3. 1.MANAGEMENT IS GOAL ORIENTED:-
An organisation has a set of
basic goals which are the basic
reason for its existence.
These should be simple and
clearly stated. Different
organisations have different
goals.
4. FEATURES OF MANAGEMENT
• MANAGEMENT IS GOLA ORIENTED
•MANAGEMENT IS ALL PERVASIVE
• MANAGEMENT IS MULTIDIMENSIONAL
i. MANAGEMENT OF WORK
ii. MANAGEMENT OF PEOPLE
iii. MANAGEMENT OF OPERATIONS
• MANAGEMENT IS CONTINOUS PROCESS
• MANAGEMENT IS GROUP ACTIVITY
• MANAGEMENT IS DYNAMIC FUNCTION
•MANAGEMENT IS AN INTANGIBLE FORCE
5. 1.Management is all pervasive:
Management activities are not only
applicable to business units alone.
They are universally applicable to
all organisations, whether, it may
be economic, social, charitable,
religious or political. Therefore,
management is all pervasive and a
universal phenomenon.
6. 2.Management is Multidimensional:
Management is a complex
activity and involves three
dimensions viz.,
a) Management of work ,
b) Management of people,
c) Management of operations.
7. 2(a).Management of work:
Each and every
organisation exists for performing some
work. Management translates this work
in terms of goals to be achieved and
assigns the means to achieve it. This is
done in terms of problems to be solved,
decisions to be made, plans to be
prepared, responsibilities to be
assigned and authority to be delegated.
8. 2(b).Management of people:
Management is concerned with
“getting things done through
people. “It is a major task of
manager; it consists of dealing
with all the employees of
organisation having different
personalities, needs ,
9. MANAGEMENT IS CONTINOUS
PROCESS;- He process of
management is a series of continuous,
composite, but separate functions
(planning, organising, directing, staffing
and controlling). These functions are
performed by all managers all the time.
10. 2(c).Management of operations:
Every
organisation has to deliver certain
goods or services for its survival.
Through management, the
operational inputs are transformed
into desired output for customers.
11. 4.Management is a dynamic function:
Every
organisation works in an
environment, which keeps on
changing. Management has to adapt
itself to changing environment.
Therefore, management is a dynamic
function. It must change according to
the change in needs.
12. 3.Management is a group activity
Each and
Every organisation consists of number
of person with different needs. Every
member the group has different
purpose to join the organisation. As
member of the organisation, they have
to initiate, communicate, coordinate
and join their hands for attaining the
common organisational goals. Hence it
is a group activity
13. 5.Management is an intangible
force:
Management
cannot be seen but its presence can be
felt in the operations of the
organisation. Effects of management
are noticeable in terms of attainment of
production targets, employees
satisfaction etc. So management is an
unseen force but reflect in the collective
efforts of people.
18. 1) Organisational Objectives:
It refers to the objectives for the
whole organisation. While fixing
these objectives, management keeps
into consideration the benefit of all
the related parties (like owner,
employee, customer, government,
etc.). This also fulfils organisational
economic objectives which are
survival, profit and growth.
19. (i) Survival:
Every business wants to survive for long. So, management
by taking positive decisions with regard to different
business activities should ensure that business survives for
long,
(ii) Profit:
Profit plays an important role in facing business hazards
and successful running of business activities. So, it must
be ensured by the management that adequate profit is
earned by the business,
(iii) Growth:
Every business wants to grow. Management must ensure
growth of business. Growth can be measured by sales,
number of employees, products, capital investment, etc. If
all these show an increasing trend then it can be
concluded that business is heading towards growth.
20. 2) Social Objectives:
It refers to the consideration of
the interest of the society during
managerial activities. An
organisation is established in a
society. It runs through the
resources made available by the
society.
21. Main social objectives of
management are included in the
following list:
(i) To make available employment
opportunities
(ii) To save environment from getting
polluted
(iii) To contribute in improving
living standard
22. 3) Personal or Individual Objectives:
It refers to the objectives to be determined
with respect to the employees of the
organisation. The employees happen to be
prudent and sensitive resource for the
company.
23. Main objectives of management towards
employees are as follows:
(i) To give deserving remuneration
(ii) To provide good working environment
(iii) To provide a share in profit.
24. 1] Management as an art :-
An art may be defined as personalised
application of general theoretical principles
for attaining the best possible results. Art
has the following characteristics.
* Practical knowledge.
* Personal skill
* Personalised application
* Creativity.
* Perfection through practice.
* Goal oriented
25. Science is a systemised body of knowledge
relating to a specific field of study .It contains
general facts which explains a phenomenon.
These principles are developed through
scientific method to observation and
verification through testing. Following are the
basic feature of science:-
*Universal acceptance of principles.
* Principles based on expirimentation
* cause and effect relationship
26. 3.Management as a Profession:-
A profession may be defined as an
occupation that requires
specialized knowledge and
intensive academic preparations to
which entry is regulated by a
representative body. The essentials
of a profession are:
35. WHAT IS PLANNING?
• The function of management that involves
setting objectives and determining a course of
action for achieving these objectives.
• Planning includes both the broadest view of
the organization, e.g., its mission, and the
narrowest, e.g., a tactic for accomplishing a
specific goal.
36. WHAT IS ORGANISING?
• Is the process of grouping together of men and
establishing relationship among them, defining
the authority and responsibility of personnel by
using the company’s other basic resources to
attain predetermined goals or objectives.
37.
38. STAFFING
• Filling and keeping filled with qualified people
all positions in the business. Recruiting, hiring,
training, evaluating and compensating are the
specific activities included in the function. In
the family business, staffing includes all paid
and unpaid positions held by family members
including the owner/operators.
39.
40. DIRECTING
• Refers to the process of motivation,
communication and leadership
• The purpose of directing is to channel the
behavior of all personnel to accomplish the
organization's mission and objectives while
simultaneously helping them.
