Management is theprocess ofcoordinating andoverseeing the workactivities of others bythe managers so thattheir activities arecompleted efficientlyand effectively with thehelp of availableresources in order toachieve the set goalsin time.
Efficiency(means) Effectiveness(Ends) Resource Goal Usage Attainment Low Waste High Attainment Management Strives for: Low Resources Waste(high efficiency) High Goal Attainment(high effectiveness) Efficiency is “doing things right”. Effectiveness is “doing the right things”.
Levels of management Top Middle Lower Non Managerial Employees
Management Functions Planning Management is a continuous process. Controlling Organizing Directing Staffing
Where we can find management ? Management is related to everyone’s life whether it iscomplicated or simple. A small family of four with the husband/Wife as head of thefamily is also a management. Beginning from a roadside vendor to an MNC company, wecan find management.
Why management is an art? Because it depends on the skills, aptitude & creativity of themanager.
Management as an art According to Peter F.Drucker… Peter Drucker, famed management scholar who is best known fordeveloping ideas related to total quality management. Drucker terms management "a liberal art," claiming that it is suchbecause it deals with the fundamentals of knowledge, wisdom, andleadership, but because it is also concerned with practice andapplication. He is critical of the assumptions that make up the managementparadigm, because these assumptions change over time as societyand the business environment change. Thus, management is moreof an art.
According To Mintzberg. . . Mintzberg is an academic researcher whose work capturing theactual daily tasks of real managers was ground breaking researchfor its time. Mintzberg, through his observation of actual managers in theirdaily work, determined that managers did not sit at theirdesks, thinking, evaluating, and deciding all day long, working forlong, uninterrupted time periods. This was in line with the perspective of management as anart, but instead managers used their own social and political skillsto solve problems that arose throughout the course of work.