2. IINNTTRROODDUUCCTTIIOONN
A set of functions that assist in efficient utilization of scarce
resources for the attainment of organizational goal.
It involves foreseeing the future preparing plans to achieve
certain objectives.
Proper utilization of the resources such that it contributes
towards the attainment of objective set.
3. Complex & difficult to understand
Management has to perform so many functions to
achieve organizational objectives.
Distinct process consisting of planning, organizing,
actuating & controlling, utilizing in each both science &
art, and followed in order to accomplish pre determined
objectives .
The existence of management ensures proper
functioning and running of an organization
4. Need and IImmppoorrttaannttss ooff mmaannaaggeemmeenntt
Optimum utilization of scarce resources
Accomplishment of group goals
Essential to reduce cost of product
Management meets the challenges of changs
Help in national growth
Stability