Scientific Thinking/Management

• Making decisions by gathering munificent information and analyzing the data to base those decisions.
• Based on Objects, Rational and Logical Thinking

Intuitive Thinking/Management

• Making decisions based on experience, intuition, and instinct.
• Not based on evidence, logic or any data.
• Based on inner voice.

Management and Leadership

• Art of getting things done thru people.
• Process of achieving the goals/objectives of the business by using the limited resources that the firm has
  • Levels of Management
    • Senior
      • Highest-ranking managers, who look over the long-term plans and strategies of the organization. Responsible for the results of the business.
    • Middle
      • Managers at each department, achieve goals for the set department and look after the employees below them.
    • Supervisory
      • Junior management,
      • lowest ranking people, look after the day-to-day business, and have direct touch with the workers/employees

Roles and Functions of the Management

• Planning
  • Look after the strategic plans/tactical plans and develop them. As well as the day-to-day functions of the business.
  • Setting the target
• Organizing
  • All the resources required, labor, capital, and costs are being organized to achieve the goals/objectives set in Planning is achieved.
• Commanding
  • Authority for the managers to give instructions to the subordinates and carry out the organization's tasks.
• Coordinating
  • Have to see to it, that all employees work towards the organization's goals. Teamwork
• Controlling
  • They are seeing to it that all employees are performing up to the standards required to accomplish all of the goals and objectives. If employees are underperforming, management sees to it that they understand where the underperformance is happening and apply corrective measures.