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Question
Explain the concept of management.
Solution
The substance of management should be identified as a process. A process is something that what a person does in the context of his individual duties and responsibilities assigned by his or her immediate higher authority.
- There are twin purposes of the management process:
- Maximum productivity or profitability
- Maximum human welfare and satisfaction.
- There are five parts of management as a process:
- Co-ordination of resources: The manager of an enterprise must effectively coordinate all activities and resources of the organization, namely, men, machines, materials, and money, the four M’s of management.
- Management is a Process: The manager achieves proper coordination of resources by means of the managerial functions of planning, organizing, staffing, directing (or leading and motivating), and controlling.
- Management is a Purposive Process: It is directed toward the achievement of predetermined goals or objectives. Without an objective, we have no destination to reach or a path to follow to arrive at our destination, i.e., a goal, both management, and organization must be purposive or goal-oriented.
- Management is a Social Process: It is the art of getting things done through other people.
- Management is a Cyclical Process: It represents a planning-action-control-replanning cycle, i.e., an ongoing process to attain the planned goals.
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Read the following text and answer the following question on the basis of the same:
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The above line focus on which feature of management?
______ is used extensively for all types of activities and mainly for taking charge of different activities in any enterprise.
Match the CHARACTERISTICS of management in Column I with their correct EXPLANATIONS in Column II:
| Column I | Column II | ||
| (a) | Goal-oriented process | (i) | Management is a complex activity involving management of people, work and operations. |
| (b) | Group activity | (ii) | Some aims and objectives are the basic reason for existence of an organization. |
| (c) | Multidimensional | (iii) | Diverse individuals with different needs work together to fulfill the common organizational goal. |
Match the CHARACTERISTICS of management in Column I with their correct EXPLANATIONS in Column II :
| Column I | Column II | |
| (i) | Goal-oriented process | Management is a complex activity involving management of people, work and operations. |
| (ii) | Group activity | Some aims and objectives are the basic reason for existence of an organisation. |
| (iii) | Multi-dimensional | Diverse individuals with different needs work together to fulfill the common organisational goal. |
The management of a bag manufacturing company has recently changed. Due to this, an improvement can be felt in the way company functions. Now, targets are met according to plans, whereas, earlier deadlines were never given importance. Now there is orderliness, instead of chaos in the organisation and the employees are happy and satisfied.
From the following identify the characteristic of management which is highlighted in the above case:
| Monika, Rashmi and Garima are childhood friends. After completing their education, Monika joined a school as a teacher. Rashmi joined a firm as a Chartered Accountant and Garima as a General Manager in a Multi-National Company. After a long time in a re-union function of the school, they met each other. Rashmi said that they were all professionals now. Garima told Rashmi that she can say this about Monika and herself, but not about her since Manager is not considered a full-fledged professional. |
Why did Garima say that she was not a professional? State any three points in support of your answer.
