Management

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Concept of Management

Management is an activity which is necessary wherever there is group of people working in an organisation . Management can be described as a process of getting things done with the aim of achieving goals efficiently and effectively.

Process

Process in terms of management means the simple and primary functions that management performs to get things done in one organization.

Effectiveness

Effectiveness in management is about deciding and doing thr right task, completing the activities and achieving the goals.

Efficiency

Efficiency means doing the task correctly and with minimum cost.

Function of Management

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1. Planning
   Planning can be defined as setting th objectives for a given period of time and calculating various action of courses to achieve then selecting the best possible from among the various courses of action which are available.

2. Organising
   Organising in management means assigning duties, grouping tasks, establishing authority and allocating resources required to carry out a specific plan.

3. Staffing
   Staffing function of management is about obtaining, utilising and maintaining a satisfactory workforce.

4. Directing
   Directing involves leading, influencing and motivating employees to perform certain task given to them.

5. Controlling
   Controlling function us monitoring the performance in organisation towards attaining the goals of the organisation.

Importance of management

1. Management helps in achieving group goals.

2. Management increases efficiency.

3. Management creates a dynamic organisation.

4. Management helps in achieving personal objectives.

5. Management helps in the development of society.

Levels of Management

The authority and responsibility relationship combines thr individuals and superiors and gives rise to different level of management in a organisation.

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1. Top level management

• Chief Operating officer
• Chief marketing officer
• Managing director
• President
• Chief executive officer
• Chief finance officer
• Chairman
• Vice president

2.Middle level management

• Production manager
• Finance manager
• Marketing manager
• Human resource manager

3.Supervisory or operational management
Foreman and supervisor comprise the lower level in the organisation hierarchy.