Objectives of Management

Securing maximum results using minimum efforts: Management is fundamentally concerned with using human, material and financial resources in the best manner possible which results in reduced costs. Hence, the main goal of management is using least efforts and resources in order to gain maximum outputs.

Increase the efficiency of factors of production: Reducing spoilage, wastage and breakages of any kind saves a lot of time, effort and money. This is needed for a company’s growth and prosperity. Hence, this can be achieved by increasing the efficiency of the various factors of production.

Maximum prosperity for Employer and Employees: Management must run the enterprise in a smooth and harmonized way. This benefits both the employee and the employer by offering the best working conditions, good wages, incentive plans and maximum profits for the employer.

Human betterment and Social Justice: Management ensures improved living standards for the society and also offers a fair dealing through its standardized policies. Hence, it is a means for encouraging the betterment of society.

Read the text №2: Management as an Activity

Management is just an activity that is carried out like we do other activities such as cooking, drinking and so on. The manager achieves the goals by giving proper direction to his employees.

“Management is what a manager does ”. - Koontz

Management involves the following activities:

Informal activities: To operate a business enterprise, the manager has to continuously give and also receive certain written or oral information. Hence, for an enterprise to function properly, it is important to establish a contact with your subordinates and your superiors too.

Decisional activities: Any kind of decisions taken are based on all kinds of managerial actions. Hence, this involves the managers to take various types of decisions as his decision acts as a foundation for other managers to act upon. For instance, the sales manager has to take a decision regarding the contents of media and advertising.

Inter-personal activities: Management involves utilizing people’s efforts for reaching its goals and hence, managers need to connect on a personal level and maintain cordial relations with their subordinates and superiors too. These inter-personal relations with their employees ensure that they resolve any issues, for instance, giving them bonuses.

Не нашли, что искали? Воспользуйтесь поиском: