#Identify and discuss each major dimension of the general environment and the task environment... The general environment is made up of three dimensions. The three dimensions are the economic dimension, the technological dimension, and the political-legal dimension. The economic dimension of an organization is the overall health of the economy in which the organization operates. Important economic factors for businesses include general economic growth, inflation, interest rates, and unemployment. The economic dimension is especially important because it influences how a business performs a poor economy has been known to wreck businesses. The technological dimension of the general environment is the changable envirnment which is technologically changed in the sorrounding condition.

#What are the four basic functions that make up the management process? How are they related to one another? The four basic functions that make up the management process are planning and decision making (determining courses of action), organizing (coordinating activities and resources), leading (motivating and managing people), and controlling (monitoring and evaluating activities) Using this order managers go from function to function however, most managers engage in more that one activity at a time and often interchange between activities in unpredictable ways.

2.Features of Management Management is an activity concerned with guiding human and physical resources such that organizational goals can be achieved. Nature of management can be highlighted as: - 1.Management is Goal-Oriented:The success of any managementactivity is assessed by its achievement of the predetermined goals or objective. Management is a purposeful activity. It is a tool which helps use of human & physical resources to fulfill the pre-determined goals. For example, the goal of an enterprise is maximum consumer satisfaction by producing quality goods and at reasonable prices. This can be achieved by employing efficient persons and making better use of scarce resources. 2.Management integrates Human, Physical and Financial Resources:In an organization, human beings work with non-human resources like machines. Materials, financial assets, buildings etc. Management integrates human efforts to those resources. It brings harmony among the human, physical and financial resources. 1.Management is Continuous:Management is an ongoing process. It involves continuous handling of problems and issues. It is concerned with identifying the problem and taking appropriate steps to solve it. E.g. the target of a company is maximum production. For achieving this target various policies have to be framed but this is not the end. Marketing and Advertising is also to be done. For this policies have to be again framed. Hence this is an ongoing process. 2.Management is all Pervasive:Management is required in all types of organizations whether it is political, social, cultural or business because it helps and directs various efforts towards adefinite purpose. Thus clubs, hospitals, political parties, colleges, hospitals, business firms all require management. When ever more than one person is engaged in working for a common goal, management is necessary. Whether it is a small business firm which may be engaged in trading or a large firm like Tata Iron & Steel, management is required everywhere irrespective of size or type of activity. 3.Management is a Group Activity:Management is very much less concerned with individual’s efforts. It is more concerned with groups. It involves the use of group effort to achieve predetermined goal of management of ABC & Co. is good refers to a group of persons managing the enterprise.

What is Management? Share 7 Managementis a universal phenomenon. It is a very popular and widely used term. All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According toHarold Koontz, “Management is an art of getting things done through and with thepeople in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment ofgroup goals”. According toF.W. Taylor, “Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way”. Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre - determined goals. It is the processof working with and through others to effectively achieve the goals of the organization, by efficiently using limited resources in the changing world. Of course, these goals may vary from one enterprise to another. E.g.: For one enterprise it may be launching of new products by conducting market surveys and for other it may be profit maximization by minimizing cost. Management involves creating an internal environment: - It is the management which puts into use the various factors of production. Therefore, it is the responsibility of management to create such conditions which are conducive to maximum efforts so that people are able to perform their task efficiently and effectively. It includes ensuring availability of raw materials, determination of wages and salaries, formulation of rules & regulations etc. Therefore, we can say that good management includes both being effective and efficient. Being effective means doing the appropriate task i.e, fitting the square pegs in square holes and round pegs in round holes. Being efficient means doing the task correctly, at least possible cost with minimum wastage of resources. Management can be defined in detail in following categories : 1.Management as a Process 2.Management as an Activity 3.Management as a Discipline 4.Management as a Group 5.Management as a Science 6.Management as an Art 7.Management as a Profession