Management involves individuals responsible for planning, organizing, directing, and controlling activities within an organization to achieve its objectives. It emphasizes the effective and efficient use of resources, aiming for optimum outputs with minimal inputs while fostering good relationships between employers and employees. The document outlines the functions and importance of management in achieving organizational goals and enhancing productivity.

1. MANAGEMENT
Prepared By
Dr. Ranu Kumar

2. INTRODUCTION
• Management is an individual or a group of
individuals that accept responsibilities to run
an organisation. They Plan, Organise, Direct
and Control all the essential activities of the
organisation. Management does not do the
work themselves. They motivate others to do
the work and co-ordinate (i.e. bring together)
all the work for achieving the objectives of the
organisation.

3. In other words, we can say that management is effective
and efficient utilization of resources. With the help of
management, we can optimum utilization of limited
resources.
According to Harold Koontz,
"Management is the art of getting things done through
and with people in formally organised groups.“
According to Henri Fayol,
"To manage is to forecast and to plan, to organise, to
command, to co-ordinate and to control."

4. Objectives of Management
• Getting optimum outputs with Minimum
inputs.
• Increasing the Efficiency of Production
• Sound relationship between Employer &
Employees
• Human betterment & Social Justice

5. Features of the Management
• Goal-Oriented
• integrates Human, Physical and Financial
Resources
• Continuous Process
• Group Activity

6. IMPORTANCES OF MANAGEMENT
There are some common importance of management
discussed below
• To achieve organizational goals.
• Effective and efficient utilization of resources.
• Reduce the cost of operation
• Establishes Sound working in organization
• Efficient management leads to better economical
production which helps in turn to increase the
welfare of people

7. Function of Management

8. For More Information (online source)
and References
• https://www.managementstudyguide.com/m
anagement_functions.htm
• https://en.wikipedia.org/wiki/Management
• https://iedunote.com/management