Management- Principles and Importance

Want to be a manager and excel in the career? The main objective of management studies is leading students of Best BBA College in Jaipur towards innovation and creativity. As a unique discipline, management has its tools, skill and techniques for achieving the goals. What is Management? Management is outcome-oriented. He emphasized that manager should have technical as well as conceptual skills. Students of Best BBA College in Jaipur are taught about the basic principles of Management like- Division of work: Division of work makes a man specialist. The reason is that division of work helps to specialise is an activity which enhances the output. Authority and responsibility: Management is getting things done by others. A superior gives direction to his sub-ordinates to perform the job. In such a situation, the supervisor exercises his authority. Authority is closely associated with responsibility. Responsibility is increased whenever authority is exercised. Unity of command and direction: A subordinate has only one superior. A manager is expected to look after all the activities of a particular group. Equity: Equity refers to a combination of fairness, kindness and justice. All the employees of the organisation are treated equally by the managers. The application of equity requires wisdom and experience of managers. Functions of Management- Management in some form or another, as taught in the Best BBA College in Jaipur, is an integral part of living and is essential wherever human efforts are to be undertaken to achieve desired objectives. Management is a set of principles relating to the functions of planning, organizing, directing, and controlling, and the applications of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals. There are basically five primary functions of management. They are- Planning, Organizing, Staffing, Directing and Controlling. Significance of Management in an organisation- Helps in achieving group goals: Effective management provides for a common direction to individual efforts and guides them towards achieving the overall goals of an organisation. Increases efficiency: Efficiency reduces costs and increases productivity in all the spheres of an organisation's work. Creates a dynamic organisation: Management helps its employees in adapting to change so that the organisation continues to maintain its competitive edge. Students are taught about basics of management which helps in creating a suitable external environment.