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…

… (215 more words) …

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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…

… (65 more words) …

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