Importance of management, You must have heard this management everywhere because without management any work is very impossible for us.
Management is not a thing to buy from, but We will first know that what is management, the function of management is an art or science, the Level, nature of management, management control, natural resource management, and management activities, etc.
The management you must have heard this everywhere because without management any work is very impossible for us.
Management is not a thing to buy from it,
It is used everywhere, be it sports itself, business or any big event, everywhere you contribute to ease your work through management,
Before that, I will also tell a small definition about one of my management.
By the way, many big Scientists, authors have given their different definitions, which is a capability in itself, which I will tell you below.
What is Management
① According to Frederick Winslow (F.W. Taylor):- Management is an art of knowing what to do when to do and seeing that it is done in the best and cheapest way
Frederick Winslow is also called the father of managementThat means, Management is an art, it is an art to know what to do, when to do it, and to see how to do it the best, they can give a product or output by making it cheaper and cheaper.
② According to Harold Koontz:- Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goalsThat means, Management is an art, whatever the work is, the work of things is to be finished, through whom – people who are formally organized work in groups. You can get work done by the management.
③ According to Henri Fayol:- To Manage is to forecast and to plan, to organize, to command, to coordinate, and to control.That means, To analyze, plan and organize things well means to use whatever raw material you have. You have to order or control each activity
Now let us explain a little in our own way What is management?
Management is an art, it is an art of skill that involves planning, organizing, staffing, direction, coordinating, and control to achieve the goal of the organizationThat means, By utilizing the function which is there in management, things have to be managed.
With this much definition, we can know what is management and now,
Function of management
The step involves the exact mapping of how to achieve a particular goal. for example, that the objective of the organization is to improve the sales of the company.
The manager must first decide what steps are necessary to achieve this goal. These steps can include increasing advertising, inventory, and sales staff.
After a plan is in place manager needs to organize her team and materials according to her plan. The allocation of work and the granting of authority are two important parts of the organization
When the manager plans and organizes, after that he may provide some training to the employees or if there is a new task, training can be given to the employees or if there is a need for more employees then appoint a new one.
Or do recruitment and selection. So that he can increase his sales further. So this whole process is called staffing function of management
And this is the staffing goal, it is manly of (Human Resource) HR Department, whichever big company it is, there is a separate HR Department in it, which does the work of recruitment, training, selection of function of human resource management Department.
What happens in directing is that we give direction, that is to work. In this plan organization, apart from the staff, the manager has to work more like,
we have to motivate them time, they have to do the curing, communicate or if there is any problem, then they have to be considered so that they are motivated and their activities are theirs.
He can give his maximum or he can give his best. We should coordinate with the employees,
the main job of directing is that we create a friendly nature with the employees. Communicate with them, give their problems or their bonuses so that the employees do better, we know all these things as directing.
Even after all this, the manager’s job is not finished. So the manager should keep checking that the goals we have set, the goals we have to achieve,
whether the work is being done according to it or not. How many tasks are being completed daily, whether progress is being made, it should be kept on track or if the work is not being done according to the rules, then why is it not being done.
They should be found out and then corrected. And they have to work through the process of management control
Importance of management
By the way, you can give importance to them from many things,
But I am going to tell you Six ways, which will come in the importance of management.
- Optimum utilization of Resources
- Facilitate good communication
- Reduces Costs
- Creates a dynamic Organization
- Helps in the development of Society
- Helps in Achieving personal objectives
① Optimum utilization of Resources
The management foresees the maximum use of resources by selecting the best possible alternative use calls on experts, professionals and this leads to use their skills, knowledge and correct use and to avoid waste
② Facilitate good communication
Management through good direction helps in creating two-way channels of communication between leaders and subordinate employees who can express themselves as productive and motivated
③ Reduces Costs
Managements Helps achieve optimal results with minimal inputs. management uses all resources in their best combination, which helps to reduce costs.
④ Creates a dynamic Organization
An organization must change itself with the changing environment. in order to be successful, for example, to survive in the Indian market MC Donald, a leader of fast foods made major changes in its menu.
⑤ Helps in the development of Society
Management plays an important role in the well-being of the company. for example, providing better quality goods and services, creating employment opportunities, etc.
⑥ Helps in Achieving personal objectives
Management does not help in achieving organizational objectives but also the personal objectives of the employees, with the help of self-motivation and leadership techniques.
management helps individuals to develop the spirit of cooperation and team spirit that helps them to achieve personal goals as well
Levels Of Management
It has three levels which I will tell you by describing
- Board of Directors
- Managing Director
- General Manager
- Branch Manager
- Production Manager
- Marketing Manager
- Finance Manager
- Personal Manager
- Office Superintendents
- Departmental Heads
Functions and Responsibility of levels of Management
① Resposibility of Top Level Management
Goals and Policies, Planning and Coordinating, It appoints the executive for Middle level
Responsible towards the share holders for the perfomance of theenterprise.Accountable to: Stakeholders and the general public
② Resposibility of Middle Management
The Branch Managers and Departental managers organizational and Directional Managerial function and implementation of policies and plans from top level management to lower level and participate in employment and training of lower level management.Accountable to: Top- Level Management
③ Responsibility of Lower Management (Operative-Level)
It Consists of Supervisors, foreman, section officers superitendent etc. Assigning and Distribute jobs and responsibilities to a variety of workers. Responsible for the Qualityas well as quantity of Production. They helps to solve the grievances of the workers
They arrange necessary materials, machines, tools etc for the things done.Accountable to: Responsible for the quality and the amount of products
- Technical Skill
The technical skill necessary for a manager in handling methods process properly.
It is essential for a manager to know which technical skill should be employed in a particular work.
Technical skill Is essential for a lower-level management
- Conceptual Skills
Conceptual skills are needed to recognize the interrelationship between different business functions and external forces and to effectively guide organizational efforts
Conceptual skill is essential for higher-level management to include decision-making skills and organizational skills
- Human Relation Skills
Rewards, praise or Punishment, threat, etc,
5 M of Management
Nature of management
- Management is an art or science
- Management is a multi disciplinary descipline
- Management is intangible
- Management is pervasive at all levels
- It is an environment oriented activity
- Management is optimally utilising the resources
① Management is an art or science
A people requires knowledge of management principles – Science
And the skills of how the knowledge can be utilized – ArtManagement is an art or science a pearl of wisdom We view wisdom, through the nature of coffers, because it has a systematized body of knowledge that contains certain universal trueness.
② Management is a multi disciplinary descipline
Its principles, principles and concepts are based on other disciplines
These subjects include economics, sociology, psychology, mathematics, information technology, etc.
③ Management is intangible
It can not be touched or seen but its actuality or its in- actuality can be felt
④ Management is pervasive at all levels
Every director at top, middle or administrative situations perform some directorial function and conditioning activities.
⑤ It is an environment oriented activity
The external environment affects an organization to great extent,
Accordingly internal environment of the organization needs to be managed
⑥ Management is optimally utilising the resources
Physical, Financial, and informational resources must be optimally utilized
Management control means dimension and control is the process of gathering and feeding aft information about Performance.
Decision-makers results with planned and decide what to do about the problem
Management Control System
It is a logical integration of management tools for collecting and reporting data and assessing performance
A system that collects and uses the information to estimate the performance of different organizational coffers similar as a mortal, physical, fiscal, etc., and the association as a whole given organizational strategies.
In short, an operation Management Control System is defined as”a set of programs and procedures aimed at maintaining operations according to plan”
Boundaries of Management Control
- Strategic Planning
a decision-making process on the organization’s goals and strategies to achieve those goals
- Task Control
The process to ensure that specified tasks are performed effectively and efficiently
- Manangement Control
The process by which the director influences other members of the association to apply the association’s strategy
If you want to become a manager, then a question will come to your mind that what are management activities?
- Planning and decesion making
- Controlling Montoring and Evaluating activities
- Organizing Coordination of activities and Resources
- Leading Mananging and motivating people
FAQ [Frequently Asked Question about eCommerce]
What is management in simple words?
Management is an art, it is an art of skill that involves planning, organizing, staffing, direction, coordinating, and control to achieve the goal of the organization
What are the 5 basic management functions?
What is the importance of management?
Six ways, which will come in the importance of management.
What is nature and importance of management?
It is an environment-oriented activity
Management is optimally utilizing the resources
What are the 3 types of control?
1. Strategic plan
2. Task Control
3. Management Control
What are management activities?
you want to become a manager, then a question will come to your mind that what are management activities that are Planning and Decision making
Why is management is an art or science?
Management is an art or science a pearl of wisdom We view wisdom, through the nature of coffers, because it has a systematized body of knowledge that contains certain universal trueness.
What are the 3 levels of management?
Goals and Policies, Planning and Coordinating, It appoints the executive for Middle level Responsible towards the shareholders for the performance of the enterprise
What are the 5 M’s of management?
- The Most Important Features of Management | 7 Characteristics of Management
- Scope of ebusiness | Features of e business
- Most Important Features of eCommerce
- Future Scope of ecommerce | functions of e commerce
- 10 Easy Steps to Start Your E Commerce Framework Business
- [Best] 10 Ways Improves the flow of business ideas With Low Investment
Summary & Conclusion
Management is not a thing to buy from It is used everywhere, be it sports itself, business or any big event, everywhere you contribute to ease your work through management,
That means, By utilizing the function which is there in management, things have to be managed.
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