BUSİNESS MANAGEMENT

Management is the act of getting people work together to achieve organizational goals through effective and efficient use of resources. So, concentrating only on the financial resources can not be an essential characteristic of management.

Regardless of the type and size, all organizations utilize four main
resources. These resources are human, financial, physical, and information. Motivational resources are not one of the resource type that an organization utilizes.

Effectiveness and efficiency are the key concepts almost in all definitions of management.

Effectiveness is about making the right decisions and it also involves successful execution of these decisions.

Efficiency refers to not wasting resources when achieving organizational goals.

Basic tasks of planning are to establish organizational goals and determining necessary steps to achieve intended goals.

The leading function refers to mobilizing and directing people toward organizational goals.

Top managers possess a high level in the organizational hierarchy. They are mainly responsible for setting the overall direction of the organization, building extensive strategies, and making sure that
organizational goals are met. Decisions made by top management affect the entire organization.

Feedforward control involves identifying and preventing possible problems before they occur.

Interpersonal roles refer to interpersonal relations and behaviors necessary for effectively managing the organization.