1.

Management refers to the process of conducting a set of functions

(Planning,Organising,Staffing,Directing and Controlling) to get the work
done in an efficient and effective manner.
2. Efficiency refers to do the job in a cost effective manner.
3. Effectiveness refers to complete the job on time, no matter whatever is the
cost.
4. Management is multi-dimensional
a. Management of work-Every organisation is established for doing
some work, like a school provides education, a hospital treats patients
and a factory produces goods. None of these works can be completed
without management.
b. Management of people-Each organisation is established for doing
some work and the same is conducted by people. Hence. it is
necessary to manage the people so that the work can be accomplished
in a better way.
c. Management of operations-To achieve the goals of an organisation
many operations or activities are needed to be conducted such as
production,sale,finance,R&D etc.Management is needed to make sure
that operations are accomplished efficiently and effectively.