Nature and Significance of Management

Management:

It can be defined as the process of getting things done with the aim of
achieving organizational goals effectively and efficiently

Process:

The term process refers to the primary activities performed in an

organization by the management to achieve the objectives.

Efficient:

The term efficient means completing the task within minimum cost as well
as optimum utilization of resources

Characteristics of management:

✗ Management is a goal oriented process:

An organisation has a set

•Management is all pervasive.

•Management is multi dimensional.

•Management is a continuous process:

•Management is a group activity.

•Management is a dynamic function.

•Management is an intangible force.