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Management is the art of 
getting things done through utilising scare 
resources beneficially for the organisation.
NEED & IMPORTANCE OF 
MANAGEMENT 
Optimum utilisation of scare resources. 
Accomplishment of group goals. 
Essential to reduce the cost of product. 
Management meets the challenges of 
change. 
Helps in national growth. 
Stability
FEATURES OF MANAGEMENT 
Management is goal oriented. 
Management is a distinct activity. 
It is a process. 
Management is a social process. 
It is a system of authority. 
Management is needed at all levels. 
Principles of management are dynamic. 
Group efforts. 
Intangible and coordination force. 
Influences behaviour.
LEVELS OF MANAGEMENT 
 TOP LEVEL MANAGEMENT. 
 MIDDLE LEVEL MANAGEMENT. 
 LOWER LEVEL MANAGEMENT.
FUNCTIONS OF MANAGEMENT 
PLANNING 
ORGANISING 
STAFFING 
DIRECTING 
CONTROLLING

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Nature and significance of management

  • 1. Management is the art of getting things done through utilising scare resources beneficially for the organisation.
  • 2. NEED & IMPORTANCE OF MANAGEMENT Optimum utilisation of scare resources. Accomplishment of group goals. Essential to reduce the cost of product. Management meets the challenges of change. Helps in national growth. Stability
  • 3. FEATURES OF MANAGEMENT Management is goal oriented. Management is a distinct activity. It is a process. Management is a social process. It is a system of authority. Management is needed at all levels. Principles of management are dynamic. Group efforts. Intangible and coordination force. Influences behaviour.
  • 4. LEVELS OF MANAGEMENT  TOP LEVEL MANAGEMENT.  MIDDLE LEVEL MANAGEMENT.  LOWER LEVEL MANAGEMENT.
  • 5. FUNCTIONS OF MANAGEMENT PLANNING ORGANISING STAFFING DIRECTING CONTROLLING