Introduction to Business management, Definition, Importantce of management, Characteristics, nature and scope, process of management, scope of management

1. BUSINESS ORGANISATION
MANAGEMENT

2. Introduction
 Management is what managers 'do', It is the
process of coordinating work activities with and.
through other people so that work activities are
completed efficiently and effectively.

3. Traditional Definition of
Management
 Management consists of getting things done through
others. A manager is one who accomplishes objectives
by directing efforts of others.
- C.S. George

4. Modern Definition of Management
 Management is defined as the process of planning,
organising, actuating, and controlling of an organisation’s
operations in order to achieve coordination of the human
and material resources essential in the effective and
efficient attainment of objectives.
– Trewelly and Newport
 Management is the process of working with and through
others to effectively achieve organisational objectives by
efficiently using limited resources in the changing
environment.
– Kreitner

5. Importance of Management
 1. Increases Efficiency
 2. Helps in Achieving Group Goals
 3. Creates a Dynamic Organisation
 4. Development of Society
 5. Helps in Achieving Personal Objectives

6. Characteristics of Management
 1. Continuous Process
 2. Goal-oriented
 3. All Pervasive
 4. Multidimensional
 Management of Work
 Management of People
 Management of Operations
 5. Dynamic Function
 6. Management is a Group Activity
 7. Management is an Intangible Force

7. MANAGEMENT
1. Multi disciplinary
2. Dynamic Nature of Principles
3. Relative, Not Absolute Principles
4. Management, science or Art
5. Management as a Profession
(PTO)

8. Cont
 6. Universality of Management
[a]management as a process and the various process
of management are universal for all
organizations
[b]distinction between management fundamentals
and techniques
[c]distinction between management fundamentals
and practices.
The arguments against universality are:-
[a]management is culture bound
[b]management depends upon the objectives of an
enterprise
[c]management depends upon the differences in
philosophies of organization

9. Management process /
Functions
Communication
Decision making
Innovation

10. Scope of Management
 1. Subject Matter of Management
 2. Functional Areas of Management
 Purchasing Management
 Financial Management
 Personnel Management
 Transport Management
 Maintenance Management
 3. Universal Application
 4. Management
 5. Essentials of Management