A Class notes for MBA- first year students, on principles of management in simple language,- Introduction of management, Scientific management(Taylor law). this blog guide the student to achieve your career, personality development and career,job related article.
The nature of management
has the following features.
Universal process: - Management is universal in nature;
it is applied in all types of process like commercial, social or political.
Management exists everywhere in universe. The basic principles of management
can be applied everywhere, whether they are business or non-business
Continuous Process: - Management is a never ending
process. Management is a continuous process because it always carries the past
decisions for the future course of action to achieve organization goals.
Multi-disciplinary method: - Management is
basically multi-disciplinary; it depends on the proper knowledge and skill of
various disciplines such as economics statistics, anthropology, psychology,
Group activity: - Management requires the use
of group-efforts to achieve their goal. Management is a vital part of group
activities. Management unites with their goal what they cannot achieve individually.
Intangible force: - Management is intangible.
It is an unseen force, but its presents seem in the form of results.
Social Management: - Management is a social
process in nature, it essentially involves managing people, it concern to developing,
retaining and motivating people at work place and also care of their satisfaction.
Coordinating force: - Management cannot do
anything by them. They should get their work done by organization’s member. In the
any organization, management coordinates the efforts of human recourse through orderly.
- Management is a goal oriented in nature. It works only to achieve particular
goal which decide by the organization.
Relative, not absolute principles: - Management
principles are relative not absolute, because they should be applied according
to need and condition of the organization.
An integrative method: - Management integrated the
living and non-living resources to achieve the desired goal.
post shared here are base on my study in case you find anything wrong and
missing points than please bring it to my notice.