This document provides an overview of the MG8591 Principles of Management course. It discusses the objectives, outcomes, and content covered in Unit 1 on the introduction to management and organizations. The key topics covered include the definition of management, the evolution of management approaches, types of business organizations, and the functional areas and core functions of management like planning, organizing, staffing, directing and controlling. The document aims to give students a foundational understanding of management as a discipline and practice.

1. MG8591 - Principles of Management
Unit I : INTRODUCTION TO MANAGEMENT AND
ORGANIZATIONS
Course Instructor
Dr.S.Lavanya, ASP
Department of Computer Science Engineering

2. Objectives of the lesson
1. The evolution of Management
2. The functions and principles of management
3. Learn the application of the principles in an organization

3. Outcomes of the lesson
1. will be able to have clear understanding of managerial functions
3

4. Unit I Introduction to Management and
Organizations
Definition of Management – Science or Art – Manager Vs
Entrepreneur – types of managers -managerial roles and skills –
Evolution of Management – Scientific, human relations, system and
contingency approaches – Types of Business organization – Sole
proprietorship, partnership, company-public and private sector
enterprises – Organization culture and Environment – Current
trends and issues in Management.

5. Definition of Management
• Management is a process of planning, decision
making, organizing, leading, motivation and controlling
the human resources, financial, physical, and
information resources of an organization to reach its
goals efficiently and effectively.
• Management involves coordinating and overseeing the
work activities of others so that their activities are
completed efficiently and effectively.

6. Nature and Characteristics of Management
Multidisciplinary
Continuous process
Universal activity
Science as Well as an Art
Dynamic and not Static
Profession
Group activity
Aims at obtaining wealthy resu
Skills and Experience in getti
things done through people
System of authority
Intangible
Good Leadership

7. Functional areas of Management
•Financial Management
•Human Resource Management
•Marketing Management
•Production Management
•Material Management
•Purchasing Management
•Maintenance Management
•Office Management

8. Objective of Management
•Getting maximum results with minimum efforts.
•Increasing the efficiency of factors of production
•Maximum prosperity for employer and employees
•Human betterment & Social Justice
•Reduces Cost
•Establishes Equilibrium
•Establishes Sound Organization

9. What Is Management?
•Managerial Concerns
•Efficiency
•“Doing things right”
•Getting the most output for the least inputs
•Effectiveness
•“Doing the right things”
•Attaining organizational goals

10. Effectiveness and Efficiency in
Management

11. Function of Management
• According to George & Jerry
• Planning, Organizing, Actuating, & Controlling
• According to Henry Fayol
• Plan, Organize, Command & Control
• Luther Gullick (POSDCORB)
• Planning, Organizing, Staffing, Direction, Coordinating , Reporting, &
Budgeting
• Koontz & O’DONNEL
• Planning, Organizing, Staffing, Directing, & Controlling

12. Function of Management
Controlling
Directing
Staffing
Organising
Planning

13. Planning
•What to Do? When to Do? How to Do? Who is to Do?
•The planning process involves the following activities
•Determination of the goal of the Organization
•Formulating policies, rules, procedures etc. for the organization
•Forecasting the future based on past and present activities

14. Organising
•Identification and analysis of activities required for the
attainment organisational objective
•Assignment of duties to the individuals concerned
•Follow up the activities

15. Staffing
•Selecting candidate for position
•Fixing salary
•Training
•Developing them for effective organization function
•Performance Appraisal
•Promotions & Transfer

16. Directing/Leading