Question

. A floor manager of a mall is a very good manager as he utilizes all the functions of management to minimise cost of maintenance of his area. He directs all the staff members under him to follow the targets and advises them to put their efforts in the direction of achievement of these targets. Under his guidance the employees admit that they learn a lot and are able to meet their targets. This has led to the increase in their salaries.Identify the importance of management highlighted above and explain

Answer 1

Answer:

Management is the process of getting work done from others effectively as well as efficiently by involving functions of management to achieve organisational goals.

Efficiency involves minimising costs and increasing output. Effectiveness means doing the right work, on or before time in the right quantity and maintaining the right quality.

Characterstics of management

• Management is a goal oriented process. Every organisation exists for the completion of a goal. Organisations differ from each other and hence have different sets of goals that they wish to accomplish.
• Management is all pervasive. Management is present everywhere. Management activities are common to all types of organisations whether these are economic, social or political organisations.
• Management is multidimensional. Management is multidimensional as it includes the following

Explanation:

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Answer 2

The importances of management highlighted in the above text is as follows:

Management Increases Efficiency: It increases productivity through better planning, organizing, and directing the activities of the organization.

'He has minimized the cost of maintenance of his area.'

Management Helps Achieving Group Goals: It integrates the objective of individuals along with organizational goals.

'He directs all the staff members under him to follow the targets and advises them to put their efforts in the direction of the achievement of these targets.'

Management Helps in Achieving Personal Objectives: Through motivation and leadership, management helps in achieving personal objectives.

'Under his guidance, the employees admit that they learn a lot and are able to meet their targets. This has led to the increase in their salaries.'

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