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Management

This document provides an introduction to the concept of management. It defines management in several ways, including as a process, a group activity, a discipline, and an activity. It lists features that reveal the nature of management such as being goal-oriented, a social process, and dynamic. The importance of management is discussed as achieving group goals, optimizing resource utilization, and meeting the challenges of change. Finally, the objectives of management are outlined as organizational objectives like growth and profitability, personal objectives like fair compensation, and social objectives like quality products and environmental conservation.

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mikhil.murali
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12 views

Management

This document provides an introduction to the concept of management. It defines management in several ways, including as a process, a group activity, a discipline, and an activity. It lists features that reveal the nature of management such as being goal-oriented, a social process, and dynamic. The importance of management is discussed as achieving group goals, optimizing resource utilization, and meeting the challenges of change. Finally, the objectives of management are outlined as organizational objectives like growth and profitability, personal objectives like fair compensation, and social objectives like quality products and environmental conservation.

Uploaded by

mikhil.murali
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Introduction to Management

Concept 1. 2. 3. 4. Management as a process Management as a group/team Management as a discipline Management as an activity

Definitions Lawrence A. Appley Management is the accomplishment of results through the efforts of other people. Harold Koontz Management is the art of getting things done through and with the people in formally organised groups.

Mary Parker Follet The act of getting things done through people.

George Terry Management is a process of planning, organising, actuating and controlling to determine and accomplish the objectives by the use of people and resources. McFarland Management is the process by which managers create, direct, maintain and operate purposive organisations through systematic, coordinated, cooperative human efforts.

Features that reveal the nature of management


1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Management is intangible Management is goal oriented Management is universal. Management is a social process Management is a group activity Management is a system of authority Management is an activity Management is dynamic Management is a science as well an art Management is multi-disciplinary

Importance of Management 1. 2. 3. 4. 5. 6. 7. Achievement of group goals Optimum utilisation of resources Fulfillment of social obligations Economic growth Stability Human development Meets the challenge of change

Objectives Of Management 1. Organisational objectives: (a) Reasonable profits so as to give a fair return on the capital invested in business (b) Survival and solvency of the business, i.e., continuity. (c) Growth and expansion of the enterprise (d) Improving the goodwill or reputation of the enterprise.

2. Personal objectives: (a) Fair remuneration for work performed (b) Reasonable working conditions (c) Opportunities for training and development (d) Participation in management and prosperity of the enterprise (e) Reasonable security of service

3. Social objectives: (a) Quality of goods and services at fair price to consumers. (b) Honest and prompt payment of taxes to the Government. (c) Conservation of environment and natural resources. (d) Fair dealings with suppliers, dealers and competitors. (e) Preservation of ethical values of the society.

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