What is Management?|CBSE

What is Management?

Google says,"the process of dealing with or controlling things or people."

Wikipedia says,"Management (or managing) is the administration of an organisation, whether it is a business, a not-for-profit organisation, or government body. Management includes the activities of setting the strategy of an organisation and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources."

Have You Read?

What Is National Income?

Management is the process of getting things done by others for achievement of organisational goals efficiently and effectively. 

We need to elaborate three terms:

1. Process- It means the primary function that management performs to get things done. 

Planning- It means deciding in advance what is to be done,  how it is to be done and who will do a particular task.  It bridges the gap from where we are to where we want to be. 

Organising- It is management function of assigning duties,  grouping tasks,  establishing reporting relationship and allocating resources to carry out a specific plan. It decides who will do a particular task,  where it will be done and when it will he done. 

Staffing- It means finding the right person for the right job.  It includes recruitment,  selection,  placement and orientation, etc.  It is a continuous process. 

Directing- It is telling people what to do and seeing that they do it up to their best ability.  There are four elements of directing: Motivation, Leadership,  Communication and Supervision. 

Controlling- It is the process of comparing actual performance with standards, finding out deviations and take necessary corrective action to prevent recurrence of such deviations. 

2. Effectiveness-  It is concerned with doing the right task and achieving goals. 

3. Efficiency – It means doing task correctly and with minimum cost. 

Note- Efficiency and effectiveness are different but they are inter-related.  They are two sides of same coin. 

Features of Management:

1. Goal-oriented process- An organisation has set of goals to achieve.  Management unites the efforts of different individuals in the organisation towards achieving these goals.

2. Group Activity- An organisation is a group of different individuals who work together with team spirit and coordination to achieve goals in organisation. Management as a group can contribute more effectively and efficiently than an individual. 

3. Intangible Force- Management cannot be seen but it’s presence can be felt when targets are achieved. 

4. All-pervasive – It is performed in all types of organisation,  in all departments and at all levels.  It is essential for all organisation.

5. Multi-dimensional – It involves management of work,  people and operations.

• Work- It translates work to be done in terms of goals to be achieved. 

• People- The task of manager is to make people work towards achievement of organisational goals by making their strengths effective.

• Operations- It means managing the production and technology into desired output.

6. Continuous process – It is a series of continuous process but separate function -planning, organising, staffing, directing and controlling. 

7. Dynamic function – It adapts itself to changing environment. In order to be successful,  an organisation must change itself and their goals according to needs of the environment.

Continue Reading...

Management | Objectives | Levels

Fell free to contact.

Do comment and share,

Don't forget to subscribe for daily updates.