Aspect Of Management Essay

1.2 CHARACTERISTICS AND OBJECTIVES OF MANAGEMENT

The main features of an institution’s management are as follows:

• Management is a goal-oriented process

The goal of the management process is the fulfillment of the organization’s proposed goals, through the efficient use of the factors of production. All the actions undertaken by the manager, regardless of direction and manner of application, have their purpose in achieving the objectives set beforehand. Thus, for successful management, it is necessary to achieve the objectives within the set timeframe, while at the same time optimally using the resources at its disposal.

• Management is present in multiple domains

Management is not only used in commercial companies, but also in profit-making organizations, non-profit organizations, educational institutions, hospitals, or even individual dwellings. All of the above

Growing from the concept of general management, HRM has differentiated itself and become its own entity in the study of management. Human resource management is a relatively new, more modern term for what was previously classified as “staff management,” “industrial relations,” “employee development,” “employee management.” Which during the 1980s and 1990s brought significant changes in the field of management. HRM requires a comprehensive, global, interdisciplinary and professional approach for the treatment of personnel issues within an organization. Human Resource Management can be described as a strategic approach which is used to manage the most important resources in an organization – people. HRM is based on a set of principles, techniques, methods and tools for investigation and knowledge. It is beneficial to be carried out in correlation with the system of cultural values belonging to the respective firm. The management of people, in this context referring to employees, consists