Introduction
This chapter explores the concept of management and its critical role in organizations. It outlines the key characteristics of management, highlighting its cyclical nature, universality across organizations, and goal-oriented approach. The chapter emphasizes the importance of both effectiveness (achieving goals) and efficiency (using resources wisely). It also touches on the social responsibility aspect of management decisions.
Delving deeper, the chapter discusses the three aspects of management: art, science, and profession. Management is seen as an art due to the creativity and judgment involved in decision-making. Scientific principles and techniques also play a role, making management a science. Finally, the development of management as a specialized field with its own ethics and standards underscores its professional nature.
The core functions of management are then explained: planning (setting goals and strategies), organizing (structuring the organization), staffing (managing human resources), directing (motivating and leading employees), and controlling (monitoring progress and taking corrective actions).
The chapter concludes by underlining the significance of coordination, ensuring all management functions work together smoothly. It acknowledges the challenges of achieving effective coordination within organizations.
Chapter Weightage - 07 Score
Study Notes - English
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Online Test
Prakash Kollam | Unit Test
Binoy George | Online Test | Test 2
Anfas Thrissur | Online Test
Mujeeb Rahman Palakkad | Online Test
Vijesh Kasargod | Online Test
Prakash PN Kollam Test 1 | Test 2 | Test 3 | Test 4
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