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Understanding Management Principles

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8 views1 page

Understanding Management Principles

Uploaded by

shornahasan241
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Management – Class Notes

Meaning of Management
Management is a goal-oriented and social process that involves the efficient and effective
use of organizational resources to achieve desired objectives. The aim of management is to
ensure optimal utilization of all resources.

Key Features of Management


 Goal-Oriented: All managerial activities work toward achieving organizational goals.
 Social Process: Management involves people working together in groups.
 Efficient: Using minimum resources such as time, cost, and effort.
 Effective: Achieving the actual desired results.
 Optimal Use of Resources: Balancing efficiency and effectiveness.

Resources in Management

1. Human Resources
 Managers
 Employees
 Supervisors
 Workforce

2. Non-Human Resources
 Machines
 Money
 Materials
 Buildings

Summary
Management is the process of coordinating human and non-human resources to achieve
organizational goals in the most efficient, effective, and optimal manner.

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