By - Moulya and Purvi

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BY – MOULYA AND PURVI

Management is an art of getting things done


with and through others. Management can be
defined as, the process of getting things done with
the aim of achieving organizational goals effectively
and efficiently.

Efficiency and Effectiveness


Efficiency (completing the work at low cost) means doing
the task correctly at minimum cost through optimum
utilization of resources while effectiveness (Completing the
work on time) is concerned with end result means
completing the task correctly within stipulated time.
Although efficiency and effectiveness are different yet they
are inter related. It is important for management to
maintain a balance between the two.
CHARACTERSTICS OF MANAGEMENT ;
i) Management is a Goal Oriented Process Organisation’S existence is based on objectives
and management is the process which unites the efforts of
every individuals to achieve the goal.
(ii) Management is All Pervasive The use of management is not restricted, it is applicable
in all organisations big or small, profit or non-profit making.
(iii) Management is Multidimensional it does not contain one activity. it is a complex
activity including three main activities
(a) Management of house
(b) Management of people
(c) Management of operations
(iv) Management is a Continuous Process It is a never ending process. It consists of series
of interrelated functions which performs continuously.
(v) Management is a Group Activity Organisation is a collection of many individuals,
every individual contributes towards achieving the goal.
(vi) Management is an Intangible Force It cannot be seen or touched only it can be felt in
the way the organisation functions.
FUNCTIONS OF MANAGEMENT
OBJECTIVES OF MANAGEMENT
(i) Organisational Objectives
(a) Survival It exists for a long time in the competition market.
(b) Profit It provides a vital incentive for the continued successful
operations.
(c) Growth Success of an organisation is measured by growth and
expansion of activities.
(ii) Social Objectives Involves creation of benefit for society.
(iii) Personal Objectives Objectives of employees like good salary,
promotion, social recognition, healthy working conditions.
IMPORTACE OF MANAGEMENT
It helps in Achieving Group Goals - It arranges the factors of production,
assembles and organizes the resources, integrates the resources in effective
manner to achieve goals. It directs group efforts towards achievement of
pre-determined goals.
MANAGEMENT PROCESS
LEVELS OF MANAGEMENT

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