Organizational Management
“Management is about making plans and implements them effectively.”
“Management is a process of getting activities completed effectively and efficiently with and through other people.”
“Management is doing things efficiently and effectively.”
Efficiency:
Efficiency is to get maximum output from minimum input.
OR
It is to get maximum profit from minimum resources.
Effectively:
Effectiveness means goal attainment and doing right things at the right time.
* Minimum resource utilization
* Vital part of management
* Goal/Objects Attainment and goals should be achievable.
* Management should be efficient as well as effective.
* A person can be efficient without being effective. He may get the things done with minimum sources but as far objective isn’t met it’s not effective.
Need / Importance of Management
Good Management is required for:
- Optimum utilization of resources (Cost competitiveness)
- Motivates personnel (Effectively utilize human resource)
- Facilitates innovation (Explore opportunities)
- Improve Efficiency (get the things fast or efficiently and effectively)
- Competitive Advantage (Survive and win over competitors)
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