1.
MANAGEMENT- DEFINITION,
OBJECTIVES,CHARACTERISTICS
AND FUNCTION

2.
Objectives
• Understand the Meaning and the
definitions of Management
• Features of , Functions and
importance of management
• Know and Understand the relation
between Administration and
Management

3.
Introduction
• With the increasing complexities,
managing the business concern
becomes difficult.
• Every business unit has objectives of
its own.
• The need of existence has
increased tremendously.

4.
Meaning and
Definition Of
Management
• Meaning of Management:
– Management if the art of getting things
done by a group of people with the
effective utilization of available
resources
• Definitions of Management:
– According to various experts like Peter F.
Drucker, Ralph C. Davis etc.

5.
Definition of
Management
• Joseph L. Massie: Management is the
process by which a cooperative group
directs actions towards common goal
• James D. Monny: Management is
the art of directing and inspiring
the people

6.
Definition of
Management
• G.E. Millward: Management is the
process and the agency through
which execution of policy is planed
and supervised
• Management is the process
consisting the functions of:
– Planning
– Organizing

7.
Characteristics of
Management
Organization
purpose
Structure
Organizations are made up of
people. Making a goal into
reality entirely depends on
people’s
decisions and activities in the
organization.
Every organization has its distinct
purpose, which is typically
expressed in terms of a goal or
set of goals.
All organizations develop
a systematic structure
that defines and limits the
behavior of its members.
Three common characteristics of the organization
People

8.
Characteristics of
Management
• Art as well as Science
• Management is an activity
• A continuous Process
• Management achieving Pre-defined
objectives

9.
Characteristics of
Management
• Organized Activities
• Management is a Factor of
Production

10.
Characteristics of
Management
• Management as system of
activity
• Management is a discipline

11.
Characteristics of
Management
• Management is a purposeful
activity
• Management is a distinct entity
• Management aims at
maximizing profit
• Decision making
• Management is a profession

12.
Characteristics of
Management
• Universal Application
• Management is getting
things done
• Management as a class of a
team
• Management as a career

13.
Characteristics of
Management
• Direction and control
• Dynamics
• Management is needed at
all levels
• Leadership activity

14.
Functions of
Management
Planning Organizing Leading
1.Defining goals 1.Determining 1.Directing
what needs to 2.Motivating
Controlling
Monitoring
activities to
ensure that
they are
all involved
parties
3.Resolving
conflicts
accomplished
as planned
2.Establishing
strategy
3.Developing
sub plans
coordinate
activities
done
2.How it will
be to done
3.who is to do
it
Resulting in
Achieving the
organization’s
stated purpose

15.
Functions of
Management
• Planning:
– Primary function of Management
– specifying the goals to be achieved and
deciding in advance the appropriate
actions taken to achieve those goals
– delivering strategic value - planning
function for the new era
• a dynamic process in which the
organization uses the brains of its
members and of stakeholders to identify
opportunities to maintain and increase
competitive advantage

16.
Functions of
Management
• Organizing:
– Distribution of work in Group wise or
section wise for effective performance.
– Assembling and coordinating the human,
financial, physical, informational, and
other resources needed to achieve goals
– The future requires building flexible
organizations

17.
Functions of
Management
• Staffing:
– Activities of selection and placement of
competent personnel.
– Filling and keeping filled with qualified
people all positions in the business.
– Managers must be good at mobilizing
people to contribute their ideas

18.
Functions of
Management
• Directing:
– The actual performance of a work starts
with this.
– Stimulating people to be high
performers.
– Influencing people's behavior through
motivation, communication, group
dynamics, leadership and discipline.

19.
Functions of
Management
• Co-coordinating :
– All the activities are divided group wise
or section wise under organizing
function
– Such activities are co-ordinated towards
the accomplishment of objectives of the
organization.
– monitors progress and implements
necessary changes
– makes sure that goals are met
– new technology makes it possible to

20.
Functions of
Management
• Motivating or actuating:
– All the goals are achieved
– Increasing the speed of
performance

21.
Functions of
Management
• Controlling:
– Ensures the confirmation of the achieved
objectives to preplanned objectives

22.
Functions of
Management
• Innovation:
– The presentation of personnel and
organization to face the changes made
in the business world
• Representation:
– Manager is the representative of the
company
• Decision-making:

23.
Functions of
Management
• Communication:
– The transmission of human thoughts
• Classification of functions of
management according to Luther
Gullik
– POSDCORB

24.
Importance of
Management
• Management meet the challenges
of change
• Accomplishment of group goals
• Effective utilization of business

25.
Importance of
Management
• Effective functioning of
business
• Resource development
• Sound organization
structure

26.
Importance of
Management
• Management directs the
organization
• Integrates the various
interests
• Stability

27.
Importance of
Management
• Innovation
• Co-ordination and team-
spirit
• Tackling problems
• A tool for personality
development

28.
Administration &
Management
Board of Directors
General Managers
Supervisor
Workers
Administration
Department Manager
Management
Top Level

29.
Difference between
Administration &
Management
• Oliver Sheldon: Administration is
concerned with the determination of
the corporate policy. Management is
concerned with the execution of policy
within the limits set up by
administration
• William R. Spiregal: Administration is
concerned with overall determination
of industrial objectives. Management
is concerned with carrying out of the

30.
Difference between
Administration &
Management
• E.F.L. Brech: Management is a social
process entailing responsibilities for
the effective and economical
planning. Administration is a part of
management concerned with
installation and carrying out of he
procedures.
• Theo Heimann: each manager
performs both activities and spends

31.
Difference between
Administration &
Management
S. No. Basis of
distinctio
n
Administration Management
1. Policy and
objectives
Determines policy
to be followed and
decide the
objectives to be
achieved
Implements the
policy and achieves
the objectives
2. Directing of
human efforts
Not directly involves
in the execution of
plan and
achievements of
objectives
Directly involves in the
execution of plan and
achieving objectives
3. Main function Planning organizing and
staffing
Direction, motivation and
4. Levels of
executives
Top level executives Lower level executives

32.
Summary
• A business develops in course of
time with complexity
• Management aims at maximizing
profit
• Many times the terms
administration and management
are used synonymously

33.
End of Chapter 1
Nature Of Management