Nature and Significance of Management

Nature and Significance of Management

1. Characteristics

   • Goal Oriented Process
   • All Pervasive
   • Multi-dimensional
     • Mgmt of Work
       • Enterprise Level
     • Mgmt of People
     • Mgmt of Operations
       • Specific at a much lower level
   • Continuous Process
   • A Group Activity
   • Dynamic
   • Intangible

2. Objectives

   • Organisational
   • Social
   • Personal

3. Importance

   • Helps achieve Group Goals
   • Increases Efficiency
   • Creates a Dynamic Organisation
   • Helps achieve Personal Goals
   • Helps Development of Society