FIP: HRDC, Guru Jambheshwar University

1. INTRODUCTIONTO
MANAGEMENTBy
Dr Moirangthem Roshini
ManipurTechnical University

2. Introduction
• Management is the “Mantra” to win competitive changing environment.
• It is concern with all the aspects of the firm’s operations, including production of goods, or
delivery of services, sales and marketing, financial activities and supporting function.
• Management is a process where the principles of art and science are followed to accomplish
some predetermined objectives and to secure maximum prosperity with minimum efforts by
utilizing the human and non-human resources through planning, organizing, directing ,
motivating and controlling.
• Definition:
a) Henri Fayol: “To manage is to forecast and to plan, to organize, to command, to co-ordinate
and to control”
b) F.W Taylor: “Management is an art of knowing what you want your men to do and then
seeing that it is done in the best and cheapest way”
c) Peter Drucker: “Management is an organ, organ can be described and defined only through
their functions”

3. Universal need for management
• 1 All size of organizations
Small to large
All organization areas
Manufacturing, Marketing,
Finance, Accounting, Human
Revenue, Information System
All types of organizations
Profit making and non profit
making
Management is
needed in…….
All organizations level
Bottom to top

4. Features/ nature of Management
• Goal oriented or Purposiveness
• Group efforts orActivities
• Process of getting things done by others
• Universality
• Mixture of art and science
• Social Process
• Resource
• Intangibility or invisibility
• Process of delegation of authority
• Multi disciplinary facets
• Relative principles
• Management is a process
• Skill of performance
• Continuity
• Combination of different elements

5. Importance of Management
• Brain of the business
• Creativity and innovation
• Prevention of damages and wastages
• Provision for general and overall social welfare
• Group activities
• Proper utilization of resources
• Co-ordination
• Economic development
• Development of standard of living
• Creation of responsibility
• Cultural development
• Establishment of industrial peace

6. Organizing
Staffing
Directing
Co-ordinating
Reporting and
budgeting
Controlling
Planning
Forecasting &
Decision
Making
Innovation &
Modernization
MANAGEMENT PROCESS

7. Sl.No Basis of Difference Management Administration
1 Meaning/ Definition Management is an executive function of
getting things done by others and the
force which leads, guides and directs an
organization in the accomplishment of
the predetermined object.
Administration is the force which
lays down the object for which an
organization and its management
are to strive under the broad
policies.
2 Policy making It is concerned with implementation of
policy.
It is concerned with the making of
policy.
3 Function Motivating and controlling functions are
involved in management.
Planning and organizing functions
are involved in administration.
4 Authorities
remaining in charge
Middle and lower level authorities
remain in charge of management
Top level authority remains in
charge of administration.
5 Nature of functions Its functions are executive and largely
governing.
Its functions are legislative and
largely determinative.
6 Concerned area It is actively concerned with the direction
of human efforts in the execution of
plans and policies.
It is not actively concerned with
the direction of human efforts in
the execution of plans and policies.

8. Henri Fayol’s 14 Principles of
Management
1 Division of Work/ labour 8 Centralization
2 Authority and
accountability/responsibility
9 Scalar chain
3 Discipline 10 Order
4 Unity of command 11 Equity
5 Unity of direction 12 Stability in the tenure of service and security
6 Subordination of individual interest to
general interest
13 Initiative
7 Fair remuneration 14 Esprit de corps