Importance Of Management

S.S.T. College of Arts & Commerce S.Y.BMS [2008-09]

Meaning & Importance of Management

no.

Name of Students Nishant A. Menon

01 Shashank P. Satoskar 02 04

Rohan S. Dhopawkar Rohan A. Goyal

05 06

Fatima R. Sayed Sandip A. Ghodeswar

07

Roll

Contents Introduction  Objectives of Management  Characteristics of Management  Importance of Management  Levels of Management  Essential Elements of Management Process 

Introduction Whenever two or more persons come together to achieve a predetermined common purpose, organization and management become necessary. According to Harold Koontz, ‘‘Management is an art of getting things done through and with people in formally organised groups.’’

Objectives of Management Survival  Growth  Profit Maximization  Social Responsibilities 

Characteristics Management  Management  Management  Management  Management  Management  Management  Management objectives 

is a process is a social process is action based is group activity aims at coordination of activities is innovative has vast scope aims at achieving predetermined

Importance of Management Optimum use of resources  Motivates employees  Expansion of business  Team spirit  Effective use of managers  Smooth functioning 

Levels of Management Board of Directors/ Chief Executive/ General Manager Departmental Heads/ Junior Executives Foremen/ First Line Supervisors

Essential Elements of Management Process

Webiology

wikipedia.com  “The Management Theory Jungle” - Journal of Academy of Management Dec. 1961, p. 174  “Principles of Management” – N. G. Kale, M. Ahmed 

Acknowledgement we are very thankful to Prof. Bharti m’am for giving us this brilliant opportunity and to encourage us, this project has polished our skills and helped us to gain confidence.

Thank You