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Management-and-entrepreneurship-10AL61--->View question


Asked On2017-05-20 08:49:30 by:scribed

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Ans: Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning,organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcingencompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others.

1. Management is a group activity: -. As no individual can satisfy all his desires himself, he units with his distinguished group to achieve what he cannot achieve individually.

2. Management is goal-oriented: - Management aims to achieve economic and social objective. It exists to achieve some definite goals or objectives. Group efforts in management are always directed toward the achievement of some pre-determined goals.

3. Management is a factor of production: - Management is anuran end in itself but a means to achieve the group objectives. Just as land, labor and capital are factor of production and are essential for the production of goods and services.

4. Management is universal in character: - Management is applicable in all types of organization. Whenever there is human activity, there is management. The basis principle of management are universal application and can be applied in all organization whenever they are business, social, religious, cultural, sport, educational, politics or military

5. Management is needed at all levels of the organization: - Another important feature of management is that it is needed at all levels of the organization, e.g. top level, middle level and supervisory level. The only difference is of the nature of task and the scope of authority. 


Answerd on:2015-12-02 Answerd By:neenu2

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