Components of Management

Here are some components of management which describe the real position of management.


(i)  Goal formation:-  Management is important for making the goals for the organisation. Management has some defined goals before it to achieve. Goals are sets, considering the actions and reactions of the individual.

Managers framed the goals as per the organisation's needs and so that organisation can full fill their goals.


(ii)  Goal Accomplishment and evaluation:-  After framed the goals now evaluation of goals is an important component. Management also evaluates the effectiveness of goal accomplishment.


(iii)  Implementation:-  It means management put the goals into the action. All policies and programmes are implemented by management. Management finds out that the goals are effective or not.  So that organisation will achieve its goals effectively.


(iv)  Organisational activity:-  Management is a group activity. All the activities of the organisation are handled by the management. Management is to coordinate the actions and reactions of individuals.


(v)  Organizational survival:- Management makes the goals for organisational survival. Managers are expected to use the resources available to them, as efficiently as possible to guide the survival of an organisation in the competitive world.

For the future of the organisation, management makes changes in an organisation. The ability to forecast and adapt to change are also important components of management for organisational survival.

So, these are the components of management. 

Happy reading :)