2 SHIVA DELL UNIVERSITY SERIES Aanagement 1s prncally the tas of pling. cooing, mains and ‘cont the fort of thers cards spe abject.” James L Lundy (Charactristes of Management (0) Management is a goal oriented process. Management unites the ellos ‘of individuals inthe organisation towards achieving the organisational oaks (0) Management i all pervasive. Management f ried inal ypes of anisations~ Economic Socal o Pita (0) Management is multidimensional. It ha thee dimersons (0) Mlanyenent of sk 1 activities to be performed for achieving common goals (0) Management of pli nvials wo achieve those common gos (6) Management of operations Production proces involving fw of inputs and available technology to produce desired products or (6) Management isa continuous process. The proces of management isa Series of continuous, composite but separate futons which includes planning, organising. taping. directa contain. (©) Management is group activity. oragemen deals with 9 group of intra ith ile opis se neds, and coordinates their efforts n'a common dircton. (60) Management is a dynamic function It has to adapt itself to the ever. changing environment (ox) Management san intangible force hat cannot be see, buts presence am be felt nthe wa i fencon to ata he organisational goals, Objectices of Management |. Organisational Objectives (9 Survival Survival is the most important bjetve An organisation must am enough revenues to cover cos (0) Profit Mere survival snot enough. The management must ensure that {he organisation makes a profit I i essential fo cover cots as well a5 sks of business, {iy Growth business mst grow oinprove its prospects inthe long-run, 1, Social Objectives arenas ~ These involve creating economic value for varios constiuent of see Soi eects my nde (conservation of environment and natural resources (0 giving employment opportunities tothe dsdvantaged sections of society. (9 proving bse amenities Te schools and eee for employees ©) avoidance of antisocial and unfair trade proces. {0 conducting busines ina awl mariner 1k Personal of Individual Objectives. Organisations are made up of people qiho_ have ‘diferent personal backgrounds, experience and obetves Management should be able to recone personal goals with the orgaicational tects fr harmony in the orgnation ing in the organisation to a tre omovscnon Personal abjetves my inte: : (i) Good working conditions, or the work performed, re provision for social ecu PM (Jarre en ine Hep I a poop get Nog et thinddual one ny Peng common ditto (9 Inner ite seen ines cen staffing, directing and contealling, Planning, organising, (in Gets sui ogame Minagenen euthoes «ane cee eemerini Mownen ee» San (Ge) Helps in achieving personal objectives. Management helps individuals wes pea Sete Un enka geee nese ee Se ae nee mera ate Soda acne nama e at ae os Fae are eer ee el a ara ae errr rr ee a ee eee pea ee ee ee eee a eee ee ee ene Sere Smee es ee ee cies areas ee eed ee Senecio ees en ee Se eee toner ciareeaets et ea ee le en aos po ee os 0 RE ng mantle ie cept iy ‘evaluating the performance and if ed, applying corrected measures ‘so that the performance takes place according to plan.