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IMPORTANCE OF THE MANAGEMENT
Realized by:
Larhouati Meryem
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Master1: EMI
PLAN What does management mean? Organizational Performance of the Management Objectives of Management Importance of Management What are functions of Management? What is the nature of management? Features of Management Management Skills Pyramid Types of Management Different Management Levels
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What does management mean?
Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected goals.
In other words, “Management is the process of planning, organizing, leading, and controlling the efforts of organization members and of using all other organizational resources to achieve stated organizational goals”. 3
Organizational Performance of the Management
Efficiency
•A measure of how well or how productively resources are used to achieve a goal
Effectivene
ss
•A measure of the appropriateness of the goals an organization is pursuing and the degree to which they are achieved.
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Objectives of Management
Getting Maximum Results with Minimum Efforts; Increasing the Efficiency of factors of Production; Maximum Prosperity for Employer & Employees; Human betterment & Social Justice;
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Importance of Management
It helps in Achieving Group Goals Establishes Equilibrium Establishes Sound Organization Reduces Costs Optimum Utilization of Resources Essentials for Prosperity of Society
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The process of management consists of certain basic management functions. The most commonly cited functions of management are planning, organizing, leading, and controlling.
The functions of management define the process of management as distinct from accounting, finance, marketing, and other business functions. The individual management functions are shown in the following figure:
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What are functions of Management?
What are functions of Management?
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What is the nature of management?
Various contributions to the field of management have changed its nature. The nature of management can be described as follows:◦ Multidisciplinary;◦ Management is dynamic;◦ Relative, Not Absolute Principles;◦ Management;◦ Management as Profession;◦ Management is Universal;
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Features of Management
Management is Goal-OrientedManagement integrates Human,
Physical and Financial ResourcesManagement is ContinuousManagement is all PervasiveManagement is a Group Activity
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Management Skills Pyramid
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To be successful, there are many skills a manager needs to master.
plan
Improve self
Developp staff
Get it done
organize direct control
success
motivation
Training coaching
involvment
Self managem
ent
Time managem
ent
Leader ship
Level 1
Level 2
Level 3
Top Level
Types of Management
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Democratic managementAutocratic managementLaissez-faire management
Paternalistic management
Different Management Levels
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