3. Meaning
Managerial knowledge can be
transferred from one person to
another person from one firm to
another firm in the same country
and from one country to another
country .This transferability of
management is meaningful only
when it has universal applicability.

4. Transmission of management knowledge
may be undertaken as :
1.By managers from an industrially
developed country working in
developing country
2. By people from a developing country
coming to study and working in
industrially advanced country and
returning back to their own country
3. Through training and development
programs for managers in a developing
country

6. why do we need it ?
Figure head: The management perform
capabilities which are ceremonial and symbolic in
nature .These includes greeting visitors attempt
ion ,social function and handling out merit
certificates to outstanding employees

7. Monitor : The management constantly collects
the information about the factors which effect
the organization.
Dissemination: the management distributes
the information to the subordinates .

8. Disturbance handler: management is required to handle
those certain factors and events which act as
disturbance to the organization equilibrium and
working.
Resource allocator : A management allocates
resources of human ,physical ,financial ,to various
organizational units according to their needs .

9. Arguments for
universality

11. initiating
planning
closing
executingMonitoring &
controlling
Integration
management
Scope
management
Time
management
Cost
management
Quality
management
Human
resource
Procurent
management
Communication
management

14. Distinction b/w management
fundamentals & practices

15. Management is both science and art
,most productive art is based on an
understanding of the science
underlying it .The art of managing or
the practice of managing makes use
of organized knowledge that is
science .

18. Arguments against
universality

19. Arguments against universality of
management are on the basis of following:
Cultural characteristics
Management philosophy
Organizational objectives