Podcast
Questions and Answers
Why is management presently not considered a profession?
Why is management presently not considered a profession?
What is coordination in management?
What is coordination in management?
Bringing together activities and resources of an organization to achieve harmony.
Coordination is a continuous process in management.
Coordination is a continuous process in management.
True
As the size of an organization increases, the need for blank also increases.
As the size of an organization increases, the need for blank also increases.
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Match the following with their importance in coordination:
Match the following with their importance in coordination:
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Define management.
Define management.
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What does effectiveness refer to in management?
What does effectiveness refer to in management?
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Management is a continuous process.
Management is a continuous process.
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Management aims at achieving ________.
Management aims at achieving ________.
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Match the following management activities with their descriptions:
Match the following management activities with their descriptions:
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Study Notes
Nature and Significance of Management
- Management is the art of getting things done through others with the objective of achieving organizational goals effectively and efficiently.
- Management is necessary for all types of organizations, not just business organizations.
Features of Management
- Management aims to achieve organizational goals.
- Management is pervasive, meaning it is necessary for all organizations.
- Management is an intangible process, but its existence can be felt through an orderly and coordinated working environment.
- Management is a continuous and dynamic process.
Dimensions of Management
- Management is multidimensional, including:
- Management of work (synchronizing activities to achieve organizational goals).
- Management of people (taking care of individual and group needs).
- Management of operations (combining work and people management).
Process of Management
- Management consists of a series of steps, including:
- Planning
- Organizing
- Staffing
- Directing
- Controlling
Objectives of Management
- Objectives of management include:
- Organizational objectives (survival, profit, and growth).
- Social objectives (standard quality products, employment opportunities, environment-friendly methods, and charity).
- Personal objectives (competitive salary, healthy working environment, and regular training).
Importance of Management
- Management creates a dynamic environment and reduces wastage of resources.
- Management directs efforts towards achieving organizational goals.
- Management helps achieve personal objectives and brings harmony to work.
- Management contributes to the development of society.
Levels of Management
- Top-level management:
- Includes the chairman, board of directors, CEO, etc.
- Decides objectives, makes policies, and arranges finance and resources.
- Middle-level management:
- Includes department heads.
- Makes plans, interprets policies, coordinates with other departments, and motivates employees.
- Lower-level management:
- Includes superintendents, supervisors, and clerks.
- Expresses worker problems, maintains product quality, reduces wastage, and ensures employee safety.
Nature of Management
- Management is considered both an art and a science.
- It contains features of art, such as personalized application and creativity.
- It also contains features of science, such as a systematic body of knowledge and principles based on practice and repeated experiments.
Coordination
- Coordination is the essence of management.
- It is a continuous and pervasive function required at all levels of management.
- It integrates group efforts and is the responsibility of managers at every level.
Importance of Coordination
- Coordination is crucial in large organizations with many employees.
- It is necessary when there are many specialists employed in one organization.
- It is required when different departments have different objectives.
Conclusion
- Management is an art of getting things done through others to achieve organizational goals.
- Management is essential for all organizations, and its importance cannot be overstated.
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Description
Learn about the basics of management, its significance, and its role in achieving organizational goals. Understand the nature of management and its applicability in different types of organizations.
