives with those of the rest of the organization, It involves synchronizing the activities of the different units of the enterprise.It touches all aspects of human activities Management is also done people, through people and for people. Management is concerned with developing various relationships among people. Management is a social process: A social process refers to forms of social interaction that occur repeatedly.The process of management is geared towards attainment of specified organizational goals. Management is goal Oriented: Management is not a random process but purposeful.There are also universal fundamental management principles that are applied in management and in addition managers at all levels perform the same basic functions. Management is universal: Management is practiced in virtually all productive organizations whether public sector or private sector, profit making or non-profit making, large or small, domestic or multinational enterprise.The fact that management involves making constant changes to activities, decisions and strategies causes management to be a complex process. Environmental uncertainty further complicates the management process. Some management variables are within the control of the entity’s’ management yet other variables are beyond their control. Some of the variables are interrelated while others are heterogeneous. Management is complex: Management involves dealing with a variety of activities and variables.Griffin (1999), defines management as a set of activities (including planning and decision making, organizing, leading and controlling) directed at an organization’s resources (human, financial and information) with the aim of achieving organizational goals in an efficient and effective manner.Stoner (1978) defines management as the process of planning, organizing, leading and controlling the work of the members of an organization and of using all available organizational resources to reach stated organizational goals.Management is the process of planning, organizing, actuating and controlling an organization’s operations in order to achieve a coordination of the human and material resources essential in the effective and the efficient attainment of objectives ( Miner, 1978).Other definitions of management are given below: The Efficient manager does things right, and effective manager does the right things.The Manager – A person whose primary responsibility is to carry out the management process.doing the right things, or completing activities so that organizational goals are attained. Effectiveness – Making right decisions and implementing them.doing things right, or getting the most output from the least amount of inputs. Efficiency – Using resources wisely and in a cost effective manner.Resources – Human, financial, physical and information resources.

cpa study material pdf cpa study material pdf

A Process – Management is seen as a process consisting of four distinct but interrelated activities – planning, organizing, directing and controlling.This definition highlights the following concepts: Management can be defined as the process of planning, organizing, directing and controlling the resources of an organization in order to achieve its goals efficiently. To get complete copy of this LEADERSHIP AND MANAGEMENT KASNEB study text, Buy a copy using Masomo Msingi Publishers app which is in Playstore or order hard copy through 0728 776 317 or e-mail 1 INTRODUCTION TO MANAGEMENT To get complete copy of this LEADERSHIP AND MANAGEMENT KASNEB study text, Buy a copy using Masomo Msingi Publishers app which is in Playstore or order hard copy through 0728 776 317 or e-mail sample














Cpa study material pdf