Management
Management functions
- Management means getting work done through people to reach objectives.
- Fayol's five functions:
- planning — set objectives and how to reach them,
- organising — arrange people and resources,
- commanding — give clear instructions,
- coordinating — make all parts work together,
- controlling — check results against the plan.
- Mintzberg added that managers play ten roles (interpersonal, informational, decisional).
Practice
Which is one of Fayol's five functions of management?
Fayol's functions are planning, organising, commanding, coordinating and controlling.
Practice
Management means getting work done through other people to reach the firm's objectives.
That is exactly what management is — achieving objectives through people.
Leadership vs management
- A manager plans, organises and controls the day-to-day work.
- A leader sets a vision, inspires people, and guides change.
- The best managers are also good leaders.
Practice
Compared with a manager, a leader mainly:
Leadership is about vision and inspiration; management is about planning, organising and controlling.
You've got it
Key idea
- Fayol: planning, organising, commanding, coordinating, controlling
- Mintzberg: managers also play ten roles (interpersonal/informational/decisional)
- a manager runs the day-to-day; a leader sets a vision and inspires