Skip to main content

Management

Management is a technique used for optimum utilization or resources. In other words it is a process of getting things done with the aim of achieving goals effectively and efficiently. Effective and efficient are different term but they are interrelated. In term of management it is important to be both effective and efficient. Effectiveness in management is concerned with doing the right task at right time and efficiency means doing the task correctly in minimum cost and time.

what is management


Effectiveness and efficiency are two side of the same coin and need to be balanced. Management has been defined by different authors in a number of ways. The following are some of the main definitions of management:



According to Mary Parker Follet "Management is the art of getting things done through people."

According to Harold Koontz "Management is the art of getting things done through and with people in formally organized groups."

According to Henri Fayol "To manage is to forecast and to plan, to organize, to command, to co-ordinate and to control."

Characteristics / Nature / Features of Management:

Management is a goal-oriented process: - Every organization has some goals. These goals should be simple and clearly stated. Management unites the efforts of different individuals in the organization towards achieving these goals. For example the goal of a retail store may be to increase sales but Customer satisfaction may be the goal of a restaurant. 

Management is a continuous process: - The process of management is a series of different function (planning, organizing, directing, staffing and controlling). These functions are simultaneously performed all the time. The task of a manager consists of an ongoing series of function. 

Management is a group activity: - An organization is a collection of diverse individuals with different needs. Every member of the group has a different purpose for joining the organization but as a members of the organization they work towards the fulfilling the common organizational goal. This requires team work and coordination of individual effort in a common direction. 

Management is a dynamic function: - Management is a dynamic function because it has to adapt itself to the changing environment. For example McDonald changes their menu and includes more non vegetarian dishes to survive in the Indian market. 

Management is an intangible force: - Management is an intangible force that cannot be seen but its presence can be felt in the way the organizational function. The effect of management is noticeable in an organization where targets are met according to plans. 


Credits:-
NCERT Delhi , Wikipedia.org


Labels:

Comments

Post a Comment

Popular posts from this blog

Henri Fayol Theory

Division of Work: - Work should be divided into small task/jobs. A trained specialist who is competent is required to perform each job. Thus division of work leads to specialization. This increase the effectiveness and efficiency in the work performance. Collectively they achieve the targets of the company. For example in a hospital neurosurgeon is concerned with nervous system whereas heart surgeon is concerned with respiratory system. Authority and Responsibility: - Great power comes with great responsibility. There should be balanced between authority and responsibility. An organization should build safe grad against misuse of managerial power and irresponsibility during the work. Discipline: - Discipline is systematic instruction in the organization for proper working. According to the Henri Fayol discipline requires good superior at all level, clear and judicious applicable of penalties. Suppose management and executive entered in the agreement where managem
3 comments
Read more

Feature / Nature/ Characteristics Of Planning

Definition of Planning: According to  koontz and O ’ donnell ,” Planning is deciding in advance what to do, how to do it, when to do it, and who is to do it.” Feature / Nature/ Characteristics Of Planning 1) Planning contributes to objectives : - Planning always starts with the determination of objectives. We cannot think of planning in absence of objective. After setting up an objective, planning decide the methods, procedure and steps to achieve those objectives. For an example if an organization has the objective of manufacturing 1500 washing machine in a month, then organization need to plan their activities according to the objective, to achieve their target in desired month. 2) Planning is primary function of management : - The primary or first function of every individual organization is to do planning. No other function can be executed by the organization without performing planning. Because the basic function of planning is to set up an objective, and ot
1 comment
Read more

Importance of planning

Planning help an organization to setup a process, develop strategies to achieve its goal. In the management world planning helps to keep focus on the project's development and increase productivity.  The main importance/significance of planning is listed as follows: 1) Planning facilitates Decision making : - Decision making means the process of taking decision. Under it, a variety of alternatives are discovered and the best alternative is chosen. But it is important to determine the objectives before the discovery of alternatives. Objectives are determined under the process of planning. So. it can be said that planning facilitates decision making. 2) Planning helps in Increase efficiency : - Planning makes optimum utilization of all available resources. It helps to reduce wastage of important resources and avoids their duplication. It aims to give highest returns at the lowest possible cost. Planning thus increases the overall efficiency. 3)
Post a Comment
Read more