Introduction to Business management, Definition, Importantce of management, Characteristics, nature and scope, process of management, scope of management
2. Introduction
Management is what managers 'do', It is the
process of coordinating work activities with and.
through other people so that work activities are
completed efficiently and effectively.
3. Traditional Definition of
Management
Management consists of getting things done through
others. A manager is one who accomplishes objectives
by directing efforts of others.
- C.S. George
4. Modern Definition of Management
Management is defined as the process of planning,
organising, actuating, and controlling of an organisation’s
operations in order to achieve coordination of the human
and material resources essential in the effective and
efficient attainment of objectives.
– Trewelly and Newport
Management is the process of working with and through
others to effectively achieve organisational objectives by
efficiently using limited resources in the changing
environment.
– Kreitner
5. Importance of Management
1. Increases Efficiency
2. Helps in Achieving Group Goals
3. Creates a Dynamic Organisation
4. Development of Society
5. Helps in Achieving Personal Objectives
6. Characteristics of Management
1. Continuous Process
2. Goal-oriented
3. All Pervasive
4. Multidimensional
Management of Work
Management of People
Management of Operations
5. Dynamic Function
6. Management is a Group Activity
7. Management is an Intangible Force
7. MANAGEMENT
1. Multi disciplinary
2. Dynamic Nature of Principles
3. Relative, Not Absolute Principles
4. Management, science or Art
5. Management as a Profession
(PTO)
8. Cont
6. Universality of Management
[a]management as a process and the various process
of management are universal for all
organizations
[b]distinction between management fundamentals
and techniques
[c]distinction between management fundamentals
and practices.
The arguments against universality are:-
[a]management is culture bound
[b]management depends upon the objectives of an
enterprise
[c]management depends upon the differences in
philosophies of organization
