Introduction to Principles and Practice of Managmenr
Principles and Practice of
Concept of Management
Management as a discipline.
Management as a group of people.
Management as a process.
Management as a discipline
Discipline refers to a field of study having well
defined concepts and principles
Science : a systematically organized body of
knowledge based on proper findings and exact
principles and is capable of verification.
- cause and effect relationships
- universal application
- predictable results
Art : it is the bringing about a desired result
through the application of skills.
- it denotes the personal skills
- it signifies practical knowledge
- it is creative in nature
Management as a group of
Management is the art of getting things done
Management as a process
Management is simply the process of decision
making and control over the action of human
beings for the expressed purpose of attaining predetermined goals.
Features of management
Relationship with resources
Functions of a manager
- determination of objectives
- search of alternative course of action
- evaluation of various alternatives
- formulation of policies
- preparation of schedules, budgets
Organizing and staffing
Recruitment , Selection, Placement, Induction
Assignment of jobs to employees
Establishment of standards
Measurement of performance
Taking corrective action
Levels of management