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content/uninotes/pbm-dcm1110-unit1/self.md

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+draft = false
+semester = ['S1']
+subjectcode = ['PBM DCM1110']
+unit = 'Unit 1'
+notecategory = 'Self'
+title = 'Unit 1'
+toc = true
+weight = 1
+url = '/uninotes/s1/pbm-dcm1110/unit1/self/'
+uniturl = '/uninotes/s1/pbm-dcm1110/unit1/'
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+
+### ***April 5, 2026***
+
+## Characteristics of Management
+
+A) Goal Oriented.  
+B) Pervasive.  
+C) Multidimentional:  
+         (i) Management of People.  
+         (ii) Management of Operations.   
+D) Continuous.  
+E) Dynamic.  
+F) Group Activity.  
+G) Intangible.
+
+## Functions of Management
+
+A) Planning.  
+B) Organising.  
+C) Staffing.  
+D) Directing.  
+E) Controlling.
+
+### A) Planning
+
+1. Determine the goals or mission of the organisation.
+2. Forecast future conditions.
+3. Select the best course of action.
+4. Formulate policies, procedures, budgets.
+
+### B) Organising
+
+1. Identify and analyse activities required to be operated on.
+2. Group similar activities.
+3. Assign duties to individuals.
+4. Delegate authority and responsibility to the individuals in managerial roles.
+5. Establish and announce clear authority relationships to ensure coordination and control.
+
+### C) Staffing
+
+1. Recruitment and selection.
+2. Training.
+3. Performance appraisal.
+
+### D) Directing
+
+1. Leadership and supervision.
+2. Motivation.
+3. Communication.
+
+### E) Controlling
+
+1. Establish performance standards.
+2. Measure performance.
+3. Compare performance with the standards.
+4. Identify reasons for deviations.
+5. Implement corrective actions.
+6. Use feedback to evaluate performance improvement.
+
+## Significance of Management
+
+A) Optimum unilization of resources.  
+B) Minimisation of costs.  
+C) Achievement of group goals.  
+D) Organisational stability.  
+
+* Management depends on Effectiveness and Efficiency.
+
+## Scope of Management
+
+A) Production Management.  
+B) Personal Management.  
+C) Marketing Management.  
+D) Financial Management.