Pharmaceutical Business Management: Management is a wide ranging concept and human instinctual activity which Plans, Organize, Directs, Co-Ordinates, Controls, Motivates and Management As Science & Art Development Of Management Thoughts Contribution Of Scientist In Modern Management Characteristics Of Management Decides about “use of human and other resources to attain organizational objectives. FOR MORE RELATED QUERIES CONTACT US ON- 9028839789 FOR ENROLLMENT IN NEXT BATCH CONTACT ON ABOVE MENTIONED NUMBER

1. Pharmaceutical Business Management
Presented by:
Pristyn Research Solutions
www.pristynresearch.com

2. Learning Objectives
 Management As Science & Art
 Development Of Management Thoughts
 Contribution Of Scientist In Modern Management
 Characteristics Of Management

3. WHAT IS MANAGEMENT
Management is a wide ranging concept and human
instinctual activity which Plans,
 Organize,
 Directs,
 Co-Ordinates,
 Controls,
 Motivates and
 Decides
about “use of human and other resources to attain
organizational objectives.

4. Management As Science & Art
WHY?
Because….
Science: Now a days certain basic principals of management
have evolved in the form of process of management
which has universal application.
Art: It involves human beings and their behavior.

6. Development Of Management Thoughts &
Contribution Of Scientist….
History has full of records describing the awareness of management skills
practices from ancient era.
Like,
Egyptian literature 1300 B.C clearly describe the importance organization
and administration.
The existence of Athenian commonwealth with its council, courts ,
administration and board of generals indicates the existence of management
practices in Greece.
Similar records found in China and Roman

7. The evolution of management thoughts during this period can
be studies in three parts as:
Early Classical Approaches Neo- Classical Approaches Modern Approaches
• Scientific Management
• Administrative Management
• Human Relationship
• Behavioral approaches
• Quantitative Approaches
• System Approaches

8. 1) James Watt 1769-1848
2) Mathew Robinson 1770-1842
3) Robert Owen 1771-1858
4) Charles Babbage 1792-1871
5) Henry Robinson 1844-1924
6) Frederick Winslof Taylor 1856-1915
7) Henry Feyol 1841-1925
8) Mary Parker 1868-1933
9) Peter F. Drucker 1905-2005

9. Frederick Winslof Taylor 1856-1915

10. Applied Scientific methods to Factory problems and urged on proper use of human labor .
Published principals of Scientific Management -1909.
Career: Executive, consultant, production specialist , efficiency expert ,
Taylor four key goals:.
1) To develop as science of management
2) To select workers scientifically
3) To educate and train workers scientifically
4) To create cooperation between management and labor.

11. Henry Feyol 1841-1925

12. 1) Plan
2) Organize
3) Command
4) Coordinate
5) Control
Henry Feyol’s Five functions of Management

14. Union is strength

15. Peter F. Drucker

16. Setting objectives : Peter F. Drucker has focused on setting up an
objectives for the organization. He suggested that every organization should
have basic and important objectives.
He contributed marketing innovation, human organization, financial
resources, physical resources, productivity, social responsibility and
requirement of profit are the objectives of the organization. To capture and
survive in the market, society, financial market, minimization of cost of
production, maximization of output and management by objectives (MBO’s)
are important.

17. Organizing responsibility and practice : Peter F. Drucker has
contributed to organize responsibility and effective practices are very much
essential in management. For effective delegation of authority, one should
determine the responsibility of unskilled, semi skilled and skilled employees.
He has contributed span of control and span of management responsibility
for effective management. The book, “Concept of the Corporation” has
narrated that management was not for a rank or a title but for responsibility,
practice and discipline, that can be taught and must be studied just like other
discipline. In brief, he has contributed that, “Management as a Discipline”,
which is very much required for effective management.

18. Motivation and Communication : To get things done from others, proper motivation
and effective communication is required

19. Measurements of performance of knowledge : Peter F.
Drucker has focused in his two books viz. The age of Discontinuity and
Managing for Result that “Knowledge is the Business”. He focused that
use of information for completion of specific work is called as knowledge
and measuring the performance of knowledge become essential.

20. Developing people : ‘Get it done’ is the basic philosophy of management,
where developing the people is required. Peter F. Drucker has focused on
development of people who are the real instruments for mobilizing other
resources in an organization.

21. Characteristics Of Management
 Determines objectives of organization
 Process of converting resources into productivity
 Integrates Men, Machine, Money and material to carry out various
operations
 Provide sense of satisfaction
 Makes work more objective oriented
 Social process which improves the quality of life
 It is science of wealth creation
 It prepares the organization to meet the challenges
 It is an art as well as science