As pointed out by H.G. Nature of management is all pervasive activity,which is required in all organizations regardless of the position or nature of the organization.It is essential element in all enterprises. Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc. Nature of Organisation • Whole is more than sum of parts • Division of work, authority and responsibility • Orientation towards goals harmony of individual goals with organization • Division of labor and specialization • Selection of appropriate individuals for the tasks • Composition of individuals and groups ORGANISING – nature and purpose – Formal and Informal Organisation – Organisation chart – structure and process – Departmentation by difference strategies – Line and staff authority – Benefits and limitation – Decentralsation and delegation of authority – staffing – selection process – Techniques – HRD – Managerial Effectiveness. That purpose is often referred to as the mission. All of the people in an organization should be working toward a common purpose. And employees of the organization should find the Purpose inspirational and motivational. The main purpose of control is to see that the activity is achieving the desired results. An organization is generally established with a goal in mind, and this goal defines the purpose for its existence. NATURE OF MANAGEMENT 1.0 Objectives 1.1 Introduction 1.2 Management: Meaning and Definition 1.3 Nature of Management 1.4 Importance of Management 1.5 Functions of Management 1.6 Management as an Art, a Science and a Profession 1.7 Levels of Management 1.8 Managerial Skills 1.9 Distinguish between Management, Organization Providing information to the management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making. Organization's Purpose and Priorities Mission. The purpose of an organization is to accomplish the goals and objectives as indicated within the organization's vision statement. The nature of planning can be understood by examining its four major aspects. Organizations must be clear on their Purpose. Hicks, The process of … All of the work carried out by the organization revolves around this particular goal, and it has to align its internal resources and external environment in a way that the goal is achieved in rational expected time. The mission might be implied to its members or explicitly expressed to them. UNIT 3. 8. Businesses exist to make a profit. Coordinates the Activities: Coordination is an important factor for the smooth functioning of an organization. An organized enterprise exists to accomplish group objectives through willing and purposeful co-operation. But they also exist to make a difference. “the scope, extent and importance of the nature of planning tend to decrease as we descend toward the lower levels of management and approach the point of execution of the plan”. 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