Learn About Management
Question
(1)Meaning Of Management And Discussion it's Features in Detail ?Ans:-To understand management we have to first understand the meaning of commerce is related to trade & business
Trade means exchange or purchase & sales of goods against money 💰 or goods with goods commerce include trade and all it's auxiliary service like transportation,banking,insurance,communication etc...
Mgmt(management) is done to increase profitability & efficiency of business
"mgmt is an art getting things done through others" by KOONTZ & O'DONNELL
"to manager is to forecast to plan to organize to command to co-ordinate & to control " by HENRY FAYOL
"management is what manager does " by LOUIS ALLEN.
:-Features /charaeterustics Of Magmt-:
-mgmt is goal oriented
-universal /pervasive Function
-Intangible
-Multi-Diciplinary
-Problem-solving
-co-ordination of efforts
-Flexible
-Leadership Activity
-Group Function
-Social Process
-Art, Science, and Profession
=> Various Features Of Mgmt Are Subscribed
(1) Mgmt is goal oriented
=mgmt always aims to achieve certain organizational goal
=goal should be simple & Clearly started
=mgmt helps to co-ordinate individual goal with organizational Goal
=without mgmt conflict created in organization & it became difficult to achieve objective.
(2) Universal function/pervasive
= management a difficult to an organisational whether big or small business or non-business organisation government ,private, Charitable Trust,Army ,Temple etc...
= It require it every level of organisation top level , middle level, and lower level.
(3) intangible
= management cannot be seen it is unseen only it's presence can be felt.
= for example company e are not able to to product good on time In right Quality can say company have poor management.
= management effect on every activity and we can find different result by it
(4) multi-disciplinary
= management has various concepts which are derived from other subjects like sociology psychology science etc...
= management uses various discipline to to solve a particular business problem
(5) problem solving
= management has to solve various problem of business like employess, production , marketing , so it is problem solving activity
(6) co-ordination of efforts
= management help to create co-ordination among various departments of organisation
= co-ordination is the soul of Management
= if there is not proper co-ordination between various group of employee then the organisation goals will never be achieved,so manager has also become effective co-ordinator
(7) Flexible
= Management and Organisation deal with its external environment which include various ,social, economic & political factors.
= in order to survive and grow organisation must change itself as Per The environment.
= so, management cannot be e statistic,but has to change with changing time.
(8) leadership activity
= in management we get the things done from other and human efforts go waste in absent of a proper discussion.
= a manager is a leader of the group of employees and provide proper discussions organisational object can be achieved.
= therefore management is the considered as a leadership activity
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