hi guys ☺
EXPLAIN ME ⬇⬇
WHAT IS MANAGEMENT
Answers
Management:-
Management can be defined as the process of administering and controlling the affairs of the organization, irrespective of its nature, type, structure and size. It is an act of creating and maintaining such a business environment wherein the members of the organization can work together, and achieve business objectives efficiently and effectively.
Management acts as a guide to a group of people working in the organization and coordinating their efforts, towards the attainment of the common objective.
Characteristics of Management
●Universal: All the organizations, whether it is profit-making or not, they require management, for managing their activities. Hence it is universal in nature.
●Goal Oriented: Every organization is set up with a predetermined objective and management helps in reaching those goals timely, and smoothly.
●Continuous Process: It is an ongoing process which tends to persist as long as the organization exists. It is required in every sphere of the organization whether it is production, human resource, finance or marketing.
●Multi-dimensional: Management is not confined to the administration of people only, but it also manages work, processes and operations, which makes it a multi-disciplinary activity.
- Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources.