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Business Management
Continuous Internal Assessment-1
REG NO - 1512129
CONTENTS
• Introduction to Management
• Characteristics
• Management is art/science/profession
• levels of management
• Functions of management
• Principles of management
• Difference between Management and Administration
• Summary
• Questions and answers
Introduction to Management
• Management can Defined as “It is process designing and maintaining
an environment in which individuals working together in groups
,efficiently to accomplish selected aims “
Characteristics
• Management is a Goal oriented Process
• Every organisation is established to achieve certain goals and these goals are depending
upon the nature of organisation .
• Management is group activity
• All the activities of an organisation are performed by group of persons which are directed to
achieve goals.
• Management is continuous process
• It is a continuous process ,consisting of series of functions like planning ,organising, staffing
and controlling.
• Management is a dynamic function
• Every organisation works in an environment ,which keeps on changing .management has to
adapt itself to changing environment.
• Management is All-pervasive
• It is a universal process ,it is applied in all types of activities.it exists everywhere in universe.
Characters Art Science Profession
Meaning Application of
knowledge
Gaining knowledge
through concepts.
Specialized in training
and knowledge.
Creativity It is creative in nature. It is based on
knowledge .
It is based on
knowledge.
Knowledge Includes practically
applying things
Includes concepts,
theories, principles.
specialized body of
knowledge under the
field
Application Music, Painting
etc..
Research, innovation
etc..
Charted Accountant,
Doctor, etc..
Management is act/science/profession
Levels of management
Functions of management
• Planning
• Organising
• Staffing
• Directing
• Controlling
Principles of management
1Division of work 3 unity of command
2 Authority and responsibility 4.unity of direction
5.Disicipline 6. Remuneration
7.Equity 8.intiative
9.Order 10.subordination of individual to general interest
11.Scalar principle 11.esprit de corps
Difference between Management and
Administration
Criteria Management Administration
Nature Executing function Decision making
Level of authority Middle level activity Top level activity
Usage Business Enterprises Government and education
and Religious organizations
Main functions Motivating and Controlling Planning and Organizing
Abilities Handles the employees Handles the Aspects like
Finance
Summary
• Management is an art of getting things done through and
with help of others in order to accomplish business aims
• Management is art/science/profession
• Management is dynamic function
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businees management

  • 1. Business Management Continuous Internal Assessment-1 REG NO - 1512129
  • 2. CONTENTS • Introduction to Management • Characteristics • Management is art/science/profession • levels of management • Functions of management • Principles of management • Difference between Management and Administration • Summary • Questions and answers
  • 3.
  • 4.
  • 5. Introduction to Management • Management can Defined as “It is process designing and maintaining an environment in which individuals working together in groups ,efficiently to accomplish selected aims “
  • 6. Characteristics • Management is a Goal oriented Process • Every organisation is established to achieve certain goals and these goals are depending upon the nature of organisation . • Management is group activity • All the activities of an organisation are performed by group of persons which are directed to achieve goals. • Management is continuous process • It is a continuous process ,consisting of series of functions like planning ,organising, staffing and controlling. • Management is a dynamic function • Every organisation works in an environment ,which keeps on changing .management has to adapt itself to changing environment. • Management is All-pervasive • It is a universal process ,it is applied in all types of activities.it exists everywhere in universe.
  • 7. Characters Art Science Profession Meaning Application of knowledge Gaining knowledge through concepts. Specialized in training and knowledge. Creativity It is creative in nature. It is based on knowledge . It is based on knowledge. Knowledge Includes practically applying things Includes concepts, theories, principles. specialized body of knowledge under the field Application Music, Painting etc.. Research, innovation etc.. Charted Accountant, Doctor, etc.. Management is act/science/profession
  • 9. Functions of management • Planning • Organising
  • 11. Principles of management 1Division of work 3 unity of command 2 Authority and responsibility 4.unity of direction
  • 13. 9.Order 10.subordination of individual to general interest 11.Scalar principle 11.esprit de corps
  • 14. Difference between Management and Administration Criteria Management Administration Nature Executing function Decision making Level of authority Middle level activity Top level activity Usage Business Enterprises Government and education and Religious organizations Main functions Motivating and Controlling Planning and Organizing Abilities Handles the employees Handles the Aspects like Finance
  • 15. Summary • Management is an art of getting things done through and with help of others in order to accomplish business aims • Management is art/science/profession • Management is dynamic function