Simple ppt for Principles of Management

1. PRINCIPLES OF
MANAGEMENT
P.Nisha.,MBA.,(Ph.D).,
Part Time Research Scholar,
Annamalai University.
Assitant Professor,
Department of Business Administration,
Vivekananda College of Arts and Science for Women,Sirkali.
UNIT 1

2. MANAGEMENT
•“To manage is to forecast and to plan,
to organise to command, to coordinate
and to control”. –HENRY FAYOL
•Management is the Art of Getting
things done through others.

3. Nature and Characteristics of Management
• Management is goal-oriented
• Management is universal
• Management is an Integrative Force
• Management is a Social Process
• Management is multidisciplinary
• Management is a continuous Process
• Management is Intangible
• Management is an Art as well as Science

4. SCOPE OF MANAGEMENT
•Production Management
•Marketing Management:
•Financial Management
•Personnel Management

5. Management as a Science
•Systematic body of knowledge
•Universal principles
•Scientific enquiry and experiments
•Cause and effect relationship
•Tests of validity and predictability

6. Management as an Art
(i) Practical knowledge
(ii) Personal skill
(iii) Result oriented approach
(iv) Creativity
(v) Improvement through continuous practice

7. CONCLUSION
 Thus, “management is both a science as well as an art”. It is a science because it has an
organised body of knowledge consisting of certain universal facts. It is known as an art
because it involves creating results through practical application of knowledge and skills.
However, art and science are complementary to each other. They are not mutually
exclusive.
 For example, a person cannot be a good surgeon unless he has scientific knowledge of
human anatomy and the practical skill of applying that knowledge in conducting an
operation.
Similarly, a successful manager must know the principles of management and also
acquire the skill of applying those principles for solving managerial problems in different
situations.

8. Management as a Profession
•A profession is calling that requires specialised knowledge and often, long intensive
academic preparation. The essential features of profession are as follows:
(i) Well defined body of knowledge
(ii) Restricted entry
(iii) Service motive
(iv) Code of Conduct
(v) Representative professional association

10. Functions of Management:
PLANNING
ORGANISING
STAFFING
DIRECTING
CONTROLLING

11. THANK YOU