This document discusses key concepts and fundamentals of management. It defines management as coordinating resources to achieve organizational goals, and describes it as both an art and a science. The main functions of management are identified as planning, organizing, staffing, directing, and controlling. Different levels of management are also outlined, including top management, middle management, and first-level management. The importance of management is noted as effective utilization of resources, development of resources, incorporating innovations, integrating various interest groups, and providing stability in society.
2. Contents
WHAT IS MANAGEMENT?
CONCEPT OF MANAGEMENT
DEFINITION-MANAGEMENT
IMPORTANCE OF MANAGEMENT
3. Two or more people who work together in a
structuredway to achieve a specific goal or set
of goals.
Management is the process of administering
and coordinating resources effectively and
efficiently in an effort to achieve the goals of
the organization.
MANAGEMENT
4. CONCEPT OF MANAGEMENT
The term management is used in three alternative
ways:
Management as a discipline,
Management as a group of people,
Management as a process.
5. WHAT IS MANAGEMENT?
1.Field of Study -Management principles,
techniques, functions, etc-Profession
2.Team or Class of people-Individual who
performs managerial activities or may be a
group of persons
3.Process-Managerial activities -planning,
organizing, staffing, directing, controlling.
6. DEFINITION-MANAGEMENT
“Art of knowing what you want to do and then
seeing that it is done the best and cheapest way”.
F.W. Taylor
“To Manage is to forecast, to plan, to organise, to
command, to co-ordinate and to control”. Henry
Fayol
”Management is work and as such it has its own
skills, its own tools and its own techniques”.•
“Management is the art of getting things done
through and with people”.
Peter F.Drucker
7. MANGEMENT IS AN ART AND SCIENCE
Art
• Practical know how
• Technical skills
• Concrete results
• Personalised nature
Science
Empirically Derived
Critically tested
General principles
Cause and effect
Creativity relationship
Universal
applicability
8. Functions of Management
The following are the functions of
management:
Planning,
Organizing,
Staffing,
Directing or Leading
Controlling.
9. Cont
Planning Planning means “the determination of what is to be
done, how and where it is to be done, who is to do it, and how
the results are to be evaluated.”
Organising Organising refers to the systematic arrangement of
different aspects of the business operations to achieve the
planned objectives.
Staffing involves “man in the organisational structure through
proper and effective selection, appraisal and development of
personnel to fill the roles designed into the structure.”
Directing, managers determine direction, state a clear vision for
employees to follow, and help employees understand the role
they play in attaining goals.
Controlling, managers evaluate how well the organization is
achieving its goals and takes corrective action to improve
performance.
11. Managers at Different Organizational Levels in 3 types of
Organizations
Type of management
Level of
Management
Business
Organization
Educational
Institution
Government
Organization
Top
Chif executive
officer
President
Cabinet
secretary
Middle
Superintendent
manager
Vice president
Dean
Commissioner
Division Director
First Supervisor
Department
chair person
Program
manager
12. IMPORTANCE OF MANAGEMENT
The importance of management may be traced in
the following contexts:
Effective Utilisation of Resources
Development of Resources
To incorporate Innovations
Integrating Various Interest Groups
Stability in the Society
