2 business studies notes on nature and significance of management
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MANAGEMENT MEANS a process which include all its functions done by manager in an effective and efficient manner....ITS FUNCTIONS contain planning, organising, staffing, directing, controlling.
NATURE /FEATURES /CHARACTERSTICS
1..GOAL ORIENTED PROCESS ::management is a goal oriented process bcx everyone in management makes efforts to achieve a goal
2// CONTINUOUS PROCESS //management is a continuous process. bcx all functions are done continously by the manager.
3//GROUP ACTIVITY //management is a group activity bcx group efforts are used to get a goal
4//EFFICIENT AND EFFICIENCY // management is a process which includes all its functions done by manager in an effective and efficient manner.
IMPORTANCE OF MANAGEMENT
1// HELPFUL IN ACHIEVEMENT OF GOALS//
management is a process which is helpful in achievement of goals. A manager makes group efforts to achieve the goals
2//HELPFUL IN INCREASING PROFITS//
management helps in increasing profits of the business by increasing the sales revenue or reducing costs
3// OPTIMUM UTILISATION OF RESOURCES//
Management utilise all the resources properly so the all the resource converted into production..
4// MINIMISING RISK //
Management also minimise the risk of the business. by accepting all those techniques which helps the business in increasing profits and minimise risk
NATURE /FEATURES /CHARACTERSTICS
1..GOAL ORIENTED PROCESS ::management is a goal oriented process bcx everyone in management makes efforts to achieve a goal
2// CONTINUOUS PROCESS //management is a continuous process. bcx all functions are done continously by the manager.
3//GROUP ACTIVITY //management is a group activity bcx group efforts are used to get a goal
4//EFFICIENT AND EFFICIENCY // management is a process which includes all its functions done by manager in an effective and efficient manner.
IMPORTANCE OF MANAGEMENT
1// HELPFUL IN ACHIEVEMENT OF GOALS//
management is a process which is helpful in achievement of goals. A manager makes group efforts to achieve the goals
2//HELPFUL IN INCREASING PROFITS//
management helps in increasing profits of the business by increasing the sales revenue or reducing costs
3// OPTIMUM UTILISATION OF RESOURCES//
Management utilise all the resources properly so the all the resource converted into production..
4// MINIMISING RISK //
Management also minimise the risk of the business. by accepting all those techniques which helps the business in increasing profits and minimise risk
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