Management is planning organising dividing, staffing and controlling over the humen resources to achieve stated objectives.
Features of management 1.organised activity : management is process of organised
activity ,as there is objectives to achieve these objectives all activities are organised properly ,in short management is controlling and co coordinating human resources to achieve stated objectives .
2. Existance of objectives: objectives are the desired state of
an organisation in future, without objectives resources cant be organised properly, this objectives acts like guide lines for whole organisation. e.g. Achievement of quality of product
3.Reletionship among resources : all the resources have
proper relationship among themselves ,resources cant be isolated like men money machienery material is allocated to the every dept. of an organisation.
4.working with and through people : organisation cant be
run by single or individual so it involves various group of people and get objectives fulfilled by them. Varity of people skills ,education, and experience work together to achive stated objectives .
5.dicision making : management process involves the process of
various series of decision making to achive stated objectives ,decision making involves selection of one alternate from various alternates. 1.national level dicision makeing 2. Regional level decision making 3. State level decision making
Nature of management : over the period of time
various tools & techniques are used to manage the organisations .similerly some various fields are contributed for development of management .this contribution is changed the nature of management. 1.multideciplinery: management is basically multi deciplinery,this ,means management has developed a seprate decipline but knowledge and concepts ae taken from various decipline such as economics ,sociology ,physicology,statistics,history & opration research. Infact the integration of knowledge of various decipline for management is used & this integrated is known as management .
2.dynamic neture of principals: principals are fundamental
truth which explains cause & effects of particular thing this principals are supported by pratical evidances and are constent over the period of time. however principals in management are dynamic in neture i.e they are change with envornment.
3.reletive absolute principals : as management principals
are dynamic in neture they change with envornment and applied according to the situation. These principals are relative means changing but not out dated. e.g. motivation of different type of people for different peoples . i.e. japanies people are not motivated by money ,while indian peoples are motivated by money.
4.management science or art: there is contravercy between
management science or art ,however management is both science as well as art. Management is science because,it has methods, theory, principals, & observations.
Management is art because , applicability of knowledge and skils as various form person to person. e.g. handling of employees , decision making .
5.management as profession : now a days management is
treated as profession because after persuing degree one can earn for his lively hood . It is treated as profession because 1.Existence of knowledge. 2. aquication of knowledge. 3. professional association. 4. AIMA: all india management association. 5. ethical code . 6. service motive . 7. professional consultant.
6.university of management: management is universal
phenomenon ,that is basics of management are universal,& they can be use in all types and situated any where in an organisation. e.g. it is observed irrespective of country size they all follow planning , organising ,directing , controlling , & staffing.
Management is also used in banking, manufacturing , insurance , transportation.
Importance of management:
Management has become important activity in the corporates to achieve the desired objectives like shareholders , growth , quality ,product etc. everybody is following management practice. The importance of management is summarised in following contents.
Effective utilisation of resources: management
practice trys to make effective utilisation of resources like machine , material, money .etc. these resources are costly and scary in nature. e.g. depart mentation divides whole organisation in two different group . this makes maximum utilisation of man power available.
Development of resources: over a period of time by following
management practice resources get developed . Because of departmentation employees are working in specific department & get developed .these developed employees are useful for occupying next position in organisation .
Incorporate innovation: as management is the organised
efforts because of effective utilisation and development of resources it leades to new innovation. e.g. use of ATM machines in bank utility.
Integrating various groups: organisation requires various
groups like shareholders employee creditors suppliers bankers etc. as all these groups have interested in the organisation this interest is achieved through management practice only.
Stability in society: by following management practice one can
convert different resources in product as per the requirement of customer Management practice allows huge rising of funds & interim offers salary to employees.
Levels of management
as we know that planning ,organising , staffing, directing , controlling are the funcations of management performed by every management in an organisation .
however the relative importance of these functions various along the managerial level people in the organisation are arranged in various levels and all these levels have relationship with each other .the organisation is divided into 3 steps . TOP LEVEL MIDDLE LEVEL LOWER LEVEL
Top level
Ceos Cios Cmos Managing dir.
middle level
gen manager managers hod
lower level
sr.supervisor jr.supervisor workers
Above digramme shows indicates that top level management consist of board of diractors md,& chief exicative The top management is basically involved in innovating in termal & external involvement
