2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
With the advent of the market economy, new concepts of management have appeared, and now in our rapidly developing time, managing an organization is a rather difficult job that cannot be done without an understanding of the general rules and the significance of the numerous options that affect each situation separately. With innovations, a multifaceted concept of management has also been introduced, which can be considered as a management practice, as a science and art, as a complex process with the adoption of a managerial decision and as a general organization of company management.
In simple words, the concept of management is explained by the ability to achieve goals with the help of human labor, intelligence and the correct use of both material and labor resources. Also, management is a set of methods, principles and forms of management based on a scientific knowledge system. This system consists of a theoretical and practical base, and provides management with evidence-based recommendations.
The basic concepts of management reveal the tasks, goals, principles and functions of management, its subjects andobjects, as well as species.
The main goal of management is to ensure the desired income and profits through a reasonable organization of production and human resources, as well as increasing sales and reducing costs. This goal is achieved by solving the following tasks: assessing the state of the organization, determining development goals and their priority, building a strategic plan, etc. process. These include the following: planning, organization, motivation and control. Within their framework, it is determined when, what and how to produce, how to use and distribute resources, how to manage employees.
In addition, there are several types of management that have emerged as independent areas. Among them are organizational management, production, marketing, innovation, financial, etc. All of them perform their own managerial functions and solve their own problems. However, the most important of these is the concept of financial management, because it is the art of managing the finances of a firm.
Here the budget of the organization, the financial plan, the formation and distribution of its financial resources, the assessment of the financial condition and the implementation of the necessary measures to strengthen it. Summarizing, we can say that, having deeply studied the concept of management, become all patterns of management are available, it becomes possible to practice effectivelyuse this knowledge by objectively evaluating and optimizing the management system. But there are no ready-made formulas for solving all the difficulties here due to the fact that environmental conditions are constantly changing, as well as the goals of the organization, but you will learn how to think correctly and creatively apply fundamental principles to existing situations.
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