3. Management
• Continuous process
• Aims at achieving the organisations goals
by ensuring effective use of resources
• combines features of both science as well
as art
• Science provides the knowledge
• Art deals with the application of knowledge
and skills
4. Definitions
• “Management is the art of getting things done through
and with people in formally organized groups”
--- Koontz
• “Management is the art of getting things done through
and with people”
--- Mary Parker
• “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
5. Contd..
• “Management is the accomplishment of
results through the efforts of other people”
--- Lawrence
• “Management is to manage is to forecast
and plan, to organize, to command, to
coordinate and control”.
-- Henry Fayol
6. Importance
• Attainment of group goals
• Effective functioning of business
• Resource development
• It control the organisation
• Minimize cost
• Communication
7. Characteristics
• Intangible
• Goal oriented
• Universal
• Needed at all levels
• Ongoing process
• Dynamic
• Multi-disciplinary
• Composite process
10. Challenges
• Quality and productivity
• Change in technology
• Change in environmental forces
• Lack of skills
• Market changes
• Ethical and social responsibility
11. Conclusion
• Management is the art and science of
preparing, organizing and directing human
efforts to control the forces and utilize the
material of nature for the benefit of men
