The document discusses the definition, characteristics, and importance of management. It defines management as a process of achieving goals effectively and efficiently through planning, organizing, staffing, directing, and controlling. Some key characteristics are that management is goal-oriented, all-pervasive, multidimensional, and a continuous process. The importance of management includes accomplishing organizational goals, running large-scale industries smoothly, proper running of business operations, designing good organizational structures, and creating and maintaining coordination.
The document discusses the definition, characteristics, and importance of management. It defines management as a process of achieving goals effectively and efficiently through planning, organizing, staffing, directing, and controlling. Some key characteristics are that management is goal-oriented, all-pervasive, multidimensional, and a continuous process. The importance of management includes accomplishing organizational goals, running large-scale industries smoothly, proper running of business operations, designing good organizational structures, and creating and maintaining coordination.
The document discusses the definition, characteristics, and importance of management. It defines management as a process of achieving goals effectively and efficiently through planning, organizing, staffing, directing, and controlling. Some key characteristics are that management is goal-oriented, all-pervasive, multidimensional, and a continuous process. The importance of management includes accomplishing organizational goals, running large-scale industries smoothly, proper running of business operations, designing good organizational structures, and creating and maintaining coordination.
The document discusses the definition, characteristics, and importance of management. It defines management as a process of achieving goals effectively and efficiently through planning, organizing, staffing, directing, and controlling. Some key characteristics are that management is goal-oriented, all-pervasive, multidimensional, and a continuous process. The importance of management includes accomplishing organizational goals, running large-scale industries smoothly, proper running of business operations, designing good organizational structures, and creating and maintaining coordination.
Management can be defined as a process of getting things done with the
aim of achieving goals effectively and efficiently. Some important terms in this definition are:
1. Process: Process means the primary functions or activities that
management performs to get things done. These functions are planning, organizing, staffing, directing and controlling. 2. Effectiveness: Effectiveness is concerned with the end result. It basically means finishing the given task. Thus Effectiveness in management is concerned with doing the right task, completing activities and achieving goals 3. Efficient: Efficiency means doing the task correctly and with minimum cost. Management is concerned with the efficient use of input resources which ultimately reduce costs and lead to higher profits.
Characteristics of Management
Basic characteristics of management are:
1. Management is a goal-oriented process: An organization has a set of
basic goals which are the basic reason for its existence Management unites the efforts of different individuals in the organization towards achieving these goals. 2. Management is all pervasive: The activities involved in managing an enterprise are common to all organization whether economic, social or political. 3. Management is multidimensional: Management is a complex activity that has three main dimensions:
o Management of work: All organizations exist for the performance
of some work. Management translates this work in terms of goals to be achieved and assigns the means to achieve it. o Management of people: Human resources or people are an organization’s greatest asset. Managing people has two dimensions: ▪ it implies dealing with employees as individuals with diverse needs and behavior; ▪ it also means dealing with individuals as a group of people
▪ The task of management is to make people work
towards achieving the organization’s goals, by making their strengths effective and their weaknesses irrelevant. o Management of operations: It requires a production process which entails the flow of input material and the technology for transforming this input into the desired output for consumption
4. Management of operations: It requires a production process which
entails the flow of input material and the technology for transforming this input into the desired output for consumption 5. Management is a continuous process: The process of management is a series of continuous, composite, but separate functions (planning, organizing, directing, staffing and controlling). These functions are simultaneously performed by all managers all the time. 6. Management is a group activity: An organization is a collection of diverse individuals with different needs. Management should enable all its members to grow and develop as needs and opportunities change 7. Management is a dynamic function: Management is a dynamic function and has to adapt itself to the changing environment. In order
2 to be successful, an organization must change itself and its goals according to the needs of the environment. 8. Management is an intangible force: Management is an intangible force that cannot be seen but its presence can be felt in the way the organization functions
Importance of management Management is an indispensable element for the establishment proper functioning and success of all the organization behavior social, political, religious, charitable or business units. If effectively and efficiently organizes and utilizes the human and non-human resources and directs them towards the accomplishment of organizational goals. 1. The accomplishment of organizational goals Management achieves the organizational goals by properly planning organization. The success of any business organization depends on the extent of its effective and efficient attainment of the predetermined object or goals by properly utilizing its human and physical resources and facility, and by copying well with its environment element, such as consumers, suppliers, competitors, etc. 2. To run large-scale industry smoothly It is the time of production. production enjoys some certain advantages overproduction but simultaneously faces some difficulties also. The main difficulty faced by the enterprise having production is to the activities and to manage the distribution of goods and services. Business administration and management the enterprise in overcoming these problems with the help of business administration and management. The business enterprise can carry out the production easily and can manage the proper distribution of goods and services.
3 3. Proper running of the business Management successfully leads and motivates the workers to. perform their duties and responsibilities. 4. Designing of good organizational structure People in an enterprise must be properly well constituted purposeful groups in order to create co-operation and co-ordination in their thinking and activities only then they will be able to contribute effectively and efficiently towards the achievement of group goals and ultimately the business subjective. For establishing proper control positions and also clear relationships between and amongst The management designs the required structure and fills the created positions with right persons. 5. Creating and maintaining co-coordinating If people in the organization perform their linkages with one another. Such scattered activities and efforts shall result in all futile exercises. Productivity will be hampered results shall be dismal and disappointing and objectives shall remain unattained. Hence proper integration of physical resources and people is a must for successful business. Management acts as the force that integrates ideas and physics resources into creating and maintain among human and material resources towards the achievement of organizational objectives. The importance of management has increased tremendously in recent years due to increase in the size and complexity of organizations, turbulent environment and growing responsibilities of business.
