What is Management?

According to F.W.Taylor-

Management is the art of knowing what you want to do and then seeing that it is done in the best and cheapest way.

OR

The art of getting things done through and with people. Management is work and as such, it has it’s –

  • Own Skills
  • Own tools
  • It’s own techniques

Features and Characteristics of Management –

  • Continuous and never-ending process.
  • The art of getting work done from people.
  • Group and not an individual activity.
  • Dynamic in nature.
  • Goal Oriented process.
  • It is intangible because presence can be felt.

It is comprised of the following function –

  1. Planning
  2. Organizing
  3. Staffing
  4. Directing
  5. Controlling and Coordination

Levels of Management –

Levels of management determines

  • A chain of commands.
  • The amount of authority and status.

enjoyed by a managerial person.

Types of levels of Management –

Top Level (President, Chairman, Vice-President)
  1. Lays down the objectives and broad policies of the enterprise.
  2. Appoints the executive for middle level.
  3. Controls and coordinates the activities of all departments.
  4. Provides guidance and direction.
  5. Responsible for maintaining a contact with outside world.
  6. Prepare strategic plans.
Middle Level (Branch Managers, Department Heads)
  1. Execute the plans of the organization in accordance with the policies made by top level.
  2. Make plans for sub units.
  3. Coordinate activities within the department.
  4. Sent reports and other data to top level management.
  5. Evaluate the performance of Junior Manager.
  6. Inspire lower level manager towards better performance.
Lower Level (Foremen and Supervisors)
  1. Classify and assign jobs to the worker.
  2. Direct and guide the workers about work procedures.
  3. Arrange necessary tools, equipment, and material for workers.
  4. Provide on the job training to workers.
  5. To build the morale of workers so that they can contribute their maximum effort.
  6. Solve the problem of workers and maintain good human relations.

Please click to redirect to the list of topics covered by us. Happy Reading!!

Like, subscribe or comment to share your feedback with us.

Leave a comment