Nature And Significance of Management
1) What do you mean by management? ans : Management has been defined as the art of getting things done through others. It refers to the process of planning, organizing, staffing, directing and controlling. According to Harold Koontz, " Management is the art of getting things done through other individual in formally organized groups" 2) What are the objectives of management? ans: The objectives of management are :- a) Goal oriented: The first function of management is planning, which help to determine the goal of an organization and other functions of management such as staffing, directing and controlling which help to achieve pre - determined goal . b) Reduce cost : The management help to reduce the cost by proper utilization of organizational resources such as man, material and money. Thus management help in reducing the cost . c) Effective motivation: In t...