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Principles of Management-Management-Concept & Meaning

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Principles of Management-Management-Concept & Meaning
Management- Traditional Approach
Modern Approach
Management - Meaning
Management: Nature & Characteristics
Management as an Art
Management as a Science
Importance of Management

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Principles of Management-Management-Concept & Meaning

  1. 1. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Affiliated Institution of G.G.S.IP.U, Delhi BCA (Second Semester) Principles of Management 20104 Management-Concept & Meaning By: Saguna Khajuria Assistant Professor
  2. 2. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management- Traditional Approach • “Management is defined as the art of getting things done through others.” – Art: a range of skills are required to get things done from others – Get things done: to get things done in an organized and disciplined manner – Through people: people who may be managers or non- managers.
  3. 3. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Modern Approach • “Management is the process of getting things done with the aim of achieving organizational objectives effectively and efficiently. “ • “Management is the creation and maintenance of an internal environment in am enterprise where individuals, working in groups, can perform efficiently and effectively towards the attainment of group goals.” [Harold Kootz & Weirich]
  4. 4. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management - Meaning • Management as an economic resource Management Manpower Materials MachineryMethods Money
  5. 5. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management - Meaning • Management as a team • Management as an academic discipline • Management as a process
  6. 6. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management: Nature & Characteristics • Universal process • Goal oriented/ is a purposeful activity • Continuous process • Creative • Coordinative or unifying force • Group phenomenon • Intangible force • Social process • Multidisciplinary • Balances effectiveness and efficiency • Situational • Executive function • Art as well as science
  7. 7. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management as an Art • Main elements of art are: – Personal skills – Practical know-how – Result-orientation – Creativity – Constant practice aimed at perfection Management complies with the above points, so it is an art.
  8. 8. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management as a Science • Essential elements of science are: – Systematized body of knowledge – Contains unifying principles and theories – Has universal applicability – Can be taught and learnt Since Management conforms to the above points, it is said to be a science.
  9. 9. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Importance of Management • Accomplishment of goals • Effective utilization of goals • Sound organization • Providing vision and foresight • Harmony in work • Helping the employees in achieving personal objectives • Development of society and nation
  10. 10. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Key words: Management, economic resource, art, science, goals, knowledge.

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