Principles and Practice of
Management
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 ...
 Art : it is the bringing about a desired result

through the application of skills.
- it denotes the personal skills
- i...
Management as a group of
people
 Management is the art of getting things done

through people
Management as a process
 Management is simply the process of decision






making and control over the action of hum...
Features of management
 Goal oriented
 Organized activity
 Relationship with resources
 Decision making
Functions of a manager
 Planning

- determination of objectives
- forecasting
- search of alternative course of action
- ...
Organizing and staffing
 Manpower determination
 Recruitment , Selection, Placement, Induction
 Assignment of jobs to e...
Directing
 Communication
 Leadership
 Motivation
 Supervision
Controlling
 Establishment of standards
 Measurement of performance
 Taking corrective action
Levels of management
 Top level
 Middle level
 Low level
Managerial skills
 Technical skills
 Human skills
 Conceptual skills
Functional Areas of Management
 Production Management
 Marketing Management
 Financial Management
 Human Resource Mana...
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Introduction to Principles and Practice of Managmenr

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Fundamentals of managment

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Introduction to Principles and Practice of Managmenr

  1. 1. Principles and Practice of Management
  2. 2. Concept of Management  Management as a discipline.  Management as a group of people.  Management as a process.
  3. 3. 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
  4. 4.  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
  5. 5. Management as a group of people  Management is the art of getting things done through people
  6. 6. 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. Planning Organizing Directing Controlling
  7. 7. Features of management  Goal oriented  Organized activity  Relationship with resources  Decision making
  8. 8. Functions of a manager  Planning - determination of objectives - forecasting - search of alternative course of action - evaluation of various alternatives - formulation of policies - preparation of schedules, budgets
  9. 9. Organizing and staffing  Manpower determination  Recruitment , Selection, Placement, Induction  Assignment of jobs to employees
  10. 10. Directing  Communication  Leadership  Motivation  Supervision
  11. 11. Controlling  Establishment of standards  Measurement of performance  Taking corrective action
  12. 12. Levels of management  Top level  Middle level  Low level
  13. 13. Managerial skills  Technical skills  Human skills  Conceptual skills
  14. 14. Functional Areas of Management  Production Management  Marketing Management  Financial Management  Human Resource Management  Materials Management

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