What do you mean by management ,explain nature and importance of management?
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Management is the process of reaching organizational goals by working with and through people and other organizational resources.
Management has the following 3 characteristics:
It is a process or series of continuing and related activities.It involves and concentrates on reaching organizational goals.It reaches these goals by working with and through people and other organizational resources.
Management has the following 3 characteristics:
It is a process or series of continuing and related activities.It involves and concentrates on reaching organizational goals.It reaches these goals by working with and through people and other organizational resources.
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Management is the function of guiding, directing and unifying human efforts and activities for the accomplishments of given tasks.
Nature of management -
☆ Management is an purposeful activity.
☆ Management is concerned with the efforts of a group.
☆ Management applies economic principles.
☆ Management involves decision making.
☆ Management is getting things done effectively and efficiently through others.
☆ Management is an art, soft science as well as profession.
Importance of Management
☆ It helps in achieving group goals.
☆ Optimum utilization of resources.
☆ Establishes sound organisation.
☆ Reduces cost
Nature of management -
☆ Management is an purposeful activity.
☆ Management is concerned with the efforts of a group.
☆ Management applies economic principles.
☆ Management involves decision making.
☆ Management is getting things done effectively and efficiently through others.
☆ Management is an art, soft science as well as profession.
Importance of Management
☆ It helps in achieving group goals.
☆ Optimum utilization of resources.
☆ Establishes sound organisation.
☆ Reduces cost
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