Principles of Management Flashcards

What is management?

Answer: The art and science of getting the objectives of the organization accomplished through and with people.

Management is defined as the art and science of coordinating and overseeing the activities of others to achieve organizational objectives. It involves planning, organizing, leading, and controlling resources, particularly human resources, to effectively meet the goals of an organization.

What does administration primarily involve in the context of management?

Answer: The part of management focused on installing and carrying out procedures to implement programs and monitor progress.

Administration, in the context of management, primarily focuses on the operational aspects and execution of plans. It involves establishing and implementing procedures to carry out programs, monitor progress, and ensure that organizational activities are performed efficiently and effectively to achieve set objectives.

What are objectives in the context of an organization?

Answer: The aims, purposes, or goals that an organization wants to achieve over varying periods of time.

Objectives are the specific aims, purposes, or goals that an organization strives to achieve over various timeframes. They provide a clear direction for all organizational efforts, serving as targets against which performance can be measured and guiding decision-making and resource allocation.

What are the advantages of planning?

Answer: 1) It helps in achieving objectives. 2) Better utilization of resources. 3) Economy in operation. 4) Effective control. 5) Coordination.

Planning is a fundamental management function that offers several advantages. It helps in achieving objectives by setting a clear roadmap, ensures better utilization of resources by allocating them strategically, promotes economy in operation by minimizing waste, enables effective control through established benchmarks, and fosters coordination among different parts of the organization.

Which is NOT an advantage of objectives?

Answer: It creates unnecessary competition.

Objectives are designed to provide clear targets, direction, and motivation for employees, fostering a sense of purpose and improving performance. While healthy competition can sometimes arise, the primary purpose and advantage of well-defined objectives are not to create *unnecessary* competition, which can be counterproductive, but rather to align efforts and drive achievement.