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Stack #4587586
Nature & Significance of Management
| Question | Answer |
|---|---|
| Characteristics of Management | 1.) Management is a Goal Oriented Process 2.) Management is All Pervasive 3.) Management is Multi–Dimensional 4.) Management is a Continuous Process 5.) Management is a Dynamic Function 6.Management is a Group Activity Management is a Group Activity |
| Objective of Management | 1.)Organisational Objective (a) Survival (b) Profit (c) Growth 2.)Personal Objective 3.)Social Objective |
| Importance of Management | 1.) Management helps in achieving group goals 2.) Management increases efficiency 3.) Management creates dynamic organisation 4.) Management helps in achieving personal objectives 5.) Management helps in development of society |
| Nature of Management | 1.) Management is an Art 2.) Management as a Science 3.) Management as a Profession |
| Levels of Management | |
| Functions of Management | 1.) Planning 2.) Organising 3.) Staffing 4.) Directing 5.) Controlling |
| Need for Coordination | 1.) Needed for all functions ~Planning ~Organising ~Staffing ~Directing ~Controlling 2.) Needed at all levels ~Top level managers ~Middle level managers ~Lower–level managers |
| Characteristics of Coordination | 1.) Integrates group efforts 2.) Ensures unity of action 3.) Continuous process 4.) All pervasive function 5.) Responsibility of all managers 6.) Deliberate function |
| Importance of Coordination | 1.) Growth in size 2.) Functional differentiation 3.) Specialisation |
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