Question

What are the characteristics and importance of management??

Answer 1

Answer:

Characteristics of management:

• 1. Management is goal oriented process.
• 2. Management is Pervasive.
• 3. Management is Multidimensional.
• 4. Management is a continuous process.
• 5. Management is a dynamic function.

Importance of management:

• 1. Management helps in Achieving Group Goals.
• 2. Management Increases Efficiency.
• 3. Management Creates a Dynamic Organisation.
• 4. Management helps in Achieving Personal Objectives.
• 5. Management helps in the Development of the Society.

Answer 2

Characteristics of Management Principles:

I. Evolutionary

II. Universality

III. Relativity

IV. Flexibility

V. Limited Applications

VI. Dynamic Nature Of Principles

VII. Concentration Of Human Behavior

VIII. Relative Principles Of Management.

Importance of Management Principles :

1. Achieving Results Economically

2. Optimum Utilization of Resources

3. Scientific Decisions

4. Change in Technology

5. Effective Administration

6. Social Responsibilities

7. Research and Development

8. Increase in Productivity

9. Practical Guidance

10. Develops the Spirit of Co-operation.