Management

MR khan

Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively.

Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

Important Characteristics or Features of Management | Management

Management is goal oriented process:
Management is Pervasive:
Management is Multidimensional:
Management is a continuous process:
Management is a group activity:
Management is a dynamic function:
Intangible:
Composite process:

Objectives of Management

Optimum utilization of resources:
Growth and development of business:
Better quality goods:
Ensuring regular supply of goods:
Discipline and morale:
Mobilizing best talent:
Promotion of research and development:
Minimize the element of risk:

Functions of a Manager

Planning.

Organizing.

Staffing.

Directing/leading.

Coordinating.

Reporting.

Budgeting.

Controlling.

Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions. ... Planning is a process consisting of several steps.

Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives. The structure of the organization is the framework within which effort is coordinated.

Staffing is the basic function of management which involves that the manager is continuously engaged in performing the staffing function. They are actively associated with the recruitment, selection, training, and appraisal of his subordinates.

Directing function of management refers to the process of instructing, guiding, counselling, motivating and leading people in the organization to achieve its objectives. It is one of the key managerial functions performed by every manager.

Coordination is the function of management which ensures that different departments and groups work in sync. Therefore, there is unity of action among the employees, groups, and departments. It also brings harmony in carrying out the different tasks and activities to achieve the organization's objectives efficiently.

Control is a function of management which helps to check errors in order to take corrective actions. This is done to minimize deviation from standards and ensure that the stated goals of the organization are achieved in a desired manner.

Management by Objectives (MBO): Advantages and Limitations

Improved Performance:
Greater Sense of Identification:
Maximum Utilization of Human Resources:
No Role Ambiguity:
Improved Communication:
Improved Organizational Structure:
Device for Organizational Control:
Career Development of the Employees:

The goal of management training is to increase the productivity of all employees by motivating and educating managers. Working as a manager can be a challenging and exciting career and can be lucrative as you work your way up. Most management courses give you the opportunity to pursue your own interest.

Good” management is doing so in ways that benefit every aspect of a company, including the executives, the employees and the customers. Good management involves considering every employee as an individual and finding ways to maximize their potential by using their unique skills.

Getting Maximum Results with Minimum Efforts - The main objective of management is to secure maximum outputs with minimum efforts & resources. Management is basically concerned with thinking & utilizing human, material & financial resources in such a manner that would result in best combination.

Proper management makes group effort more effective. It enables the employees to move cooperatively and achieve goals in a coordinated manner. Management also creates teamwork and motivates employees to work harder and better by providing necessary guidance, counselling and effective leadership.

Types of management styles

Authoritative management style.
Persuasive management style.
Paternalistic management style.
Consultative management style.
Participative management style.
Collaborative management style.
Transformational management style.
Coaching management style.

The three levels of management typically found in an organization are low-level management, middle-level management, and top-level management.

Top-level managers are responsible for controlling and overseeing the entire organization.

Examples of Management Skills

Planning. Planning is a vital aspect within an organization. ...

Communication. Possessing great communication skills is crucial for a manager. ...

Decision-making. Another vital management skill is decision-making. ...

Delegation. Delegation is another key management skill. ...

Problem-solving. ...

Motivating.

The four primary functions of managers are planning, organizing, leading, and controlling. By using the four functions, managers work to increase the efficiency and effectiveness of their employees, processes, projects, and organizations as a whole.

6 Fundamentals of Business Management

People. Human resources are your company's greatest asset and how you lead, motivate and inspire your employees can have a huge impact on the success of your company.