summary ofThe GoalBook by Eliyahu M. Goldratt, Jeff Cox

first KEY POINT

The art of management: an in–depth look into the machinations of management

Management describes planning, organizing, leading, motivating, and controlling the resources of an organization to reach its goals efficiently and effectively. It entails the careful orchestration of the many parts of an organization to achieve an endpoint.

Management isn't only applicable in firms or corporations; it is essential in just about every organization. There are examples of organizations in every sphere of life. Organization refers to a collection of people who are involved in pursuing defined objectives. It can also be referred to as the second most crucial managerial function that coordinates employees' work, procures resources, and combines the two to pursue the company's goals.

A manager is an individual that is responsible for the supervision and motivation of a firm’s employees. They are also in charge of directing the running and progress of an organization. A good manager makes it his duty to adequately handle the organization's affairs to maximize output and profit at the same time. If a manager cannot properly “manage” his resources: human, financial, etc., he is sure to fail and will get replaced.Some managers struggle with finding the proper techniques to apply to break even, but Eliyahu Goldratt has a solution in this educative and captivating piece of literature. He outlines what causes businesses to experience hard times and how to handle them when they arise. The goal of management is to maximize profit while making sure the resources are safe. If you want to be a good manager, this is the tidbit for you.