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BUSINESS
ADMINISTRATION
COMPILED BY : PROF. HITESH SHARMA
Chapter-1 Management
Meaning & Importance
Management:
 MANAGEMENT IS DEFINED AS THE
ACCOMPLISHMENT OF DESIRED OBJECTIVES BY
ESTABLISHING AN ENVIRONMENT FAVOURABLE
TO PEOPLE WORKING IN ORGANISED GROUPS FOR
ACHIEVING DESIRED PERFORMANCE.
CHARACTERISTICS OF MANAGEMENT
 MANAGEMENT NOT A GROUP OF PEOPLE, IT’S
A FUNCTION.
 ITS UNIVERSAL.
 CO-ORDINATION IS THE SOUL OF
MANAGEMENT.
 MANAGEMENT IS DYNAMIC.
 IT IS A LEADERSHIP ACTIVITY.
 IT IS A DECISION MAKING PROCESS.
 IT IS A PROFESSION.
 CRITICAL TO ORGANISATIONAL OBJECTIVES.
Functions of Management
Managerial Roles
Formal Authority & Status
Interpersonal Roles Informational Roles Decisional Roles
1. Figure Head 1. Monitor 1. Entrepreneur
2. Leader 2. Disseminator 2. Disturbance Handler
3. Liaison 3. Spokesman 3. Resource Allocator
4. Negotiator
BUSINESS
ADMINISTRATION
COMPILED BY : PROF. HITESH SHARMA
Chapter-2 Theories of F.W. Taylor &
Henry Fayol
Business Administration
Business Administration
Business Administration
Business Administration
Business Administration

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Business Administration

  • 1. BUSINESS ADMINISTRATION COMPILED BY : PROF. HITESH SHARMA Chapter-1 Management Meaning & Importance
  • 2. Management:  MANAGEMENT IS DEFINED AS THE ACCOMPLISHMENT OF DESIRED OBJECTIVES BY ESTABLISHING AN ENVIRONMENT FAVOURABLE TO PEOPLE WORKING IN ORGANISED GROUPS FOR ACHIEVING DESIRED PERFORMANCE.
  • 3. CHARACTERISTICS OF MANAGEMENT  MANAGEMENT NOT A GROUP OF PEOPLE, IT’S A FUNCTION.  ITS UNIVERSAL.  CO-ORDINATION IS THE SOUL OF MANAGEMENT.  MANAGEMENT IS DYNAMIC.  IT IS A LEADERSHIP ACTIVITY.  IT IS A DECISION MAKING PROCESS.  IT IS A PROFESSION.  CRITICAL TO ORGANISATIONAL OBJECTIVES.
  • 5. Managerial Roles Formal Authority & Status Interpersonal Roles Informational Roles Decisional Roles 1. Figure Head 1. Monitor 1. Entrepreneur 2. Leader 2. Disseminator 2. Disturbance Handler 3. Liaison 3. Spokesman 3. Resource Allocator 4. Negotiator
  • 6. BUSINESS ADMINISTRATION COMPILED BY : PROF. HITESH SHARMA Chapter-2 Theories of F.W. Taylor & Henry Fayol