NATURE AND CHARACTERISTICS OF MANAGEMENT
Management is required in all kinds of organisations whether they are manufacturing computers or handlooms, trading
Management been defined as "a process of getting things done with the aim of achieving goals effectively and efficiently "
This definition can be divided into 3 parts
Process in the definition means the
primary functions or activities that
management performs to get things
done. These functions are planning,
organising, staffing, directing and
effectively basically means finishing
the given task. Effectiveness in
management is concerned with doing
the right task, completing activities
and achieving goals.
Efficiency means doing the task
correctly and with minimum cost.