Unit 1 Introduction To Management
Unit 1 Introduction To Management
MANAGEMENT
Management connection to other fields
of study
Anthropology : the study of human beings, especially of their
origin, development, customs and beliefs
Study of societies
Human & their activities
Culture & environment
Economics: The study of scarcity, the study of how people use
resources and respond to incentives, or the study of decision-
making.
Philosophy : the study of ideas and beliefs
Nature of things
Value & ethics
Political science : the study of politics and power
Psychology : The scientific study of the mind and the way that
people behave
Sociology
the structure of groups, organizations, and societies, and how people
interact within these contexts.
5 M’s of Management
Men
Material
Methods
Money
Machine
Management
Meaning
Nature
Functions
Meaning of Management
Management as a discipline
Management as a group of people
Management as a Process
Production or Efficiency oriented
definition
-Mc.Farland
Management is the process involving
planning, organising, staffing, directing and
controlling human efforts to achieve stated
objectives in an organisation.
Features of Management
Organised activities
Existence of objectives
Relationship among resources
Working with and through people
Decision making
Management …….
Characteristics
Goal-oriented process.
Is multidimensional.
Is an ongoing process.
Is a science and art.
Is a group activity.
Is an intangible force.
Is all pervasive.
Is a purposeful activity.
Importance of Management
Effective utilization of resources
Development of resources
To incorporate innovations
Integrating various interest groups
Stability in the society
Nature of management
Multidisciplinary
Dynamic nature of principles
Relative not absolute principles
Management science or art
Management as profession
Universality of management
Management and Administration
Management as Science
“Science is a systematized body of knowledge
which establishes a relationship between
cause and effect”
Personal skill
Uses Practical knowledge acquired in dealing
with problems
Concrete result oriented approach
Development through practice
Creative power
Management : Science as well as art
Interpersonal Informational
Roles Roles
Figurehead Monitor
Leader Disseminator
Liaison Spokesperson
Decisional Roles
Entrepreneur
Disturbance handler
Resource allocator
Negotiator
Management Skills
Conceptual Skills
Human Skills
Technical Skills
Technical skills - knowledge and proficiency in a
specialized field
Human skills - ability to work well with other
people individually and in a group
Conceptual skills - ability to think and to
conceptualize about abstract and complex
situations
Relative Skills Needed for Effective
performance at different levels of
Management
Top
CONCEPTUAL
Management
Middle
Management HUMAN
First-line
TECHNICAL
Management