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16 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Management |
Management is the process of getting things done with the aim of achieving the goals effectively and efficiently. |
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Process |
Process in the above definition refers to the first and foremost function which has to be done. Management is a process or because it involves a serious of interrelated functions such as planning organising staffing directing and controlling. |
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Effectiveness |
Effectiveness in management is concerned with doing the right task and achieving the goals within time. Being effective or doing things effectively basically means finishing the given task irrespective of fact how they are achieved. |
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Efficiency |
Efficiency means doing the task correctly with minimum cost. |
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Characteristics of Management |
Management is goal oriented process, management is all pervasive, management is multidimensional, management it is a continuous process, management is a group activity, management is a dynamic function, management is an intangible force. |
GPMCGDI |
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Objectives of Management |
Organisational objectives, social objectives and personal objectives |
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Importance of Management |
Management helps in achieving group goals, management increase efficiency, management creates a dynamic organisation, management helps in achieving personal objectives, management helps in in development of the society. |
AICAD |
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Features of science vs management |
Specified body of knowledge, Principles based on observation and experiments and Universal validity |
SPU |
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Features of art vs management |
Existence of theoretical knowledge, Personalised application and Based on practice and creativity |
EPB |
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Features of profession vs management |
Well defined body of knowledge, restricted entry, professional Association, ethical code of conduct and service motive. |
WRPES |
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levels of Management |
Top level management - 4 middle level management - 5 and supervisory or operational or lower level management - 5 |
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Functions of Management |
Planning, organising, staffing, directing and controlling |
POSDC |
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co-ordination |
The process by which a manager synchronises the activities of different departments is known as co-ordination. Coordination is the force that binds the other functions of Management. |
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Coordination essence of management |
Coordination is needed in all management functions and coordination is needed at all levels. |
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Nature features characteristics of coordination |
Co-ordination integrates group efforts, coordination ensures unity of action, coordination is an all pervasive function, co-ordination is the responsibility of all managers and coordination is a deliberate function |
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Importance of coordination |
Growth in size, functional differentiation and specialisation |
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