Verma & Dr. V.K. Join courses with the best schedule and enjoy fun and interactive classes.Have a doubt at 3 am? Levels of Management (i) Top Management It consists of senior most executives who are usually referred to as the Chairman, Chief … Since management is a process of directing men, to perform a task, authority to accomplish the work from others is implied in the very concept of management.In every enterprise there are built-up levels of authority to decide, direct and control the business operations. Managers apply knowledge, experience and principles for getting the results. As a process management involves those techniques by which the managers co-ordinate the activities... 2. Please rate us to serve you better.Management is considered to be both an art and science. It is regarded as an art because managing requires certain skills which are the personal possession of the managers.Management is now recognised as a profession as it possesses all the attributes of profession. Since the boundaries of management are not exact as that of any other physical sciences,... 3. It is a process 2. The main features of profession are as follows: (1) Well-defined body of Knowledge: All the professions … For performing his functions effectively a manager requires knowledge, skill and practice. Your contact number is 9193010203.You bought a refrigerator two months ago from Mohan Sales, Ashok Vihar, Bangalore. concepts cleared in less than 3 steps.Watch lectures, practise questions and take tests on the go.Revise With the concepts to understand better.Introduction to Management and It’s Characteristics/Objectives,Coordination and Management in the Twenty-First Century,Fundamentals of Business Mathematics & Statistics,Fundamentals of Economics and Management – CMA,Coordination and Management in the The Twenty-First Century. Attainment of pre-determined objectives 5. Art as well as Science 2. The task of manager has been quite specialized. Universality of management 8. Features of Management – Art as well as Science, Management is an Activity, Management is a Continuous Process, Organised Activities, Decision-Making and a Few Others Feature # 1. These objectives are the final goals of an enterprise towards which all management activities have to be oriented.According to Theo Haimann: “Effective management is always management by objectives.” In the words of Terry “Effective management is extremely difficult to attain without definite objectives.” Hynes and Massie state “Management must be set objectives. Apply calls it “efforts of other people” Massie says it “co-operative group.” Management is used in reference to the efforts of the group because the goals and objectives of an enterprise can be easily and effectively attained by a group rather than an individual.Group efforts in management are always directed towards the achievement of some pre-determined objectives. A person can enter into a profession only after acquiring the required knowledge through the formal education system.
Agarwal Solutions,NCERT Solutions for Class 12 Business Studies,NCERT Solutions for Class 12 Business Studies Chapter 1 - Nature and Significance of Management,Lakhmir Singh & Manjit Kaur Class 8 Science,Lakhmir Singh & Manjit Kaur Solutions Class 9,Lakhmir Singh & Manjit Kaur Solutions Class 10,CBSE Previous Year Question Papers Class 10,CBSE Previous Year Question Papers Class 12,CBSE Class 12 Physics Question Paper 2019,CBSE Class 12 Chemistry Question Paper 2019,CBSE Class 12 Biology Question Paper 2019. 12 important characteristics of management 1. In other words, it seeks to harmonise the individual goals with organizational goals.Management is both a science and an art. Explain.“A successful enterprise has to achieve its goals effectively and efficiently.” Explain.The paper-seeming boy with rat’s eyes means.You are Vikram/Sonia, an electronics engineer who has recently returned from the U.S. and looking for a suitable job in the IT industry. It is called a social process since the efforts of human beings have to be directed, coordinated and regulated by management.Moreover, management has a social obligation to make optimum utilization of scarce resources for the benefit of the community at large.
It is a process: However, it is important to realise that these diverse individuals work together towards the achievement of the organisational goals. An essential aspect of management is to combine individual efforts and … The lowest level supervisor has also to perform the function of decision-making just like the top-level executives. These are- planning, organising, directing, staffing and controlling. This feature is not applicable to management as it is not mandatory for a manager to be a member of any Management Association.• Ethical code of conduct- every profession has to follow a strict code of conduct. Management is a Continuous Process 4.
I consider the criteria to be an important set of guidelines and an integral part of ADPRIMA. It is necessary to make a distinction between managerial skill and skill required for specialized jobs.Specialised knowledge and technical skill are essential for successful solution of any problem but basically such knowledge is not considered necessary for efficient management.
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