2. TWO TERMS
Effectiveness: Efficiency:
means completing the
right task to achieve the
goal within the time
frame.
means completion of
task using minimum
resources.
(DOING RIGHT THINGS) (DOING THINGS RIGHT)
4. MANAGEMENT
• Management is the
process of getting things
done with the aim of
achieving goals
effectively and
efficiently
MR. A
MANAGER
GOAL
TEAM
5. CHARACTERISTICS/NATURE/FEATURES OF MANAGEMENT
1.Management is a goal-oriented process
2.Management is all pervasive
• A petrol pump, A School, A temple
3.Management is Multidimensional
• Management of work: WORK = GOAL
• Management of people:
• Management of operations:
6. Characteristics/Nature/Features- Continued
4.Management is a continuous process:-
Not a One time process
Different Managers- Different Functions
5.Management is a group activity:-
6.Management is a dynamic function:
Internal VS External Factors
7.Management is an intangible force:
Cannot be seen only experienced
8. OBJECTIVES
ORGANISATIONAL
OBJECTIVES:
SOCIAL OBJECTIVES: PERSONAL OBJECTIVES
• SURVIVAL: Ensure
that the organization
survives and exists in
the future.
• PROFITABILITY:
Earning adequate
profit in order to
survive and grow.
• GROWTH: Growth
indicates
how well it exploits
the potential
opportunities
• Producing Quality
Products
•Reasonable Rates,
•Employment
Opportunities,
•Environmental
Friendly Method Of
Production
•Social Responsibility
•Competitive Salaries
•Social And Safety
Needs
•Respect For
Colleagues
•Personal Goals With
Organizational
Objectives
9. MANAGEMENT
• DEFINITION {Harold Koontz and Heinz
Weihrich}
• “Management is the process of designing and
maintaining an environment in which individuals,
working together in groups, efficiently accomplish
selected aims.”
10. IMPORTANCE/SIGNIFICANCE OF MANAGEMENT
1. Management helps in achieving group goals: a common
direction
2. Management increases efficiency: to reduce costs and
increase
productivity through better planning, organising, directing,
staffing and controlling the activities of the organisation.
3. Management creates a dynamic organisation:
environment which is constantly changing. Individuals
learn to change from Management
4. Management helps in achieving personal objectives: A
manager motivates - achieve personal goals-organisational
objective. team spirit, cooperation and commitment to
group success.
5. Management helps in the development of society:
13. MANAGEMENT AS ART, SCIENCE & PROFESSION
AS AN SCIENCE-
Systematic body of
Knowledge
• Systematic body of
Knowledge – Cause
and Effect
Relationship
(Gravity V/S Apple)
• Principles based on
Experiments
(Observe & Act)
• Universal Validity-
applied in all areas
AS A PROFESSION-
Occupation
• Well defined body of
knowledge.
• Existence of code of
conduct- Rules
(Example- Doctors)
• Restricted entry- Not
everyone can be
professionals
• Fees as remuneration for
their services.
• Service is the motive
AS AN ART-
Skill to achieve the goal
• Existence of
theoretical
knowledge.
• Developed through
practical and creative
process. (Draw-
Sketch-Paint)
• Personalized
application and skill-
differs from one
person to other
18. I. PLANNING
• Plan – future
course- goal
• Setting objectives
and targets
• what is to be done,
how to be done and
when to do it.
II. ORGANISING
• Bringing together
Physical,
Financial &
Human Resources
Identify
Classify
Assign duty
Delegate
Co-ordinate
III. STAFFING
Finding the right person
at the right job at
the right time.
• Man Power
• Recruitment
• Training
• Salary
• Performance
• transfer
19. IV. DIRECTING
• Supervision
• Motivation
• Leadership
• communication.
V. CONTROLLING
Measuring of actual
performance V/S
Standard Performance
21. MEANING
Bringing all functions of
management together
• To bring activities in
sync
• achievement of the
planned goal
• Continuous process
• Integrates group efforts
• It remains the function
and responsibility of
every manager
• A deliberate function
• All pervasive function
FEATURES
