Management Principles and Processes

Management is a systematic way of getting things done to achieve goals effectively and efficiently.

Planning, organizing, staffing, directing, and controlling are the primary functions of management.

Effectiveness refers to doing the right tasks to achieve desired outcomes.

Efficiency means doing tasks correctly with minimum resource use and cost.

Management is goal-oriented, pervasive, multidimensional, continuous, dynamic, a group activity, and an intangible force.

Management aims for organizational survival, profit, growth; as well as social and personal objectives.

Management helps achieve group goals, increases efficiency, creates a dynamic organization, fulfills personal objectives, and promotes societal development.

Management is considered an art, science, and profession, integrating skills and knowledge for effectiveness.

Management that adapts to changing environments and needs.

A force of management that is felt but not seen.

Goals set by management to benefit all stakeholders.

Goals focused on survival, profit, and growth of a business.

Earning enough revenue to cover costs.

Earnings beyond costs, providing incentive for operations.

Long-term increase in sales, employees, or investments.

Obligations of organizations to benefit society.

Goals that fulfill diverse needs of individuals in an organization.

Management aligns individual efforts towards achieving group goals.

Management aims to reduce costs and improve productivity.

Management helps organizations adapt to constant changes in the environment.

Management motivates individuals to reach personal goals while supporting organizational aims.

Management contributes to societal progress through improved services and jobs.

Management is both an art and a science, relying on theoretical knowledge and experience.

Knowledge gained from study and experience that supports management practice.

A theory that uses scientific methods for management improvements, pioneered by F.W. Taylor.

Universal guidelines developed through experimentation and observation to help in management practices.

Applying management principles creatively and uniquely to specific situations.

Management is considered an inexact science due to unpredictable human behavior.

The customized use of management knowledge considering the realities of a situation.

A special set of terms and concepts used for effective communication among managers.

The role of creativity and innovation in solving management issues and improving practices.

Management principles evolve through repeated experimentation across different organizations.

The process by which a manager synchronizes activities of different departments.

Coordination ensures unity of action among individuals to achieve common objectives.

Coordination integrates group efforts into purposeful work activity, giving a common focus.

Coordination involves the right timing, quality, and sequence of actions to reach objectives.

Coordination binds all functions of management together for effective operation.

Controlling addresses discrepancies between actual and planned activities during coordination.

Each managerial function contributes to achieving coordinated group goals.

The process of coordination begins at the planning stage in an organization.

Coordination integrates the efforts of individuals, departments, and specialists to achieve common goals.

It involves aligning the individual goals of employees with the goals of the organization for better efficiency.

As organizations grow, integrating efforts and activities of a larger workforce becomes challenging.

Different departments in an organization have unique objectives and styles, leading to potential conflicts.

Departments rely on each other for information and support to achieve overall organizational goals.

Cooperation without coordination can waste effort; coordination without cooperation can lead to employee dissatisfaction.

Focus on synchronizing the activities of all departments towards the overall goals of the organization.

Conflicts may arise when departments work in isolation, focusing only on their individual objectives.