EBM N5- Module 1 The meaning of management

Definition of management

Management is the process of guiding the development, maintenance, and allocation of resources to attain organizational goals. It involves planning, organizing, directing, coordinating, and controlling resources, including people, finances, materials, and time, to achieve the goals and objectives of an organization efficiently and effectively.

From the above definition, we can conclude that Management is an individual or a group of individuals that accept responsibilities to run an organisation. They plan. organise, direct, and control all the essential activities of the organisation.

Management does not do the work themselves. They motivate others to do the work and coordinate all the work for achieving the objectives of the organization.

Achieving Organizational Objectives:

• Management’s goal is achieving organizational objectives through effective resource utilization.
• Examples of objectives can include high sales, maximum profits or business expansion.

EXERCISE 1

Question 

Explain the difference between management and leadership.

Personal Management

The Role of Habits in a Person

Habits play a significant role in shaping an individual’s behavior, actions, and overall lifestyle. They are automatic routines that we engage in without much conscious thought, and they have a profound impact on various aspects of our lives. Habits contribute to personal development, productivity, and overall well-being.

Habits are patterns of behavior that are ingrained in our daily lives, influencing our actions and decisions. They consist of three essential elements: knowledge, skill, and desire. Understanding these elements is crucial for students aiming to cultivate positive habits that lead to personal and academic success.

1. Knowledge:

Knowledge forms the foundation of habits. It involves understanding the what, why, and how of a particular behavior. This element requires awareness of the purpose and benefits of the habit. For instance, a student seeking to develop a habit of regular exercise must grasp the health benefits it provides and its impact on overall well-being. Knowledge empowers individuals to make informed choices.

2. Skill:

Skill refers to the ability to perform a specific action effectively. It is developed through practice and repetition. Building a habit involves honing the necessary skills associated with that behavior. Taking the example of time management, a student must develop the skill of prioritization and effective scheduling to optimize study sessions. Skill enables the habit to become second nature, reducing the effort required to maintain it.

3. Desire:

Desire is the motivational aspect of habits. It represents the internal drive and passion that fuels the commitment to maintain a habit. Without a genuine desire, even the most well-informed knowledge and refined skills might falter. A student aspiring to excel academically must cultivate a strong desire for learning and self-improvement. Desire acts as the emotional foundation that sustains habits through challenges and setbacks.