Chapter 1 (nature and significance of
management)
1.Management
Management is a process of getting things done with the
aim of achieving goal efficiently and effectively
2. Difference between effectiveness and
efficiency
Meaning
Efficiency means completing the task with minimum
resources and cost
Effectiveness means completing the task on time
Objective
Efficiency - to conduct cost benefit analysis
Effectiveness - to achieve end result
Main Consideration/. Focus
Efficiency -doing the right task
Effectiveness -doing the task in right way
Features/characteristics of
3.
management( important for case
study)
( Trick to learn: PCM g
DIG. )
A. Pervasive :
It is a universal phenomenon means universally applicable
It is required in all type of organisation, all the of department,
, at all level and each and every activity of the organisatprocess .
B. Continuous process
It is ongoing and never ending process
It is perform by all the manager at all time as all five series of
function are performed
C. Management is multi dimensional
(dimension of management)
It consists of
i) management of work :
a) work is the task, purpose or objective of the organisation
b) for example the purpose of school is to provide academics
facilities
c) it consists of what is to be done
ii) management of people:
a) human resource is the greatest asset of any organisation
b) management ensure that they must get work according to
their qualification, capabilities and remain happy and satisfied
c) it consists of how and by whom the work is to be done
iii) management of operation:
a) it is the combination of management of work and
management of people that is what is to be done and why whom
and how it is to be done
D. Group activity:
It required steam work and coordination of individual refer to
word common goal that is organisational goal
E. Dynamic
Dynamic means change
In order to be successful, the organisation need to change its
policies ,goals or objective to meet the need of external
environment like taste in preferences, fashion changes,
competition in the market
F. Intangible
Management cannot be seen or touch but it's presence can be
management)
1.Management
Management is a process of getting things done with the
aim of achieving goal efficiently and effectively
2. Difference between effectiveness and
efficiency
Meaning
Efficiency means completing the task with minimum
resources and cost
Effectiveness means completing the task on time
Objective
Efficiency - to conduct cost benefit analysis
Effectiveness - to achieve end result
Main Consideration/. Focus
Efficiency -doing the right task
Effectiveness -doing the task in right way
Features/characteristics of
3.
management( important for case
study)
( Trick to learn: PCM g
DIG. )
A. Pervasive :
It is a universal phenomenon means universally applicable
It is required in all type of organisation, all the of department,
, at all level and each and every activity of the organisatprocess .
B. Continuous process
It is ongoing and never ending process
It is perform by all the manager at all time as all five series of
function are performed
C. Management is multi dimensional
(dimension of management)
It consists of
i) management of work :
a) work is the task, purpose or objective of the organisation
b) for example the purpose of school is to provide academics
facilities
c) it consists of what is to be done
ii) management of people:
a) human resource is the greatest asset of any organisation
b) management ensure that they must get work according to
their qualification, capabilities and remain happy and satisfied
c) it consists of how and by whom the work is to be done
iii) management of operation:
a) it is the combination of management of work and
management of people that is what is to be done and why whom
and how it is to be done
D. Group activity:
It required steam work and coordination of individual refer to
word common goal that is organisational goal
E. Dynamic
Dynamic means change
In order to be successful, the organisation need to change its
policies ,goals or objective to meet the need of external
environment like taste in preferences, fashion changes,
competition in the market
F. Intangible
Management cannot be seen or touch but it's presence can be
