Define Management. What are the objectives of management?
Management is the art of getting things done through people in order to accomplish objectives of organization. This definition is traditional and management is more than getting things done through others but by satisfying their needs, creating environment of work and providing opportunities for growth and development. According to Koontz "Management is the art of getting things done through and with people in formally organized groups".
OBJECTIVES OF MANAGEMENT:
(i) To accomplish goals of organization,
(ii) To optimize efficiency of people and organization,
(iii) To control wastages and achieve best possible for a society as a whole,
(iv) To provide opportunity to people for betterment and improvement in quality of life,
(v) To forecast the product, sales and continuous improvement is quality,
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