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Definition of management
Characteristic of management
Management is the process of planning, organizing, directing, and controlling resources (such as human, financial, physical, and informational) to achieve organizational goals effectively and efficiently.
Characteristics of management include:
1. Goal Orientation: Management is focused on achieving specific objectives or goals, whether they are short-term or long-term.
2. Multidisciplinary Approach: It incorporates knowledge and principles from various fields such as psychology, sociology, economics, and operations research.
3. Continuous Process: Management is an ongoing process that involves continuous planning, organizing, leading, and controlling activities to adapt to changing circumstances and achieve goals.
4. Decision Making: Managers are involved in making decisions at various levels of the organization, ranging from strategic decisions that affect the entire organization to operational decisions that deal with day-to-day activities.
5. Resource Optimization: Management involves efficiently utilizing resources such as human, financial, and physical resources to achieve organizational objectives.
6. Interpersonal Relationships: Managers work with people at different levels within the organization and must possess strong interpersonal skills to effectively communicate, motivate, and lead others.
7. Flexibility: Management must be adaptable to changes in the internal and external environment of the organization, including changes in technology, market conditions, and regulatory requirements.
8. Accountability: Managers are accountable for the performance of their teams or departments and must ensure that goals are met while adhering to organizational policies and procedures.
9. Leadership: Effective management requires leadership skills to inspire and motivate employees, foster innovation, and create a positive organizational culture.
10. Problem Solving: Managers are responsible for identifying problems, analyzing alternatives, and implementing solutions to address challenges and improve organizational performance.
Q1: What is management? A1: Management is the process of planning, organizing, directing, and controlling resources to achieve organizational goals effectively and efficiently.
Q2: What are some characteristics of management? A2: Characteristics of management include goal orientation, multidisciplinary approach, continuous process, decision making, resource optimization, interpersonal relationships, flexibility, accountability, leadership, and problem-solving.
Q3: Why is management considered a continuous process? A3: Management involves continuous planning, organizing, leading, and controlling activities to adapt to changing circumstances and achieve goals.
Q4: What role do interpersonal relationships play in management? A4: Interpersonal relationships are crucial in management as managers work with people at different levels within the organization and must possess strong interpersonal skills to effectively communicate, motivate, and lead others.
Q5: How do managers optimize resources in management? A5: Managers optimize resources by efficiently utilizing human, financial, and physical resources to achieve organizational objectives while ensuring accountability and adherence to organizational policies and procedures.
LECTURE 1
• COMMERCE ISC CLASS 12,...
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7 окт 2024
