Introduction Of Management

1. UNIT - II
MANAGEMENT
Assistant Professor,
V.Revathi.,M.B.A.,M.PHIL.,
Department of Management

2. What is
management
“Management is the process of
involving Planning, Organizing,
staffing, directing, and controlling
human efforts to achieve stated
objectives in an organization.”

3. Define Management
 “Management is the art of knowing what you
want to do and then seeing that it is done in
the best and cheapest way” – F.W.Taylor
 “Management is a Multipurpose organ that
manage a business and manages managers
and manages Workers and work “ – Peter
Drucker

4. Mgt : a science or an art?
Management is Science because of several
reasons like - it has universally accepted
principles, it has cause and effect relationship
etc, and at the same time it is art because it
requires perfection through practice, practical
knowledge, creativity, personal skills etc.
Management is both an art and a science.

5. Scientific management
 Scientific Management, also called Taylorism, is
a theory
of management that analyzes and synthesizes
workflows. Its main objective is
improving economic efficiency, especially labor
productivity. It was one of the earliest
attempts to apply science to the
engineering of processes and to management.

6. MANAGERIAL
FUNCTIONS

8. 14 principles of management
1.DIVISION OF WORK
2.AUTHORITY AND RESPONSIBILITY
3. DISCIPLINE
4.UNITY OF COMMAND
5. UNITY OF DIRECTION
6. SUBORDINATION OF INDIVIDUAL INTEREST TO GENERAL
INTEREST
7. REMUNERATION
8. CENTRALIZATION
9. SCALAR CHAIN
10. ORDER
11. EQUITY
12.STABILITY OF TENURE OF PERSONNEL
13. INITIATIVE
14. ESPRIT-DE-CORPS (BOOK PAGE NO.184)

9. MANAGERIAL SKILLS
 TECHNICAL SKILLS
Effective supervision & coordinating of the
work of the subordinates
 HUMAN SKILL
Human skills are concerned with
understanding of people
 CONCEPTUAL SKILLS
This skill also called design & problem
solving skill involves the ability

10. MANAGERIAL
ROLES

12. THE EVOLUTION OF MANAGEMENT
THEORY