TOPIC – MANAGEMENT > Concept > Objective > Importance.... By : Aatman Kothari XII “C”
“Management is the art of getting thing through others with formally organized groups”..Characteristics :» Goal – Oriented Process – No goal in hand, no need of Management. In other words, we need management only when we have some goals to be achieved.» Pervasive – Anything minus management is nothing or zero. If we deduct management from any business or non business activity, the result will be failure or zero.» Multidimensional – It is Three-Dimensional.>Management of work>Management of people>Management of operations
1. Organizational Objectives :It refers to the objectives for the whole organization -While fixing these objectives , management keeps intoconsideration the benefit of all the related parties.° Survival - Every business wants to survive for long . So ,Management by taking positive decisions with regard to different business activities should ensure that business should survive for long.° Profit – profit plays important role in hazards of business . management should ensure that a business earns a sufficient profit.
2. Social Objectives :It refers to the consideration of the interest of society during managementactivities –An organization is established in a society . It runs through the resourcesmade available by society . That is why it becomes a responsibility for anorganization to account for benefit of society.MAIN SOCIAL OBJECTIVES :* To make available employment opportunities.* To save environment from getting polluted.* To improve standards of living.
3. Personal or Individual Objectives :It refers to objective to be determined with respect to employees of anorganization –The employees happen to be prudent and sensitive resource for thecompany . It is , therefore , highly imperative to take care of the feelings ofthe employees . It is an undoubted fact that satisfaction of employees israpid growth of the company .MAIN PERSONAL OBJECTIVES :•To give deserving remuneration.•To give good working environment.•To provide a share of profit.
Anything – Management = Zero/failure/Nothing¤ Helps in achieving group goals – Needless to say that it is goal-oriented activity .The goals already determined have to be achieved at all costs & its it requires thewell-directed efforts of manager to strive hard in achieving goals.¤ Increases Efficiency – A manager increases efficiency through the optimum useof available resources such as MAN,MACHINE, and MONEY.¤ Creates dynamic organization – Every organization works in an ever changingenvironment . To face the changing environment , many changes need to be made inthe company as well.¤ Achieving personal Objectives – Every employee wants to get a suitableremuneration , a share in profit , participation in management , promotion etc.¤ Helps in developing of society – Management has some responsibility towardssociety . Managers by fulfilling their social resp. helps in development of society .These resp. includes providing employment opportunities , preventing pollution ,fair price for commodity etc.