Management:-Features
Defintion:
} Management
is an organ; organs can be described and defined only through their functions.”
Peter F. Drucker
Features of Management:
} Management aims at maximising profits
} Decision making
} Management is a profession
} Universal application
} Management is getting thing done
} Management as a class or a team
} Management is a career
} Direction and control
} Dynamic
} Management is needed at all levels
} Leadership quality
Management aims at maximising profits:
Ø Management aims to utilise the available resources
properly to get desired results.
Ø The results should be maximising profit or increasing
profits by the economic function of the manager.
Decision Making:
Ø Management
needs to take number of decisions everyday.
Ø Decision making arises only when there are alternative
courses of action.
Management
is a Profession:
Ø Management
possesses all the qualities of a
profession .
Ø A fund of
knowledge is imparted and transferred and the same is followed by management.
Universal
application:
Ø The principles and practices of management are
applicable not to any particular industry alone but applicable to every type of
industry.
Ø The practice of
management is different from one organisation to another according as to its
nature.
Management
is getting things done:
Ø A Manager does not actually perform the work but he
gets things done by others.
Ø According to Knootz and O’Donnel “Management is the
art of getting things done by through and with people in formally organised groups.
Management
as a team:
Ø A team may be defined as a group of people having
homogenous characteristics to achieve common objectives.
Ø Ex.Engineers and Doctors are grouped as a class.
Management
as a career:
Management is developed as a career focussed on
certain specialisation.
Area of the specialisation of Management
Ø Financial
management
Ø Cash management
Ø Marketing
management
Ø Personnel
management
Ø Industrial
management
Ø Business
management
Direction
& Control:
A manager can
Ø direct the sub-ordinates in the performance of a work
Ø control them whenever necessary
Ø direction and control deals with the activities of
human effects
Dynamic:
Ø The management is not static.
Ø In the fast developing
business world new techniques are
developed and adopted by the management .
Ø It is changes
according to the social change
Management
is needed at all levels:
Ø The functions of management are common to all levels
of organisation.
Ø The top executives perform the functions of planning,
organising, directing, controlling, and decision making .
Ø The same functions are also performed by the lower
level supervisor.
Leadership
quality:
Ø Leadership quality is developed in the person who is
working in the top level management.0
Ø According to
R.C Davis ,” Management is the function of executive leadership everywhere”.
No comments:
Post a Comment