Introduction What is Management? Management as a Process Management as a Group/Team Management as a Discipline Management as an Activity Scope of Management Characteristics of Management Who are Effective Managers? Principles of Management
‘Management is an essential activity which arises as individuals seek to satisfy their needs through group action’.
1. Management as an Economic Resource 2. Management as a System of Authority 3. Management as a Class 21 3
1. Management is intangible2. Management is goal-oriented3. Management is universal4. Management is a social process5. Management is a group activity6. Management is a system of authority7. Management is dynamic
Have vision, think long-term, set directions; Are good communicators and good listeners; Understand operations Know where to spend time and how to priorities; Delegate well; Act confidently; Accept responsibility and admit mistakes; Are motivating, curious, honest and decisive
Optimum use of resources Effective leadership and motivation Establishes sound industrial relations Achievement of goals Change and growth Improves standard of living
Systematized body of knowledge Management is a social science Management is an inexact science Manager vs. scientist
Use of knowledge Creative art Personalized Constant practice