IAS (Admin.) Mains Psychology Work Psychology and Organisational Behaviour-Training and Human Resource Development Study Material (Page 2 of 14)
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Management: Importance and Areas of Management
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Importance of Management
It is required for
- For economic growth
- For stability
- To fulfill social obligations
- To achieve maximum result with minimum efforts
- For optimum resource utilization
- To achieve goals
Areas of Management
Management studies are broadly classified into five major areas:
- Production Management or Operation Management: Operations or production management is an area of business concerned with the production of goods and services, and involves the re…
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Management: Functions of Management
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Functions of Management
- Planning: It involves
- Forecasting
- Decision making
- Programming
- Scheduling
- Budgeting
- Problem solving
- Doing innovation research
- Doing investigation
- Organizing: In involves
- Functionalizing the organization
- Divisionalizing the organization
- Departmentalizing the organization
- Delegating work
- Decentralizing tasks
- Doing activity analysis
- Doing task allocation
- Staffing: It involves
- Manpower planning
- Manpower rec…
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