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Title: Management (POSDCORB)
Description: This notes consists nature and significant of management in simple words and all functions of management like planning, organising, staffing, Directing, controlling and coordination and most important 5 M's of management in simple language
Description: This notes consists nature and significant of management in simple words and all functions of management like planning, organising, staffing, Directing, controlling and coordination and most important 5 M's of management in simple language
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UNIT- 1
NATURE AND SIGNIFICANCE OF MANAGEMENT
Q
...
Ans
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It is the joint
efforts of a group of people who use their skills and knowledge in running the
complete system of the organization
...
“Management is an art of getting things done through others
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It involves proper utilization of
resources like material, money, machinery, methods, manufacturing and marketing
...
According to Taylor, “Management is the art of knowing what you want to do and
then seeing that it is done in the best and cheapest way
...
”
According to Henry Fayol, “To manage is to forecast and to plan, to organize, to coordinate and to control
...
Q
...
Ans
...
Management is goal oriented- Management is concerned with achieving specific
goals and objectives
...
2
...
Management involves getting things done by, with and through the efforts of group
members
...
3
...
Its presence is evident from the
result of its efforts
...
Management involves decision making- Decision-making is an important part of
modern management
...
5
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Like an art, it requires skills and knowledge in order to be able to
manage an organization
...
It is
however not pure science like physics and chemistry
...
Management is getting things done through others- A manager plans activities
and goals of the organization and gets them done through subordinates
...
Universal Process: Management is applicable in all organizations
...
8
...
9
...
Q3
...
: Management as an art
Art is concerned with application of skills and continuous effort for achieving certain
goals
...
It is a resultoriented approach
...
It is a creative art as it involves
getting things done through others by motivating them and coordinating their
efforts
...
In this
sense, management is an art
...
Man
Title: Management (POSDCORB)
Description: This notes consists nature and significant of management in simple words and all functions of management like planning, organising, staffing, Directing, controlling and coordination and most important 5 M's of management in simple language
Description: This notes consists nature and significant of management in simple words and all functions of management like planning, organising, staffing, Directing, controlling and coordination and most important 5 M's of management in simple language