Saturday, 14 March 2020

Introduction to Management

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Introduction to Management


Management is the main aspect of working involved in a system & its involvement as art,
science, profession leads an effective role.
Management occupies such an important place in the modern world that the welfare of the
people and the destiny of the country are very much influenced by it.
Managers play a very significant role in the business world.
The various roles played by them in this regard are broadly grouped into three categories:
inter-personal roles, informational roles and decisional roles.
According to Fayol, managers perform five basic functions in order to achieve results.
Planning is the process of setting enterprise objectives and deciding the future courses of
action.
Organising is concerned with the determination of relationships among functions, jobs
and personnel.
Staffing is the function of hiring, training and developing suitable persons for the enterprise.
Directing tells people what to do and ensures that they do it to the best of their ability.
Controlling keeps the enterprise activities on the right path and aligned with plans and
goals.


Administration: It is a higher-level function concerned with the determination of policies.
Directing: It deals with the steps a manager takes (guiding, supervising, motivating, etc.) to get
subordinates and others to carry out plans.
Leadership: Influencing others to act toward the attainment of a goal.
Management: The art of getting things done.
Motivation: Any influence that brings out, directs, or maintains goal directed behaviour.
Organisation: Two or more persons engaged in a systematic effort to produce goods or services.
Organising: It is the process of creating a structure of relationships to enable employees to carry
out management's plans and meet its goals.

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