Management concept IMAGINE• an army with no general• a team with no coach• a nation with no government
THEN QUESTION ARISES• How could the army beat the enemy?• How could the team win games?• How could the nation avoid complete anarchy?
Therefore an organization can’tsucceed without a manager.Managers make sure that anorganization stays, well … organized.Organizing and directing the work ofothers is the work of the manager.People need organization anddirection if they are to workeffectively, and managers providethat.
Meaning of ManagementManagement is generally definedas the art and science of gettingthings done through others.This definition emphasizes that amanager plans and guides thework of other people
Definitions of Management“Management is the process of working withand through others to effectively achieveorganisational objectives by efficiently usinglimited resources in the changingenvironment.” -Kreitner
Nature of Management• Management is a goal- oriented process: An organisation has a set of basic goals which are the basic reason for its existence. Different organisations have different goals.
• Management is all pervasive or universal process: Managing an enterprise are common to all organisations whether economic, social Or political. A hospital needs to be managed as much as a college or a school. What managers do in India, the USA, or Japan is the same.
• Management is multidimensional or complex activity: It has three main dimensions `Management Management Management of work of people of operations
Management is a group activityEvery member of the group has a differentpurpose for joining the organisation but asmembers they work towards fulfilling thecommon organisational goal. This requiresteam work and coordination of individual effortin a common direction.
• Management is a dynamic function An organisation interacts with its external environment which consists of various social, economic and political factors. In order to be successful, an organisation must change itself and its goals according to the needs of the environment.E.g. McDonalds changes in its menu to be able to survive in the Indian market.
Management is an intangible force:Management is an intangible force that it cannot be seen but its presence can be felt in the way the organisation functions.The effect of management is noticeable in an organisation where targets are met according to plans, employees are happy and satisfied, and work in a proper order.
Objectives of Management Objectives Personal/Organisational Social individual objectives objectives objectives