01-01-2013, 04:09 PM
BUSINESS STUDIES
BUSINESS STUDIES.ppt (Size: 514 KB / Downloads: 28)
Characteristics of Management:
MANAGEMENT IS GOAL ORIENTED PROCESS:
An organization always have set of goals and these goals are the actual reason because of which management is existing.
Goal should be clearly stated and it has to be simple.
Different org have different goals. E.g. goals of a Reliance fresh and goals of Nature club India.
The job of management is to unite the effort of all individual towards achieving these goals.
2. MANAGEMENT IS ALL PERVASIVE:
Management activities are common to all type of organizations whether they are economic, social or political.
Either managing petrol pump or managing school, management is essential in both the aspect.
MANAGEMENT IS A CONTINUOUS PROCESS:
Management process consist of continuous but separate management functions. [POSDC]
Managers perform this functions simultaneously.
E.g. Suhasini : one day in planning for future, other day sorting problems with employees, or at some other day giving new instruction of directing to all rural artisans etc.
One functions end, the other one starts automatically.
MANAGEMENT IS A GROUP ACTIVITY:
Organization is collection of many individuals who are having diverse needs.
Every member has different purpose of joining the organization, but as the member of the organization they have to work towards achievement of common goals.
Achievement of common goals leads to increased team work and coordination and there by achieving individual goals.
SOCIAL OBJECTIVES:
Envt friendly methods of production, employment to disadvantaged sections of the soc, providing basic amenities such as school colleges etc.
PERSONAL OBJ:
Org is a set of people who have diverse needs. They join org to satisfy their own needs.
These may vary from handsome salaries + perks to personal growth and development.
Mgmt has to make sure that achieving common goals would complete personal or individual g
Importance of Management
MANAGEMENT HELPS IN ACHIEVING GROUP GOALS:
The main aim behind establishing management is to achieve common goals.
To make this happen, a manager, gives common direction to all the individuals for accomplishing common goals.
2. MANAGEMENT INCREASES EFFICIENCY:
By doing better P O S D C, a manager would be in a better situation to reduce the maximum cost.
Reduction in cost always leads to increased efficiency.