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Session 1.
Topic no. 1Introduction to Management
13th September, 2011.
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Concept of Management
Definitions of Management
Features of Management
Nature Of Management
Functions of Management
Difference between Administration & Management
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Management is what management does- James Lundy
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What is Management? Definition: Coordinating work activities so
that they
are completed efficientlyand effectively with andthrough other
people
Efficiency: getting the most output from the least
input
Effectiveness: completing activities so that the
organizations goals are attained.
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Management is
Effectiveness
EfficiencyGetting workdone through
others
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Organization and coordination of the activities of an
enterprisein accordance with certain policies and in achievement of
clearlydefined objectives. --Peter Drucker
Management is an art of getting things done through and withthe
people in formally organized groups. --Koontz H.
Management is the accomplishment of results through theefforts
of other people. -- Lawrence A.
Management is a process of planning, organizing, leading
andcontrolling to determine and accomplish the objectives by the
use
people and resources. -- Terry G.
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Management is a
1. Process
2. Is intangible
3. Social process4. System of authority
5. Goal-oriented process
6. Dynamic process
7. An is group process
8. Multi disciplinary field
9. Is an activity
10.Is universal
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Management as a Science, an Art & a Profession:
Science
Systemic body of knowledge, principle should beverifiable,
reliable basis for predicting future events.
Management is an Inexact Science
It is complex and unpredictable
Org. Decision are influenced by the environment.
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Art
Use of Practical Knowledge and personal skill.
Management is creative
Application of practical knowledge and certain skills helps
toachieve concrete results.
ProfessionA profession is body of specialized knowledge, is
systemized,
renders competent and specialized services, demands
scientific
attitude and commitment to discover new ideas.
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First stated by Henri Fayol (1841-1925)-French CEO
Planning, Organizing, Staffing, Directing and Controlling.
Now stated as :
1. Planning
2. Organizing
3. Leading
4. Controlling
Planning
Organizing
Leading
Controlling
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Administration refers to the activities of the higher levelof
the management group who identifies the major aims
and policies.
Administration is a part of management
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THANK YOU
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