Professional Documents
Culture Documents
1. DEFINITION OF MANAGEMENT.
"Management is defined as the creation and maintenance of an internal environment in an
enterprise where individuals working together in groups can perform efficiently and effectively
towards the attainment of group goals". Koontz and O’Donnell.
2. WHAT IS ADMINISTRATION?
Administration refers to the higher and policy determining levels. Administration is concerned
with the determination of overall corporate objectives, policies and master strategies. It
concentrates on the co-ordination of finance production and distribution. Administration
determines the corporate organization climate and structure and it acts as the central controlling
authority in the organization. Administration is represented by top management.
6. Define Objectives
Objective (or) goals are the ends towards which activity is aimed.
7. List out types of objectives ?
1. long term objectives
2. Short term objectives
3. Quantitative and objectives
4. verifiable and non verifiable objectives.
8. Define Authority.
Authority in organization is the right in a position to exercise discretion in making
decisions affecting others. It is, of course, one type of power, but power in an organization
setting.