Based on the value-system and socio-cultural and academic background of the management, as additionally environmental constraints, organizational objectives may be within the areas of (a) maximization of profit or minimization of loss; (b) attaining an awe-inspiring market standing; (c) bettering employee productivity; (d) manufacturing of latest services and products; (e) acquisition of bodily and financial resources; (f) delivering superior managerial efficiency; and (g) discharge of group obligations and social responsibility. Pursuit of organizational goal requires management to manage efficiency by human and material assets in order to make sure that it’s adequate or that one thing is being accomplished to improve it.
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The assets (men and cash) of an organisation should be used to one of the best benefits of the organisation and the goals to be achieved. The management operate of anybody alone can’t produce any leads to the absence of any other basic features of Management. So, administration is a continuous course of.
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On the face of it, the objectives sought to be accomplished are these of the group, but these aims are decided by the people who create the organization, and handle and management its affairs to accomplish them. For an effective efficiency of an organized activity administration is essential.
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It is an ongoing strategy of planning the activities and execution of plans by way of organising, staffing, directing and controlling. Management having particular expertise activates it for reaching the aims of the organisation, making the organisation worthwhile, keeping the organisation going , its easy running, making the organisation profitable, getting the appropriate sort of people to execute the operations is the significant facet of management. Perfection in this talent can be achieved only after practice, known as as experience. There is a great demand for skilled and experienced managers.
There is the requirement of continuous effort to achieve the organizational objectives; due to this fact, administration is a steady process. Achievement of particular objectives is very important function of the management.