Introduction of Management
Management is the process of planning and organizing the resources
and activities of a business to achieve specific goals in the most
effective and efficient manner possible. Efficiency in management
refers to the completion of tasks correctly and at minimal costs.
Effectiveness in management relates to the completion of tasks within
specific timelines to yield tangible results.
According to Mary Parker Follet , ”management is the art of getting
things done through people.”
According to Peter F. Drucker ,“management is the multi- purpose
organ that manages a business and manages managers and manages
worker and work.”
Characteristics of management
Some of the fundamental characteristics of management are as follows:
• Most management oversees and supervises a company or
organization's service or production cycle. Managers work closely
with and provide guidance to the members of their team. A
manager considers a staff member both as an individual with
diverse needs and as a component of the larger group.
• Management is a dynamic function and evolves and adapts to
changes in its environment, whether they are economic, socio-
political or technological.
• Management is not a tangible product, but its presence can
change the way an organization functions. Management consists
of ideologies, policies and human interaction. Good management
, helps improve a company's target achievement ratios, employee
gratification levels and overall ease in the company's operation.
Features of Management
1. Management is Art as well as Science:
Management is both an art and a science. It is an art in the sense of
possessing of managing skill by a person. In another sense, management
is the science because of developing certain principles or laws which are
applicable in a place where a group of activities are co-ordinated.
2. Management is an Activity:
Management is the process of activity relating to the effective utilization
of available resources for production. The term ‘resources’ includes
men, money, materials and machine in the organization.
3. Management is a Continuous Process:
The process of management mainly consists of planning, organizing,
directing and controlling the resources. The resources (men and money)
of an organization should be used to the best advantages of the
organization and the objectives to be achieved. The management
function of any one alone cannot produce any results in the absence of
any other basic functions of Management. So, management is a
continuous process.
4. Management Achieving Pre-Determined Objectives:
The objectives of an organization are clearly laid down. Every
managerial activity results in the achievement of objectives fixed well in
advance.
5. Organized Activities:
Management is the process of planning and organizing the resources
and activities of a business to achieve specific goals in the most
effective and efficient manner possible. Efficiency in management
refers to the completion of tasks correctly and at minimal costs.
Effectiveness in management relates to the completion of tasks within
specific timelines to yield tangible results.
According to Mary Parker Follet , ”management is the art of getting
things done through people.”
According to Peter F. Drucker ,“management is the multi- purpose
organ that manages a business and manages managers and manages
worker and work.”
Characteristics of management
Some of the fundamental characteristics of management are as follows:
• Most management oversees and supervises a company or
organization's service or production cycle. Managers work closely
with and provide guidance to the members of their team. A
manager considers a staff member both as an individual with
diverse needs and as a component of the larger group.
• Management is a dynamic function and evolves and adapts to
changes in its environment, whether they are economic, socio-
political or technological.
• Management is not a tangible product, but its presence can
change the way an organization functions. Management consists
of ideologies, policies and human interaction. Good management
, helps improve a company's target achievement ratios, employee
gratification levels and overall ease in the company's operation.
Features of Management
1. Management is Art as well as Science:
Management is both an art and a science. It is an art in the sense of
possessing of managing skill by a person. In another sense, management
is the science because of developing certain principles or laws which are
applicable in a place where a group of activities are co-ordinated.
2. Management is an Activity:
Management is the process of activity relating to the effective utilization
of available resources for production. The term ‘resources’ includes
men, money, materials and machine in the organization.
3. Management is a Continuous Process:
The process of management mainly consists of planning, organizing,
directing and controlling the resources. The resources (men and money)
of an organization should be used to the best advantages of the
organization and the objectives to be achieved. The management
function of any one alone cannot produce any results in the absence of
any other basic functions of Management. So, management is a
continuous process.
4. Management Achieving Pre-Determined Objectives:
The objectives of an organization are clearly laid down. Every
managerial activity results in the achievement of objectives fixed well in
advance.
5. Organized Activities:
