Saturday, September 4, 2021

NATURE AND SIGNIFICANCE OF MANAGEMENT ( BRIEF NOTES)

 Management is the art of getting things done through others and with formally organized groups.

( Harold Koontz)

Management is the process of designing and maintaining an environment in which individuals ,working efficiently together in groups, accomplish selected aims.

Management is the process of ensuring effective and efficient realisation of organizational goals. It includes three elements :

  1. Process
  2. Efficiency
  3. Effectiveness
Features of Management :
  1. Management is a goal oriented process
  2. Management is all pervasive
  3. Management is multidimensional
  4. Management is a continuous process
  5. Management is  a group activity
  6. Management is a dynamic function
  7. Management is an intangible force

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