3. WHAT IS MANAGEMENT ?
• Management is a process of conducting a set
of functions (planning, organizing, staffing,
directing and controlling) to get the work
done in an efficient and effective manner.
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5. DEFINITION
• “Management is the function of getting things
done through people and directing efforts of
individuals towards a common objective.”
-Haimann
“Management is the co-ordination of all
resources through the process of planning,
organizing, directing and controlling in order
to attain stated goals.” -Henry L.Sisk
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6. Characteristics of Management
(1) Management is Goal-oriented Process:
• No goal in the hand no need of management.
• In other words, we need management when we have some goals to be achieved.
(2) Management is All-pervasive:
• Anything minus management is nothing or zero. (A-M = nothing/zero)
• It means management is necessary to conduct any type of activities. Hence, it is
pervasive or universal.
(3) Management is an intangible force:
• Management is that power which cannot be seen .it can only be felt.
(4) Management is a Group Activity:
• It means that it is not a single person who consummates all the activities of an
organisation but it is always a group of persons (managers). Hence, management is a
group effort.
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7. (4) Management is Multidimensional:
• The management is a three-dimensional activity:
• (i) Management of Work:
• Every organisation is established for doing some work, like a school provides
education, a hospital treats patients, a factory produces, etc. Of these no work can
be completed satisfactorily without management.
• (ii) Management of People:
• Each organisation is established for doing some work and the same is conducted
by people. Hence, it is necessary to manage the people so that the work can be
accomplished in a better way.
• (iii) Management of Operations:
• To achieve the goals of an organisation many operations or activities need to be
conducted, such as, production, sale, purchase, finance, accounting, R&D etc.
Again, management is needed to make sure that operations are accomplished
efficiently and effectively.
(5) Management is a Continuous Process:
• The various managerial activities cannot be performed once for all, but it is a
continuous process. A manager is busy sometimes in doing one managerial activity
and at other times some other activity.
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8. Importance of Management
Management helps in achieving group goals:
o A manager achieves these goals by giving the proper direction to the
efforts of all individuals.
Management Increases Efficiency:
o A manager increases efficiency through the optimum utilization of all the
resources, such as, Man, Material and Money.
Management Creates a Dynamic Organisation:
o Every organisation works in an ever changing environment.
o But people resist changes.
o Manager creates a favourable environment through introducing
employees to the benefits arising by adapting changes.
Management helps in the Development of society:
o By development of society, provide employment opportunities.
o Prevent environment by getting pollution
o To make available good quality of products at a reasonable price, etc.
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9. IMPORTANCE OF MANAGEMENT
(1) Achieves group
objectives
(2) Makes optimum use of
resources
(3) Minimum costs.
(4)Ensures survival and
growth.
(5) Improve standard of
living.
(6) Generates employment.
(7) Contributes to nation-
building.
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10. LEVELS OF MANAGEMENT
SUPERVISORY MANAGEMENT
Factory Supervisory Sales officer, Office supermtemtent
MIDDLLE LEVEL
Departmental Head
TOP MANAGEMENT
Board of directors Chief executive
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