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UNDERSTANDING MANAGEMENT

by Shruti Bhasin

Pages 2 and 3 of 60

UNDERSTANDING MANAGEMENT
"SUCCESS IN MANAGEMENT REQUIRES LEARNING AS FAST AS THE WORLD IS CHANGING."
WARREN BENNIS
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Meaning of Management
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Management is defined as a process of getting things done with the aim of achieving goals effectively and efficiently.
It is a process of designing and maintaining an environment in which individuals working in groups, can achieve selected objectives efficiently and effectively.
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FEATURES OF MANAGEMENT
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goal-oriented process
Pervasive
Multidimensional
continuous process
group activity
dynamic function
Intangible

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EFFICIENCY AND EFFECTIVENESS IN MANAGEMENT
LEVELS OF MANAGEMENT
The term “Levels of Management’ refers to a line of demarcation between various managerial positions in an organization. 
The level of management determines a chain of command, the amount of authority & status enjoyed by any managerial position.
NATURE OF MANAGEMENT
OBJECTIVES OF MANAGEMENT
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