FORM FOUR COMMERCE – MANAGEMENT AND ORGANIZATIONS

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-Is the process of making things done through other people that  means management involves setting objectives for the firm and Supervise the Implementation of those objects.
                                                              

OBJECTIVES OF MANAGEMENT

  • Keep customers satisfied with goods and services
  • Supplying services on time
  • To achieve the organizational goals
  • Organization goods into minimizing costs and maximizing profit
  • To achieve good relations between suppliers and customers
  • Sell the production at a reasonable price
  • To achieve better utilization of resources

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PRINCIPLES OF MANAGEMENT

  1. Sound policy

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The policy should be stable as well as flexible enough to meet changing conditions in management

     2. Scientific approach

A correct analysis of the situation should be during problem solving. Decisions of action taken is in a accordance with the careful procedure during decision making

     3. Management of effectiveness

Do the right thing at the right time

     4. Division of labour and specialization

Classification of work according to the labour skills knowledge

     5. Unit of strength

Joint the labour effort, team work together

     6. Measure of activeness

     7. Discipline and remuneration

     8. Authority for responsibility

 

FUNCTIONS OF MANAGEMENT

  1. Planning
  2. Organization
  3. Staffing
  4. Direction
  5. Control

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PLANNING

An act of thinking what to do how to do and what will happen when it is done

Is therefore casting the future demand in the organization so as to meet the objectives.

Importance of planning

  1. To establish good aim objectives of the organization (setting the organization)
  2. To coordinate activities so as to meet organizational goals
  3. To reduce the gap between objectives and performance
  4. Gives the time to evaluate measures to the performance of the organization
  5. Gives direction of the future activities of the organization
  6. Provide security management and workers because of guide  (policy formation)

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ORGANIZATION

Is the process of dividing tasks into a management unity division of labour.

An Organization Chart
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General management

  • Productive market
  • Manage management
  • Chief of accounting

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IMPORTANCE OF ORGANIZATION

  1. Better use of resources

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It increases the capability of initiation of resources efficiency and effective.

     2. Get new technology

Technology increase due to employing labour according to their skills (innovation)

     3. Facilitates coordination and communication

It facilitates creation of clear relationship among positions

STAFFING

Involves the determination of main power requirements organization by following with qualified people. It deals with employment, recruitment, training, promotion, demotion and retiring

IMPORTANCE OF STAFFING

  1. Recognition and competent state

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Effective staff facilities motivating workers

     2. Payment of salary

According to the employee skill use of revenue

     3. Increase in the size of the organization

The size of the organization increase because of employee qualified people

     4. Determination of manpower equipment

The addition of adding number of labour can be measured by determining the production process.

5.Establishing of relationship creating good relationship without side companies

6.Delegation of authority classification of work in small part department each should be supervised by one person according to the knowledge.

7.Identification and grouping work

8.Classification of workers according to their skills

PRINCIPLE OF ORGANIZATION

The principle in the guide to perform a certain activity in the organization unit of objectives

  1. Employees should work to achieve the same objectives
  2. Person who control and inform others
  3. Unit of command employees should be able to answer  one supervisor only
  4. Authority the supervisor has legal to give order to subordinates
  5. Span of control this mean how many person must be order the control supervisor
  6. How many people to be control by supervisor
  7. Specialization different employee gives different duties task according to experience

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Deception employee should follow the rules s regulation /organization

  • Scalar chain supervisor have ultimate authority

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The organization should have and find say

  • Flexibility

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The management should be flexible to adopt any change from time to time

  • Fair remuneration

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The employee should be payable forward salaries according to their experience

  • Unit of objectives

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OFFICE MANAGEMENT

It is managing activities of an office by purchasing the level of staff to be engaged

Office -Any room that executive desk any typist perform their daily task

QUALITY OF GOOD OFFICE

  1. Full utilization space available floor should be utilized enough
  2. Free movement

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They should be sufficiently space for free movement of employees

     3. Stand proof

Well if necessary house equipment should be kept in separate rooms

     4. Proper ventilation

Should be adequate enough lighting and ventilation

     5. Reception

The reception room should be near the main entrance of the office on the same floor if necessary

     6. Enough facilitation

The office should occupy full office equipment such as

  • Stationary machines 

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FUNCTION OF AN OFFICE

  1. Recording information

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The reason for keeping records is to enable information to be reality available when required

     2. Receiving information by letter

Under telephone and reports on the various activities of the business

     3. Arranging information

The information accumulated should be arranged in any safe space accordingly

FUNCTIONS OF THE OFFICE

  1. Collecting information
  2. Recording information
  3. Compiling information
  4. Finishing information
  5. Safe guard an asset

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