Nature Of Management Flashcards
Features/Characteristics of Management
PM DIG CONTINUOUS GOAL
1- Pervasive
2- Multidimensional
3- Dynamic
4- Intangible
5- group activity
6- continuous
7- goal oriented
Dimensions of management?
WOP
1- work
2- people
3- operations
Objectives of Management?
SPG
1- survival
2- profit
3- growth
Importance of management?
Dad achieving efficiency
1- creates a dynamic organization
2- helps in achieving personal objectives
3- helps in the development of society
4- helps in achieving group goals
5- increases efficiency
Nature of management?
Art, Science, Profession
Levels of management?
Top, Middle, Lower
Features of coordination?
Dr. Unity integrates pc
1- is a deliberate function
2- is the responsibility of all managers
3- ensures unity of action
4- integrates group efforts
5- is an all pervasive function
6- is a continuous process
Features of science?
1- systematic body of knowledge - cause effect
2- principles based on experimentation - observation, repeated experimentation
3- universal validity
Features of art?
1- The existence of theoretical knowledge - certain basic principles
2- personalised applications - varies from individual to individual
3- based on practice and creativity
Features of profession?
1- well defined body of knowledge
2- restricted entry
3- professional association
4- ethical code of conduct
5- service motive
What is planning?
Planning is the function of determining in advance what is to be done and who is to do it
What is organising?
Organising is the management function of assigning duties, grouping tasks, establishing authority and allocating resources required to carry out a specific plan
What is staffing?
Staffing, simply stated is the finding the right people for the right job
It is closely linked with organising
It is the most critical drive of an organisation
It is the generic function of management, because all other functions ultimately have to be performed by human resources
What is directing?
Directing involves leading, influencing and motivating employees to perform the tasks assigned to them
What is controlling?
Controlling is the management function of monitoring organisational performance towards the attainment of organisational goals
What is coordination?
Coordination is the force that binds all the other functions of management. It is the common thread that runs through all activities
