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Yogita Ingle 5 years, 2 months ago
Nature of Management:
- Universal Process: Wherever there exists human pursuit, there exists management. Without effective management, the intentions of the organisation cannot be accomplished.
- The factor of Production: Equipped and experienced managers are necessary for the utilization of funds and labour.
- Goal-Oriented: The most significant aim of all management pursuit is to achieve the purposes of a firm. The aims must be practical and reachable.
- Supreme in Thought and Action: Managers set achievable goals and then direct execution on all aspects to achieve them. For this, they need complete assistance from middle and lower degrees of management.
- The system of Authority: Well-defined principles of regulation, the regulation of proper power and efficiency at all degrees of decision-making. This is important so that each self must perform what is required from him or her and to whom he must report.
- Profession: Managers require to control managerial expertise and education, and have to adhere to a verified law of demeanour and stay informed of their human and social responsibilities.
- Process: The management method incorporates a range of activities or services directed towards an object.
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Yogita Ingle 5 years, 2 months ago
Unorganised consumer groups - To protect their interests, consumers should create consumer groups and establish organisations and work towards ensuring their protection against any form of exploitation.
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Sia ? 5 years, 2 months ago
Delegation of Authority means division of authority and powers downwards to the subordinate. Delegation is about entrusting someone else to do parts of your job. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order to achieve effective results.
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Arnav Rathore 5 years, 2 months ago
Yogita Ingle 5 years, 2 months ago
According to Taylor, mental revolution means a complete transformation in the attitude between management and workers. Both should realize that they need each other.
Posted by Divya Singh 5 years, 2 months ago
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Yogita Ingle 5 years, 2 months ago
Nature of Management:
- Universal Process: Wherever there exists human pursuit, there exists management. Without effective management, the intentions of the organisation cannot be accomplished.
- The factor of Production: Equipped and experienced managers are necessary for the utilization of funds and labour.
- Goal-Oriented: The most significant aim of all management pursuit is to achieve the purposes of a firm. The aims must be practical and reachable.
- Supreme in Thought and Action: Managers set achievable goals and then direct execution on all aspects to achieve them. For this, they need complete assistance from middle and lower degrees of management.
- The system of Authority: Well-defined principles of regulation, the regulation of proper power and efficiency at all degrees of decision-making. This is important so that each self must perform what is required from him or her and to whom he must report.
- Profession: Managers require to control managerial expertise and education, and have to adhere to a verified law of demeanour and stay informed of their human and social responsibilities.
- Process: The management method incorporates a range of activities or services directed towards an object.
Posted by Durvesh Garg 5 years, 2 months ago
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Yogita Ingle 5 years, 2 months ago
It implies that there should be one head and one plan for a group of activities having the same objectives.
Two positive effects are:
(i) It ensures unity of action among various groups.
(ii) It helps in coordination.
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Mittali Khandelwal ????? 5 years, 2 months ago
1Thank You