According to Theo Heimann, management has
three different meanings, viz.,
Management as a Noun : refers to a Group of
Management as a Process : refers to the
Functions of Management i.e. Planning,
Organising, Directing, Controlling, etc.
Management as a Discipline : refers to the
Subject of Management.
"Management is a multi-purpose organ that
manages business and manages managers and
manages workers and work.“
"Management is the art of getting things done
through and with people in formally organised
"To manage is to forecast and to plan, to organise,
to command, to co-ordinate and to control."
Education is the act or process of imparting
or acquiring particular knowledge or skills,
as for a profession.
1. Continuous and never ending process
2. Getting things done through people
3. Result oriented science and art
4. Multidisciplinary in nature
5. A group and not an individual activity
6. Follows established principles or rules
7. Aided but not replaced by computers
8. Situational in nature
9. Need not be an ownership
10. Both an art and science
11. Management is all pervasive
12. Management is intangible
13. Use a professional approach in work
14. Management is dynamic in nature
the understanding of the factors
which influence the conduct of organizations
students with the tools and
techniques that they may use to influence
organizational life. Influence the economy in
is a set of values and principles that
we strongly believe and follow. It is learning
what is right or wrong, and then doing the
The concept of business ethics is coming to
know what it right or wrong in the workplace
and doing what's right -- this is in regard to
effects of products/services and in
relationships with stakeholders.
A business school is normally a universitylevel institution that teaches topics such as
accounting, finance, marketing,
organizational behaviour, strategic planning,
quantitative methods, etc. These include
schools of "business", "business
administration", and "management".
Approved by All India Council for Technical
Education (AICTE), New Delhi.
• Recognised by the state government
• Affiliated to any one of the Non
Agricultural/Non Technological Universities in
Indian Institute of Management Ahmedabad
Indian Institute of Management Calcutta
Indian Institute of Management, Bangalore (IIM
Indian Institute of Management, Lucknow (IIM
XLRI – Xavier Labour Research Institute,
ISB – Indian School of Business, Hyderabad
FMS – Faculty of Management Studies,
University of Delhi
Indian Institute of Management, Indore (IIM I)
Human Resource Management
Information System Management
Health Care Management
to enhance the level of management education
to assist prospective students to select a quality
management institute that meets their needs.
to make understanding of management concepts
simple and easy.
(a) Provide management institutes, management
faculty as well as management students with
tools to make understanding of management
concepts simple and easy.
(b) Convince management institutes to treat
students as their customers and shift their focus
from pure commercial interest to providing
quality management education.
(c) Build a student franchise that rewards quality
management institutes and punishes those
institutes that put at risk the future of their
-) Globalization is impacting the
institutional framework in both developing
and industrial countries.
-) Quantity and quality of specialized
human resources determine their
competence in the global market.
-) The benefits of globalization accrue to
the countries with highly skilled human
capital and it is a curse for the countries
without such specialised human capital.