Literature Review
3.0 LITERATURE REVIEW
The system in study is a management information system which is to be used to facilitate information capturing, processing and storage.
The following are some of the definitions of Management:
• Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives. Management is often included as a factor of production along with machines, materials, and money. According to the management guru Peter Drucker (1909–2005), the basic task of a management is twofold: marketing and innovation
• Directors and managers who have the power and responsibility to make decisions to manage an enterprise. As a discipline, management comprises the interlocking functions of formulating corporate policy and organizing, planning, controlling, and directing the firm's resources to achieve the policy's objectives. The size of management can range from one person in a small firm to hundreds or thousands of managers in multinational companies. In large firms the board of directors formulates the policy which is implemented by the chief executive officer.
1 3.1 Basic functions of management
Management operates through various functions, often classified as planning, organizing, leading/motivating, and controlling.
• Planning: Planning is the conscious determination of future course of action. This involves why in action, how to take action, and when to take action. Thus, planning includes determination of specific objectives, determining projects and programs, setting policies and strategies, setting rules and procedures, and preparing budgets. Based on the futurity involved in the planning process, plans may be prepared for long-term period, usually five years or more, intermediate-term period usually 2-5 years, or short-term period usually one year. Plans for these three periods are coordinated and a longer-term plan provides basis for shorter-term
The system in study is a management information system which is to be used to facilitate information capturing, processing and storage.
The following are some of the definitions of Management:
• Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives. Management is often included as a factor of production along with machines, materials, and money. According to the management guru Peter Drucker (1909–2005), the basic task of a management is twofold: marketing and innovation
• Directors and managers who have the power and responsibility to make decisions to manage an enterprise. As a discipline, management comprises the interlocking functions of formulating corporate policy and organizing, planning, controlling, and directing the firm's resources to achieve the policy's objectives. The size of management can range from one person in a small firm to hundreds or thousands of managers in multinational companies. In large firms the board of directors formulates the policy which is implemented by the chief executive officer.
1 3.1 Basic functions of management
Management operates through various functions, often classified as planning, organizing, leading/motivating, and controlling.
• Planning: Planning is the conscious determination of future course of action. This involves why in action, how to take action, and when to take action. Thus, planning includes determination of specific objectives, determining projects and programs, setting policies and strategies, setting rules and procedures, and preparing budgets. Based on the futurity involved in the planning process, plans may be prepared for long-term period, usually five years or more, intermediate-term period usually 2-5 years, or short-term period usually one year. Plans for these three periods are coordinated and a longer-term plan provides basis for shorter-term